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🗞 November 15, 2024 cryptocurrency news highlights

【Cryptocurrency】
18 US states are suing the SEC for unconstitutional overreach and unfair persecution of the crypto industry under Gary Gensler — Fox Business’s Eleanor Terrett🇺🇸

Economy
Hashkey Group CEO XiaoFeng says the pro-crypto US government that Trump is building could influence China to ease restrictions on 💰Bitcoin and digital assets

Indicators
Bitcoin Surge Drives Deribit to $40.8 Billion Open Interest Peak 🚀

More
Berkshire Hathaway bought 1.27M Domino’s shares, 400K Pool Corp shares, and cut Apple by 100M shares, bringing holdings to $266B in Q3.💣

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Telegram | DID YOU KNOW?

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Unlike Silicon Valley giants such as Facebook and Twitter, which run very public anti-disinformation programs, Brooking said: "Telegram is famously lax or absent in its content moderation policy." Since January 2022, the SC has received a total of 47 complaints and enquiries on illegal investment schemes promoted through Telegram. These fraudulent schemes offer non-existent investment opportunities, promising very attractive and risk-free returns within a short span of time. They commonly offer unrealistic returns of as high as 1,000% within 24 hours or even within a few hours. But Telegram says people want to keep their chat history when they get a new phone, and they like having a data backup that will sync their chats across multiple devices. And that is why they let people choose whether they want their messages to be encrypted or not. When not turned on, though, chats are stored on Telegram's services, which are scattered throughout the world. But it has "disclosed 0 bytes of user data to third parties, including governments," Telegram states on its website. The Security Service of Ukraine said in a tweet that it was able to effectively target Russian convoys near Kyiv because of messages sent to an official Telegram bot account called "STOP Russian War." At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised.
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