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Telegram CEO Pavel Durov spoke out publicly for the first time since his arrest.
The CEO, who was arrested in Paris last week, claimed in a Telegram message to his channel that he was interviewed for four days after arriving in France.
“I was told I may be personally responsible for other people’s illegal use of Telegram, because the French authorities didn’t receive responses from Telegram,” Durov said.
He said that prior to the interrogation, he hadn’t received prior warning from the authorities about the inquiries, and neither had Telegram’s official point of contact in the European Union for such requests.
Read more: Telegram CEO indicted in France
“As a French…
Read more on Blockworks
Cryptocurrency markets are trading lower as spot Bitcoin ETFs witnessed a total net outflow of $37.2 million, marking it the sixth consecutive day of net outflows.
CryptocurrencyPriceGains +/-Bitcoin BTC/USD$56,274.68-2.8%Ethereum ETH/USD$2,376.69 -2.9%Solana SOL/USD$129.24-2.9%Dogecoin DOGE/USD$0.09784-0.3%Shiba Inu SHIB/USD$0.00001318-1.3%
Notable Statistics:
IntoTheBlock data shows a 7% fall in large transaction volume and transactions greater than $100,000 narrowed from 9,458 as of Sep. 3 to 8,371 as of Sep. 4. Exchanges netflows dropped by around 75%.
Coinglass data noted 31,860 traders were liquidated in the past 24 hours as total liquidations stood at $81.24… Read more on Benzinga
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Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:
What to watch for when perhaps the most important jobs report of the year drops tomorrow.
Trump’s mention of crypto (and a task force proposal) during a speech at the Economic Club of New York.
A look at the Fed’s cease-and-desist order that a crypto advocacy group is “investigating.”
What to expect before the most important jobs report of the year
Tomorrow will…
Read more on Blockworks
On a 100°F evening in Phoenix, crypto enthusiasts from Arizona came out with gusto for the first night of the America Loves Crypto tour.
The tour, organized by the Stand With Crypto Alliance, a non-profit on a mission to get America’s 52 million crypto owners out to the polls in November, will roll through five swing states in the coming weeks, bringing awareness to the importance of voting for candidates who support pro-crypto policies in the upcoming US elections.
On this evening in Arizona, politicians such as Senator Kyrsten Sinema (I-AZ) and Arizona House Speaker Pro Tempore Travis Grantham (R) spoke to the audience alongside crypto industry founders before making way for the…
Read more on BitcoinMagazine
The daily net flow of Bitcoin ETFs in the U.S. showcases significant activity among major funds as of September 5, 2024. The BlackRock IBIT ETF leads with a staggering 357,509 BTC under management, maintaining a neutral position with no net inflow or outflow on this date.
Grayscale’s GBTC, another significant player, shows a net outflow of 878 BTC, indicating some movement away from the fund. Conversely, the Bitwise BITB ETF experienced a positive net inflow, adding 164 BTC to its holdings.
Other notable funds like the Fidelity FBTC and VanEck HODL ETFs saw declines of 131 BTC and 57 BTC respectively. This variation in net flows highlights differing investor behaviors and market sentiments towards these investment vehicles.
The total holdings across all listed Bitcoin ETFs amount to 904,346 BTC, with a cumulative net outflow of 902 BTC, reflecting a slight decrease in holdings valued at approximately $50.98 million. This daily snapshot provides a clear view of the shifting landscape in Bitcoin investments within U.S. ETFs.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Former President Donald Trump on Thursday doubled down on his promise to make “America the world capital for crypto and bitcoin.”
“I’m pledging today that in my second term, we will eliminate a minimum of 10 old regulations for every one new regulation,” Trump said during an address at the Economic Club of New York Thursday afternoon.
“We’ll be able to do that quite easily, actually, and instead of attacking industries of the future, we will embrace them.”
Read more: Memecoin taxes and NFT royalties are paying off for Trump
The Republican presidential nominee added that he intends to create a new task force dedicated to making federal agencies more “efficient”…
Read more on Blockworks
In an exclusive interview with Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation (HRF), Venezuelan opposition leader María Corina Machado discussed Bitcoin’s vital role in combating Venezuela’s economic collapse and authoritarianism. The interview, first published on Bitcoin Magazine, highlights the catastrophic impact of hyperinflation caused by the Chávez and Maduro regimes, which have devastated the Venezuelan bolívar.
Machado noted that under Chávez and Maduro, the bolívar has lost 14 zeros, with inflation skyrocketing to 1.7…
Read more on BitcoinMagazine