Weil der Tron-Chef in den letzten Jahren viel Zeit in den USA verbracht hat, sieht die SEC berechtigte Zuständigkeit in ihrem Verfahren gegen Justin Sun.
Telegram to tokenize emojis and stickers as NFTs on TON blockchain
- Telegram co-founder and CEO Pavel Durov announced the plans at Token2049 Dubai.
- The tokenization project will use the TON blockchain.
- Toncoin price rose as TON Foundation and Tether partnered to bring USDT to TON blockchain.
Telegram is taking a major step in its blockchain technology adoption with a new effort announced today during Token2049 Dubai.
The popular messaging app’s co-founder and CEO Pavel Durov revealed this next step on Friday.
According to Durov, the company’s tokenization journey now includes plans to tokenize Telegram stickers and emojis as non-fungible tokens (NFTs).
Telegram plans tokenized stickers
Telegram’s initiative follows the notable success of tokenized usernames and anonymous numbers. Already, users can earn up to 95% of revenue that comes from the sale of the unique usernames.
Tokenization is the next step in Telegram’s growth, Durov said, highlighting the role blockchain technology is set to play in this. The project will “exclusively” leverage The Open Network (TON) blockchain, the Telegram CEO noted.
Commenting on the success recorded so far, Durov said:
“We don’t want to stay there. We want to go further. You see, we believe in socially-relevant NFTs. We believe in NFTs that are deeply integrated into human culture, into human interaction, into our communication. NFTs that you can see tens of billions of times and have a lot of potential to spread virally. These are the right NFTs. That’s why the next step that we are going to undertake is tokenizing Telegram stickers.”
Toncoin (TON), the native token of TON blockchain, soared in recent months after Telegram rolled out its ‘Ad Network’. Users can now pay for in-platform adverts, with the initiative offering a 50% share of ad-revenue to channel owners and creators.
Earlier today, TON price rose sharply to $7.20 amid the NFT news. The token’s value also gained after news that stablecoin issuer Tether had launched its USDT on the TON blockchain.
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OneCoin-Anwalt wird bis zum Berufungsverfahren freigelassen
Richter Edgardo Ramos sieht bei Mark Scott keine Fluchtgefahr und gewährt dem ehemaligen OneCoin-Anwalt deshalb, bis zur Verhandlung des Berufungsverfahrens, auf freiem Fuß zu bleiben.
TRON investors considering TON and Bitbot amid SEC lawsuit against Justin Sun
- SEC lawsuit against Justin Sun casts doubt on TRON’s future.
- TON Network’s integration of USDT boosts Toncoin price by 12%.
- Bitbot’s AI-powered trading platform and $BITBOT token offer innovative solutions.
As the cryptocurrency market navigates through turbulent waters, TRON investors are exploring alternative options amidst a legal battle involving Justin Sun, the founder of TRON (TRX).
The recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Sun has prompted investors to seek refuge in projects such as the TON Network and Bitbot.
SEC’s lawsuit casts a shadow over TRON (TRX)
The SEC’s legal action against Justin Sun has sent shockwaves through the TRON community.
The accusations of selling unregistered securities through TRON’s native token (TRX) and BitTorrent’s token (BTT) have cast doubt on the future of these assets.
Sun’s alleged involvement in deceptive practices, including wash trading and undisclosed paid celebrity endorsements, has further exacerbated concerns among investors.
As the legal battle unfolds, investors are grappling with the uncertainty surrounding TRON’s regulatory status and the potential ramifications for its market value.
The outcome of this lawsuit could redefine the regulatory landscape for TRON and other cryptocurrencies, potentially leading to increased scrutiny and tighter controls on their operations.
USDT support added to TON Network boosting Toncoin price
Amidst the regulatory turmoil facing TRON, the recent announcement of Tether (USDT) support on the TON Network has injected a sense of optimism into the cryptocurrency market.
Tether’s decision to integrate its stablecoin with TON expands its presence across the crypto sphere, providing users with a seamless experience for peer-to-peer payments and value transfers.
In response to this development, Toncoin has experienced a surge in price, reaching $7.09 and marking a 12% daily increase. This bullish momentum reflects investors’ confidence in the potential of TON Network and the broader ecosystem it encompasses.
The integration of USDT on TON not only enhances liquidity but also opens up new avenues for decentralized applications across various verticals.
Bitbot: revolutionizing cryptocurrency trading
Just like Toncoin, Bitbot, a sophisticated Telegram-based AI-powered trading bot designed to enhance the trading experience, is also attracting investors’ attention.
Bitbot’s platform provides users with real-time data, technical analysis, and seamless execution, levelling the playing field for both novice and experienced traders.
At the heart of Bitbot’s ecosystem is its native token, $BITBOT, which offers holders exclusive benefits such as revenue sharing and governance rights. The token is currently in its presale stage which has already raised $2,603,234 out of its $2,844,000 target, reflecting growing demand for Bitbot’s innovative solutions.
The current presale price is $0.0163 per token giving early investors an investment opportunity seeing that the price is set to increase to $0.0171 in the next presale stage.
Conclusion
As TRON investors navigate through uncertain waters, TON Network and new projects like Bitbot offer promising alternatives for those seeking stability and growth opportunities in the ever-evolving cryptocurrency market.
Nevertheless, as with any cryptocurrency investment, investors should conduct thorough research before investing owing to the extremely volatile nature of cryptocurrencies.
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JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs
- Jamie Dimon, JPMorgan CEO, called Bitcoin a “Ponzi scheme.”
- Dimon’s criticism comes despite JPMorgan’s involvement in Bitcoin ETFs.
- Bitcoin’s recent price volatility highlights ongoing debates in the cryptocurrency market.
JPMorgan Chase CEO Jamie Dimon has once again voiced his scepticism towards Bitcoin (BTC), dubbing it a ‘Ponzi scheme’ during an interview on Bloomberg TV.
During his interview, Dimon reiterated his long-standing criticism of Bitcoin, stating that it lacks utility and legitimacy as a form of money. He described Bitcoin and similar cryptocurrencies as “simply not functional as currencies,” emphasising his belief that they are essentially Ponzi schemes disguised as technological innovation.
However, this is not the first time that the CEO is criticizing Bitocin. His scepticism towards Bitcoin is well-documented. He previously called Bitcoin a “fraud” and expressed concerns about its potential to facilitate illegal activities such as money laundering, fraud, and tax evasion due to its anonymity and lack of regulation.
JPMorgan’s involvement in Bitcoin ETFs
It’s notable that despite Dimon’s vocal criticism of Bitcoin, JPMorgan has been actively involved in the cryptocurrency space.
The banking giant has served as an Authorized Participant for BlackRock’s spot Bitcoin exchange-traded fund (ETF) and has participated in several blockchain-based projects over the years.
Furthermore, despite Dimon’s scepticism towards Bitcoin, the CEO acknowledged the potential value of certain aspects of blockchain technology, particularly those facilitating smart contracts although he maintained his stance that cryptocurrencies like Bitcoin lack inherent value as currencies, echoing his previous sentiments on the matter.
This juxtaposition highlights the nuanced approach within the banking giant towards cryptocurrency investments, even as its CEO expresses scepticism.
Bitcoin (BTC) price market reaction
Bitcoin’s market performance has been subject to fluctuations in recent times. At the time of writing, Bitcoin price was $64,741.28, after experiencing a 4.92% increase in the last day, but it was still down 8.41% over the past seven days.
Despite these fluctuations, Bitcoin’s market capitalization has recently surpassed $1.2 trillion, reflecting its continued growth and acceptance as an asset class.
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