Tag Archives: Pavel Durov

Bitcoin

Telegram Under Ban Threat In Indonesia For Alleged Pornography & Gambling, TON Price Dive Deepens

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Following the latest arrest of Telegram CEO Pavel Durov in France, the messaging platform is dealing with escalating authorized challenges throughout a number of nations. Native media stories point out that Indonesia is considering a ban on Telegram as a consequence of its alleged facilitation of pornography and on-line playing actions.

International Scrutiny On Telegram

Based on a native media report, Indonesian Communication and Informatics Minister Budi Arie Setiadi has voiced sturdy considerations, stating that the Ministry has already warned Telegram about its content material moderation practices. 

Per the report, Minister Budi Setiadi emphasised that if proof of unlawful content material is confirmed, the federal government would take decisive motion to dam the platform.

This intensifying authorized scrutiny comes on the heels of a troubling incident in Central Java, the place a 20-year-old resident, recognized as “MAFA,” was arrested for allegedly managing a baby pornography group on Telegram. The Indonesian authorities are reportedly monitoring the platform for additional violations.

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In France, Durov’s authorized troubles have deepened since his arrest at Le Bourget Airport. The Paris prosecutor’s workplace has reported that he faces 12 critical fees, together with complicity in youngster pornography gross sales, drug trafficking, fraud, and failure to cooperate with investigations. 

Durov has since been granted bail beneath strict circumstances: he should pay €5 million, report back to police twice per week, and stay inside French territory. Paris prosecutor Laure Beccuau confirmed that there are ample grounds to analyze Durov on all fees associated to his preliminary arrest.

Nevertheless, the authorized challenges for Telegram lengthen past France and Indonesia, because the Indian authorities has additionally launched an investigation into the platform. 

As reported by NewsBTC, authorities in India are inspecting claims that Telegram is getting used for prison actions, together with extortion and playing. Just like investigations underway in France and Indonesia, the messaging platform might face potential bans in these nations.

TON Worth Continues To Wrestle

Toncoin (TON) plunged about 20% after Durov was arrested outdoors Paris on August 24, earlier than paring a few of these losses. TON’s whole worth locked (TVL) has fallen to $357 million from a excessive of $769 reached in July, in accordance to knowledge supplier DefiLlama. 

Within the wake of this value crash, sure Toncoin supporters perceived a possibility amidst the chaos. DWF Labs, a crypto market maker with a stake within the token, seized the second to take a position “tens of millions” of {dollars} in Toncoin following the decline, as confirmed by co-founder Eugene Ng to Bloomberg. 

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Regardless of the efforts to stabilize Toncoin’s worth, the cryptocurrency has struggled to regain its footing. The TON value has continued its downward trajectory, exhibiting no indicators of restoration with an additional 1% drop within the 24-hour timeframe. The token has sustained substantial losses over the previous month, amounting to just about 17%, at the moment buying and selling at $5.54.

In case of additional value retracements, bullish buyers might want to hold an in depth eye on the $5.15 and $4.87 marks, the most important assist ranges for the token on its each day TON/USDT chart.

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The each day chart reveals TON’s value trending downwards. Supply: TONUSDT on TradingView.com

Featured picture from DALL-E, chart from TradingView.com

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TON-Based Memecoin Becomes Largest Gainer With 30% Jump

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Regardless of adversarial market circumstances, canine (DOGS) noticed a big value bounce within the final 24 hours. The token, launched on The Open Community (TON), noticed a 34% surge amid the market volatility and the blockchain’s latest outage. Its efficiency propelled the value to a market cap above $800 million, fueling a bullish sentiment amongst traders.

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TON-Based mostly Memecoin Takes The Market By Storm

DOGS is a TON-based memecoin centered round a canine mascot, “Spotty,” created by Telegram’s founder, Pavel Durov. The venture lately introduced a large airdrop and itemizing on main crypto exchanges, together with Binance, OKX, and Bybit.

The DOGS airdrop would supply eligible customers 440 billion tokens out of the 550 billion token provide. 81.5% of DOG tokens have been allotted to the neighborhood, with 73% reserved for “Telegram Ogs, who earned DOGS within the app.”

The remaining 4.5% would reward merchants, sticker creators, and future neighborhood members. Moreover, 10% of the provision was allotted for the venture’s staff and future growth, whereas 8.5% was reserved for liquidity on CEXs and DEXs, and listing-related occasions.

After the itemizing on August 26, a number of crypto exchanges confronted technical issues as a consequence of an “unprecedented surge in consumer exercise.” The excessive on-chain exercise quickly disrupted the exchanges’ operations.

The exercise improve additionally affected the Telegram Pockets. As introduced on the Pockets’s Telegram channel, the launch “created fairly a buzz,” quickly unavailable the platform’s alternate function.

The DOGS Group channel mentioned the launch was “melting TON infrastructure.” The airdrop was additionally linked to TON’s overload on August 27. The neighborhood reported that the blockchain disrupted block manufacturing for roughly seven hours.

The TON Basis defined that the community overload was associated to DOG’s large variety of transactions. The community registered over 20 million transactions within the earlier two days. This resulted in “rubbish assortment overloading most of the validators for sufficient time for them to lose consensus.”

DOGS Turns into The Largest Gainer In 24 Hours

The TON community points have been accompanied by a market retrace on Tuesday, which brought about the trade to dip by over 7%. The crash brought about Bitcoin (BTC) to lose its assist above the $60,000 mark and dive straight to the $58,000 vary.

Whereas most cryptocurrencies adopted the drop, DOGS remained unfazed by the adversarial market circumstances. Altcoin Sherpa highlighted that the token “didn’t transfer amidst all of the volatility.”

Amid the turmoil, the brand new memecoin sensation hovered between the $0.00115-$0.001125 value vary. The token noticed a optimistic value motion following the community’s restoration.

DOGS noticed a exceptional 33.6% value bounce within the early hours of Wednesday, going from the $0.00125 mark to the $0.00167 value vary. After this efficiency, the memecoin turned the most important gainer among the many high 100 cryptocurrencies within the final 24 hours.

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Moreover, it soared to a market capitalization above $843 million, making it the 92nd largest token by this metric. Since then, the cryptocurrency has retraced to a market cap of $800 million and a buying and selling value of $0.00159.

DOGS’ efficiency within the two-day chart. Supply: DOGSUSDT on TradingView

Featured Picture from X.com, Chart from TradingView.com

Bitcoin

Telegram Faces Indian Probe Following Durov’s Arrest In France: TON Plummets 20%

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The Indian authorities has launched an investigation into the social media platform Telegram over issues that it’s getting used for legal actions resembling extortion and playing. The probe follows the arrest of the app’s CEO Pavel Durov in France over the weekend.

Telegram Faces Potential Ban In India

In response to current studies by Indian media shops, the investigation is being led by the Indian Cyber Crime Coordination Centre underneath the Ministry of Dwelling Affairs and the Ministry of Electronics and Data Know-how.

The report notes that Telegram boasts over 5 million registered customers in India, making it one of many nation’s most generally used messaging platforms. 

Nevertheless, the federal government’s issues stem from allegations that the app’s peer-to-peer communication options have been allegedly exploited by “dangerous actors to facilitate illicit actions.”

The truth that Telegram doesn’t have an workplace in India is reportedly complicating the federal government’s efforts to control and examine the platform, regardless of the app’s compliance with India’s Data Know-how (IT) Guidelines.

Studies recommend that the app may even face a possible ban in India relying on the findings of the investigation.

Durov Accused Of Permitting Felony Actions

The investigation in India has taken on added significance following the detention of Durov on the Paris-Le Bourget Airport on Saturday, as reported by Bitcoinist. 

Durov, who holds citizenships in Russia, France, the United Arab Emirates (UAE), and St. Kitts and Nevis, is reportedly being accused of failing to curb legal actions on his platform within the European nation.

The French authorities have advised that Telegram’s encryption instruments have allowed criminals to “flourish” on the app. Nevertheless, Telegram has pushed again, insisting that the corporate complies with European Union (EU) legal guidelines and content-moderation insurance policies, and calling the claims “absurd.”

The arrest has reportedly sparked a backlash from Russian politicians, with some suggesting that it could possibly be “politically motivated.” Russia’s prime human rights official, Tatyana Moskalkova, claimed that French authorities arrested Durov as a result of they need to shut down the censorship-free platform.

Toncoin (TON) Worth Tumbles

Amid these mounting authorized troubles for the messaging app, Toncoin (TON), the cryptocurrency initially developed by Telegram, has seen losses of over 20% within the seven-day time-frame and is presently buying and selling at $5.39. 

Nevertheless, in a 24-hour time-frame, the token has additionally seen a worth drop of practically 8%, additional demonstrating the bearish sentiment surrounding the TON worth amongst buyers after the information broke over the weekend. 

CoinGecko knowledge additionally exhibits that the token has additionally seen a 66% drop in buying and selling quantity and a 34% hole from its all-time excessive reached in June this yr. 

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Featured picture from DALL-E, chart from TradingView.com

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Toncoin (TON) Falls By 15% Following Telegram CEO’s Arrest

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The value of cryptocurrency Toncoin (TON) has skilled a steep decline following stories of the arrest of Telegram CEO Pavel Durov. Toncoin has been one of many best-performing digital property in 2024, nonetheless, the altcoin has confronted a moderately turbulent interval within the final two months.

Toncoin Reacts To Telegram CEO’s Detention

Based on French supply TF1 TV on Saturday, Telegram founder and CEO Pavel Durov was arrested on the Le Bourget airport in France after alighting from his personal jet. 

Durov, a 39-year-old Russian-born Emirati, has been reportedly detained resulting from a “lack of management” on Telegram which French authorities consider has fostered the expansion of felony actions on the messaging app.  Up to now, this arrest has drawn a lot criticism from the tech neighborhood together with many crypto customers who’ve described such motion because the French authorities trying to power censorship on a free social media platform. 

Notably, Toncoin, the native token of The Open Community (TON) and a cryptocurrency built-in with the Telegram app recorded a 15.67% decline in market worth following information of Durov’s arrest. 

Toncoin, which was to be initially launched by Telegram earlier than an intervention by US regulators, performs numerous essential roles within the messaging app in compensating builders, shopping for advertisements, and even buying a premium subscription.  Subsequently, the bearish sentiment generated by the Telegram CEO’s detention pulled TON’s market worth to as little as $5.52, a worth stage final seen in early August. Nonetheless, the altcoin seems to have discovered some stability because it gently strikes upwards into the $5.70 zone. 

As earlier said, TON has been some of the worthwhile property in 2024, thus this worth dip might not entice a lot concern from long-term traders. 

Based on knowledge from CoinMarketCap, TON gained by over 240% within the first six months of 2024 reaching an all-time excessive of $8.24, alongside a placement within the prime 10 cryptocurrencies primarily based on market cap. Whereas the altcoin has not proven comparable progress ranges in Q3 2024, the constant progress in on-chain metrics e.g. lively community customers spell an increase in curiosity which might considerably have an effect on worth progress.

TON Community Calls For Calm Amidst Durov Arrest

Commenting on Pavel Durov’s sudden arrest, the administration of The Open Community has assured all customers the blockchain stays useful whereas affirming assist for the embattled Telegram CEO. With a web-based protest already taking place on the X social media platform, the TON administration has additionally referred to as for a peaceful and united method to partaking authorities and resolving the matter at hand.

On the time of writing, TON trades at $5.72 with an astounding 504.56% improve in day by day buying and selling quantity. TON ranks because the ninth largest cryptocurrency with a market cap of $1.57 billion.

Associated Studying: Crypto Analyst Says Telegram-Based mostly Notcoin Is Prepared To Fly, Right here’s How Excessive

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