Altcoin News Official TheBitTimes.com

Telegram CEO Pavel Durov was arrested in France this Saturday, August 24. His arrest raised concerns about the messaging app’s future and related cryptocurrencies like the Toncoin (TON) from The Open Network. French authorities arrested Pavel Durov at the Bourget airport outside of Paris under allegations of facilitating criminal activities on Telegram. According to an SCMP report, Durov was under investigation due to a “lack of moderation” on the messaging app. He will face possible indictment today, which may affect Telegram and TON. Despite ongoing efforts to separate The Open Network brand from the messaging app, Toncoin surged mainly because of Telegram’s reputation, user base, and infrastructure. Therefore, growing uncertainties related to the future of the company could affect the market’s confidence in the cryptocurrency. Picks for you ...

TON's price risks a carrection in the short term as it nears a confluence of historically strong resistance zones. Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram. In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 billion — its highest ever.  Telegram CEO buys $200K of TON On Nov. 6, Telegram announced Giveaways, a feature that enables channel owners to randomly distribute prizes among their followers. A day later, Pavel Durov, the CEO of Telegram, used $200,000 worth of TON tokens to pay for Telegram Premium subscriptions for 10,000 Telegram users. Pavel Durov's announcement of Toncoin giveaways. Source: Du Rove's Channel Notably, Durov used TON as a payment method within the Giveaways feature, at least for this specific case.  TON's price has rallied 19.5% since the Give...