Chain News Today TheBitTimes.com

Messaging app Telegram endorsed TON network as its blockchain network of choice for Web3 infrastructure, boosting the TON token price by 7%. Popular messaging app Telegram has finally unveiled a crypto wallet nearly three years after it first revealed plans to build a Web3 ecosystem. The wallet was unveiled during the ongoing Token2049 event in Singapore. Telegram unveils TON based self custody wallet integration. Source:X The crypto wallet is developed on the Open Network (TON) blockchain and is now available to its 800 million users worldwide.  The TON wallet integration into Telegram helped the price of TON coin soar by nearly 7% on the announcement. TON Foundation said that the projects built on the TON blockchain will get priority access to the messaging app’s advertising platform, Telegram Ads. The wallet feature is currently available in the settings and global rollout will begin in November later this year excluding the United States and few other countries. This is a d

The Riga cypherpunk reunion convened around the Lightning Network, privacy and a strong anti-CBDC sentiment. Bitcoin’s spirit animal is the honey badger . Bitcoin evangelist turned Bitcoin Cash promoter Roger Ver first popularized the meme in 2013 when he paid $1,500 a month for a billboard in California to display “Bitcoin is the Honey Badger of Money.”  Since then, the honey badger has been an elusive beast, occasionally appearing in memes and tweets as well as at its annual hunt on the Baltic Coast of Europe. A Baltic Honeybadger sighting excites even the most hardcore Bitcoiners. Living on a diet of red meat and Latvian beer, lurking near cypherpunk stages and often spotted skulking over a computer screen checking and rewriting lines of code, the Baltic Honeybadger allures cypherpunks and Bitcoin (BTC) advocates alike. Content creators Rikki and Laura pose with the honey badger. Source: Bitcoin Explorers The Baltic Honey badger conference began in 2017 when speakers Andreas An

Bitget managing director Gracy Chen said that if users are not doing illegitimate activities like money laundering, they should be "pretty comfortable" with the KYC process. Crypto exchange Bitget has grown significantly despite the challenges brought by the bear market. In 2023, the exchange announced two $100 million funds—one dedicated to crypto projects in Asia and another for maximizing the company’s long-term impact in the crypto space.  At the Bitget EmpowerX Summit held in Singapore, Cointelegraph’s Zhiyuan Sun spoke with Gracy Chen, the managing director of Bitget. The two spoke about Bitget’s growth amid the bear market, pausing its expansion in Hong Kong and the United States and why they believe that implementing Know Your Customer (KYC) protocols is important for exchanges. A panel discussion at the Bitget event held in Singapore. Source: Cointelegraph According to Chen, the company grew ten times its original number just in two years. “For our company's e

The past month has seen a series of hacks in the crypto sector. The latest hack was on hardware wallets, where 15,000 Solana wallets were affected, resulting in a loss of around $4.6 million. Aave proposal removes Fantom integration One of the most persistent hacks in the crypto space is on DeFi bridges. Bridges are an essential infrastructure that allows users to transfer funds between blockchains. For example, the native assets on one network like Avalanche can exist on another like Harmony without needing a bridge. Given this large amount of money stolen from these blockchain bridges, one DeFi protocol is taking steps to lower the risks from the sector. A recent proposal on the Aave protocol suggested that the community suspends all Fantom-based integration. Buy Aave Now Your capital is at risk. The proposal from the Aave community says that halting Fantom integration would protect users by suspending the ability to deposit and borrow assets through the Aave V3 market

The Reserve Bank of India is said to be working with local banks to link the digital version of e-rupee with the country’s national payments system. India’s central bank, the Reserve Bank of India (RBI), is reportedly collaborating with local financial institutions to make its central bank digital currency (CBDC) also known as e-rupee, more interoperable, Reuters has learned, citing sources familiar with the matter. According to the report, the RBI wants to boost the usage of CBDC as the current retail activity with the digital currency reportedly remains way below the target set for 2023 (18,000 operations a day vs. 1 million expected). Sources close to the matter said the central bank is trying to find a way to enable offline e-rupee transactions and link the digital currency to the Unified Payments Interface (UPI), India’s national real-time payments system. The report says the RBI and the local banks are exploring a payment option which would make the e-rupee interoperable wi

FileCoin-based data storage app GhostDrive focuses on user experience and encryption features. What would drive the next billion users to the blockchain ecosystem? Green price charts for related coins, or perhaps more acceptance from governments around the world? Both can help draw the masses’ attention to blockchain-based technologies. However, the real-world uses would generate enough interest for the average user to try out the technology — an app or a service that provides utility for the end-user. Data storage is a crucial area plagued by centralized monopolies that take away user control and data ownership. According to a Fortune Business Insights report, the market was valued at $217 billion in 2022 and is expected to grow to over $777 billion by 2030. Large corporations have been able to dominate data storage effortlessly due to the lack of competition, causing a stagnation in data storage improvements for end users. The average user’s growing need to store and manage data,

Reports suggest that Coinbase has already disabled users from signing on to the exchange while prompting them to download the Coinbase Wallet instead. As a result, Coinbase plans to discontinue its services in India from September 25 onwards. The exchange has also advised its Indian customers to withdraw any funds that they have in their accounts. advertisement Coinbase ’s decision to withdraw from India comes after an 18-month-long endeavor to reintroduce its services in the country. Despite their efforts, the company has faced significant challenges in gaining the approval of local authorities. This struggle has resulted in the departure of at least two prominent executives, including Durgesh Kaushik, who joined as Senior Director for Market Expansion last year. Note that Coinbase is also an investor in Indian crypto exchanges such as CoinSwitch Kuber and CoinCDX. While Coinbase is probably looking for an exit from India, it continues to work on expanding its servic

Join Our Telegram channel to stay up to date on breaking news coverage Tamadoge is clearing major milestones one day after another. This Play-To-Earn is currently going through a successful phase of its presale. And now, it has partnered up with Transak to provide fiat on-ramp support for Tamadoge. It will allow users to buy $ETH with local credit or debit cards on Transak and convert them to TAMA tokens. Blockchain adoption is about to increase. Tamadoge is Set to Redefine Memecoins Memecoins for long have been associated with a joke – and rightly so. These tokens have had little to no utility and have increased in price only due to the crypto crowd’s emotional response. But the emotional reaction of the crowd changed when the bear market hit in 2022. For one, many grew wiser about their crypto investments. What people want now, more than ever, are cryptocurrencies that aren&rsquo ;t only good for flipping when the time is right but also have a major use case. And the

This week, FTX initiated creditor settlement initiatives, as regulatory efforts commanded significant attention. Meanwhile, Stake fell victim to a multi-million-dollar exploit. FTX moving to settle creditor debt As part of a calculated aim to tackle its sizable debt exceeding $8 billion, FTX started streamlining its digital asset portfolio this week. Their approach entails reconnecting crypto assets to their corresponding blockchain networks, alongside a scheme to relocate their Solana (SOL) and other assets to BitGo.  This shift comes on the heels of the court’s selection of BitGo as the court-appointed custodian, which was prompted by FTX’s declaration of bankruptcy in November 2022. Reports surfaced this week suggesting that FTX is embarking on a mission to recover substantial sums previously distributed to celebrity endorsers. Among these luminaries are tennis sensation Naomi Osaka and NBA star Shaquille O’Neal. FTX’s financial advisors are currently exploring avenues to rec

Mastercard, one of the largest financial service providers in the world, is set to launch a new security tool on Tuesday. In an official press release, the firm said that the new product will help banks identify and stop transactions coming from vulnerable crypto exchanges. JUST IN: Mastercard launches 'Crypto Secure', a software to combat fraudulent #crypto transactions. — Watcher.Guru (@WatcherGuru) October 4, 2022 The tool, called Crypto Secure, uses artificial intelligence algorithms to asses the likelihood of criminal activity related to cryptocurrency exchanges on the Mastercard payment network. The system makes use of information from multiple sources, including the blockchain. The tool has color-coded ratings that depict suspicious behavior on exchanges. Red denotes high risk, while green denotes low. Furthermore, the tool does not decide whether to reject a certain crypto merchant. It is up to the card issuers to make that choice. The Crypto Secure tool i

Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer information on these purchases. President Nayib Bukele Sued by Salvadoran Nonprofit Cristosal On Nov. 17, Cristosal, a nonprofit human rights organization, announced that it has filed three different lawsuits against President Nayib Bukele, seeking to clarify the origin and transaction information of the funds used to purchase bitcoin. Ruth Lopez, an anticorruption spokesperson for the group, stated that one of the lawsuits had to do with the illegality of reforms Bukele had made to laws concerning these expenses. Lopez explained that $750 million are managed by Bukele as part of the bitcoin trust established by the central bank of the country in an unconstitutional way, alleging that these laws allowin

MoneyGram, a former partner of Ripple , and Frente Corretora, a current partner , have teamed up to introduce a new remittance service in Brazil with no costs for consumers. The new service, MoneyGram Online (MGO), enables users to send money from Brazil to any country in the world at almost real-time speed. The company has a suite of options such as account deposit, mobile wallet, and cash pick-up from retail locations. Alex Holmes, MoneyGram Chairman and CEO, stated, “We’re confident that this launch will enable us to capture growth from new customer segments, deepen relationships with established customers and create tremendous value for years to come.” With more than 1,000 retail outlets across Brazil, MoneyGram already occupies a prominent position in the country. In the past, Ripple made significant investments in MoneyGram and purchased its stocks. MoneyGram said that it cleared billions of US dollars using XRP. However, the collaboration came to an end in 2021

Crypto traders in Canada will not be able to trade on dYdX starting next week. The decentralized crypto ex change has announced that it will stop offering its services to Canadian users and exit the country later this month. The move comes amid a shift in Canada’s regulatory landscape toward better compliance and consumer protection.  According to a blog post on dYdX’s official website, the platform has already stopped onboarding new users from Canada. The existing Canadian customers will have until April 14, 2023, to engage in trading activities on the ex change in order to manage and liquidate all open positions.  At 17:00 UTC on April 14, all existing Canadian users on the platform will be moved to close-only mode, which will allow them to withdraw their funds from the protocol at any time. The Deprecation Warning acknowledged the sudden and disruptive nature of dYDx’s decision.  The DeFi ex change cited the regulatory climate in Canada for its decision to exit th

Binance Removes NFTs On Polygon Network Crypto exchange Binance in an official announcement on September 8 revealed the decision to discontinue the Sandbox NFT Staking Program. The exchange said the decision is made after thorough consideration and evaluation, which is part of an effort to improve product offerings on Binance NFT Marketplace. advertisement Users can’t stake LAND NFTs hosted on the Polygon Network to earn SAND rewards from September 26. Binance will automatically unstake all LAND NFTs and return to users’ accounts by the end of the month. In addition, Binance will remove NFTs support on the Polygon network from September 26. Users must withdraw their NFTs on the Polygon network from Binance NFT Marketplace by December 31. In fact, buying, depositing, offering or listing NFTs from the Polygon Network on Binance NFT Marketplace will completely end. CoinGape Media reported that the delisting and removing of Cardano and Polygon spot, m