After raising $250 million from a host of mainstream entities such as Huobi, Kucoin and MEXC, TON’s recent global adoption seems to be rapidly increasing. It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON). However, following…
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Russia should deploy cryptocurrencies and CBDCs for settlement and payments with Africa, the president of the Chamber of Commerce and Industry believes. An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies (CBDC). Chamber president Sergei Katyrin sent a letter…
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The evolution of technology means that even the Internet itself will continue to evolve. From Web 1.0 to Web 2.0, we are now just getting started on the next iteration of the Internet – Web 3.0. But even in its development stages, Web 3 already has some security challenges that hackers are taking advantage…
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There is a new Telegram malware dubbed Elcheron, which joins crypto-focused groups in a bid to steal crypto wallets and account credentials, said SafeGuard Cyber. According to the report, the malware is distributed among Telegram groups by a user with the “Smokes Night” handle, who spreads the malware by dropping an infected file into…
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Telegram CEO Pavel Durov is proud that the TON project is “alive and evolving” despite Telegram terminating TON last year. Telegram co-founder and CEO Pavel Durov has expressed excitement about the Telegram Open Network (TON) technology still developing after Telegram officially abandoned the project last year. “I’m proud that the technology we created is alive…
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While Telegram’s token project is dead, the blockchain still lives. TON Labs and China’s Blockchain-based Service Network are collaborating to build applications on the Telegram-built TON protocol. According to an announcement issued on Monday, the partnership grants BSN developers access to TON technology. As with other instances of adapting public networks to the BSN China…
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The Free TON–Dune Network merger represents one of the first decentralized M&A deals. Free TON, a community-driven blockchain promoting decentralized self-governance and freedom of speech, has acquired Dune Network through a community merger mechanism that was recently approved by both camps. An amended Dune community partnership proposal filed in January was approved on Tuesday, bringing…
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Ripple’s CEO Brad Garlinghouse has responded to some of the community’s concerns surrounding the SEC’s $1.3 billion lawsuit against the firm. Ripple CEO Brad Garlinghouse has revealed the firm unsuccessfully attempted to settle its securities violation lawsuit with the SEC, and slammed the “regulatory chaos” around cryptocurrencies. I’m not going to litigate the SEC’s unproven…
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Do the new safe harbors against integration pave the way for a successful SAFT process? Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to…
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