Telo News - Crypto | DeFi | Web3

06 Mar 2024 09:17

The Arizona Senate has reportedly moved forward a resolution urging pension fund managers to consider adding spot Bitcoin ETFs to portfolios.

If passed, it would prompt a report on the feasibility and risks of such investments.

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06 Mar 2024 08:25

The SEC claims Binance US isn't fully complying with requests for customer asset information, while Binance US denies it, stating it has fulfilled its obligations.

The issue centers on whether Binance Holdings employees still have access to Binance US customer assets.

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05 Mar 2024 18:53

In February, the crypto VC investments saw continued growth:

⚫️134 public investments took place in February, up 13.6% from January and 1.5% year-on-year
⚫️Infrastructure projects led in the financing in terms of capital raised at 24%, followed by DeFi (16%), and NFT/GameFi (13%)
⚫️Total financing amounted to $700 million, a 6.1% increase from January but a 27.1% decrease year-on-year

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05 Mar 2024 17:27

Bitcoin fell around 5% in the last one hour, going below $65,000. The liquidation amount reached $142m in one hour.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 14:42

Accordring to CoinMarketCap, Bitcoin has risen to become the 9th largest asset by market cap, signaling its growing prominence in the global market. Notably, it is coming very close to catching the market cap of silver.

🥇 Gold: $14.32tn
🇺🇸 Microsoft: $3.09tn
🇺🇸 Apple: $2.77tn
🇺🇸 NVIDIA: $2.13tn
🇸🇦 Saudi Aramco: $2.04tn
🇺🇸 Amazon: $1.84tn
🇺🇸 Alphabet (Google): $1.71tn
🥈 Silver: $1.36tn
🪙 Bitcoin: $1.31tn
🇺🇸 Meta Platforms (Facebook): $1.28tn

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 13:58

According to the data, funding rates are at 3-year highs, with a significant increase in notional open interest (OI) of 23k BTC over the past 6 days.

According to analysts, there is a likelihood of reaching all-time highs (ATHs) soon, but investors should expect downside volatility and cascading long liquidations beforehand.

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05 Mar 2024 13:21

Bitcoin's Fear and Greed Index is currently at 90 for the first time since February 2021, indicating extreme greed among investors.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 12:42

The SEC included the Wahi decision, which determined specific tokens sold on Coinbase as securities, as additional support in the Binance case.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 11:47

Stanford University's Blyth Foundation reportedly allocated 7% of its portfolio to Bitcoin, purchasing the cryptocurrency for $45k in February.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 11:26

According to the data, spot Bitcoin ETFs now hold over 1m BTC, which is equivalent to the 5.13% of the total Bitcoin circulating supply.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 10:38

The Coinbase App's ranking on the US Apple Store is rising quickly, currently sitting at #46 in the Free Apps category. Just about a month ago, it was ranked at #479.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 10:15

Bitcoin had a strong rally breaking above $68k, almost nearing its all-time high record of around $69k. Bitcoin has gained around 50% this year.

Ether (ETH) also rose above $3.6k for the first time since January 2022 amid strong institutional demand.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 08:20

The SEC has postponed its decision on BlackRock and Fidelity's proposal for a spot Ethereum ETF and is soliciting public input.

The SEC is examining whether Ethereum's proof-of-stake system is susceptible to fraud and manipulation.

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04 Mar 2024 16:57

Tether has launched a recovery tool for users to migrate USDT between blockchains in case of blockchain issues, ensuring reliability and usability.

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Telo News - Crypto | DeFi | Web3

04 Mar 2024 10:24

South Korea probes Worldcoin for collecting personal data, including iris scans, in exchange for crypto.

Worldcoin's price dropped 4.18% to $7.99 amid the investigation.

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06 Mar 2024 08:44

The US government reportedly seeks to modify CZ’s bond, requiring notification of travel plans.

Zhao's team objects, but the government is concerned about potential travel to the US-Canada border.

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Telo News - Crypto | DeFi | Web3

06 Mar 2024 08:08

According to Fortune, Binance US has undergone significant layoffs, cutting over 200 employees, or two-thirds of its staff, since June due to the SEC's lawsuit against Binance, leading to a drastic 75% revenue decline.

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05 Mar 2024 18:27

Nexo reportedly gained initial approval for licensing in Dubai from the region's Virtual Assets Regulatory Authority (VARA), advancing toward full approval for financial activities.

Dubai seeks to establish itself as a global crypto hub, attracting institutions like Nexo.

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05 Mar 2024 16:09

⚡️⚡️⚡️⚡️⚡️⚡️
Bitcoin reaches new all-time high of $69,000.

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05 Mar 2024 14:15

A Montenegro court overruled a lower court decision to extradite Do Kwon to the US.

The Court of Appeals in the Balkan nation cited “significant violations of the provisions of criminal procedure” in the legal action leading up to the extradition decision in February.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 13:38

Singapore's Temasek Holdings is reportedly in talks to invest in OpenAI.

According to reporters, senior executives from Temasek have met with OpenAI's CEO, Sam Altman, multiple times in recent months.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 13:12

Taiwan's Financial Supervisory Commission is reportedly considering a special crypto regulation act, aiming to release initial findings in September.

It prioritizes investor protection and encourages self-supervision within the industry.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 11:59

Binance will stop offering services for Nigerian Naira (NGN) according to the following schedule:

⚫️Users should withdraw NGN, trade, or convert NGN into crypto before the service discontinuation
⚫️Starting from March 8, 08:00 (UTC), remaining NGN balances in Binance accounts will be automatically converted to USDT based on a specified conversion rate

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05 Mar 2024 11:31

Deutsche Boerse has launched a regulated crypto trading platform for institutional investors after receiving additional licenses from German regulators.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 11:00

The meme market cap stands at $63.8 billion, showing a 31.4% change in the last 24 hours.

In the last 24 hours, dog-themed coins have generated over $25bn in trading volume, led by Dogecoin (DOGE) and Shiba Inu (SHIB), while cat-themed coins, such as Solana-based Popcat (POPCAT), generated $34m in volume within the same timeframe.

Pepe (PEPE) is leading the pack among the small number of frog-themed tokens. On its own, Pepe has generated almost $4bn in the same period.

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Telo News - Crypto | DeFi | Web3

05 Mar 2024 10:22

The total circulating market cap of Tether's USDT rose to $100bn.

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05 Mar 2024 09:54

BRICS reportedly plans to create an independent payment system using digital currencies and blockchain.

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Telo News - Crypto | DeFi | Web3

04 Mar 2024 17:52

According to CoinShares, US ETFs dominate digital asset investment with massive $1.8bn inflows, mostly into Bitcoin.

Ethereum also sees significant weekly inflows. Despite price rises, Ethereum's assets remain below peak levels.

The US leads in net inflows, while other regions show mixed flows. Overall, total assets under management are close to all-time highs at $82.6bn.

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04 Mar 2024 13:54

By September 2024, Taiwan plans to propose a draft law with stricter penalties for crypto dealers and is expected to release results of a study on investing in spot Bitcoin ETFs in April 2024.

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Telo News - Crypto | DeFi | Web3

04 Mar 2024 09:45

US court ruled that trading crypto on platforms like Coinbase is securities trading, rejecting arguments against SEC oversight.

Default judgment in insider trading case supports SEC's stance on crypto regulation.

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