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Crypto market cap hits $3.1T high, could soon surpass France’s GDP

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP). 

On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500. 

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

France considers ban on crypto betting platform Polymarket

France’s gambling regulator confirmed that it’s currently examining Polymarket and its compliance with French gambling legislation.

France’s gambling regulator is considering banning the cryptocurrency prediction platform Polymarket, which has made headlines on user demand around the 2024 presidential election in the United States.

The National Gaming Authority of France, the Autorité nationale des jeux (ANJ), is investigating Polymarket’s operation and compliance with French gambling laws, Bloomberg reported on Nov. 7.

“We are familiar with this site and are currently examining its operation and its compliance with French legislation on gambling,” a spokesperson for the ANJ confirmed to Cointelegraph.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Pavel Durov and partner reveal miscarriage following arrest

Telegram founder Pavel Durov's arrest has sparked widespread condemnation of the French government for promoting censorship policies.

Telegram co-founder Pavel Durov and his partner Juli Vavilova recently revealed that they learned Juli was pregnant amid the Telegram founder's brief detainment by French authorities, and the couple believes the stress from the ensuing investigation caused a miscarriage on October 4, 2024.

According to a Telegram post from Vavilova, she first became aware of the pregnancy on August 25. Durov's companion described the moment she found out:

On the advice of her doctor, the social media influencer refrained from immediately responding to law enforcement requests for questioning due to the immense stress it would cause during such an early stage of pregnancy. However, Vavilova eventually submitted herself to law enforcement for questioning several weeks later.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Ledger hardware wallet expands crypto buying options with Uphold’s Topper

Topper’s on-ramp entrance to Ledger Live comes at a time when Ledger supports only one off-ramp solution.

Ledger, a leading hardware cryptocurrency wallet provider, is expanding its cryptocurrency purchasing options within its app through a new partnership with Uphold’s Topper.

Ledger has integrated the fiat-to-crypto on-ramp Topper by the United States Web3 financial platform Uphold, the firms announced on Sept. 26.

The integration brings a new crypto-buying option to Ledger’s software, Ledger Live. The application currently features 14 providers offering on-ramp services through the Buy section, Ledger’s vice president of international development, Jean-François Rochet, told Cointelegraph.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Pavel Durov Speaks Out Following Paris Arrest Over Telegram’s Legal Issues

Pavel Durov Speaks Out Following Paris Arrest Over Telegram’s Legal IssuesPavel Durov, founder and CEO of Telegram, made his first public statement after his arrest in Paris. He was questioned by French authorities for four days over claims that he could be held responsible for illegal activities of Telegram users. Durov expressed surprise, citing that Telegram has an official representative for such matters. He pledged […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Durov announces disabling personal geolocation from Telegram

Telegram’s “People Nearby” feature has been suspected of being a way for state authorities to locate and track dissidents.

Telegram founder Pavel Durov revealed in a Sept. 6 announcement that Telegram is cutting certain features from the platform, including media uploads to the platform’s “Telegraph” blog and disabling the “People Nearby” feature.

Durov told his followers that media uploads to the blogging platform were “misused” by malicious actors, explaining that the vast majority of the Telegram community was not abusing these features. However, Durov made it clear that the “0.001% involved in illicit activities” pose a disproportionate risk to the vast majority of law-abiding users on Telegram.

The Telegram co-founder also announced that the individual geolocation tracking would be ditched for a “businesses nearby” option. Durov likewise claimed that this personal geolocation feature was only used by a tiny minority of Telegram users.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Durov announces disabling personal geolocation from Telegram

Telegram’s “people nearby” feature has been suspected of being a way for state authorities to locate and track dissidents.

Telegram founder Pavel Durov revealed that Telegram is cutting certain features from the platform—including media uploads to the platform’s “Telegraph” blog and disabling the “people nearby” feature—in a Sept. 6 announcement.

Durov told his followers that media uploads to the blogging platform were “misused” by malicious actors, explaining that the vast majority of the Telegram community was not abusing these features. However, Durov made it clear that the “0.001% involved in illicit activities” pose a disproportionate risk to the vast majority of law-abiding users on Telegram.

The Telegram co-founder also announced that the individual geolocation tracking would be ditched for a “businesses nearby” option. Durov likewise claimed that this personal geolocation feature was only used by a tiny minority of Telegram users.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Pavel Durov breaks silence for first time since arrest

The Telegram founder is currently prohibited from leaving France and must check in with law enforcement on a weekly basis.

Telegram founder Pavel Durov has finally broken his silence in the first message sent to the public since his high-profile arrest in France in August.

The tech entrepreneur expressed surprise that French authorities arrested him, citing the legal representative Telegram has in France who handles all regulatory requests and inquiries.

Durov, a French citizen, also stated that the French authorities had multiple avenues to reach him without resorting to law enforcement and claimed he was a regular guest at the French Consulate in Dubai.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s Case

UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s CaseThe United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality in regulating social media platforms. United Nations Raises Human Rights Concerns Over Arrest of […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

France Charges Telegram’s Pavel Durov, Sets Bail at €5 Million

France Charges Telegram’s Pavel Durov, Sets Bail at €5 MillionTelegram’s founder and CEO, Pavel Durov, is still in hot water in France, facing multiple criminal charges linked to activities on his messaging platform. The French court reportedly set his bail at €5 million, and he’s now prohibited from leaving the country. French Authorities Charge Telegram CEO Durov After Durov was taken into custody last […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K