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This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Minter, a blockchain network originating from the largest Russian-speaking crypto Telegram community DeCenter, has announced its integration with Telegram Open Network (TON), the project founded by Pavel Durov, the
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Telegram and other social messaging apps play an increasing role of importance in the cryptocurrency ecosystem. Various new services are being built to bridge the gap between crypto and these services. ParJar is an interesting platform in this regard. The following reasons make the platform stand out, assuming the team can maintain a stable ecosystem.
One key issue a lot of novice cryptocurrency users deal with is setting up a wallet to store funds. ParJar is accessible even when not using a specific wallet, as the service offers digital wallets for users. It is possible to withdraw the funds to one’s own personal wallet at any given time, which makes it interesting to explore new currencies accordingly.
Digital bank Revolut is planning to expand its operations in America and Russia. Also, payment card provider Fuzex signs an agreement with Dash, a US-based startup offers an alternative to Telegram, and crypto firm Smart Valor receives approval as a financial operator in Switzerland.
Also read: Robinhood Aiming for IPO, Dodgers to Give Away Crypto Tokens
UK-based online bank Revolut has some serious plans for expansion this year which include North America and the Russian Federation. Its cofounder and CEO Nikolay Storonsky recently revealed that the waiting list in the US now numbers 60,000 potential customers. Storonsky announced the plans to launch in the United States and Canada during the Techcrunch Disrupt conference noting that his company intends to start issuing its cards no later than December.
Telegram, the ICO led social messaging app is current banned in Russia, although according to reports, this ban could soon be overturned if the company agree to share their encryption keys with law enforcement authorities in Russia. This comes as the Federal Security Service (FSB) have decided that they need to access encrypted messages in order to combat terrorism, though we can question if Telegram really is the arena of choice for terrorist communications.
According to CCN:
“Russia’s telecommunications watchdog said that it will consider reversing the ban on messaging service Telegram if the company submits to a court order requiring it to share its encryption keys with federal law enforcement.
Thus far, 2018 has largely been a period of uncertainty regarding the state and future of Initial Coin Offerings. With the US SEC taking an increasingly active role in the regulation of ICOs, and an increasingly controversial perception of this funding method, it is unclear what sort of role ICOs will serve in both the short and long run.
Earlier this week, the Wall Street Journal reported that Telegram had decided to cancel its hotly anticipated ICO. The encrypted messaging application plans to create the Telegram Open Network (TON), a massively scalable blockchain ecosystem for micropayments and file storage, among other services, through DApps and smart contracts across multiple, connected blockchains.
Telegram is great…when it works. Unfortunately, the crypto world’s favorite messaging app is prone to periodically going down due to technical failures and what seems like repeated attempts by the Russian security services to meddle. Over-reliance on Telegram is a classic case of over-centralization. For cryptocurrency projects seeking a fallback alternative, the following options are worth a look.
Also read: Japan’s SBI Unveils New Plans to Start an Exchange for Major Cryptocurrencies
Technical Issues, blockchain plans, and bitcoin pranks – we’ve got a colorful selection of news in today’s Bitcoin in Brief. The popular messaging app Telegram was down for some users in Europe and the Middle East over the weekend, but the problem has been resolved. Also, a bitcoin logo appeared on the facade of the Swiss National Bank building in Zurich. Do you want to know who’s behind the idea?
Also read: This Week in Bitcoin: Amazon Wants to Track You and TD Ameritrade Plants a Flag
Amid chaos and mass complaints, the Russian government may have to “ban Bitcoin” in order to successfully ban Telegram.
The ‘solution’ to the seemingly impossible task of stopping Russian users accessing the encrypted messenger app underscores the crude reality of censoring global (and decentralized) networks.
That’s according to social media commentators both inside and outside Russia, who are responding to the country’s telecommunications regulator Roskomnadzor’s failure to actually block Telegram with a mixture of embarrassment and satirical joking.
Telegram, one of the most popular messaging apps in the world, has been shut down by the Russian government.
A recent Forbes article has reported that the Russian government has moved on shutting down Telegram, the major messaging platform, in Russia. The FSB, Russia’s main intelligence agency, requested the encryption keys for the app multiple times, but the messaging platform refused to hand them over.
The founder of Telegram, Pavel Durov, is now living in self-imposed exile. About this volatile situation, he said:
Privacy is not for sale. Human rights should not be compromised out of fear or greed.
Something happened this week that rarely occurs, history offered up a side-by-side comparison with a control. Heads of respective social network and messaging platforms Facebook and Telegram were each brought before their home governments, the United States for Mark Zuckerberg, Russia for Pavel Durov. How the two men responded is telling, and should inform everyone concerned with privacy, especially cryptocurrency enthusiasts.
Also read: CBS’s NCIS Los Angeles Weaves Stolen Bitcoin Into Script, LL Cool J Is on the Case
Russian security services ordered Telegram to hand over access to encrypted user messages, but the messaging application (app) refused. Founder Pavel Durov didn’t bother to send lawyers to Moscow’s Tagansky court, and the court dutifully ruled against his company, taking less than 20 minutes in decreeing an immediate ban.
Also read: CBS’s NCIS Los Angeles Weaves Stolen Bitcoin Into Script, LL Cool J Is on the Case
As reported by Quartz, someone has created a sham company with the name of the Telegram ICO, Telegram Open Network Limited. The UK company, registered with Companies House on Feb 28, lists Pavel Durov as CEO, but was confirmed as a fake by Telegram over Twitter.
Keen observers may, however, have spotted the clues suggesting that the company may not be all that it seems.
For starters, the listing claims that Pavel (stated as sole director, shareholder and company secretary) is a British citizen. In fact, Durov is a citizen of St Kitts and Nevis. He left his native Russia after he was ousted from the VK social network which he founded.
Telegram’s initial coin offering has been the catalyst of confusion among Iran’s leadership, with conflicting statements regarding a potential ban on Telegram being made by officials. A few days ago, Iranian parliamentarian, Alaeddin Boroujerdi told media that Iran’s “highest level” officials wish to ban Telegram by April 20 due to the app’s monopoly position within the country and concerns that Telegram’s cryptocurrency may “undermine the national currency” in Iran. Despite M. Boroujerdi’s comments, the Iranian president, Hassan Rouhani, has spoken against the rumored ban.
Also Read: Venezuela to Use the Petro to Buy Auto Parts from Russia
Iran’s president has spoken out against aired plans to ban Telegram’s messaging app over fears its new token may undermine the national currency.
CoinDesk
Telegram has lost a court battle against handing its encryption keys to Russian security services. The messaging platform, which forms a pivotal network for the cryptocurrency community, has said it will appeal to the Supreme Court in a bid to prevent Russia obtaining the private data of millions of users.
Also read: Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’
CoinDesk has identified several websites claiming to sell Telegram’s gram token, but the sale is known to be a private placement effort.
CoinDesk
From tech flaws to regulatory interventions, a document sent to prospective investors in Telegram’s $ 2.5 billion token sale spells out the risks.
CoinDesk
The Telegram ICO is well on its way to its $ 2 billion goal as it raises a whopping $ 850 million during its pre-sale.
When rumors leaked about a Telegram ICO, people took notice. The messaging app has become indispensable for many segments of society, especially for the crypto world. The overall goal of the app’s ICO is an eye-opening $ 2 billion, which would make it the largest ICO in history. While some scoffed at such a number, that goal now appears to be easily manageable as the pre-sale netted a total of $ 850 million.
Most people who have been active in the Bitcoin world for a while now will remember a company called BitPesa. Similar to how M-Pesa offers remittance services to Kenyans, BitPesa would do the same but based entirely on Bitcoin. Unfortunately, BitPesa never made as big of a splash as the company would have wanted, but Bitcoin’s story in the Kenyan remittance business is far from over.
Also read: EmailPay Lets Users Send Bitcoin To Any Email Address
Two of the more interesting developments in the Bitcoin ecosystem over the past year, come in the form of using Bitcoin on popular social messaging platform Telegram and the launch of Tether. Both projects are distinctly different from one another, but there are companies looking to combine the power of both. HolyTransaction is one of those companies, as their new HolyTransaction Bot supports both Telegram and Tether.
The first major development announced by HolyTransaction mentions the platform’s online bot, which can now be accessed by users of either Telegram or GetGems Messenger. As mentioned in previous articles, GetGems Messenger is built on top of the Telegram codebase, making both platforms interoperable with one another.
