Cryptocurrency price declineToncoin“More than 10% in the cryptocurrency market after news of the arrest of Telegram founder Pavel Durov in France, and the price of the currency was also affected Notcoin“According to trading data.”
According to trading data, “Toncoin price fell by 11.71% to $5.9933; Notcoin price fell by 5.48% to $0.01069.”
Both cryptocurrencies are linked to the TON blockchain project of Russian-born businessman Pavel Durov.
“The Open Network (TON) is a completely decentralized, extremely fast, and theoretically capable of handling several million transactions per second. Known to be highly scalable and secure, TON was initially launched by social media giant Telegram in 2018 with the goal of democratizing in-app payment.”
According to the information, “After raising the necessary funding of $1.7 billion during the ICO (Initial Coin Offering) and some problems with the SEC (US Securities and Exchange Commission), Telegram distanced itself from the project in order to grant guardianship to the TON Foundation. After that, the TON Foundation raised nearly $250 million from famous investment funds such as Kucoin Venture and Mexico Pioneer, which heralded great enthusiasm for the project.”
According to Russia Today, “In fact, TON wants to be able to accommodate millions of users on its network. To do this, TON is adopting a multi-network architecture, in order to achieve the goal of mass adoption, and the TON network is designed to enable the integration of all existing site networks into a single decentralized network.”
The French TV channel TF1 reported that “the founder of the Telegram application, Pavel Durov, was arrested yesterday evening, Saturday, August 24, at the Paris airport, Le Bourget, on charges of terrorism and drug trafficking.”
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2024-08-25 22:30:49