Telo News - Crypto | DeFi | Web3

09 Oct 2024 08:11

Brazil's Supreme Court has lifted ban on X, allowing operations to resume to its 22m local users after X paid a $5m fine.

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08 Oct 2024 15:36

Crypto.соm has received a Wells notice from the SEC, indicating that the agency believes the company may have violated federal securities laws.

In response, the company has filed a lawsuit against the SEC, aiming to challenge what it views as the agency's overreach and unjust regulations.

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08 Oct 2024 12:43

JPMorgan analysts note key catalysts for the crypto market, including the seasonal "Uptober" trend, potential Fed interest rate cuts, and Ethereum's upcoming "Pectra" upgrade.

While October typically sees positive Bitcoin returns, recent rate cuts have not yet impacted the market.

The approval of Bitcoin ETF options may enhance liquidity, and the Pectra upgrade is expected to improve Ethereum's efficiency in the long term.

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08 Oct 2024 12:16

Fold, a financial services company allowing users to earn Bitcoin rewards through its debit card, filed an S-4 with the SEC in preparation for its IPO. The company currently holds over 1,000 BTC in its vault and has almost 600k accounts.

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08 Oct 2024 08:25

A U.S. bankruptcy judge approved FTX's bankruptcy plan which will refund 98% of creditors at least 118% of their claim value in cash, not in the respective crypto.

The FTX token (FTT) surged over 67% within an hour, jumping from a low of $2.01 to a high of $3.35.

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07 Oct 2024 10:59

Bitcoin remains the top-performing asset in 2024, with a 49.2% year-to-date gain, despite a weaker Q3.

NYDIG’s Greg Cipolaro attributes the performance to demand from spot ETFs, corporate adoption, and market resilience.

He anticipates a stronger Q4, influenced by the U.S. election and typical seasonal trends.

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07 Oct 2024 09:20

💌💌💌💌💌

✔ This week's crypto market highlights:

⚫Bithumb eyes Nasdaq listing in 2025
⚫Gemini to exit Canada by December 31
⚫SEC appeals Ripple penalty ruling
⚫CFTC approves tokenized funds
⚫Bybit launches indices trading on MT5
⚫HBO documentary claims to reveal Satoshi’s identity
⚫Coinbase to delist non-compliant EU stablecoins by 2024’s end

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06 Oct 2024 16:30

The UAE has exempted cryptocurrency transfers and conversions from value-added tax.

The new rules include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.

The exemptions in the transfer and conversion of virtual assets will be applied retrospectively from Jan. 1, 2018. 

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04 Oct 2024 16:39

Betting on Polymarket suggests that HBO’s upcoming documentary might identify Len Sassaman as Satoshi Nakamoto.

Sassaman, who died in 2011, was known for his strong cryptography background and focus on privacy and decentralization.

His death coincided closely with Satoshi’s disappearance from the public forum BTCTalk, fueling speculation that he might be the creator of Bitcoin.

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04 Oct 2024 15:59

Brazil is testing DeFi components in its Drex CBDC pilot, focusing on decentralization, privacy, and programmability.

The second phase, running until 2025, involves digital asset transactions and tokenization within banks.

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04 Oct 2024 12:59

JPMorgan predicts increased demand for gold and Bitcoin due to geopolitical tensions and the upcoming U.S. presidential elections.

Analysts attribute this trend to concerns over rising inflation, large budget deficits in major economies, and decreasing trust in fiat currencies.

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04 Oct 2024 12:09

The U.S. Justice Department and SEC support a class-action lawsuit against Nvidia, claiming it misled investors about crypto-related sales.

The agencies argue that the case has sufficient grounds to proceed in the Supreme Court, despite Nvidia's objections.

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04 Oct 2024 02:20

Kraken has opened a derivatives trading platform in Bermuda, having received a license from the Bermuda Monetary Authority (BMA). 

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03 Oct 2024 15:59

According to the recent CoinMarketCap report, in Q3 2024, the crypto market faced bearish conditions but saw key narratives emerge, shaping market sentiment.

Bitcoin’s dominance reached a high not seen since April 2021, despite negative returns in August. Additionally, stablecoins hit an all-time high market cap, signaling strong sidelined liquidity. While Bitcoin’s performance lagged in Q3, historical trends suggest a strong potential for a bullish Q4.

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03 Oct 2024 15:02

Coinbase has asked a court to force the CFTC to release communications with crypto issuers to help defend against the SEC lawsuit.

Coinbase claims the CFTC’s info is crucial to determine if the tokens qualify as securities but says the CFTC is refusing to cooperate, citing the broadness of the request.

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08 Oct 2024 21:13

TON has reached a major milestone with 100m unique holders, defined as addresses with a non-zero balance.

At the start of the year, this number was just 4.3m, showcasing significant growth.

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08 Oct 2024 15:31

Gatе.io has invested $10m in TON Blockchain to boost Telegram-based projects.

The funding will support the development of a CeFi-driven Telegram mini-app and a Gate Wallet, while also engaging in the TON Society’s Hackers League hackathon with a $2m prize pool.

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08 Oct 2024 12:19

Binance released its 23rd proof of reserves, showing a decline in user assets as of October 1.

⚫️BTC assets: 596k, down 1.58% from September 1
⚫️ETH assets: 4.425m, down 1.37%
⚫️USDT assets: $21.41bn, down 3.16%

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08 Oct 2024 08:26

Solana accounted for 96,010 new tokens out of a total 110,180 launched in one year across all tracked chains. These tokens represented over 87% of all new tokens appearing on DEXs.

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07 Oct 2024 16:31

Dan Gallagher, Robinhood's Chief Legal Officer, is a leading candidate to head the SEC if Donald Trump wins the presidency.

He argues that the SEC should focus on tailored regulations for crypto instead of pursuing what he deems a weak case.

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07 Oct 2024 10:48

After Elon Musk’s endorsement, Trump’s chances of winning the election on Polymarket rose to 50.6%, overtaking Kamala Harris’s 48.4%.

Musk claimed Polymarket is more accurate than traditional polls due to real money being at stake.

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07 Oct 2024 09:18

Tether celebrated 10 years of USDT by announcing its own documentary called "Stability and Freedom in Chaos."

The trailer highlights the stablecoin's anti-inflation properties and features interviews from inflation-affected countries like Turkey, Brazil, and Argentina.

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06 Oct 2024 07:07

Tether plans to launch a new tech solution for the European market to comply with EU’s MiCA regulations amid rumors of a potential USDT delisting from Coinbase in Europe.

The solution will address concerns around regulatory requirements that could impact stablecoins and banking infrastructure.

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04 Oct 2024 16:19

Binance's market share hit a 4-year low in September, with trading volumes dropping over 20% compared to the previous month, reflecting declining dominance in the crypto market.

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04 Oct 2024 15:46

Coinbase will delist all stablecoins that do not comply with the European Union's MiCA regulations by the end of 2024.

MiCA requires stablecoin issuers to hold e-money authorization in at least one EU member state.

The new rules for exchanges will take effect on December 31, which could impact tokens like Tether’s USDT.

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04 Oct 2024 12:43

Russian banks will be allowed to block suspicious transactions involving the digital ruble (CBDC) in line with anti-money laundering regulations.

Arthur Hayes has criticized central bank digital currencies as "Pure Evil," arguing that they provide governments with tools for repression and the ability to disconnect anyone from the financial system.

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04 Oct 2024 03:43

Ripple partnered with Mercado Bitcoin to offer cross-border transactions in Brazil, with plans to streamline treasury operations between Brazil and Portugal.

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04 Oct 2024 01:42

A new HBO documentary claims to have cracked the true identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto.

The documentary is the latest work of Emmy-nominated Cullen Hoback and will air on October 8, at 9pm EST.

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03 Oct 2024 15:45

BBVA is preparing to launch its own stablecoin next year with support from Visa. The bank is currently in the sandbox phase of Visa’s program that helps firms develop tokenized assets. BBVA aims to move to live testing by 2025.

The bank hasn't yet decided whether its stablecoin will be backed by deposits, money market funds, or fiat currencies like the euro or U.S. dollar. The stablecoin is expected to be used as a settlement layer on exchanges for tokenized assembly, such as real estate and private credit funds.

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03 Oct 2024 13:07

Bybit has introduced Indices Trading on MetaTrader 5 (MT5) using USDT, allowing users to trade major indices such as the China A50, Dow Jones, NAS100, Nikkei, and Hang Seng. The service will start on October 2, 2024.

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