Telo News - Crypto | DeFi | Web3

14 Aug 2024 14:41

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US announced the inflation figures:

⚫ CPI: 2.9% YoY, 0.2% MoM
⚫ Forecasted CPI: 3.0 YoY, 0.2% MoM

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14 Aug 2024 10:25

Japan's Prime Minister Fumio Kishida, a proponent of web3 development, announced he'd step down in September, not planning to seek re-election. His exit raises uncertainty about the country's future crypto progress.

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14 Aug 2024 07:20

Core Scientific, a leading U.S. Bitcoin miner, plans to raise up to $350m in convertible notes to repay loans and fund general operations, unlike Marathon Digital, which plans to issue $250m in convertible notes to buy more BTC.

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13 Aug 2024 18:57

After a seven-year absence, Coinbase is set to resume offering crypto services to residents of Hawaii, the only U.S. state where it didn’t operate.

Coinbase exited Hawaii in 2017 due to stringent requirements, including the need for a money-transmitter license and maintaining fiat reserves equal to the total value of digital currency funds held for customers.

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13 Aug 2024 17:19

Binance has returned to India, with its website unblocked after securing FIU registration by paying a $2.25m fine.

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13 Aug 2024 17:09

The Hamster Kombat team declined VC investments to protect users, reserving 60% of HMSTR tokens for players.

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13 Aug 2024 10:31

Marathon Digital will now stamp all Bitcoin blocks mined in the U.S. with "Made in USA," aligning with Trump's call for more domestic Bitcoin mining.

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13 Aug 2024 09:33

South Korea now requires defunct crypto exchanges to obtain insurance to protect users' assets even after closure.

Initially, only operational Virtual Asset Service Providers (VASPs) needed insurance under the Virtual Asset User Protection Act, enforced last month.

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13 Aug 2024 09:23

Three Arrows Capital (3AC) filed a $1.3bn claim against Do Kwon's bankrupt Terraform Labs, citing massive losses from the 2022 TerraUSD and LUNA crash. Their LUNA holdings plunged from $462m in April 2022 to ~$2,700 by mid-May.

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12 Aug 2024 17:57

Recently, three crypto VCs were subpoenaed by the SEC and the two of them have been reportedly disclosed as a16z and Union Square Ventures, both involved as investors with Uniswap Labs.

Uniswap Labs has raised over $170m in VC funding, with a valuation of nearly $1.7bn as of late 2022. The company had also previously received a Wells Notice from the SEC, signaling potential regulatory action. The SEC accused Uniswap of operating as an unregistered exchange.

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12 Aug 2024 16:17

Bitcoin miners' daily revenue hit a 2024 low of $2.5m on August 11, driven by the ongoing bear market, reduced Bitcoin prices, and increased network difficulty.

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09 May 2024 00:52

Jack Dorsey, the founder of Twitter, shared an article stating that the technology behind Signal, an allegedly secure messaging app, was partly funded by the US government through a $3m grant.

Despite claiming transparency, Signal doesn't offer reproducible builds for iOS, unlike Telegram, which ensures privacy by using open-source code verified on GitHub.

Pavel Durov, the founder of Telegram, stated that the same encryption is implemented in WhatsApp, Facebook Messenger, Google Messages and even Skype.

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08 May 2024 13:11

The US DOJ has charged Dmitry Khoroshev, leader of the LockBit ransomware gang, with fraud and extortion, offering a $10m reward for information leading to his arrest.

Khoroshev, accused of extorting $500m since 2019, faces up to 185 years in prison.

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08 May 2024 12:29

Wintermute will provide liquidity for Bitcoin and Ether ETFs in Hong Kong, supported by OSL Digital Securities and Haskey HK Exchange.

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08 May 2024 11:59

SEC Chairman Gary Gensler highlighted that cryptocurrencies are a small, yet significant source of fraud in the US’s $110tr capital market.

He emphasized protecting investors and ensuring proper disclosures, without clarifying Ethereum's status as a security or commodity.

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14 Aug 2024 10:46

According to 10xresearch, nearly $2.8bn was issued by Tether and Circle earlier last week, signaling renewed interest from institutional investors.

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14 Aug 2024 10:18

Telegram celebrates its 11th anniversary today, having evolved from a simple messaging app launched in 2013 into a platform used by nearly 1bn people worldwide.

Over the years, it has continuously introduced new features, distinguishing itself from competitors like WhatsApp.

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14 Aug 2024 07:16

Coinbase, custodian of ~850k BTC for spot ETFs, teased the upcoming launch of its own wrapped Bitcoin, cbBTC.

This follows BitGo's move to relocate wBTC's backing from the U.S. to global locations like Singapore and Hong Kong and Marathon Digital's plan to label all U.S.-minted Bitcoin blocks as "Made in USA."

It's unknown if cbBTCs will be on Coinbase's Ethereum layer 2 network, Base, where other wrapped ERC-20 tokens like WBTC and WETH are already available.

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13 Aug 2024 17:55

Binance highlighted TON's strong design and Telegram integration, noting its potential for growth as a community-driven, decentralized project.

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13 Aug 2024 17:16

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A Wallet that received $2.19bn Bitcoin from Mt. Gox has initiated test transactions.

This wallet is likely Bitgo, the 5th and final exchange working with Mt. Gox Trustee to distribute funds to Mt. Gox creditors.

The same wallet just transferred $1.97bn worth of Bitcoin.

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13 Aug 2024 10:45

The Canadian cryptocurrency platform ezBtc and its founder, David Smillie, have been found guilty of misappropriating approximately $13m Canadian dollars ($9.5m) of customer funds for gambling.

The platform, which claimed to store users' crypto in cold storage, went offline in September 2019 and was dissolved in 2022.

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13 Aug 2024 10:11

El Salvador secured a $1.62bn investment from Turkey's Yilport to develop two seaports, including one near the planned Bitcoin City, marking the largest private investment in the country's history.

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13 Aug 2024 09:25

Grayscale's spot Ether ETF (ETHE) recorded zero outflows for the first time since its launch, while VanEck's (ETHV) saw its first outflow.

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12 Aug 2024 18:28

Coinbase has submitted another set of concerns to the SEC regarding the agency’s proposal to expand the definition of ‘exchange’ under Rule 3b-16 to include Decentralized Exchanges (DEXs).

Coinbase argued that the SEC’s proposal lacks critical analysis, rests on irrational assumptions, fails to show that there is any problem in need of regulation, and vastly overstates the proposal’s purported benefits. Coinbase urged for the proposal to be withdrawn and rewritten.

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12 Aug 2024 17:43

Tether is making significant investments to break into the AI market, positioning itself as a new competitor to tech giants like Microsoft, Google, and Amazon.

Its CEO Paolo Ardoino's strategy involves reinvesting 90% of Tether's excess profits into AI startups across various sectors.

Over the past two years, Tether had already invested $2bn on AI and alternative financial infrastructure projects, and plan to invest at least $1bn more in 2024.

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12 Aug 2024 16:14

Marathon Digital, one of the largest U.S. Bitcoin miners, intends to offer $250m in covertible notes to buy more BTC.

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08 May 2024 19:46

Binance CEO Richard Teng claimed Nigerian officials demanded a secret payment of $150m in cryptocurrency to drop a criminal investigation against its detained employee.

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08 May 2024 12:43

Indonesia's commodities regulator, Bappebti, has formed a committee to oversee the cryptocurrency industry, incorporating government and industry representatives to ensure compliance and assess risks.

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08 May 2024 12:05

FTX has amassed $14.5 to $16.3bn for creditor payouts after liquidation, which is more than it needs to cover what customers lost in its November 2022 collapse.

If the bankruptcy court approves, 98% of creditors will receive about 118% (full recoveries, plus interest) within 60 days of the plan's implementation.

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07 May 2024 18:46

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TikTok filed a lawsuit in the US Court of Appeals for the District of Columbia, arguing that the law signed by Joe Biden violates the US Constitution on several grounds, including running afoul of the First Amendment's free speech protections.

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