Author: CryptoHoppers

Durov has spoken out for the first time following his arrest last week, defending the platform’s moderation efforts and criticizing authorities for targeting him personally over users’ illegal activities. Today, nearly a week after the CEO of Telegram, Pavel Durov, was indicted in France, he released a statement addressing his recent legal troubles in the country.  In a post on his official Telegram channel, Durov expressed surprise at his charges, emphasizing that the messaging app has an official EU representative handling law enforcement requests. He criticized the authorities for bypassing established communication channels and questioning him personally.  He argued that…

Key Takeaways Telegram has changed its policy to allow users to flag illegal content in private chats. CEO Pavel Durov acknowledges the platform’s rapid growth has made it easier for misuse. Share this article Telegram has revised its policy, allowing users to flag “illegal content” in private chats for review by moderators, according to a recent update to its frequently asked questions (FAQ) section.Telegram updates moderation rules for private chatsThis means that users can now report content in private chats for review, a departure from their previous policy of not moderating private chats. The change could alter Telegram’s reputation, which…

Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any […] Source link

In a single day, $1.05 trillion was wiped out of the US stock market. This decline represents one of the largest of any single day in recent times and also reflects a mix of unsatisfactory economic data and huge struggles among major companies. Investors are understandably rattled because this downturn brings up some seriously unsettling questions about the stability of this market. Stock Market: Economic Data Drives The Decline The Dow Jones Industrial Average plummeted more than 626 points right off the bat within the first seconds of the opening. At close, it shed more than 700 points and ended…

In the first week of August, Ton held its largest summit, the Open Summit in Taipei. Now, the TON network is hosting a Blum, Yescoin, TONX, and TON Innovators Summit in Seoul, South Korea. The event is hosted by KTON, the Korea—and Asia-based TON community. It will feature some of TON’s most promising projects. Meet TON in Seoul, South Korea On September 5, 2024, TON will take the stage in Asia’s Tech hub. According to reports, there will be presentations and panel talks from TON’s pioneering projects. There is also an opportunity to connect with many like-minded builders.  KTON, based…

Key Takeaways Monochrome partners with Vasco Trustees to launch an Ethereum ETF. The ETF is set for Cboe Australia listing by September 2024. Share this article Monochrome Asset Management, in partnership with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia, the company shared in a Thursday press release. Monochrome expects a decision before the end of this month.Designed to passively hold Ethereum (ETH), Monochrome’s proposed product aims to provide retail investors with a regulated method to invest in the world’s second-largest crypto asset by market capitalization. If approved, the ETF will be…

In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located abroad might be subject to confiscation due to an embargo order benefiting […] Source link

In an interview, Paul Grewal, Coinbase’s Chief Legal Officer, said that a shift is coming in the U.S. crypto legislative landscape. He forecasted the emergence of a “pro-crypto” Congress following the 2024 elections.  Grewal discussed in a Bloomberg Crypto interview how bipartisan support for crypto and evolving political dynamics will soon lead to more favorable crypto policies. Grewal mentioned how there is a growing interest of both Democrats and Republicans toward crypto and digital assets.  “There’s no question about it; we are going to see a pro-crypto Congress emerge, regardless of the particular outcome in individual races, and of course,…

Key Takeaways Fidelity’s FBTC faced a significant withdrawal, marking its second-largest since inception. Grayscale’s GBTC approaches $20 billion in cumulative outflows amid market challenges. Share this article US spot Bitcoin exchange-traded funds (ETFs) experienced a major downturn at the start of September, with $287 million in net outflows recorded on the first trading day following the Labor Day weekend, data from Farside Investors shows. These funds have seen their fifth consecutive day of net outflows, collectively shedding over $750 million since last Tuesday. Source: Farside InvestorsThe post-Labor Day ETF market saw a wave of selling pressure, with 8 out of…

Charles Hoskinson, founder of the Cardano cryptocurrency and CEO of IOHK, has shared his perspective on on the state of the Cardano ecosystem following its recent Chang update, which enhanced the blockchain to include onchain governance. Hoskinson praised Cardano, stating that it dwarfed Bitcoin, and reached “one of the greatest technical achievements in human history.” […] Source link