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Toncoin has plunged 18% following the French authorities’ arrest of Pavel Durov, the CEO of Telegram. Duriv’s arrest significantly impacted the price of Toncoin, which plummeted 18% and is now trading at $5.74. The investor seems keen to know the future of Ton and whether the token may temporarily adopt a bearish stance, with volatility brought in by Durov’s arrest. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market Telegram CEO Pavel Durov Arrested: What Happened? Source: CNBC On August 24, Durov was detained by the French authorities soon after the telegram CEO landed in the region from Azerbaijan. The French unit, dubbed the OFIM, issues the warranty against Durov, a sectoral unit that deals with handling cases related to violence against minors. The report also stated additional allegations, including how Durov purportedly allowed criminal activities to spread via Telegram and allegations related to Telegram’s role in disseminating illicit activities d...

Solana’s promising GambleFi token, Mega Dice ($DICE), has now raised over $1.7 million in its ICO as investors continue to support this established name in the online betting world. Mega Dice’s influence in crypto gaming is evident with its growing player base of over 50,000, who wager an average of over $50 million monthly. Its already utility-packed native token, $DICE, is currently in presale and recently gained an added feature: staking. This enhancement has likely been a key driver behind the influx of new investors with substantial capital purchasing $DICE lately. Therefore, in addition to unlocking lucrative rewards, cashback, and exclusive promotions, $DICE holders can now earn passive income as well. This is akin to becoming stakeholders of Mega Dice’s online casino business since the staking rewards are directly tied to the profits generated by the casino’s operations. Investors looking to join the trend and capitalize on...

Fanton brings blockchain-based fantasy football to Telegram thanks to the IM service’s recent integration with the TON blockchain. What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their favorite teams. Built mainly for football fans, the fantasy sports industry, a vast network of virtual sports leagues where users can create their own teams, has also grown to become a $25 billion global market. Mixing fantasy football with blockchain features like nonfungible token (NFT) cards could create an ideal entry point to Web3 for the masses. However, current platforms present complex mechanics for newcomers, and most of them lack in-platform user interaction —a big loss considering the social aspect of fantasy football. Soccer superstars as collectible cards...

Maestrobots, a group of crypto bots on Telegram, has refunded users 610 ETH in the aftermath of a 280 ETH smart contract exploit on Oct. 24. Maestrobots, a group of cryptocurrency bots on the Telegram messenger, is refund ing users in the aftermath of a 280 Ether (ETH) attack. The Maestro team refunded the users affected by the Maestro Router 2 contract, the platform announced on X (formerly Twitter) on Oct. 25. According to the announcement, Maestrobots paid a total of 610 ETH in its own revenue to cover all the user losses, worth more than $1 million at the time of writing. “Every wallet that lost tokens in the router exploit has now received the full amount they lost. Some of you ended up with even bigger bags,” Maestro wrote. The Maestro team noted that some amounts were paid back in affected tokens and ETH. For nine out of the 11 exploited tokens, Maestro chose to buy and refund tokens instead of sending ETH because “it's the most equitable and complete refund” it could offe...

Telegram founder Pavel Durov has repeatedly pointed out the role of the TON blockchain in the potential Web3 journey of Telegram. The Open Network (TON), a decentralized blockchain platform originally designed by Telegram, has secured major funding from the venture arm of the cryptocurrency exchange MEXC. TON has raised an eight -figure investment from MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, the firm announced on Oct. 4. In conjunction with funding, MEXC and the TON Foundation have entered into a strategic partnership aiming to promote global Web3 accessibility by lowering the barriers of entry. As part of the deal, MEXC crypto exchange will provide marketing services and promotion for the TON-based projects listed on their platform. The firm is also set to launch a TON collateral lending service and eliminate trading fees for the TON token. "The previous cost was the same for most cryptocurrencies on their exchange," TON Foundation’s dire...

Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto. The cryptocurrency payment industry continues to evolve with a new cryptocurrency payment option coming to crypto-friendly Telegram messenger. Wallet, a Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has launched a crypto payment solution based on The Open Network (TON) blockchain. Called Wallet Pay, the new service provides crypto payment transactions between users and retail businesses, enabling direct payments within the Telegram interface. Announcing the news on July 13, Wallet told Cointelegraph that the new payment feature is immediately available within all jurisdictions supported by the wallet service. At the moment, this list of supported jurisdictions supported by Wallet Pay includes most countries except for the United States and those blacklisted by the Financial Action Task...