Telo News - Crypto | DeFi | Web3

20 Nov 2024 06:03

Bitcoin reached a new all-time high of over $93,900 before returning to the $92,000 level.

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19 Nov 2024 16:57

Despite restrictions, U.S. users continue to access major crypto exchanges, leveraging various methods to bypass bans.

⚫️Currently, nearly 1m active U.S. users are using Bybit, Bitget, and OKX
⚫️Users employ VPNs and fake KYC documents to skirt restrictions
⚫️Cost of forged KYC documents is reportedly under $50

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19 Nov 2024 14:12

A global race to accumulate Bitcoin as a strategic reserve is underway, according to Binance founder CZ, who praised Michael Saylor’s recent presentation.

CZ stressed that nations printing money to buy Bitcoin can't afford to lag behind, warning, "No one can afford to be last!"

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19 Nov 2024 11:00

According to the data, the top five blockchains by global traffic share:

⚫Solana — 38.79%
⚫Base — 16.81%
⚫Ethereum — 10.76%
⚫TON — 6.20%
⚫Sui — 4.83%

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19 Nov 2024 08:06

💌💌💌💌💌

✔ This week's crypto market highlights:

⚫Bitcoin hits 'Extreme Greed' at 76
⚫FTX user sues Binance and CZ over alleged role in FTX collapse
⚫Trump appoints Musk and Ramaswamy to lead new "DOGE" agency
⚫U.S. inflation meets expectations at 2.6% YoY
⚫Bitcoin hits $91K ATH
⚫Polymarket investigated for violating CFTC agreement
⚫Bitfinex hacker gets 5 years for laundering 120k BTC

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19 Nov 2024 07:50

Donald Trump is expected to meet Coinbase CEO Brian Armstrong privately to discuss personnel appointments. Trump said if elected, he would form a presidential advisory commission focused on Bitcoin and crypto.

Previously, Coinbase sued the SEC, publicly criticizing the lack of regulatory clarity. The company also founded Stand With Crypto, a non-profit dedicated to promote pro-crypto policies and legislation.

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18 Nov 2024 11:36

According to Bitwise's research, Bitcoin's price typically peaks approximately 400 days after a halving event.

Given that only 213 days have passed since the most recent halving, this analysis suggests that the next all-time high for Bitcoin may occur around May 2025.

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18 Nov 2024 09:09

Elon Musk shared a concept video of "Terminus," the first city on Mars.

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18 Nov 2024 08:45

The Russian Ministry of Finance has announced significant changes in the taxation of digital currencies:

⚫VAT Exemption: Transactions involving digital currencies will be exempt from Value Added Tax (VAT).

⚫Income Taxation: Income derived from digital currency operations will be taxed similarly to income from securities transactions. Consequently, the maximum Personal Income Tax (PIT) rate on such income will not exceed 15%.

⚫Non-Resident Tax Rate: For non-residents of Russia, the tax rate is higher—30%. A tax resident is defined as an individual who spends at least 183 days within a 12-month period in Russia.

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18 Nov 2024 08:15

Yesterday, BTC Fear and Greed Index hit 90 meaning the ‘Extreme Greed’. This level has been reached only three times before:

⚫June 26, 2019: 95
⚫December 6, 2020 — January 5, 2021: 90-95
⚫February 10, 2021 — February 22, 2021: 91-95

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16 Nov 2024 09:45

As of Q3 2024, Goldman Sachs reported substantial holdings in various spot Bitcoin exchange-traded funds (ETFs), totaling over $710m.

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Telo News - Crypto | DeFi | Web3

15 Nov 2024 09:26

According to Dune, during the week of the U.S. elections, blockchain networks experienced a significant surge in on-chain transactions, totaling 172m. The distribution across major platforms was as follows:

⚫️Solana: 106.6m transactions
⚫️Tron: 14.7m transactions
⚫️BNB: 12.1m transactions
⚫️Polygon: 6.56m transactions
⚫️Ethereum: 6.55m transactions
⚫️Arbitrum: 5.7m transactions
⚫️Bitcoin: 3.2m transactions

This marked the highest on-chain transaction count recorded in a single week.

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15 Nov 2024 09:09

The SEC has postponed its decision on listing options for spot Ethereum ETFs, with a new deadline set for December 3, 2024.

This follows its recent approval of options trading for 11 Bitcoin ETFs.

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15 Nov 2024 08:46

Bitfinex hacker Ilya Lichtenstein was sentenced to five years in prison for laundering 120k BTC stolen from the hack.

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14 Nov 2024 09:40

The UK will announce plans to regulate the crypto industry this month in response to its growing appeal in the U.S. under President-elect Donald Trump.

The regulations aims to deal with the risk of UK startups looking to other jurisdictions, like the U.S., where rules may be more favorable.

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19 Nov 2024 17:03

Bitfinex Securities is launching a public offering of tokenized U.S. Treasury Bills under El Salvador’s new legal framework.

El Salvador-based digital asset issuer NexBridge Digital Financial Solutions will issue a new token, USTBL, aiming to provide investors with exposure to short-term US T-bills denominated in the US dollar.

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19 Nov 2024 14:21

BlackRock’s Bitcoin ETF options are set to debut on Nasdaq, potentially as soon as today, following a lengthy review process.

This marks a major step in expanding crypto investment products, expected to draw significant interest from both retail and institutional investors.

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19 Nov 2024 11:21

Gemini, the U.S.-based crypto exchange, is launching operations in France, citing the country’s supportive regulatory environment and growing interest in digital assets.

This move comes as France emerges as a leading pro-crypto nation, with its share of crypto holders reaching 18% amid the rollout of the EU's MiCA regulations.

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19 Nov 2024 08:35

Binance clarified that its BFUSD, a reward-bearing token offering a 19.55% annual yield, is not a stablecoin.

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19 Nov 2024 07:55

MicroStrategy proposed a private offering of $1.75bn in zero interest (0%) convertible senior notes due 2029 to buy more Bitcoin.

The company still has a $15.3bn budget to buy Bitcoin after its previous $21bn stock financing, wherein it spent only $4.6bn to buy 51,780 BTC. This has achieved a quarter-to-date yield of 20.4% and a year-to-date yield of 41.8%.

As of November 17, 2024, MicroStrategy holds 331.2k BTC bought for $16.5bn.

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19 Nov 2024 07:39

Bitcoin mining difficulty has reached a new all-time high of 102.29T.

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18 Nov 2024 11:15

Tether, Kraken, and Fabric Ventures are backing Dutch fintech company Quantoz Payments in the launch of two stablecoins, EURQ and USDQ, compliant with the EU’s Markets in Crypto-Assets Regulation (MiCA).

Set for release on November 18, the euro- and U.S. dollar-backed tokens are licensed by the Dutch Central Bank as e-money tokens (EMTs).

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18 Nov 2024 08:59

Crypto funds saw over $6bn inflows last week, its largest single weekly inflow in history.

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18 Nov 2024 08:32

Ethereum spot ETF weekly net inflow last week reached a record high of $515m, with Blackrock's ETHA leading.

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18 Nov 2024 07:31

The U.S. Department of Government Efficiency is exploring a federal blockchain-based election voting "eVote" and identification verification system, with sources saying it could be built in partnership with X, Cardano, Hyperledger, and Hedera.

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15 Nov 2024 18:38

Stablecoin usage has surged, with adjusted on-chain transaction volumes nearing Visa's, driven by a $150bn circulating supply and 27.5m monthly active users.

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15 Nov 2024 09:19

Donald Trump nominated former SEC Chair Jay Clayton as the U.S. Attorney for the Southern District of New York.

Clayton led the SEC during the 2017-2018 ICO boom, taking enforcement actions against Kik and Telegram, rejecting all crypto ETF applications, and charging Ripple for allegedly raising $1.3bn through unregistered XRP sales. Later, he changed his opinions on crypto ETFs, saying they were inevitable.

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15 Nov 2024 08:54

Solana dominated 89% of the 181k new tokens issued in a span of a year, with a major driver of activity being pump.fun memecoin launches.

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14 Nov 2024 13:12

South Korea's FIU has identified at least 500k-600k cases of potential KYC violations at the top local crypto exchange Upbit during its license renewal review.

This could lead to hefty fines and impact the exchange's operational status.

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14 Nov 2024 09:23

The U.S. SEC has approved Japanese cryptocurrency exchange Coincheck for listing on Nasdaq.

Set to trade under the ticker CNCK, it will become the first Japanese crypto exchange listed in the U.S., with trading expected to begin on December 10.

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