The Open Network

Telegram is becoming a one-stop app like China’s WeChat — Bitget CEO

November 7, 2024 Coin Telegraph

Bitget

According to DemandSage, Telegram boasts approximately 950 million monthly active users and has raised over $4 billion since its launch.

Telegram and the separate, decentralized Open Network have the potential to elevate the messaging platform into an all-encompassing application that includes social media, payments, finance, entertainment, gaming, and communication capabilities — much like China's popular WeChat app.

According to Gracy Chen, the CEO of exchange and wallet provider Bitget, Telegram's symbiotic relationship with the independent Open Network and its crypto trading features distinguishes the application from competitors and positions it for massive growth. The CEO told Cointelegraph:

The Bitget CEO also cited the meteoric adoption of Telegram in emerging market economies — particularly among young people in Africa as further evidence of the application's potential to become an everything app used by billions of individuals.

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Cat-Themed AI Crypto Gaming Altcoin Catizen (CATI) Reaches New All-Time High Following Binance Listing

September 20, 2024 The Daily Hodl

An artificial intelligence (AI)-based, cat-themed gaming altcoin is reaching new all-time highs after being abruptly listed by the world’s largest crypto exchange platform by volume. In a new announcement, crypto exchange Binance says that it will be adding Catizen (CATI) to its suite of products starting on September 20th. “Binance is excited to announce that […]

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Bitget and Foresight Ventures invest $30M in TON blockchain

September 18, 2024 Coin Telegraph

Bitget

With the new investment, Bitget and Foresight expect to increase their involvement in the TON’s governance and future development plans.

Telegram-linked blockchain platform, The Open Network (TON), has received another financial boost from Bitget and Foresight Ventures.

Bitget officially announced on Sept. 18 a $30 million strategic investment in the TON blockchain in a move to scale the development of TON applications on Telegram.

The company emphasized that the investment specifically targets major play-to-earn (P2E) games on Telegram, such as Hamster Kombat and Notcoin.

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TON Blockchain Issues Statement Following Arrest of Telegram Founder Pavel Durov

August 26, 2024 The Daily Hodl

Altcoin

Layer-1 blockchain The Open Network (TON) is issuing a statement in support of Telegram founder Pavel Durov after his recent arrest in France. TON says on the social media platform that its network will continue to run as usual following Durov’s detention over alleged offenses related to the Telegram messaging app. “As a community committed […]

The post TON Blockchain Issues Statement Following Arrest of Telegram Founder Pavel Durov appeared first on The Daily Hodl.

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Toncoin open interest surges 32% following Pavel Durov’s arrest

August 25, 2024 Coin Telegraph

Coin Telegraph

Toncoin's price sharply declined following the news that Pavel Durov had been arrested, and future traders saw it as an opportunity with open interest surging 32%.

Toncoin (TON), the native coin of The Open Network and originally developed by the Telegram messaging app, saw a surge of future traders hedging their bets on the asset’s price following the arrest of Telegram CEO Pavel Durov.

On Aug. 24, Durov was arrested when his plane landed at the Bourget airport outside Paris. He allegedly faces charges of terrorism, trafficking, conspiracy, fraud, money laundering, and more.

Just hours after the reports emerged, Toncoin Open Interest (OI) surged 32% to $303.09 million, according to CoinGlass data. The flock of traders appeared following TON’s price plummeting following the news.

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Toncoin (TON) gains 10% after Binance Launchpool platform addition

August 14, 2024 Coin Telegraph

Coin Telegraph

Growth in its DeFi ecosystem and the upcoming Binance Launchpool addition have put wind in Toncoin’s sails.

Toncoin (TON) price has posted significant gains over the last 10 days, reaching its highest levels in almost four weeks as crypto traders assessed a slew of optimistic updates in its ecosystem, including landing a spot on the Binance Launchpool.

Data from Cointelegraph Markets Pro and TradingView shows that TON rose from a low of $4.78 on Aug. 5, climbing more than 51% to reach an intraday high of $7.26 on Aug. 14. At the time of publication, TON was trading at $6.98, up 10% over the last 24 hours.

TON is now the 8th-biggest cryptocurrency, with a market capitalization of over $17.67 billion. The more than 90% jump in the 24-hour trading volume attests to the intensity of the demand-side activity.

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Toncoin (TON) Surges by More Than 13% After Binance Rolls Out Trading Support for the Layer-1 Project

August 10, 2024 The Daily Hodl

Altcoins

Layer-1 blockchain The Open Network (TON) is surging by more than 13% in 24 hours after suddenly gaining support from the world’s largest crypto exchange by volume. Toncoin is trading at $6.22 at time of writing, up from $5.44 a day ago. In a new announcement, Binance says its listing TON with a seed tag, […]

The post Toncoin (TON) Surges by More Than 13% After Binance Rolls Out Trading Support for the Layer-1 Project appeared first on The Daily Hodl.

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TON Climbs 10% Ahead of Binance Listing

August 8, 2024 Bitcoin.com

Binance

The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset […]

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TON Foundation to Launch Bitcoin Bridge on The Open Network

July 18, 2024 Bitcoin.com

Bitcoin

The TON Foundation has announced the upcoming launch of TON Teleport BTC, a bridge designed to facilitate trustless and secure transfers of bitcoin to and from The Open Network (TON). This initiative aims to expand bitcoin’s utility by enabling its use in decentralized finance (defi) activities on the TON platform. TON Foundation Announces Bitcoin Bridge […]

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TON ecosystem scams on the rise: How to stay safe

July 10, 2024 Coin Telegraph

Coin Telegraph

As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.

The Open Network (TON), a blockchain platform integrated with Telegram, has experienced record-breaking growth in 2024. The number of onchain-activated wallets surged from approximately 1 million in January to over 9 million in June.

However, TON’s massive inflow of new users has not been overlooked by scammers. In June 2024, blockchain security firm SlowMist issued a warning on increasing phishing attacks on the TON ecosystem.

As the TON Foundation ambitiously expects to onboard 500 million users by 2028, it raises the question of how to properly protect users from attacks of all possible vectors without hindering rapid adoption.

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