Telegram CEO Pavel Durov arrested in France: Law Decoded
The Telegram founder’s unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry.
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Amid FTX collapse, crypto funds see largest inflows in 14 weeks
The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy. 336 Total views 3 Total shares Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX’s and Alameda Research’s bankruptcies. Digital asset investment products saw inflows totaling…

Bitcoin erases May crash losses as BTC price rebounds to $44K
Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash. Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020.Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.comAt least two indicators expected…

Swiss crypto ETP issuer passes $1B assets under management
Swiss crypto ETP issuer 21Shares has increased its managed crypto ETP assets from $500 million to $1 billion in less than two weeks. 2403 Total views 6 Total shares 21Shares, a Switzerland-based provider of cryptocurrency exchange-traded products, or ETPs, has recorded a 100% growth in assets under management over the past two weeks.The company announced…

This is what your email could look like in Web3
Forget about tracking DAO votes, DeFi transactions or data breaches across many channels and platforms. Your Web3 mailbox will handle it for you without requiring your phone number or legacy email address. Instead, your wallet address will receive and organize all this information.At least, these are some of the promises made by Web3 communications companies…

Binance Australia Derivatives license canceled by securities regulator
In February, Binance Australia Derivatives abruptly closed certain derivatives positions and accounts, citing investor classification compliance. 727 Total views 11 Total shares Own this piece of history Collect this article as an NFTThe Australian Securities and Investments Commission (ASIC) has canceled the license of Binance Australia Derivatives after a targeted review of Binance’s operations in…

CoinFlex Receives $10 Million Funding for Bitcoin Futures Settlements
Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round that closed last week.Recent funding and goalAsia-focused newspaper South China Morning Post (SCMP) reported the news on Aug. 26. According to the report, CoinFlex received funding from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital,…

Altcoins are set for one last big rally, but just a few will benefit — Analyst
Altcoins may have just one last rally this cycle, but only those with real utility and strong network activity will see price gains, according to an analyst. “I think there will be one more breadth thrust from altcoins. The question is, is it a sustained rally that we will see for six to twelve months,”

Key Metrics Show Institutional Demand for Bitcoin Is Surging Rapidly
Since early 2020, the institutional demand for Bitcoin (BTC) has been steadily increasing. In the second quarter of this year, data show that the appetite for BTC spiked significantly. According to crypto asset fund Grayscale, its products recorded an inflow of $1.4 billion in capital. The investment firm is best known for the Grayscale Bitcoin…