Redactions Granted in Telegram Case To Protect ICO Participants

Sensitive documents outlining the proprietary investment strategies of Telegram ICO participants have been redacted from the case with the SEC. A U.S. District Judge has approved the majority of redaction requests received during the proceedings surrounding the Securities and Exchange Commission’s (SEC) lawsuit against messaging firm Telegram over its $1.7 billion initial coin offering (ICO). The SEC took action against Telegram in October 2019, filing a temporary restraining order barring Telegram from distributing its tokens. The SEC submitted a cache of documents in support of its temporary restraining order, including…

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Tone Vays Under Fire After Robinhood Suicide Tweet Mix-Up

Bitcoin trader Tone Vays has come under criticism for using the recent suicide of a Robinhood user to promote a $3K trading course on his website. Crypto influencer Tone Vays has come under fire on Crypto Twitter following a mix-up over a  tweet that appeared to show him ‘getting a laugh’ out of the sucide of a 20-year-old Robinhood trader. On June 17, the Bitcoin trader behind The Financial Summit hit reply to a comic “this is business” meme video posted by Twitter user Cryptanzee that was poking fun at…

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Australia’s DeFi Boom: Growing Excitement as New Projects Launch

Australia is experiencing a DeFi boom, with leading derivatives project Synthetix joined by buzzy newcomers Thorchain, Ren and mSTABLE. Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space. They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META). RUNE has increased 167% in the past 30 days, REN is up 36% (mostly in the past week),  and SNX is up 35% — and 2,600% since its lows…

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Phemex CEO Explains Spot Trading Vs. Derivatives Trading — and more!

Phemex co-founder and CEO went live on Cointelegraph’s YouTube channel to answer audience questions on spot versus derivatives trading, and much more! On June 17th, Phemex co-founder and CEO Jack Tao participated in a live “ask me anything” session on Cointelegraph’s YouTube channel. The discussion explored trading the spot market versus trading the derivatives market — and much more.  The audience also asked about why crypto finance is different from traditional finance, what it takes for a blockchain project to get listed on an exchange, and how Phemex is separating…

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Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%

About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious” cash balances provided by a third party with the aim of deceiving the auditor, Ernst and Young, which discovered the scandal during a routine audit. “There are indications that spurious balance confirmations had been provided from the side of the trustee … in order to…

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Experts Say Bitcoin Difficulty Adjustment Might Prompt Miners to Switch Off Again

As the network gets readjusted and Bitcoin mining difficulty increases, older generations of mining machines might be out again. Some Bitcoin (BTC) miners might become unprofitable again as a result of the latest difficulty adjustment.  Earlier this week, the network mining difficulty adjustment saw a 14.95% spike, its largest increase since January 2018. The regular update, which occurs every 2016 blocks, has been pre-coded into the blockchain to keep mining speed at approximately 10 minutes for a block. The latest adjustment might thwart an emerging trend in the mining sector: older…

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Telos to Support Ethereum-Compatible Smart Contracts on Its Network

With the launch of an Ethereum Virtual Machine, Telos is set to enable developers to create and run Ethereum-Compatible smart contracts. Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees. Telos is a smart contract platform that supports the creation of decentralized applications and decentralized autonomous organizations running on EOSIO, the software underlying the EOS blockchain.  As of June 18, the network has launched an Ethereum Virtual Machine (EVM) on its testnet, in what is apparently…

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Hedge Funds, Retail Investors Bought the Dip — Kraken CEO Jesse Powell

Kraken CEO Jesse Powell says the exchange saw a “massive influx” of hedge fund and retail investors as Bitcoin price dropped below $4,000 on March 12. According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000. Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also saw a surge in demand when Bitcoin price dropped to $3,596 on March…

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Coinbase Pro Announces Support for Compound’s DeFi Token COMP

United States cryptocurrency exchange Coinbase Pro announced the listing of COMP, the token powering the decentralized lending protocol Compound. United States cryptocurrency exchange Coinbase Pro announced the listing of COMP, the token powering the decentralized lending protocol Compound. According to a Thursday announcement, COMP trading will start on June 23 at 9 a.m. Pacific Time if the liquidity requirements are met. Furthermore, users will be able to deposit their COMP tokens the day hours before the trading activity is scheduled to start. Trading will start progressively After a sufficient — and…

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An Ethereum Wallet Will Let You Easily Host Your Decentralized Website

MyEtherWallet is adding an integration with IPFS to let its users easily launch websites on the decentralized web, but the network is still quite limited. MyEtherWallet, a well-known Ethereum wallet app, is releasing a feature named “Host Your Own Site” that provides an easy interface for its users to upload a website to the InterPlanetary File System, or IPFS. IPFS-based websites are tied to Ethereum-based domain name services, such as ENS and Unstoppable Domains, which feature either “.eth” or “.crypto” suffixes. The websites are hosted on a decentralized network of…

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