#TelegramCEO

Telegram CEO Durov faces preliminary charges in France of allowing crime on messaging app

French authorities have handed Telegram CEO Pavel Durov preliminary charges for allowing alleged criminal activity on his messaging app, and barred him from leaving France pending further investigation.

PARIS (AP) — French authorities handed preliminary charges to Telegram CEO Pavel Durov on Wednesday for allowing alleged criminal activity on his messaging app and barred him from leaving France pending further investigation.

Both free-speech advocates and authoritarian governments have spoken in Durov’s defense since his weekend arrest. The case has also called attention to the challenges of policing illegal activity online, and to the Russia-born Durov’s own unusual biography and multiple passports.

#TON
today ton is bearish 🙃

#TON
TON struck by outage, no new blocks produced in 3 hours

The Open Network (TON) has stopped validating new transactions and hasn’t produced a new block in more than three hours.

In an Aug. 28 X post, the TON-based community platform Tonk Inu said that the TON network had been experiencing an ongoing outage and pinned the blame on a frenzy of market hype over a newly launched Dogs (DOGS) memecoin.

At the time of writing on Aug. 28 at 2:18 am UTC, the last transactions on TON were approved more than three hours ago in block 45341899, with the network failing to produce any new blocks since then, according to TON network tracker Tonscan.
Citing network instability, crypto exchange Bybit said it had suspended all deposits and withdrawals to TON until the network had been restored to normal.

In an Aug. 28 X post, TON Foundation member Justin said the outage was the result of a “network overload” due to the high number of DOGS transactions. He also noted that TON validators had become overloaded, causing them to lose consensus.
#yusufoa

Crypto VC Lemniscap raises $70m fund to back web3 startups

Crypto-focused venture capital firm Lemniscap has announced a $70 million fund to support startups in the nascent web3 ecosystem.

According to Lemniscap, the new fund will be anchored by Accolade Partners, a fund of funds focused on early-stage VC. Accolade also specializes in growth equity and blockchain fund investments.

Lemniscap plans to use the $70 million fund to back early-stage Web3 founders, according to a press release published on Aug. 28.Areas of focus across the blockchain ecosystem will include zero-knowledge infrastructure, decentralized physical infrastructure, the Bitcoin (BTC) ecosystem, and phygital. DePIN and ZK are increasingly key ecosystems in the market.Ethereum (ETH) founder Vitalik Buterin shared his latest thoughts on ZK, noting that one “fascinating initial use case” for this technology are airdrops.

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#yusufoa
#BinanceBlockchainWeek

BTC Faces Resistance and ADA Coin Struggles
#BTC #ada
#yusufoa
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(BTC) continues its fluctuating movements, unable to surpass the $65,000 resistance for the second time. Despite a generally positive outlook in the crypto markets, the third-quarter performance has historically been the weakest period of the year. BTC remains calm despite several promising developments.Why is ADA Coin Struggling?ADA Coin faced resistance at $0.4, which it briefly breached but quickly lost. The movement of the MVRV ratio into the sales zone also influenced this performance. Although investors have an optimistic outlook for the fourth quarter, the overall weakness in the crypto market might persist until mid-September.Will PCE Data Impact Crypto?Friday’s upcoming PCE data could potentially trigger an unexpected drop, although this is not anticipated. The 30-day MVRV ratio for ADA Coin reached 11.4%, where a range of 8% to 18% is typically a sell signal for investors. Currently, the ratio has decreased to 5.4%.Key Inferences for InvestorsDespite the positive funding rate in futures, indicating that investors are not overly pessimistic, BTC is currently at $63,400, with most altcoins in the red. Here are some critical points for investors:A failure to surpass $65,000 suggests a potential pullback to $60,000 for BTC.ADA Coin’s inability to keep up with competitors could indicate a long-term issue.If ADA Coin falls below $0.37, it may target $0.34 as the next support level.A third attempt by BTC at $65,000 and ADA Coin surpassing $0.4 could target $0.44.

how do you feel about dogs?
#DOGSONBINANCE
$DOGS #dogs
bullish or bearish 🙃🙂

Peasant Pepe Solana Memecoin Will Explode Over 19,000% Ahead of Exchange Listings, While SHIB and DOGE Lag

#pepe pepe

Peasant Pepe (PEPEPEAS), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.

This is because PEPEPEAS is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Peasant Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Peasant Pepe could become the next viral memecoin.

Peasant Pepe launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
$PEPE
$SOL $MEME

$BTC Why Did Bitcoin Fall?

Hours earlier, the Bitcoin price had surpassed $73,000 but then fell back below $70,000 and has not yet reclaimed its peak. The drop in Bitcoin’s price also triggered losses in altcoins. The inflation data released by the U.S. Bureau of Labor Statistics (BLS) was what sparked the market downturn.

Inflation for February came in at 0.4%, higher than expected, supporting the narrative of Federal Reserve members that “there may be less easing this year than expected.” Although January’s data was not much heeded, this figure confirms the persistence of inflation and could be a main topic at the meeting at the end of the month.

The annual rate is at 3.1%, and compared to January’s forecast of 3.1%, it has risen to 3.2%. According to the BLS’s official statement, rising housing and gasoline costs contributed more than 60% to the Consumer Price Index (CPI).

Bitcoin Price Fluctuations: Causes and Market Impact

#BTC #BTC
Bitcoin (BTC) price experienced a rapid drop to $68,620 in the last 24 hours, erasing $4,400. However, it then reclaimed the $70,000 level and at the time of writing, it is finding buyers at $71,200. What is the reason behind this volatility in cryptocurrencies?

Solana Weighs Significant Changes to Deal With Network Demand

Solana stakeholders are weighing tough choices in an effort to improve the usability of the fast-rising blockchain network.

A rush of user activity on the Solana blockchain network is bringing with it some considerable challenges.

Among them is chain congestion so great that it has prompted stakeholders within the blockchain ecosystem to consider major changes to the network’s operations. At the same time, a significant increase in DeFi activity has given way to malicious actors who seek to exploit the network’s low fees at the expense of other users.

In an effort to address the latter concern, Jito Labs, the Solana infrastructure developer, announced Friday evening that it was shutting down its mempool—one of the company’s key offerings—after the service was repeatedly manipulated to enable bot attacks on Solana users during periods of heightened network activity.

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SHIB vs XRP: Will the Memecoin Flip the Embattled Token?

#SHIBA🔥 #XRP"
If recent trends and predictions are correct, Ripple (XRP) could drop below Shiba Inu (SHIB) on the market cap standings. At press time SHIB was number 10 while XPR had a higher capitalization, placing it at number 6.

However, XRP’s performance lately has been underwhelming when compared to that of SHIB. For instance, the price of XRP has increased by 2.17% in the last seven days. But SHIB has had an incredible 70.49% climb within the same period.

High Conviction for SHIB But None for XRP

On March 9, analyst Ali Martinez predicted that SHIB could be set for another 40% increase. According to Martinez, SHIB had formed a symmetrical triangle on the 4-hour chart. 

If the price sustains above $0.000038, it could rise as high as $0.000052. However, the analyst also noted that a slip below $0.000033 could invalidate the bullish thesis.

The Fed Rate Hasn’t Even Dropped

The Bitcoin price is soaring to new all-time highs, and the federal funds rate for borrowing U.S. dollars has not even started to drop. The last time Bitcoin’s price soared this high, the dollar supply was at high tide, and the Fed held rates down low. This time, it did it without low rates.

James Butterfill, head of research at digital asset management firm CoinShares, recently told ABC News “the price surge has coincided with a period of stubbornly high interest rates, suggesting that the jump in demand owes little to excess cash in search of a place to land.”

When this changes, most likely in 2024, Bitcoin’s deflationary shelter from the Federal Reserve becomes a huge source of demand for the cryptocurrency while it enjoys the same boost of investment that tech stocks get from the glut of cash and the cheap borrowing of a low-interest rate regime.

The Ultimate Price Prediction of Altcoins: Analyzing BitTorent (BTT) and BEFE’s Race to $1

It’s no surprise that altcoins are on a bullish streak. Since Bitcoin (BTC) broke past the $60,000 mark, all altcoins are following its bullish lead. Amid the passionate response from the crypto community, many analysts have taken to sharing their bullish predictions for their favorite altcoins.

Price predictions for XRP, VET, BTT, and BEFE have caught the interest of the masses. In fact, as each prediction is made, these assets continue to climb along with other popular altcoins. It truly seems like altcoin season is here.

Some analysts are sharing their bullish altcoin predictions for before and after the Bitcoin Halving event. Many have set targets for each altcoin to hit before the Halving event. Once the Halving event takes place and analysts have a moment to observe the market, more bullish long-term predictions for the bull run cycle will appear.

BTC just has hit the $65,000 level 😯

We are closer and closer to the $70,000 target 💪

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Nigeria good people, please read this ?

FURIOUS NIGERIA ASKS BINANCE CEO TO SHOW UP AS SOON AS POSSIBLE

Nigeria’s House of Representatives, particularly its Financial Crimes Committee, is on the warpath, calling out Richard Teng, the big boss at Binance. They’ve given him a week to make his way to them by March 4, 2024, no ifs or buts. The reason? They’re eyeballing Binance with suspicion, thinking it might be messing around with money laundering and even funding terrorism.

So, here’s the deal: Ginger Onwusibe, the head honcho of this committee, laid down the law last Friday. He’s pretty miffed that Binance seems to be giving Nigerian laws the cold shoulder, especially when it’s about how businesses and financial dealings should go down in Nigeria.

The Nigerian Central Bank has been throwing some serious side-eye at Binance, hinting that they’re not just trading cryptocurrencies but might be laundering money too. Onwusibe’s not having any of it. He’s like, if Binance doesn’t show, they’re ready to pull out the big guns and use their power to make them regret it.

They’ve been trying to get Teng to come over for a chat since December 12, 2023, but he’s been playing hard to get. Onwusibe’s message is clear: Nigeria’s not going to let foreign companies come in and play fast and loose with the rules, especially not when the country’s trying to keep its head above economic waters.

Onwusibe’s pretty vocal about needing every tax dollar and stopping any flow of cash to bad actors. And he’s all about protecting Nigerian investors from companies that might want to take advantage of them. He’s calling out Binance for not doing their part, like paying taxes and having a place where Nigerians can go if they’ve got beef with Binance’s services.

Binance, on the other hand, is like, “What fines?” They said they chatted with Nigeria about sorting things out but didn’t get any memo about coughing up $10 billion. They’re not keen on paying fines, especially when they think they’ve done nothing wrong.

Nigeria good people, please read this ?

FURIOUS NIGERIA ASKS BINANCE CEO TO SHOW UP AS SOON AS POSSIBLE

Nigeria’s House of Representatives, particularly its Financial Crimes Committee, is on the warpath, calling out Richard Teng, the big boss at Binance. They’ve given him a week to make his way to them by March 4, 2024, no ifs or buts. The reason? They’re eyeballing Binance with suspicion, thinking it might be messing around with money laundering and even funding terrorism.

So, here’s the deal: Ginger Onwusibe, the head honcho of this committee, laid down the law last Friday. He’s pretty miffed that Binance seems to be giving Nigerian laws the cold shoulder, especially when it’s about how businesses and financial dealings should go down in Nigeria.

The Nigerian Central Bank has been throwing some serious side-eye at Binance, hinting that they’re not just trading cryptocurrencies but might be laundering money too. Onwusibe’s not having any of it. He’s like, if Binance doesn’t show, they’re ready to pull out the big guns and use their power to make them regret it.

They’ve been trying to get Teng to come over for a chat since December 12, 2023, but he’s been playing hard to get. Onwusibe’s message is clear: Nigeria’s not going to let foreign companies come in and play fast and loose with the rules, especially not when the country’s trying to keep its head above economic waters.

Onwusibe’s pretty vocal about needing every tax dollar and stopping any flow of cash to bad actors. And he’s all about protecting Nigerian investors from companies that might want to take advantage of them. He’s calling out Binance for not doing their part, like paying taxes and having a place where Nigerians can go if they’ve got beef with Binance’s services.

Binance, on the other hand, is like, “What fines?” They said they chatted with Nigeria about sorting things out but didn’t get any memo about coughing up $10 billion. They’re not keen on paying fines, especially when they think they’ve done nothing wrong.

#PEPE‏ pumping hard

Fantom Price Nears Bullish Breakout, Trading at $0.60

The Fantom price is charting a promising trajectory, poised to bring considerable profits to its investors. After enduring a period of consolidation in recent weeks, the current price action suggests the formation of a bullish pattern. A successful breakout from this pattern could propel the price to reach new highs, offering investors lucrative opportunities.

Fantom Prediction Statistics Data:

Fantom price now – $0.60

Fantom market cap – $1.7 billion

Fantom circulating supply – 2.8 billion

Fantom total supply – 3.1 billion

Fantom Coinmarketcap ranking – #59