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yusuf OA
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#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.
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#TON today ton is bearish 🙃
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#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
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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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BTC Faces Resistance and ADA Coin Struggles #BTC #ada #yusufoa #please like and follow. (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.
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