US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt

The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering. Per an Oct. 11 press release, the SEC has filed an emergency action and restraining order against Telegram and the Telegram Open Network (TON) in a complaint with Manhattan court. The allegations The full complaint alleges that Telegram and TON did not register their sale of GRM tokens, which the SEC considers securities and which, therefore, require registration with the SEC according to the Securities Act of…

Security Token Firm Taps German Developer’s $7 Billion Property Pipeline

Blockchain firm Fundament has landed German real estate giant Bauwens as a strategic investor with $7.35 billion of projects to jumpstart its asset tokenization business. Fundament CEO Thomas Ermel told CoinDesk that Bauwens acquired 15 percent stake of the firm in cash in September after beginning negotiations for a partnership in May. Founded in 2017, the Berlin-based blockchain firm issues security tokens on ethereum blockchain to raise money for real estate development. The company’s $280 million real estate bond token sale opens for both institutional and retail investors on Oct.8. The…

Nearly $10 Billion in BTC Is Held in Wallets of 8 Crypto Exchanges

Almost 7% of the entire circulating supply of Bitcoin (BTC) is held in the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst. “Exchanges are the biggest HODLers” On Oct. 8, the Token Analyst wrote that, throughout Bitcoin’s history, the amount of the world’s most popular crypto coins on exchange wallets has consistently been increasing. The Twitter account, which provides real-time and historical blockchain data, estimated close to 1.2 million coins is currently held in the wallets of eight major exchanges — with the Token Analyst describing…

Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

Online payments processor Stripe has raised another $250 million in a new funding round, which pushes its pre-money valuation to a whopping $35 billion. Total funding in the billions On Sept. 19, Stripe announced the additional funding was sourced from investors including venture capital firms General Catalyst, Sequoia and Andreessen Horowitz. Coming from a $9.2 billion valuation in 2016, San Francisco-based Stripe was valued at $22.5 billion after raising $245 million in the beginning of 2019. Overall, the U.S. fintech startup has raised roughly $1.2 billion since its inception. The company, also…

The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters – CCN.com

The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo.  This emergency measure hasn’t been used at scale for a decade, since the last financial crisis. It’s a reminder of the central banks’ power to artificially expand the money supply and devalue your money. This is why bitcoin, with its capped supply and strict, predictable output, matters. What is the repo operation? In simple terms, the central bank prints $75…

Blockchain Devices Market to Grow to $1.285 Billion by 2024

The blockchain devices market is expected to grow by 42.5% at a compound annual growth rate (CAGR) by 2024, according to a recent research by intelligence and market research platform MarketsandMarkets. On Sept. 12, MarketsandMarkets released a report dubbed “Blockchain Devices Market by Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, POS Devices, & Others), Connectivity (Wired & Wireless), Application (Personal & Corporate), and Geography – Global Forecast to 2024.” The company suggested that the blockchain devices market will see a 42.5% CAGR in coming years, to reach $1,285 million…

Blockchain in Healthcare Market to Surpass $1.6 Billion by 2025

The value of the blockchain technology in healthcare market is expected to surpass $1.6 billion by 2025, according to global market research and consulting firm Global Market Insights. In a press release published on Sept. 9, Global Market Insights estimated that the blockchain in healthcare market will grow due to a number of factors such as the implementation of government initiatives and increasing investment in the field. Growth factors for blockchain in healthcare Examination of medical outcomes, interoperability of health data and cost component reductions will further impact blockchain adoption,…

Apple Hint, XRP Dump, Mystery $1 Billion Transfer: Hodler’s Digest, Sept. 2–8

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ripple transfers 500 million XRP from its escrow wallet Ripple turned heads this week when data from Whale Alert suggested the fintech startup has transferred 500 million XRP tokens from its escrow wallet — funds worth $130 million. This isn’t the first time that the…

Bitcoin Whale Moves a Cool Billion Dollars for a Mere $700 Fee — CCN Markets

Someone just moved $1 billion in bitcoin to an unknown wallet. | Source: Shutterstock On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com) The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the holdings remain unclear. $1 Billion+ $BTC was transferred in…

North Korea Denies It Stole $2 Billion From Crypto Exchanges and Banks

North Korea is denying accusations of obtaining $2 billion through hacking banks and cryptocurrency exchanges. North Korea accuses the United States of spreading rumours On Sept. 1, the country’s official state media, the Korea Central News Agency (KCNA) denied allegations of massive theft by North Korean agents.  As Cointelegraph previously reported, the United Nations Security Council North Korea sanctions committee said that “Democratic People’s Republic of Korea cyber actors were raising money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two…