All the Key Crypto News of the Week

Alright, folks, let's dive into the most important crypto news of the week. From the arrest of Telegram's CEO to the SEC's plans to sue OpenSea, there's a lot to cover. So, buckle up and let's get into it.

The Top 5 Crypto News Stories of the Week

1. Telegram CEO Pavel Durov Arrested

The founder of the messaging service Telegram, Pavel Durov, was arrested in France over the weekend. He was presented to a judge and has since been released on bail, but the legal process against him continues.

In France, the Russian billionaire, who also holds French citizenship, is accused of violating the EU's Digital Service Act. To learn more about the impact of this on Telegram and the crypto space, read our article: "So wirkt der Schlag gegen Telegram auf TON und den Krypto-Space."

2. Crypto Lender Celsius Pays Out to Affected Creditors

Another dark chapter in crypto history is coming to an end. Celsius has completed the payout to its creditors, according to official statements. A total of $2.53 billion was distributed to around 251,000 creditors. However, 121,000 eligible creditors have not yet received their payouts, as they have not successfully applied for them.

Meanwhile, Celsius is also pursuing further legal action. In mid-August, the company sued Tether for $3.4 billion. Read more about it here: "Celsius verklagt Tether auf 3,4 Milliarden US-Dollar."

3. SEC Plans to Sue NFT Marketplace OpenSea

The NFT marketplace OpenSea received a "Wells Notice" from the U.S. Securities and Exchange Commission (SEC) mid-week. The agency believes that the NFTs sold on OpenSea are unregistered securities.

To learn more about the crypto space's reaction to this legal threat, read our article: "Gary wird vor Gericht den Hintern versohlt bekommen."

4. Pro-Crypto Candidate Robert Kennedy Jr. Supports Donald Trump

Pro-crypto candidate Robert F. Kennedy Jr. has thrown his support behind Donald Trump in the presidential race. The independent candidate will suspend his campaign and remove his name from the ballots in ten contested states. Instead, he encouraged his supporters to back Donald Trump in these "swing states."

This move could bring crucial votes to the Republicans in the election. To learn more about the potential impact on the election, read our article: "US-Wahl: RFK Junior unterstützt jetzt die Trump-Kampagne."

5. Bitcoin in El Salvador: Bukele Draws a Balance

El Salvador's President Nayib Bukele expressed disappointment with the adoption of Bitcoin in the country. "Bitcoin has not spread as much as we had hoped," he said in an interview with Time Magazine.

El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021. However, the use of Bitcoin as a payment method has reportedly declined among the population.

The Bottom Line

So, there you have it, folks. These are the top 5 crypto news stories of the week. Whether you're a seasoned crypto investor or just starting out, it's important to stay informed and stay vigilant.

Crypto is a wild and exciting world, but it's also a complex one. So, always do your own research, consult with professionals, and remember that what goes up can also come crashing down.

Disclaimer

Alright, folks, before we wrap up, it's time for the obligatory disclaimer. This article is for entertainment and educational purposes only. It's not financial advice, and I'm not your financial advisor. Always do your own research and consult with a professional before making any investment decisions.

Crypto is a wild and unpredictable beast, and what goes up can just as easily come crashing back down. So, be smart, be cautious, and most importantly, have fun out there. After all, isn't that what life's all about?

Until next time, stay curious, stay informed, and keep your eyes on the prize. The world of finance is waiting, and it's a wild ride. So, buckle up and let's enjoy the journey together.

Happy investing, folks!

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