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FT Report Reveals Telegram’s Heavy Reliance on Cryptocurrency Amid Durov’s Legal Trouble

The Financial Times (FT) recently published a report detailing the financial state of Telegram, the messaging app founded by Russian-born billionaire Pavel Durov, and cryptocurrency’s significant role in its revenue stream. According to the FT report by Robert Smith and Hannah Murphy, which was published on August 30, Telegram’s 2023 financials, which the publication obtained, […]

Paris Public Prosecutor’s Office Explains Telegram CEO Pavel Durov’s Arrest and Detention

According to a press release issued by the Paris Public Prosecutor’s Office on 26 August 2024, Pavel Durov, the founder and CEO of the popular instant messaging platform Telegram, was arrested at Le Bourget airport near Paris on 24 August 2024. The press release confirms that Durov was taken into custody at 8 p.m., marking […]

$TON Price Plummets After Telegram Founder and CEO Pavel Durov’s Arrest, X Owner Elon Musk Is Outraged

The arrest of Telegram CEO Pavel Durov on 24 August 2024 has led to a significant drop in the value of Toncoin ($TON), which fell by 18.7% as of 8:45 a.m. UTC on 25 August 2024. This sudden decline reflects growing concerns in the cryptocurrency market over the potential impact of Durov’s legal troubles on […]

TON-Powered P2E Game Hamster Kombat Is a ‘Scam’ That ‘Must Be Stopped’, Says Powerful Russian Politician

Hamster Kombat is a popular play-to-earn game hosted on Telegram, leveraging The Open Network (TON) blockchain. Launched in early 2024, it quickly gained traction, with over 250 million players globally by mid-2024. The game combines elements of clicker mechanics and cryptocurrency management, where players take on the role of a hamster CEO managing a virtual […]

Prominent Analyst Claims Telegram is Crypto’s Real Mass Adoption Driver

In a thought-provoking opinion piece for CoinDesk, David Zimmerman, an analyst at K33 Research, challenges the notion that crypto’s killer app is yet to come. Zimmerman boldly suggests that Telegram, in collaboration with a handful of independent developers, has made more significant strides in onboarding the masses to crypto than the $100 billion in venture […]

TON Foundation Launches USDT on Telegram’s Integrated Blockchain: A Milestone for Global Crypto Payments

On 19 April 2024, the TON Foundation announced a significant development in digital finance with the launch of Tether (USDT) on The Open Network (TON), which is integrated with the globally popular Telegram messaging service. This initiative introduces nearly 900 million monthly active users of Telegram to an innovative Web3 experience centered around global peer-to-peer […]

Toncoin’s Meteoric Rise: How It Has Managed to Overtake Cardano and Secure a Top 10 Spot

Toncoin (TON), the native cryptocurrency of The Open Network blockchain, has achieved a significant milestone by overtaking Cardano’s ADA token to become the tenth-largest cryptocurrency by market capitalization. On 9 April 2024, TON’s price surged by 13% to reach $6.65, resulting in a market capitalization of $23 billion, surpassing ADA’s $22 billion market cap. The […]

$TON Surges Over 22% As Telegram Unveils Revenue Sharing Initiative: Empowering Creators with Cryptocurrency

Telegram, the popular messaging app known for its large group features and focus on privacy, has a complex history with the TON (The Open Network) blockchain. Initially, Telegram envisioned TON as a revolutionary blockchain platform designed to power a decentralized ecosystem of services, including payments and file storage. This ambition aimed to integrate blockchain technology […]

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