Day: August 25, 2024

The Telegram messaging platform has issued what appears to be its first official statement concerning the detention of its CEO, Pavel Durov. Durov’s status remains unclear as French authorities have so far reportedly refused to cooperate with the Russian embassy. As Cointelegraph previously reported, authorities in Paris are scheduled to give an official statement on Monday, Aug. 26. Telegram’s official statement was posted on Aug. 25 at approximately 12:00PM PST, via the platform’s Telegram News channel. The company expressed its full-throated support for its CEO and wishes for a quick…

Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month as they lost more than $550 million in just three days on August 2, 5, and 6. This coincided with the major crash for BTC as the asset tumbled from over $65,000 to under $50,000…

In the growing tension and uncertainty within Nigeria’s cryptocurrency industry, local crypto stakeholders have voiced strong support for a regulatory framework centered on compliance rather than criminalization.  Obinna Iwuno, former President of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), has emerged as a key advocate for a more balanced and constructive approach to crypto regulation in the country. Plea for a nuanced approach Iwuno argues that Nigeria’s current regulatory approach, which has led to high-profile legal battles and the detention of cryptocurrency executives, is not only counterproductive but…

The US Securities and Exchange Commission has contested Hex founder Richard Heart’s attempt to dismiss its $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. In its opposition brief, filed in a New York federal court on August 22 but dated July 8, the SEC contended that Heart’s motion to dismiss fails to address the well-supported allegations in the complaint and ignores relevant legal standards. Heart had previously argued in his dismissal motion that the regulator lacks authority because he resided abroad and had no presence in the…

Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and…