Cryptocurrency 

Telegram’s TON Launch and Token Distribution — All the Details to Date

In just the last few months, the entire landscape of the crypto industry has changed. Innovation once came from within, with a number of early influencers earning god-like status among the crypto community. In 2019, the industry is marching to a very different tune, with tech companies expanding their influence out of their respective sectors and into the realm of finance.  Telegram’s Telegram Open Network (TON), powered by its own in-house cryptocurrency, Gram, hoped to be the first token-backed product for mainstream use launched by an established tech firm. Just…

Read More
Bitcoin 

QuadrigaCX Users Request Details on How EY Lost 103 Bitcoins

Users of now-defunct Canadian cryptocurrency exchange QuadrigaCX are requesting further information concerning the recent loss of 103 Bitcoins (BTC) during the funds’ recovery. An unfortunate loss As Cointelegraph reported in February, one of the Big Four accounting firms — EY (formerly branded as Ernst & Young) — was appointed by QuadrigaCX as an independent third party to monitor the proceedings in a creditor protection case. Ey announced at the time that “Quadriga inadvertently transferred 103 Bitcoins valued at approximately $468,675 to Quadriga cold wallets, which the Company is currently unable…

Read More
Bitcoin 

Swiss Data Protection Regulator Seeks Details on Facebook’s Libra

The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the forthcoming Libra digital currency, Reuters reported on July 23. The Federal Data Protection and Information Commissioner (FDPIC) — the competent authority for data processing by federal bodies and individuals in Switzerland — sent a letter to Libra Association on July 17, asking for details about Libra. The FDPIC stated: “The Federal Data Protection and Information Commissioner has noted the remarks made by Mr. David Marcus at his hearing before…

Read More
Cryptocurrency 

New Report Reveals Details of Telegram’s TON Blockchain

A new report on the Telegram Open Network (TON) by Russian research agency Aton — published today, June 14, on Cointelegraph — reveals new details about one of the most anticipated projects in the crypto space. TON is a blockchain platform developed by encrypted instant messaging service Telegram, which is widely regarded as one of the primary means of communication within the blockchain and crypto community. The blockchain network reportedly aims to gain wide usage due to the active, crypto-friendly Telegram community. According to the report, TON will facilitate internal…

Read More
Ethereum 

Ethereum Foundation Announces Details on $30 Network Development

The Ethereum Foundation has announced a three-pronged approach to allocating the $30 million it has designated for developing the Ethereum network over the next year, in an official blog post on May 21. The breakdown for the three categories is future projects at $19 million, current projects at $8 million, and developer supports at $3 million. Much of the funding will go to Ethereum 2.0 projects including client teams, research, documentation and communication, and layer two projects like Plasma. Plasma, which was first proposed by Vitalik Buterin and Joseph Poon…

Read More