Per a May 12 message from Telegram CEO Pavel Durov, the company is calling it quits on the Telegram Open Network and the linked GRAM tokens following a lengthy battle with the United States Securities and Exchange Commission. Disclaimer: This story is breaking and will be updated. Please check in later for more information. Original
Telegram founder Pavel Durov wrote in his public channel Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). “Today is a sad day for us here at Telegram. We are announcing the discontinuation of our blockchain project. Below is a summary of what it was and why we had to abandon it,” he wrote. An accompanying blog post said the SEC’s winning of a preliminary injunction in a U.S. court led to the…
YouTube blocked Cryptox’s live stream of the Bitcoin halving event. YouTube is known to do the same with other cryptocurrency-related content providers. YouTube yesterday canceled Cryptox’s Bitcoin halving live stream. This occurred as the cryptocurrency news outlet was already over six hours and forty-two minutes into the event. Sources say that YouTube blocked the stream and cut off over 2000 subscribers. YouTube had allegedly blocked the content because it was labeled as “harmful” content by the video provider. Cryptox had planned the whole day with relevant content. Personalities in the…
With the third Bitcoin halving in the rear view mirror, Markets Daily is back with your bitcoin news roundup for look at price movements, problematic privacy and more… Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original
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On May 15, the Bitcoin Cash (BCH) blockchain will be upgraded and there will be at least three new features added to the longest chain. The upgrade in three days is being discussed fervently by the community, because it follows the recent and controversial Infrastructure Funding Proposal (IFP). Bitcoin Cash to Upgrade In Three Days – Bitcoin ABC’s Amaury Séchet Discusses IFP During Recent Podcast In three days’ time, the Bitcoin Cash (BCH) blockchain will upgrade again, adding a few new features to the network. If things go smoothly, as…
Bitcoin’s (BTC) third block halving has finally taken place. The year’s most talked-about crypto event happened at 3:23 p.m. EST on Monday, May 11, as block number 630,000 was successfully mined. The Bitcoin block reward has now gone down from 12.5 BTC to 6.25 BTC, which will likely have many repercussions on the industry. But here’s how the historic event went down. Bitcoin halving 101 First, the definition of Bitcoin’s halving states that every four years producing BTC becomes more difficult, as block rewards get cut in half by a…
Martin Chorzempa, a research fellow at the Peterson Institute for International Economics, provided insight into the motivations and objectives underpinning the development of China’s state-backed Blockchain Service Network while speaking at Consensus: Distributed on May 12. Chorzempa highlighted the domestic goals of China’s blockchain strategy, describing the BSN as a means for China to keep abreast of innovations within the distributed ledger technology sector while restricting the penetration of foreign firms and protecting against capital flight. China’s strategy design to mitigate “foreign threat” Chorzempa emphasized that China wants to be “at the…
Bitcoin (BTC) was fighting for $9,000 support on May 12 as more public praise surfaced amid continued dismal conditions for the world economy. Cryptocurrency market daily overview. Source: Coin360 BTC price unmoved by halving Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD closing in on the $9,000 mark on Tuesday, having briefly clipped it the day before. Bitcoin 1-day chart. Source: CoinMarketCap After its third block subsidy halving completed, excitement has grown over the next price move for Bitcoin, which lost $1,200 in the run-up to the event at the…
Miners have been faced with the impacts of the recent Bitcoin halving and the coronavirus pandemic. The adjustment of the Bitcoin’s network mining reward size, known as Bitcoin halving, gets triggered every 210,000 blocks mined, around every four years, usually has an effect on crypto markets. The mining industry has faced immense pressure during halvings, as the reward for producing a new block on the Bitcoin blockchain is reduced by half. Miners would need to rely on the surge in coin prices or a higher transaction volume to…