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Durov announces disabling personal geolocation from Telegram

Telegram’s “people nearby” feature has been suspected of being a way for state authorities to locate and track dissidents.

Telegram founder Pavel Durov revealed that Telegram is cutting certain features from the platform—including media uploads to the platform’s “Telegraph” blog and disabling the “people nearby” feature—in a Sept. 6 announcement.

Durov told his followers that media uploads to the blogging platform were “misused” by malicious actors, explaining that the vast majority of the Telegram community was not abusing these features. However, Durov made it clear that the “0.001% involved in illicit activities” pose a disproportionate risk to the vast majority of law-abiding users on Telegram.

The Telegram co-founder also announced that the individual geolocation tracking would be ditched for a “businesses nearby” option. Durov likewise claimed that this personal geolocation feature was only used by a tiny minority of Telegram users.

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Pavel Durov breaks silence for first time since arrest

The Telegram founder is currently prohibited from leaving France and must check in with law enforcement on a weekly basis.

Telegram founder Pavel Durov has finally broken his silence in the first message sent to the public since his high-profile arrest in France in August.

The tech entrepreneur expressed surprise that French authorities arrested him, citing the legal representative Telegram has in France who handles all regulatory requests and inquiries.

Durov, a French citizen, also stated that the French authorities had multiple avenues to reach him without resorting to law enforcement and claimed he was a regular guest at the French Consulate in Dubai.

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Trump’s Crypto Platform Hit by Scammers Promising $15,000 Giveaways

Trump’s Crypto Platform Hit by Scammers Promising ,000 GiveawaysFormer U.S. President Donald Trump’s family-backed cryptocurrency platform has been targeted by scammers, leading to over 70,000 users being misled with fake crypto giveaways. Scammers have posted fraudulent ads on the platform’s official Telegram channel, diverting users to a fake group promising $15,000 in cryptocurrency. Trump’s Crypto Platform Targeted by Scammers With Fake Giveaways Donald […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s Case

UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s CaseThe United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality in regulating social media platforms. United Nations Raises Human Rights Concerns Over Arrest of […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Telegram games and Hamster Kombat will catalyze Web3 adoption: Animoca’s Yat Siu

Hamster Kombat is preparing to launch the “largest airdrop in the history of crypto,” which could bring even more mainstream attention to the viral Web3 mobile game. 

Telegram-based games like Hamster Kombat are setting the stage for true mainstream Web3 gaming adoption.

Viral clicker game Hamster Kombat is among the “first generation” of games to facilitate large-scale Web3 gaming adoption, according to Yat Siu, co-founder and chairman of Animoca Brands.

Siu told Cointelegraph in an interview:

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Russian Analyst Examines Post-Airdrop Performance of Hamster Kombat Token

Russian Analyst Examines Post-Airdrop Performance of Hamster Kombat TokenVladislav Antonov, a financial analyst at Bitriver, one of Russia’s largest mining data center operators, believes that post-airdrop interest in Hamster Kombat, the popular tap-to-earn game, will grow quickly. However, if the game fails to evolve from its current ‘clicker’ state, this interest might wane, and users may migrate to other similar projects. Interest In […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Over 40% of Telegram’s 2023 Revenue Stems From Crypto Ventures: Report

Over 40% of Telegram’s 2023 Revenue Stems From Crypto Ventures: Report

A huge chunk of the revenue generated by the messaging app Telegram reportedly came from crypto assets. A new report from The Financial Times shows that in 2023, over 40% of the revenue generated by the company was derived from its integrated wallet and sales of collectibles.  Telegram sells collectibles and provides integrated wallet services […]

The post Over 40% of Telegram’s 2023 Revenue Stems From Crypto Ventures: Report appeared first on The Daily Hodl.

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Telegram financial statement shows it holds $400 million in crypto 

The messaging app had about four million premium users at the end of 2023.  

The popular messaging app Telegram, whose CEO Pavel Durov was arrested on Aug. 24, reportedly held $400 million in digital assets as of the end of last year, according to the company’s 2023 financial statement.

The app had around four million premium users at the close of 2023, a number that has grown to over five million today.

Telegram posted an operating loss of $108 million during the year ended Dec. 31, 2023, while generating $342.5 million in revenue. According to a Financial Times report, about 40% of Telegram’s revenues came from digital asset-related activities under the categories “integrated wallet” and “sale of collectibles.” 

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Toncoin Blockchain Community Launches Initiative to Free Telegram Founder Pavel Durov After France Arrest

Toncoin Blockchain Community Launches Initiative to Free Telegram Founder Pavel Durov After France Arrest

The community behind layer-1 blockchain The Open Network (TON) is rallying behind the messaging platform Telegram’s founder, Pavel Durov, who is currently detained in France. French authorities arrested Durov at the Le Bourget Airport last weekend on a warrant related to Telegram’s alleged failure to moderate content linked to drugs, fraud and other criminal activities. […]

The post Toncoin Blockchain Community Launches Initiative to Free Telegram Founder Pavel Durov After France Arrest appeared first on The Daily Hodl.

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Aptos network integrates Nillion for privacy-preserving apps

Aptos will be able to support confidential DeFi, private AI assistants and more. 

Aptos is integrating privacy platform Nillion to support privacy-preserving applications on the layer-1 blockchain network, Nillion told Cointelegraph on Aug. 29. 

Aptos will be able to support applications such as confidential decentralized finance (DeFi), private artificial intelligence assistants, secure social media, private gaming and collectibles, and more, Nillion said.

“DeFi users could benefit from private trade execution or hidden liquidation vaults, while supply chains could enhance transparency without compromising sensitive data,” according to Nillion. 

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors