Featured Story
By BanksterCrime
| TON OF TROUBLE. With Telegram CEO Pavel Durov set to appear in a French court on Wednesday, blockchain analysts are weighing the possible impact on the closely affiliated TON blockchain, officially called The Open Network. Alex Thorn, Galaxy Digital’s head of research, reminded investors in a report that the value of the TON blockchain and its native token, toncoin (TON), are “substantially dependent” on the project’s integration with Telegram. The TON price tumbled after the news that Durov was arrested on Saturday – detained as part of an investigation into crimes allegedly planned or broadcasted on Telegram. The TON blockchain has more than 350 validators globally, but it is unclear how many of these Telegram operates, if any, according to the Galaxy report. (A source told The Protocol that Telegram doesn’t operate any of them, although our attempts to reach the supporting TON Foundation for comment were unsuccessful.) It’s not clear “how resilient TON can be in the case that France or any other major governments attempt to attack it or to take it down as part of Durov’s arrest,” Thorn wrote. The TON Society, describing itself as a community organization affiliated with TON, circulated an open letter condemning Durov’s arrest and calling upon France to release him. In a very crypto-style interlude to the saga, the TON blockchain suffered a near-six-hour outage on Wednesday, caused by a surge in network traffic – and possibly linked to the recent airdrop of a TON-based memecoin called DOGS. In a post on X, the TON blockchain team explained that “Several validators are unable to clean the database of old transactions, which has led to losing the consensus,” assuring that “no cryptocurrency assets will be lost due to the issue.” |
Don't Miss
1/25/24: Robert Kaplan Was Heavily Trading on May 1, 2020; One Day After a Fed Blackout Period and the Same Day He Made a Shocking Prediction on TV
By Pam Martens and Russ Martens: Robert Kaplan, Former President of the Dallas Fed To read main stream media headlines, one would think that the Federal Reserve…
1/24/24: Naming Names, Professor Exposes the Banking Cartel that Has Hijacked U.S. Democracy
By Pam Martens and Russ Martens: Gerald Epstein is Professor of Economics and a Founding Co-Director of the Political Economy Research Institute (PERI) at the University of…
1/23/23: A Fed Whistleblower Reveals Efforts to Silence Him 30 Years Ago
By Pam Martens and Russ Martens: Walker F. Todd, Former New York Fed and Cleveland Fed Insider The U.S. Department of Justice needs to immediately appoint an…
1/22/24 How the Government Constructs Positive Economic Data, Its All Made-Up
by Tyler Durden Via SchiffGold.com, A startling disconnect as we edge closer to the 2024 general election: On one hand, so-called “experts” parade optimistic economic reports, but…
1/20/24 The DOJ’s Incestuous Relationship with Jamie Dimon is Captured in a Graphic from an Historic Lawsuit
By Pam Martens and Russ Martens: January 18, 2024 ~ On February 10, 2014, the non-profit watchdog, Better Markets, took a bold and historic action. It filed a…
