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The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news

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Telo News - Crypto | DeFi | Web3

Dragonfly Capital's survey reportedly found US crypto firms offer 13% higher salaries and 30% more in equity and token incentives than foreign counterparts.

According to the survey, a founder can earn $300k when his or her company reaches a Series C stage funding round. An engineer at the executive level can get paid as much as $283k a year, not including equity and token grants.

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Alexey Pertsev reportedly faces a Dutch indictment for laundering $1.2bn via Tornado Cash, with his trial beginning March 26.

The charges, which Pertsev denies, highlight 36 transactions linked to major crypto hacks.

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SBF reportedly argues that the US prosecutors' suggestion of a 40-50 year prison sentence for his role in the FTX collapse, unfairly portrays him as a "depraved super-villain" and skews reality.

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Kyle Davies, 3AC co-founder, showed no regret for its collapse and plans to evade jail, despite the firm's $3.3bn debt to creditors and ongoing legal challenges.

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CoinShares reported that net flows for spot Bitcoin ETFs were negative for the second consecutive day, attributed to heightened outflows from Grayscale and diminished demand for new US ETFs.

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As nations prepare to introduce fiat-equivalent money laundering controls to CBDC transactions, a group of lawmakers in Russia has introduced a bill that would extend money laundering controls to digital ruble transactions.

According to journalists, if this bill is passed, the Central Bank of Russia would receive the main functions of combating money laundering and terrorism financing. The bank would have to assess the risk degree of every platform participant to identify suspicious transactions and would have the authority to block them from accessing digital ruble services.

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The SEC delays Hashdex Ethereum ETF.

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Analysts noted a record outflow from GBTC, with a significant withdrawal of $642.5m in a single day.

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MicroStrategy, following its $603.75m convertible notes offering, purchased an additional 9,245 BTC for approximately $623m, using the proceeds and excess cash, at around $67,382 per Bitcoin, as per CEO Michael Saylor.

As of March 18, 2024, MicroStrategy holds 214,246 BTC, acquired at an average price of $35,160 per Bitcoin, amounting to a total investment of approximately $7.53bn.

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According to analysts, the surge in Bitcoin ETFs, notably BlackRock’s IBIT, seems primarily fueled by retail investors, with average trade sizes around $13k indicating significant nonprofessional interest, contrasting with the typical institutional-driven market movements in financial sectors.

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Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund with $1.5tr under management, is looking at Bitcoin as a potential diversification tool.

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Nigeria reportedly ramped up its investigation into Binance, obtaining a court order for user data disclosure amid accusations of market manipulation and economic instability.

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Indonesia's crypto market reportedly hit $1.92bn in February, with 19m investors.

Positive sentiment from Bitcoin's rise and altcoin rallies drove growth.

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Fidelity filed SEC amendment to allow Ethereum fund traders to stake assets.

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Changpeng "CZ" Zhao, the founder of Binance, announced plans to launch a new nonprofit online education platform called Giggle Academy.

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In Argentina, grappling with 276% inflation, residents are reportedly opting for Bitcoin over traditional dollar-saving methods.

Bitcoin transactions have hit a 20-month peak at the local Lemon exchange, signaling a major shift in financial strategies amid economic turmoil.

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Saudi Arabia is reportedly considering launching a $40bn AI investment fund, potentially making it the largest investor in the AI sector.

The fund, which may partner with venture capital firm Andreessen Horowitz (a16z), aims to invest in chip makers and data centers essential for AI technology and might even initiate its own AI companies.

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Trezor, the hardware wallet manufacturer, announced they experienced a security breach on X despite 2FA security protection. As a result of the hack, the official account of Trezor posted scam posts.

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Bitcoin's Fear and Greed Index has decreased to 74 (Greed) from Extreme Greed following a week of market declines, indicating a potential shift towards market stabilization or possibly foreshadowing increased volatility.

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Bloomberg analyst James Seyffart predicted that spot ether ETFs are unlikely to be approved in May, citing a lack of engagement from the SEC with potential issuers, a shift from the extensive discussions prior to Bitcoin ETF approvals.

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EU legislators have reportedly approved three key parts of a comprehensive anti-money laundering package, which includes strict regulations for crypto service providers, aiming to unify rules across the EU and establish a dedicated anti-money laundering authority.

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Genesis Global Capital has agreed to a settlement with the SEC, involving a $21m penalty and a permanent injunction, for charges related to the unregistered sale of securities via the Gemini Earn crypto asset lending program.

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CryptoQuant CEO Ki Young Ju reported that the Kimchi premium on Bitcoin in South Korea has reached a 3-year peak, with a 10% price difference compared to global rates.

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The SEC seeks an extra $158m to better regulate the unpredictable crypto sector, planning to expand its workforce and manage the surge in related lawsuits.

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Bakkt Holdings reportedly appointed Andy Main as its new CEO and president after facing the threat of being delisted from the NYSE for not meeting listing requirements, with former CEO Gavin Michael moving to an advisory role.

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SBF's legal team has advocated for a reduced sentence of no more than 6.5 years, supported by recommendation letters from his parents, ex-FTX staff, and others, with the sentencing set for March 28.

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The IMF reportedly recommended Pakistan tax crypto gains to fund a $3bn bailout, which may be included in an upcoming bailout package.

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Bloomberg reported Binance's call for stricter checks by prime brokers like FalconX and Hidden Road to prevent American investors, demanding additional customer details and tightening token listing requirements.

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The Bank of Japan officially ended its negative interest rate policy, hiking interest rates for the first time in 17 years and raising its benchmark interest rate from -0.1% to 0%.

The BOJ becomes the world’s last central bank to end negative rates as the country puts decades of deflation behind it. The bank also ended its yield curve control policy.

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