Telo News - Crypto | DeFi | Web3

17 Sep 2024 11:48

Donald Trump's sons announced the World Liberty Financial (WLFI) governance token.

The project plans to sell the majority of its WLFI tokens, upwards of 63%, to accredited investors in the U.S. The token sale will be SEC regulated.

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17 Sep 2024 09:27

The Royal Government of Bhutan's investment arm, Druk Holdings, holds 13k BTC worth over $750m, making it the fourth largest government with Bitcoin holdings.

Unlike other countries, Bhutan's holdings don't come from seizures, but from Bitcoin mining operations, which started at $5,000 per BTC.

Electricity tariffs in Bhutan cost just $0.015 to $0.032 per kWh, compared to the $5.96 per kWh in Hawaii.

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16 Sep 2024 23:15

Binance founder CZ, who is currently serving a four-month prison sentence, is set to be released on September 29.

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16 Sep 2024 21:04

💌💌💌💌💌
✔ This week's crypto market highlights:

⚫Nigeria to crack down on unregulated exchanges
⚫FTX settled disputed $600m Robinhood shares
⚫SEC enforcement actions in 2024
⚫Tether, TRON and TRM Labs launch Financial Crime Unit
⚫Trump vs Harris debate
⚫U.S. inflation figures released
⚫UK recognizes crypto as property
⚫U.S. lawmakers sue SEC over biased hires
⚫Russia to regulate crypto by November
⚫Do Kwon's extradition decision updates

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16 Sep 2024 08:17

CME Group estimated a 41% probability of a 25bp rate cut and a 59% chance of a 50bp cut ahead of the September 18 FOMC meeting.

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14 Sep 2024 12:01

Binance has discovered a global malware threat known as "Clipper malware," which alters cryptocurrency withdrawal addresses, leading to significant financial losses. The malware replaces copied wallet addresses with those of attackers, impacting users on Android, web apps, and iOS.

Binance’s security team said it is blacklisting suspicious addresses, notifying affected users, and monitoring new threats.

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13 Sep 2024 21:21

Brazil’s Supreme Court has lifted the freeze on bank accounts linked to Elon Musk's Starlink and X after they paid $3.3m in fines.

The penalties stem from X’s failure to comply with court orders to block accounts accused of spreading misinformation and hate speech.

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13 Sep 2024 15:25

USDT liquidity on TON has reached $729m in just four months since its integration into Telegram.

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13 Sep 2024 14:29

Revolut with over 45 million clients has added support for TON. Now, Toncoin is available for trading in the bank’s app for users in the UK and the EU.

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13 Sep 2024 13:32

Consumers' Research, a consumer protection group, has released a report criticizing Tether for a lack of transparency regarding its U.S. dollar reserves backing the USDT stablecoin. The report raises concerns that:

⚫Tether has not provided a full audit of its reserves by a reputable accounting firm.
⚫There are parallels between Tether's opacity and issues that led to the collapse of FTX and Alameda Research.
⚫Tether may be involved with questionable entities and facilitating the use of USDT to evade international sanctions.

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13 Sep 2024 13:15

OpenAI has introduced a new series of models called OpenAI o1, designed to handle more complex tasks with better reasoning and problem-solving abilities, particularly in areas like science, coding, and math. The models are part of a beta available to ChatGPT Plus users and come in two versions:

⚫o1-preview: The larger model with advanced reasoning capabilities and a broad knowledge base.
⚫o1-mini: A smaller, faster version optimized for coding tasks, performing competitively with the larger model.

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13 Sep 2024 11:47

The UK High Court has ruled that the stablecoin Tether (USDT) is considered property under English law, marking the first such decision after a full trial.

This legal recognition aligns with recent efforts to classify cryptocurrencies as personal property and sets a precedent for future cases involving digital assets.

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12 Sep 2024 19:03

A Deutsche Bank survey revealed that U.S. consumers are becoming more positive about cryptocurrency, with fewer than 1% now calling it a "fad." Over half of respondents view crypto as an important asset class and payment method, and 65% believe it could eventually replace cash.

However, sentiment on Bitcoin is mixed, with a third of consumers expecting its price to stay below $60,000 by year-end and only 12%-14% predicting it will surpass $70,000.

Meanwhile, stablecoins face uncertainty, with just 18% expecting them to thrive and 42% anticipating their decline.

Concerns about a cryptocurrency collapse in the next two years were raised by more than half of those surveyed.

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12 Sep 2024 18:10

TON ranks as the top blockchain for transaction growth this year, according to CryptoRank.

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12 Sep 2024 04:56

An FTX/Alameda wallet began redeeming 177,693 SOL ($23.84m) from its 7.057m SOL ($947m) holdings in Solana PoS staking.

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17 Sep 2024 11:09

Over 40 financial firms have joined the BIS's Project Agorá to explore how tokenization can enhance wholesale cross-border payments.

The project, launched in April, involves seven central banks and aims to integrate tokenized commercial bank deposits with central bank money to improve payment efficiency.

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17 Sep 2024 09:11

All five-members of the SEC Commission are expected to testify in front of the Financial Services GOP/U.S. House Committee of Financial Services on September 24.

This will be the first time the whole commission, not just the chair, has testified together since 2019.

⚫ Gary Gensler (Chairman)
⚫ Hester Pierce
⚫ Caroline Crenshaw
⚫ Mark Uyeda
⚫ Jaime Lizárraga

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16 Sep 2024 23:11

Flyfish Club, the team behind the planned NYC private club, settled with the SEC for $750k for allegedly promising NFT buyers profit expectations.

Between 2021 and 2022, they sold club memberships through NFTs, raising $14.8m from about 1,600 NFT sales.

Flyfish has until September 26 to destroy all Flyfish NFTs in its possession and stop collecting royalties from secondary sales.

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16 Sep 2024 13:39

Bybit has secured a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA), which allows the exchange to serve both retail and institutional crypto investors in Dubai. The company aims to obtain a full operational license soon, following its move to Dubai in 2022.

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16 Sep 2024 08:03

The Bank of Russia has proposed the launch of a digital ruble, with plans to introduce the central bank digital currency (CBDC) on July 1, 2025.

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13 Sep 2024 22:15

Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX, has appealed to overturn his fraud conviction.

In a 102-page appeal, he claimed that Judge Lewis Kaplan made several rulings that impeded him from putting up a proper defense. SBF’s lawyer suggested that Kaplan was biased as he had already presumed that the defendant was guilty from the start.

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13 Sep 2024 21:08

The SEC has expanded its lawsuit against Binance, adding tokens like AXS, FIL, ATOM, SAND, and MANA as unregistered securities.

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13 Sep 2024 15:02

The Supreme Court of Montenegro is expected to issue a ruling by the end of this month regarding potential legal violations in the extradition case of Terraform Labs founder Do Kwon.

The prosecutor claims that both the High Court and Appellate Court rulings on Do Kwon’s extradition may have violated the law.

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13 Sep 2024 14:12

MicroStrategy acquired an additional 18,300 BTC using cash at an average price of $60,408 between August 6 and September 12, worth approximately $1.11bn. Their total holdings reached 244,800 BTC, worth $9.45bn.

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13 Sep 2024 13:19

Anatoly Aksakov, the Chairman of the Russian State Duma Committee on Financial Markets announced that Russia will regulate cryptocurrency trading by November.

⚫Initially, a small number of organizations will be allowed to participate in trading, with plans to expand this circle later.
⚫The Central Bank and the Ministry of Finance are preparing documents to determine the individuals and organizations involved in this process.
⚫Cryptocurrency is planned to be used exclusively for foreign trade activities; it will not be recognized as a means of payment within Russia.

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13 Sep 2024 11:58

U.S. Congressman John Rose has introduced a bill stating that the SEC and CFTC should establish a joint committee on crypto regulation and come to a unified stance on matters concerning the classification of tokens, whether they are considered commodities or securities.

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13 Sep 2024 03:09

The U.S. Treasury Department said the annual interest alone on its $35.3tr national debt topped $1tr for the first time.

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12 Sep 2024 18:21

Grayscale is launching the first U.S. XRP trust, giving accredited investors direct exposure to XRP. While different from an ETF, the trust could potentially convert into one with SEC approval, following Grayscale's successful Bitcoin and Ethereum ETF launches.

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12 Sep 2024 16:08

Trading platform eToro agreed to pay $1.5m to settle charges with the SEC for operating as an unregistered broker, an unregistered clearing agency, and for facilitating trading in certain crypto assets as securities.

Going forward the only crypto assets available for U.S. customers to trade on eToro will be Bitcoin, Bitcoin Cash, and Ethereal.

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12 Sep 2024 04:48

Chainalysis data shows that payments in Singapore using stablecoin reached a record high of almost $1bn in Q2, doubling Q1 numbers, led by transactions at merchant outlets.

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