Technology: Telegram To Launch New Cryptocurrency, Blockchain Platform - PressFrom - Canada

Technology Telegram To Launch New Cryptocurrency, Blockchain Platform

15:21  23 december  2017
15:21  23 december  2017 Source:

Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes

  Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes Bitcoin topped $8,000 for the first time, as investors set aside technology concerns that had derailed its advance earlier this month. Bitcoin rose 4.8 percent to $8,071.05 as of 7:17 a.m. Sydney time on Monday. It’s now up more than 700 percent this year after shrugging off a tumble of as much as 29 percent earlier this month. It’s been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25 percent in value all giving way to subsequent rallies.

Telegram is about to launch their own cryptocurrency and Blockchain network, according to sources. Initial reports of the new platform surfaced today from Anton Rozenberg, a former employee of Telegram ’s publishing division Telegraph .

The popular encrypted messaging app Telegram will launch its own blockchain platform and cryptocurrency , CointTelegraph reported, citing sources familiar with the matter. The new platform will be dubbed either “The Open Network” or “ Telegram Open Network” (TON)

a close up of a logo© Provided by IBT US There may soon be a new kid on the cryptocurrency block, this one launched by the popular messaging app Telegram. The messaging service, known for its encryption, could also release its own blockchain platform, according to reports Thursday.

A former employee of Telegraph, Telegram’s publishing division, Anton Rosenberg posted a video on Facebook which he said was a promotion for TON, the new platform. TON could be an abbreviation for either The Open Network or for Telegram Open Network. The cryptocurrency on TON would be called Gram and the platform will be integrated with not just Telegram, but also another popular messaging app, Cointelegraph reported. The website also said it wasn’t clear which apps those were.

Cryptocurrency startup Tether claims it was robbed of $31 million in tokens

  Cryptocurrency startup Tether claims it was robbed of $31 million in tokens Tether noted in a now-removed post on its site that nearly $31 million worth of tokens were stolen from the treasury in which it stored its dollar-pegged cryptocurrency. The company said that it won’t redeem any of the stolen tokens, and will attempt to prevent them from entering other exchanges.

Telegram , the popular messaging app that boasts a secure end-to-end encryption, will be launching its own blockchain platform and cryptocurrency . In his Facebook post, Rozenberg leaked what he claims to be the teaser advertorial video for the new platform . Aside from hinting at the upcoming

According to a report by Tech Crunch, Telegram plans to launch its own blockchain platform as well as a native cryptocurrency which can be used for What could make Telegram 's efforts in this area different from many others? While most ICOs have aimed to launch new startups, Telegram is

The news seems to have appeared first on a Russian language website which also said the information could not be taken on face value, but that early 2018 should bring more clarity on the subject. This timeline is based on an interview that Telegram’s founder Pavel Durov gave to Bloomberg on Dec. 12, in which he said he would announce “something big” in the new year.

According to other details posted on the website, the integration of a cryptocurrency within the Telegram app will allow users to transfer money bypassing government regulations, an attractive feature in countries with authoritarian regimes. Further, the messaging app has not been monetized at all till now, and Pavel has said he sees the app as charity. But he told Bloomberg he will start a monetization route in 2018, only enough to allow for expansion. That route may be an initial coin offering (ICO).

Bitcoin blasts past $10,000 mark amid bubble concerns

  Bitcoin blasts past $10,000 mark amid bubble concerns The cryptocurrency's value has risen nine-fold since the beginning of the year. Tuesday's trading price gives bitcoin a market capitalization of $168 billion, greater than the vast majority of S&P 500 companies, including Dow 30 components Boeing, Disney and GE.Since its founding in 2009, bitcoin has made a name for itself by allowing for anonymous transactions. The digital currency is now accepted by more than 100,000 merchants worldwide, including Microsoft, Dish and Subway. The cryptocurrency has experienced a massive run in 2017. On Jan. 1 this year, bitcoin was priced at just under $1,000.

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency , powering payments on its chat app and Durov’s idea is to launch an entirely new blockchain , using the Telegram ’s 180 million users as rocket fuel to power forward into mainstream

Telegram Open Network Blockchain Platform (TON) is 70% ready, reports RBK citing Vedomosti. Launch of the platform ’s test version is scheduled commence by the end of this Autumn. The development of Telegram ’s blockchain is divided in three components, TON Virtual Machine (TVM)

Rosenberg suggested as much, in a commentary posted on the Russian website. He cited the facts that Durov has promised to never sell Telegram (because that would compromise its users’ privacy) and that there would never be any advertisements on the messenger either. Effectively, if he doesn’t start asking for donations, an ICO seems like a logical step.

Apple removes Telegram from App Store due to inappropriate content .
Telegram and an experimental app called Telegram X that the company announced for Android yesterday have been removed from Apple's App Store, 9to5Mac reports.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!