Bankster Crime

Exposing Fraud in the Banking System

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.”

Loading

Don't Miss

Will Crypto Weakness Push Silver Higher

By StevieRay Hansen

Crypto down! Silver up? We think a growing forward trend is a combination of pressure on crypto currencies, particularly Bitcoin (Ethereum has software applications that…

Read More

JP Morgan Launches Bitcoin Fund For Rich Clients After Years Of Bashing Crypto

By StevieRay Hansen

Ever since JP Morgan CEO Jamie Dimon first denounced bitcoin waaaaay back during the heady crypto-rally of 2017 (shortly before we revealed that JP Morgan’s asset-management…

Read More

How to Sell Bitcoin?

By StevieRay Hansen

How to sell Bitcoin? If you have bought or received Bitcoin in other ways, you’re probably wondering how to change it to cash. Good news!…

Read More

Tron, Synthetix, STEEM, FTX Token Price Analysis

By StevieRay Hansen

By Saif Naqvi As market leaders Bitcoin and Ethereum moved deeper into the bearish zone, other altcoins registered losses and scrambled to find support at various levels. Tron hovered…

Read More

I Bought The Bitcoin Dip”…Now What?

By StevieRay Hansen

What is Cryptocurrency? It is a form of digital money, in short. For the long answer, keep reading our “What is cryptocurrency” guide. More and…

Read More

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *