Telo News - Crypto | DeFi | Web3

08 Mar 2024 14:24

According to FBI, cryptocurrency investment fraud rose 53% in 2023 to $3.94bn.

However, Chainalysis data indicates a global decline in scam revenues since 2021, aligning with market trends.

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08 Mar 2024 12:28

South Korean Terra-Luna investors reportedly advocate for Do Kwon's extradition to the US, citing fears of lighter punishment in Korea for financial crimes.

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08 Mar 2024 09:49

US prosecutors reportedly seek extradition of Do Kwon despite Montenegro's decision to send him to South Korea.

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07 Mar 2024 19:59

Retail investor interest in the crypto market is picking up, with a 45% increase in website traffic to exchanges and a 66% increase in traffic to market data platforms like CoinMarketCap and CoinGecko compared to August-October levels.

Despite this, traffic remains below summer 2022 levels.

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07 Mar 2024 18:59

According to the data, Grayscale's outflows increased as Gemini Earn settled with Genesis to repay creditors in kind.

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07 Mar 2024 17:52

The SEC has delayed rule change proposals from Cboe, NYSE and Nasdaq to list options related to the Bitcoin ETFs.

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07 Mar 2024 14:44

South Korea’s National Police Agency requested Interpol’s assistance to extradite Terra co-founder Do Kwon back to South Korea.

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07 Mar 2024 13:40

Nigeria has updated its guidelines for crypto service providers in a bid to stop criminality. Last month, Nigeria's government blocked local access to several crypto platforms, including Binance, Coinbase, and Kraken.

The new SEC guidance would ensure “criminals are not registered as operators” in the capital market, the report said, although it's unclear how criminality would be assessed.

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07 Mar 2024 12:42

Pantera Capital, a major crypto asset manager, is reportedly raising funds for its Pantera Solana Fund to buy deeply discounted SOL tokens from bankrupt exchange FTX's estate.

Investors can purchase SOL at a 39% discount or $59.95, with a vesting period of up to four years.

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07 Mar 2024 12:01

Bitcoin’s 'Kimchi Premium' in South Korea reached a two-year high of 10.32%.

Kimchi Premium refers to the gap between crypto prices in South Korea and elsewhere due to several unique elements of the country’s crypto market. Local rules essentially block foreign investors from trading on South Korean exchanges.

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07 Mar 2024 10:43

According to Glassnode, in the March 2024 Finance Bridge, Bitcoin's new all-time high is explored alongside key volatility drivers, speculative asset interest, and ETF effects:

⚫️February 2024 represented a market characterized by strategic institutional investor entry, healthy capital inflow, as evidenced by the rise in realized capitalization, and a strategic balance between speculation and long-term holding behavior
⚫️NUPL (Net Unrealized Profit/Loss) is above the range of +1 STD (~0.59) indicating very high risk in the market;
⚫️Potential exhaustion of market demand is observed
⚫️90% of new Bitcoin investors are profitable

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07 Mar 2024 06:44

According to reporters, the CFTC's advisory committee advanced a digital assets taxonomy to standardize terminology for regulatory clarity and promote innovation in the ecosystem.

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06 Mar 2024 16:46

After Bitcoin's all-time high, March remains eventful with potential price fluctuations due to CPI data, Ethereum's Berlin upgrade, the NVIDIA conference, FOMC meetings, and the SEC vs. Ripple case.

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06 Mar 2024 14:44

According to reporters, Spain's data protection regulator, AEPD, has ordered Worldcoin to stop collecting personal information in the country and cease using existing data, giving a 72-hour compliance deadline.

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06 Mar 2024 11:26

Ethereum (ETH) hit $3,800 for the first time since December 2021, as anticipation mounts for its Dencun upgrade. The upgrade is scheduled for March 13.

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08 Mar 2024 12:55

BlackRock intends to buy spot Bitcoin ETFs for its Global Allocation Fund.

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08 Mar 2024 10:59

JPMorgan analysts find it unrealistic to expect Bitcoin to match gold in portfolio allocation by notional amounts due to higher risk.

They anticipate potential $62bn inflows into spot Bitcoin ETFs over 2-3 years but question if it's entirely new investment or a shift from existing instruments.

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08 Mar 2024 09:26

Coinbase warned of overestimated value in the $26bn crypto AI market due to technical hurdles and regulatory challenges.

Sustainability concerns loom for AI tokens like Akash Network amid supply-demand issues and memetic speculation.

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07 Mar 2024 19:21

Bitcoin miner revenue reached $75.9m on March 6, the second-highest day ever, following Bitcoin's all-time high of $69,200.

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07 Mar 2024 18:40

Fed Chair Jerome Powell stated that the Federal Reserve is currently not considering recommending or adopting a CBDC.

He assured the public that there is no imminent plan for a CBDC, alleviating concerns about its potential impact on privacy and the financial system.

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07 Mar 2024 15:11

💡💡💡
According to multiple unverified sources, Do Kwon will be extradited to South Korea.

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07 Mar 2024 14:27

Arkham has reportedly identified BTC holdings of Tesla and SpaceX. Analysts state that Tesla currently holds 11.51k BTC ($780m) across 68 addresses, and SpaceX holds 8.29k BTC ($560m) across 28 addresses.

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07 Mar 2024 13:11

Tether has signed a memorandum of understanding (MOU) with Uzbekistan's National Agency of Perspective Projects to help develop a regulatory framework for crypto assets and support the country's digital currency initiatives.

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07 Mar 2024 12:28

According to court fillings, Gemini and Genesis discussed a potential merger in 2022 to compete with Coinbase and FTX.

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07 Mar 2024 11:22

HashKey Group is reportedly collaborating with the Hong Kong Monetary Authority to discuss CBDC projects.

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07 Mar 2024 09:10

DCG and CEO Barry Silbert move to dismiss NY Attorney General's $3bn fraud lawsuit, disputing allegations and asserting $1.4bn contribution to Genesis post-firm collapses.

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07 Mar 2024 05:48

BlockFi has reportedly settled with FTX and Alameda Estates for $874.5m.

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06 Mar 2024 15:26

According to Kaiko, on March 5th, BTC and ETH spot trading volumes surged across various CEXs, with Binance leading the pack:

⚫️BTC spot trading volume reached $46.25bn, marking the highest since 2021
⚫️Binance dominated BTC trading with $23.84bn, followed by other exchanges like Coinbase, Bybit, and OKX
⚫️ETH spot trading volume exceeded $20bn, with Binance again leading at $10.04bn
⚫️Bybit, OKX, and Coinbase also recorded significant ETH trading volumes

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06 Mar 2024 11:42

Revolut has reportedly launched direct crypto purchases into MetaMask wallets, aiming to simplify Web3 transactions.

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06 Mar 2024 09:52

On March 5th, spot Bitcoin ETFs saw a significant net inflow of $622m, contrasting with heavy outflows from GBTC, totaling $366m.

Notably, BlackRock's iBIT ETF experienced net inflows of $420m.

It is notable that the funds have been purchasing approximately 6,896 BTC on a daily basis, accumulating a total of 103,726 BTC over the past 7 days, marking an unprecedented level of accumulation.

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