Hamster Kombat to Launch on September 26th: Get Ready for the TGE and Listing!
The wait is over! Hamster Kombat ($HMSTR) is officially launching on September 26th, and it’s set to make a splash in the crypto world with its TGE (Token Generation Event) and listing. This is your chance to dive into the action-packed world of Hamster Kombat, where every coin is a battle won!
With a dynamic community backing and an exciting roadmap ahead, Hamster Kombat aims to bring fun and innovation to the meme coin market. Don’t miss your chance to join the ride—mark the date, gear up, and get ready to trade $HMSTR as it hits the exchange. Stay tuned to their official channels for more details and prepare to witness the Kombat begin!
What will happen to TON amidst all the latest developments? Is TON Network ready for a big ICO event?
Tether’s Bold Move: Launching a Dirham-Pegged Stablecoin in the UAE
Tether, the powerhouse behind the world’s leading stablecoin USDT, has announced a game-changing addition to its portfolio: a stablecoin pegged to the United Arab Emirates Dirham (AED). This development could redefine digital transactions in one of the world’s fastest-growing crypto hubs.
The new stablecoin is being developed in collaboration with UAE-based Phoenix Group and Green Acorn Investments, and it promises to be fully backed by liquid reserves in the UAE. This ensures the stability and trust that users have come to expect from Tether's suite of stablecoins, which already includes the USD, Euro, and Chinese Yuan, among others.
Why is this significant? The UAE is rapidly becoming a global economic powerhouse with a favorable regulatory environment for blockchain and digital assets. Tether’s Dirham-pegged stablecoin is set to facilitate seamless cross-border transactions, remittances, and trading in the region, offering businesses and individuals a secure and efficient way to transact in AED. Moreover, Tether’s initiative aligns with the UAE’s progressive Payment Token Services Regulation, which further integrates this new digital asset into the country’s financial framework.
With this bold move, Tether is not just expanding its product line but also solidifying its position as a leader in the global digital finance ecosystem. The Dirham-pegged stablecoin could soon become a vital tool for those looking to diversify their digital portfolios or conduct business in the UAE.
For further reading, check out the original announcements and in-depth analyses on [Cryptoglobe](https://www.cryptoglobe.com/latest/2024/08/tether-announces-development-of-uae-dirham-pegged-stablecoin/) and [ReadWrite](https://readwrite.com/).
Indian govt investigates Telegram as CEO Pavel Durov arrested in France; could ban the app, says Report.
Two days after the arrest of Russia-born Telegram CEO Pavel Durov in France, the Indian government has reportedly started investigating Telegram over concerns that the app is being used for criminal activities such as extortion and gambling, Moneycontrol reported.
The report also mentioned that the investigation could potentially lead to a ban on the app, depending on the findings.
The investigation is being conducted by the Indian Cybercrime Coordination Centre (I4C) under the Ministry of Home Affairs (MHA) and the Ministry of Electronics and Information Technology (MeitY), the report said.
Durov was arrested in Paris on Saturday, August 24, due to the app's moderation policies, specifically its failure to prevent criminal activities on the platform.
Telegram has over five million registered users in India, making it one of the country's most widely used messaging apps.
The report suggests that the government's investigation is focused on peer-to-peer (P2P) communications on Telegram, with particular attention to illegal activities like extortion and gambling.