Telo News - Crypto | DeFi | Web3

08 Nov 2024 18:36

South Korea's Financial Supervisory Service (FSS) is ramping up its oversight of Trump-linked stocks and cryptocurrency volatility in response to recent U.S. election outcomes.

This proactive move aims to safeguard market stability and protect investors from speculative trading and misinformation.

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08 Nov 2024 09:11

Fed Chair Jerome Powell stated he will not resign if asked by President-elect Trump, emphasizing that the president lacks the legal authority to fire or demote him.

Powell also noted that Trump's election win won't influence the Fed's near-term monetary policy decisions.

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07 Nov 2024 20:02

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Fed cuts rates by 25bps to 4.75%.

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07 Nov 2024 15:23

MicroStrategy plans to spend $10bn on Bitcoin purchases next year, exceeding the total amount they've invested in BTC since 2020.

Earlier the company has announced a bold "21/21 Plan" to raise $42bn over the next three years to expand its Bitcoin holdings.

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07 Nov 2024 12:23

According to CoinShares, the proposed Bitcoin Act, if passed under the Trump administration, could significantly boost the crypto industry.

This act, which would establish Bitcoin as a strategic reserve asset, will allow the U.S. government to acquire up to 5% of its total supply.

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07 Nov 2024 07:16

France's gambling regulator, ANJ, is expected to ban the Polymarket crypto betting site, which reached over $3.5bn in bets for the U.S. presidential elections alone.

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07 Nov 2024 03:02

The total spot Bitcoin ETF volume surpassed $6.5bn, the highest since March 2024.

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06 Nov 2024 18:27

According to the data, if the German government hadn't sold its BTC reserves in July at $54,000, they could have pocketed an extra $990m in revenue.

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06 Nov 2024 13:12

Crypto supporters are making significant gains in the U.S. government.

Following Trump’s victory, 247 pro-crypto candidates were elected to the House of Representatives, compared to 113 opponents. In the Senate, 15 seats went to crypto advocates, while 10 went to opponents.

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06 Nov 2024 08:59

Democrat Kamala Harris and Republican Donald Trump spent a record-breaking $3.5bn in the 2024 presidential race, the most expensive in U.S. history.

Harris outraised Trump, with her campaign and Democratic groups raising over $2.3bn, while Trump and Republican groups collected just over $1.8bn.

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06 Nov 2024 08:16

Google is working to fix a glitch where "where can I vote for Harris" showed polling locations, but the same search for "Trump" only returned news articles.

The issue, highlighted by Elon Musk on social media, stems from Harris also being a county name.

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06 Nov 2024 07:25

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Donald Trump officially elected the 47th president of the U.S.

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06 Nov 2024 06:08

Over $466m was liquidated in the past 24 hours as Bitcoin hit a new all-time high of over $75,000, with a record $355m of the liquidations in short positions.

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06 Nov 2024 04:11

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Bitcoin hit a new all-time high of over $75,000, surpassing its previous all-time high of around $73,800.

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05 Nov 2024 09:59

The city of Lugano, Switzerland, issued digital bonds worth $139m to be settled using wholesale CBDC. This aligns with the city's goal of establishing itself as a crypto-friendly hub in Europe.

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08 Nov 2024 13:56

Chinese government had announced a 10tr yuan ($1.4tn) dept swap program to help local governments refinance debt. This stimulus amounts to approximately 7.87% of China's 2023 GDP.

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08 Nov 2024 08:36

Detroit, Michigan, is set to become the largest U.S. city to accept crypto pay taxes and fees starting mid-2025. The initiative will be facilitated through a secure PayPal platform.

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07 Nov 2024 15:35

Binance founder CZ said in an interview that he has received offers to sell his controlling stake in Binance and commented: "I'm happy to review every offer, but so far I haven't done anything."

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07 Nov 2024 15:07

FTX co-founder Gary Wang is seeking to avoid jail time, with his lawyers arguing that he cooperated with authorities and was unaware of the extent of the exchange's crimes. He is set to be sentenced on November 20.

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07 Nov 2024 12:05

Senator Cynthia Lummis has proposed a bold plan for the U.S. government to establish a strategic Bitcoin reserve, aiming to purchase 200,000 BTC annually over five years, totaling 1m BTC—currently worth $76bn.

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07 Nov 2024 07:02

Canada ordered TikTok to shut down its Canadian business, citing national security risks. However, the government will not block user access.

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07 Nov 2024 02:38

Over $1.28tr was added to U.S. stocks after Donald Trump won the Presidential elections.

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06 Nov 2024 15:44

JP Morgan’s Onyx has rebranded as Kinexys, signaling a new phase in its blockchain journey.

The platform now integrates Kinexys Digital Payments with J.P. Morgan FX Services, enabling on-chain FX settlements starting with USD and EUR.

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06 Nov 2024 09:41

According to Binance research, high-risk investments like memecoins are becoming increasingly attractive as alternative financial assets.

⚫️Surplus Capital: Memecoins capture some investment directed at risk-on assets beyond traditional stocks and real estate
⚫️Viral Appeal: Memes’ community-driven nature now translates to financial assets through blockchain technology
⚫️Accessibility: Memecoins aim to level the playing field with fair launches and low-float tokenomics
⚫️Blockchain Insights: The popularity of memecoins underscores blockchain’s ability to unify communities around shared ideas and movements

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06 Nov 2024 08:52

Donald Trump delivers victory speech.

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06 Nov 2024 07:41

The promised policies of newly elected U.S. President Donald Trump include:

⚫ Use Bitcoin to reduce the U.S. national debt
⚫ Stop regulatory pressures against the crypto industry
⚫ Ensure Americans’ right to mine and self-custody crypto
⚫ Fire Gary Gensler
⚫ Establish a committee to draft supportive regulations

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06 Nov 2024 06:16

Bitcoin is now ranked 10th in global asset market value, with a market cap of $1.469tr, surpassing Meta’s $1.415tr.

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06 Nov 2024 05:58

Donald Trump's odds of winning the U.S. Presidential elections are now 96.5% on crypto betting site Polymarket.

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05 Nov 2024 10:53

Binance and former CEO CZ's lawyers filed a motion to dismiss the SEC's amended complaint, criticizing the SEC for lack of regulatory clarity on virtual assets.

The filing argues that the SEC insists on classifying most crypto transactions as securities, even though it has not provided a clear standard, and selectively enforces this stance across the industry.

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05 Nov 2024 09:49

Hamster Kombat lost 259m players (86%) in just three months, while its token dropped 76% since its launch.

The game experienced frequent airdrop delays and disqualified many players with its anti-cheat system, with 2.3m banned and 6.8bn HMSTR tokens confiscated.

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