Rumors circulate about Telegram launching its own cryptocurrency

Unconfirmed info about Telegram's Blockchain platform surfaced today on Facebook
22 December 2017   1473

The popular messenger Telegram will release their own cryptocurrency, according to unconfirmed sources from Facebook. Anton Rozenberg, former employee of Telegram's publishing division Telegraph, posted a video on his Facebook page detailing the upcoming “Telegram Open Network” (TON). He hasn't disclosed the source, but the video itself is quite interesting. According to it, Telegram will utilize the blockchain network to create a cryptocurrency of their own.

Besides, Pavel Durov himself, the creator of Telegram, said in his earlier interview to Bloomberg, that his messenger is a charity for people who live under oppressive governments and that he plans to monetize it only in 2018, and even then just enough to finance the expansion, no selling out. The important bit being about plans for 2018. So, it's quite possible, in hindsight, that he was referring to TON.

The described technology will allow for fast transactions because of multi-blockchain implementation and dynamic scaling by splitting the chains in real time. Also the clients wouldn't have to download and run heavy blockchain apps, only a light wallet, which will probably be embedded into the messenger itself.

That is, actually, a big bonus for TON, because right now Telegram boasts more than 180 million users, so their virtual currency wouldn't have to go through a lengthy adoption stage – just signing up all current users will get a wider coverage, than any other emerging crypto.

Telegram's rising popularity among crypto enthusiasts can be contributed to its end-to-end “hack-proof” encryption, servers location being a secret and, on top of that, multiple refusals by Pavel Durov to release users' personal information to any government agency in the world, regardless of lawsuits and even being declared a terrorist by Iran court in absentia.

Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   114

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.