Telo News - Crypto | DeFi | Web3

14 Oct 2024 15:32

According to research conducted by SomaXBT, popular YouTuber MrBeast allegedly earned over $12m through a "Pump and Dump" schemes in 2021.

He reportedly bought low-cap tokens, promoted them via social media, and then sold his holdings after prices surged. His profits include:

⚫️$9m from SUPER
⚫️$1.7m from PMON
⚫️$765k from SHOPX
⚫️$1.25m from STAK

After he sold the tokens, their value dropped by 75-90%.

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14 Oct 2024 12:24

Digital asset investment products saw $1.2bn in inflows last week, marking the third consecutive week of gains:

⚫️Bitcoin led with $1bn inflows, short-bitcoin products saw $8.8m inflows
⚫️Ethereum broke a 5-week negative streak with $87m inflows
⚫️Solana saw $4.8m outflows, while Litecoin and XRP had small inflows
⚫️U.S. and Switzerland were the top regions for inflows

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14 Oct 2024 10:45

In 2024, U.S. regulators secured $19bn in settlements from crypto companies, with FTX and Alameda contributing $12.7bn.

This brings the total crypto settlements to $31.92bn since 2019. The year saw a massive increase in settlement values due to heightened scrutiny following major collapses like FTX and Celsius.

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13 Oct 2024 11:06

💌💌💌💌💌

✔ This week's crypto market highlights:

⚫FTX cash repayment plan approved
⚫Gate.io invests $10m in TON
⚫Google adds ENS support
⚫Mt. Gox extends repayment by a year
⚫Nigerian court denies bail to Binance exec
⚫BlackRock's AUM hits $11.5tr

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11 Oct 2024 15:56

A Nigerian court denied bail to Binance executive Tigran Gambaryan, citing that his health issues don’t justify his release.

He has been detained since February for money laundering and currency manipulation, and appeared in court in a wheelchair due to a herniated disk.

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11 Oct 2024 09:08

OKX secured a full UAE license and launched its VARA-compliant crypto exchange in Dubai.

It is now the first global crypto company in the UAE to offer AED banking rails for both retail and institutional customers.

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10 Oct 2024 19:04

Dubai’s Virtual Assets Regulatory Authority (VARA) fined seven unnamed crypto entities for operating without proper licenses and issued cease-and-desist orders.

The fines range from $13,600 to $27,200 each.

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10 Oct 2024 14:56

Mt. Gox has extended its repayment deadline for compensation by one year, pushing it to October 31, 2025.

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10 Oct 2024 11:00

Ripple launched Ripple Custody to help banks and fintechs store digital assets securely.

The service integrates with XRP Ledger and offers compliance tools, tokenization of real-world assets, and faster trading.

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Telo News - Crypto | DeFi | Web3

10 Oct 2024 09:31

South Korea's Financial Services Commission (FSC) plans to examine the monopolistic structure of the virtual asset market, where Upbit largely dominates.

An audit revealed that the exchange's deposits, sales, and commissions all exceeded 70%, classifying it as a monopoly under the Monopoly Regulation and Fair Trade Act.

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10 Oct 2024 08:09

A Chainalysis report showed Argentina leads Latin America in crypto value received, with an estimated $91.1bn.

Argentina saw a surge in stablecoin use amid inflation, with 61.8% of crypto transactions involving stablecoins.

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09 Oct 2024 18:23

The U.S. government recognized Bitfinex as the only victim eligible for restitution from the 2016 hack, which resulted in the theft of 120k BTC (worth $5.8bn today).

Bitfinex previously compensated users via BFX tokens, all redeemed by 2017.

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09 Oct 2024 16:19

TON Blockchain has been integrated into Ledger Live, allowing users to manage Toncoin and Notcoin tokens directly within the app.

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09 Oct 2024 10:59

Russia and Turkey banned instant messaging platform Discord over law violations and child safety. This could disrupt local crypto communities relying on the platform for communication.

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09 Oct 2024 08:25

The U.S. Supreme Court ruled that the U.S. government can sell the 69,370 BTC seized from Silk Road founder Ross Ulbricht, worth approximately $4.4bn.

The sale will be handled by USMS and will historically be the largest sale of seized Bitcoin.

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14 Oct 2024 15:25

Monochrome is preparing to launch Australia's first ever Ethereum ETF (IETH) on the Cboe stock market.

The spot Ether ETF will also be the world's first fund to offer in-kind Ethereum subscriptions and redemptions where investors can buy or withdraw with ETH.

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14 Oct 2024 12:02

Telegram is opening an office in Kazakhstan to enhance regulatory compliance.

The Kazakh government is collaborating closely with Telegram to swiftly remove illegal content and block unauthorized channels.

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14 Oct 2024 09:18

A Bitpanda report revealed that nearly 9% of people in Italy invest in virtual currencies, with up to 16% for Millenials and 13% for Gen Z.

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11 Oct 2024 16:09

BlackRock’s assets under management have surpassed $11.5tr, marking its third consecutive quarter of record growth in 2024.

This increase is fueled by strong inflows into its ETFs and recent high-profile acquisitions, including Global Infrastructure Partners for $12.5bn.

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Telo News - Crypto | DeFi | Web3

11 Oct 2024 10:19

The SEC sued crypto market maker Cumberland DRW, claiming it operated as an unregistered securities dealer.

In response, Cumberland said they acquired a registered broker-dealer license in 2019 but was only recently told their license was only for trading BTC or ETH. The market maker says they remain unfazed and their operations will continue unchanged despite the lawsuit.

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11 Oct 2024 09:05

Fidelity, issuer of the FBTC spot Bitcoin ETF, confirmed over 77,000 customer records were stolen in an August 17 to 19 breach. The hack included licenses, social security numbers, and personal information.

Per the filing, customers were only notified on October 9.

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10 Oct 2024 15:19

Thailand has allowed mutual and private funds to invest in digital assets, expanding the range of investment opportunities available to these entities.

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10 Oct 2024 14:33

💡💡💡
The U.S. announced the inflation figures:

⚫ CPI: 2.4% YoY, 0.2% MoM
⚫ Forecasted CPI: 2.3% YoY, 0.2% MoM

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10 Oct 2024 10:07

Santiment published an article noting that the removal of Gotbit could create a healthier trading environment and increase confidence in the cryptocurrency markets.

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Telo News - Crypto | DeFi | Web3

10 Oct 2024 09:14

Gotbit, a market maker in the crypto industry, was charged for providing market manipulation and wash trading services to various cryptocurrency companies. Gotbit used trading bots to create artificial trading volumes, misleading investors about token activity.

The firm’s CEO, Aleksei Andriunin, was arrested in Portugal.

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10 Oct 2024 00:14

Who is Satoshi Nakamoto, the pseudonymous creator of Bitcoin?

In the HBO documentary "Money Electric: The Bitcoin Mystery," Peter Todd is suggested as the real Satoshi Nakamoto. Todd, a 39-year-old Canadian, is known for his significant contributions as a Bitcoin core developer and consultant. He purchased his first Bitcoin when it was priced at 20 cents and was one of the few who communicated with Nakamoto before Nakamoto disappeared in 2011.

In the documentary's final 15 minutes, it suggests Todd as Nakamoto, supporting this assertion by detailing Todd’s background. This includes his early interest in cryptography, his association with Adam Back (a prominent Bitcoin figure contacted by Satoshi Nakamoto), and linguistic similarities in spelling and grammar that suggest a Canadian origin for Satoshi. A central argument revolves around a 2010 forum post where Todd replied to Satoshi; the filmmaker suggests this was accidentally posted from Todd’s own account rather than Satoshi’s.

However, the film falls short of definitively proving Todd's identity as Nakamoto.

Despite these claims, Todd denies being the creator of Bitcoin, dismissing the accusation as “ludicrous” and criticizing it as "irresponsible."

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09 Oct 2024 16:32

VanEck has launched a $30m early-stage fund, VanEck Ventures, to invest in fintech, digital assets, and AI startups.

The fund will focus on pre-seed and seed stage companies and aims to support founders building innovative financial applications.

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09 Oct 2024 11:19

The FTX bankruptcy estate filed for a settlement agreement in which former Alameda Research CEO Caroline Ellison would turn over all her remaining assets.

This would end the bankruptcy estate's case against Ellison, arguing that further litigation would drain her resources, and handing over her assets would be equally beneficial.

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09 Oct 2024 10:36

Google has integrated support for Ethereum Name Service (ENS), allowing users to search for .eth domains and view associated Ethereum balances directly within Google Search results.

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09 Oct 2024 08:15

Former FTX Digital Markets co-CEO Ryan Salame will start his 7.5-year sentence on October 11. This marks the second ex-FTX executive facing prison time, while Alameda Research CEO Caroline Ellison serves a two-year sentence.

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