This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and SxT Labs’ fundraising.
After weeks of relative quiet in the crypto industry, several events have once again pushed the sector into the spotlight. Telegram CEO Pavel Durov’s arrest in France, followed by his release four days later, has drawn global attention to Telegram’s operations worldwide.
French authorities charged Durov with complicity in illegal activities, including refusal to communicate with authorities, money laundering, criminal association and providing cryptology services without prior declaration.
His arrest has triggered a new investigation into Telegram’s operations in India, raising concerns about the broader business impact on the messaging app worldwide.
