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06 Dec 2024 17:10

Ethereum exceeded $4,000 for the first time since March this year.

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06 Dec 2024 14:23

Bill Dudley, former president of the Federal Reserve Bank of New York, expressed concerns that incorporating Bitcoin into the U.S. national reserves could undermine the dollar's status as the global reserve currency and primarily benefit specific interest groups rather than the broader American public.

He emphasized that such a move might not align with the nation's best interests and could divert focus from more inclusive economic policies.

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06 Dec 2024 09:29

A ChainPlay report revealed that 93% of GameFi projects died, marking it as the sector with the highest failure rate. Other highlights include:

⚫ GameFi projects last an average of just four months
⚫ 58% of VCs lost between 2.5% and 99% investing in the sector
⚫ On average, GameFi projects fell 95% from all-time high prices.

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06 Dec 2024 07:44

Donald Trump announced the nomination of David Sacks, a podcaster, former PayPal COO, and founder of Yammer, as his White House AI and crypto czar.

Sacks, a Silicon Valley insider and venture capitalist, hosted a high-dollar fundraiser for Trump in June in his mansion, raising over $12m.

Known for his podcast "All-In," Sacks is closely associated with Elon Musk and supported Musk's efforts to acquire Twitter.

Sacks will lead the science and technology advisory council, focusing on AI and crypto policy, aiming to promote American competitiveness.

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05 Dec 2024 16:56

Spot crypto exchange volume surged to $2.7tn in November, the highest since May 2021, driven by Bitcoin and Ethereum futures reaching $2.59tn and $1.28tn respectively.

The rally followed Donald Trump’s reelection, Bitcoin’s near $100k milestone, and regulatory optimism spurred by SEC Chair Gary Gensler's resignation.

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05 Dec 2024 09:49

The UK's National Crime Agency (NCA) has disrupted billion-dollar Russian money laundering networks, Smart and TGR, which facilitated crimes such as drug trafficking, ransomware, and Russian espionage, leading to 84 arrests and the seizure of over £20m in cash and cryptocurrency.

Ekaterina Zhdanova, alleged leader of the Smart Group, played a key role in laundering funds for Russian elites and cybercriminals, using complex schemes to move illicit money through cryptocurrency and bypass sanctions.

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05 Dec 2024 09:05

Bitcoin's became the worlds’s 10 largest asset by market capitalization, surpassing Australian dollar and Swiss franc.

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05 Dec 2024 05:37

Circle announced that USDC became the first stablecoin to meet Canada's Value-Referenced Crypto Asset (VRCA) listing requirements, allowing it to continue operating after the country's December 31, 2024 compliance cutoff.

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05 Dec 2024 05:02

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Bitcoin surpassed $103,000, reaching a new all-time high.

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04 Dec 2024 20:40

FED Chair Jerome Powell stated that Bitcoin "is a competitor with Gold, not the U.S. Dollar."

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04 Dec 2024 20:09

Digital ruble transactions will be integrated into Russia's federal budget system starting next year, with nationwide implementation planned by July 1, 2025.

Additionally, efforts are underway to enhance international ruble transactions, optimize remote client identification, and establish a flexible tax registration system for non-residents to support businesses and reduce costs.

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04 Dec 2024 19:05

Donald Trump has confirmed that Paul Atkins will be the new SEC Chair, replacing Gary Gensler.

In the statement, Trump added that Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”

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Telo News - Crypto | DeFi | Web3

04 Dec 2024 09:34

Tron (TRX) surged by 95% in the past 24-hours from $0.22 to over $0.43, reaching a new all-time high, amid broader altcoin surge.

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04 Dec 2024 08:45

Data shows that USDT supply on the TON blockchain grew over 10x since May from $100m to $1.2bn.

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04 Dec 2024 07:26

Bitcoin dominance dipped over 10% to 55.24%, down from its November 2024 top of 61.53%. Declining BTC dominance has paved the way for the altcoin season, with over 75% of the top 100 altcoins consistently outperforming Bitcoin.

The altcoin season index has also surged to 88 points, signaling the start of alt-season.

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06 Dec 2024 14:29

The Czech Republic's parliament has unanimously decided to exempt Bitcoin holdings of over three years from capital gains tax, encouraging long-term investment in the cryptocurrency.

This policy aims to create a more favorable environment for crypto investors, positioning the country as an attractive destination for crypto activities and investments.

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06 Dec 2024 11:23

According to the data, in South Korea, 93% of cryptocurrency transactions are in altcoins, and only 4% are in Bitcoin. In contrast, in the U.S., Bitcoin accounts for 29.5%.

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06 Dec 2024 09:17

The SEC has notified at least two of the five potential Solana ETF issuers that it will reject their 19b-4 filings.

The SEC will not consider any applications for new cryptocurrency ETFs under the current White House administration.

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06 Dec 2024 06:07

Over $1bn was liquidated in the crypto market over the past 24 hours as Bitcoin saw extreme fluctuations, surging to a new all-time high before dropping to the upper $89,000 level, then eventually recovering to $97,000.

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05 Dec 2024 14:31

President-elect Donald Trump congratulated Bitcoin enthusiasts as Bitcoin surpassed the $100,000 mark, attributing the surge to his pro-crypto policies.

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05 Dec 2024 09:31

Ripple clarified it won't launch its RLUSD stablecoin today as it still awaits final approval from the NYDFS.

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05 Dec 2024 07:17

Robinhood will expand in Asia in 2025, building its APAC office in Singapore.

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05 Dec 2024 05:15

Over $640m was liquidated in the crypto market over the past 24 hours as Bitcoin surpassed $100,000.

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04 Dec 2024 21:01

As of December 4, 2024, Hong Kong-listed Meitu has sold its entire cryptocurrency portfolio, comprising approximately 31,000 ETH and 940 BTC, realizing a total profit of $79.63m.

The company plans to allocate about 80% of the proceeds from these sales to distribute special dividends to its shareholders.

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04 Dec 2024 20:35

India has identified $97m in unpaid goods and services taxes (GST) from crypto exchanges, including Binance, WazirX, CoinDCX, and CoinSwitch Kuber, with $14m already recovered.

While most firms have paid their dues, Binance has yet to settle its $85m tax evasion liabilities, according to India's Minister of State for Finance.

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04 Dec 2024 19:34

Trading volume on centralized cryptocurrency exchanges (CEXs) hit all-time highs in November, with volumes surging 101% to $10tr across spot and derivatives markets.

Monthly spot trading volumes on CEXs soared by 128% to $3.43tr, marking the second highest monthly total since the previous peak in May 2021.

The surge, driven by a shift in market sentiment post-U.S. presidential election, saw investors and traders rush to capitalize on digital assets' positive price action, anticipating a more favorable regulatory environment under the new administration.

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04 Dec 2024 11:37

Binance's BNB has risen by about 20% in the past 24 hours, reaching a record high of $781. Its market capitalization has surpassed that of Solana (SOL), positioning it as the fifth-largest cryptocurrency.

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04 Dec 2024 09:18

Solana outpaced Ethereum by nearly 2x, driven by a memecoin boom and a strong price rally. Base also solidified its position among the leaders.

Top 15 chains by DEX trading volume in November 2024:

⚫️Solana: $129bn
⚫️Ethereum: $70.6bn
⚫️Base: $45.7bn
⚫️BNB Chain: $35.3bn
⚫️Arbitrum: $33.6bn
⚫️Polygon: $8.8bn
⚫️Avalanche: $7.9bn
⚫️Sui: $7.8bn
⚫️Optimism: $5.0bn
⚫️Dexalot: $3.1bn
⚫️Mantle: $2.2bn
⚫️TRON: $2.1bn
⚫️TON: $1.2bn
⚫️Aptos: $1.1bn
⚫️Blast: $924m

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04 Dec 2024 08:05

Tether's USDT stablecoin market cap hit a new all-time high of $135bn.

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04 Dec 2024 07:14

Stanislav Moiseev, the founder of the online black market and crypto mixing service Hydra which took in over $5bn worth of crypto during its operation, has been sentenced to life in prison by a Russian court.

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