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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.

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

Featured picture from DALL-E, 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

Bitcoin

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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Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars

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Toncoin, the brainchild of messaging app large Telegram, is making waves within the cryptocurrency world. A current report by CryptoQuant, a number one crypto evaluation platform, has recognized Toncoin as one of many fastest-growing blockchain networks. Whereas established giants like Bitcoin reign supreme in each day transaction quantity, TON’s development metrics paint a compelling image of a community poised for a breakout.

Transaction Velocity: A David-Vs-Goliath Story

Whereas Bitcoin processes a staggering $50 billion each day in transactions, TON’s each day quantity sits between $5-$10 billion. This, at first look, may look like a David-and-Goliath state of affairs. Nevertheless, there’s an important element to think about: TON is just 4 years outdated, a mere pup in comparison with Bitcoin’s seasoned presence. This speedy climb in transaction quantity for such a younger community suggests a rising urge for food for TON’s capabilities, significantly for facilitating massive transfers of digital property.

Crypto evaluation reveals a tenfold improve in TON token holders over the previous yr, skyrocketing from 2.9 million to over 30 million. This surge in consumer adoption suggests a rising belief within the community and will doubtlessly pave the best way for a extra sturdy and vibrant TON ecosystem. A bigger consumer base interprets to a wider pool of developer expertise, elevated alternatives for innovation, and finally, a stronger community impact that draws much more customers.

Messaging App Integration: A Catalyst For Crypto Adoption?

The distinctive benefit TON possesses lies in its connection to Telegram, probably the most well-liked messaging apps globally, boasting over 900 million customers. This integration has the potential to be a game-changer for crypto adoption.


Challenges Forward For Toncoin

Nevertheless, there are nonetheless hurdles to beat. The regulatory panorama surrounding cryptocurrencies stays complicated, and TON might want to navigate these challenges to realize mainstream adoption. Moreover, questions linger in regards to the scalability of the TON community. Can it deal with the huge inflow of customers that Telegram’s integration may convey?

In the meantime, as TON boasts spectacular development in customers and transaction quantity, its token worth hasn’t fairly mirrored this enthusiasm. Within the final 24 hours, TON has dipped 0.5%, and over the previous week, it’s down 10.4%.

Featured picture from California Enterprise Journal, chart from TradingView

Bitcoin

TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential

Enterprise capital agency Pantera Capital has invested considerably in The Open Community blockchain. The information, introduced on Thursday, resulted in a 9% surge within the community’s native token, Toncoin (TON), pushing its worth above the $5 mark.

Pantera Capital Bullish On TON And Telegram Integration

In a assertion, Pantera Capital expressed enthusiasm about their newest funding in TON. The Layer 1 community, initially conceived by Telegram and continued by the open-source neighborhood, can doubtlessly introduce cryptocurrency to the lots because of its intensive utilization throughout the Telegram community. 

Telegram, utilized by over 900 million month-to-month lively customers, is thought for private and group communication, neighborhood constructing, content material sharing, and extra. Pantera Capital believes that by leveraging Telegram’s huge consumer base and consumer expertise, mixed with TON’s rising ecosystem, the community might turn out to be one of many largest within the cryptocurrency house. Pantera’s announcement additional reads:

We at Pantera Capital are thrilled to announce our newest funding in TON, a Layer 1 community initially designed by Telegram and continued by the open-source neighborhood.  We consider TON has the capability to introduce crypto to the lots as a result of it’s used extensively throughout the Telegram community. 

The combination of TON with Telegram aligns with the platform’s imaginative and prescient of offering a “seamless” and “borderless” expertise for peer-to-peer (P2P) funds inside its consumer base. 

Tether’s Integration With The Open Community

As beforehand reported by NewsBTC, Tether, the corporate behind the most important stablecoin available in the market, USDT, not too long ago introduced the launch of its USDT dollar-pegged token and Tether Gold (XAUT) on The Open Community. 

This integration additional will increase the potential for P2P funds inside Telegram’s intensive consumer base, a prospect that Pantera Capital goals to capitalize on.

Along with the funding in TON, Pantera Capital is actively pursuing the launch of a brand new fund, Pantera Fund V, to lift over $1 billion. This fund goals to offer buyers with various funding choices throughout the blockchain asset spectrum, encompassing startup fairness, early-stage tokens, and liquid tokens.

The brand new fund has established a minimal funding threshold of $1 million for certified buyers, and the primary shut is scheduled for April 1, 2025. 

Insiders aware of the matter have indicated that Pantera Fund V is anticipated to succeed in the same measurement as its predecessor, which efficiently amassed roughly $1.25 billion in capital two years in the past.

TON
The every day chart exhibits TON’s value trending upwards. Supply: TONUSD on TradingView.com

Following the disclosure of Pantera Capital’s funding in The Open Community, the value of TON skilled a notable 9% surge on Thursday, reaching a present buying and selling value of $5.09. This improve comes after a major value decline, with TON dropping as little as $4.6 after reaching its all-time excessive (ATH) of $7.65 in mid-April.

Featured picture from Shutterstock, chart from TradingView.com 

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