Telegram to Allow Moderation, Considers Leaving Incompatible Markets | Key Points | Sept. 6. 2024
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap, Telegram’s Pavel Durov is back.
Here are the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates 📈
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $55,714.11, down 2.2% over the last 24 hours.
- Ethereum (ETH): $2,343.90, down 2.4% over the last 24 hours.
- Solana (SOL): $128.27, down 3.3% vs the previous day.
Trending Coins Update
- Quickswap: $0.0428, up 15.4% vs the previous day.
- Moonwell: $0.0161, up 27.9% over the last 24 hours.
- Toncoin: $4.78, up 4.8% vs the previous day.
For the daily price update, check out our post on Facebook.
🎮Reminder: Blockchain Game Alliance Survey
🌐 The Blockchain Game Alliance (BGA) has launched its 2024 State of the Industry Survey! Your insights can shape the future of web3 gaming: https://bit.ly/bgasurvey24
Feature News: Telegram to Allow Moderation, Considers Leaving Incompatible Markets
Telegram is changing its rules on private chats after CEO Pavel Durov was arrested in France. The app now allows users to report illegal content in private conversations, something that wasn’t possible before.
Key details:
- The new policy lets users flag illegal activity in private chats, which were previously not moderated.
- Durov was arrested for allegedly allowing illegal content like child pornography and drug trafficking on the platform.
- He denies the charges but is required to stay in France as the case moves forward.
Durov’s addressed everything in a lengthy Telegram post. Here are the key insights:
- After his arrest, Durov said Telegram is willing to leave countries where it can’t agree with government rules on privacy and security.
- He mentioned past exits from Russia and Iran over similar issues.
These changes could help Telegram address concerns about illegal activities on its platform while balancing its focus on privacy.
How does this impact crypto?
- Telegram has a strong presence in the crypto world, holding $400 million in digital assets as of 2023. The platform has used the TON blockchain (Telegram Open Network) for various services, including cryptocurrency transactions.
- If Telegram pulls out of certain countries over regulatory conflicts, its crypto activities in those regions might also be affected.
- This is especially true for the increasingly popular tap-to-earn games, where more than half of the players are new to crypto.
What’s next: Telegram has already updated its FAQ:
Philippine Crypto News 🇵🇭
- Coins.ph listed $ISK.
- Web3 Bulacan shared the upcoming Solana Buidlstation is set to happen in San Jose Del Monte, Bulacan.
- Paytaca is participating in St. Paul’s School of Professional Studies’ EntrepMall.
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Uphold CEO Simon McLoughlin criticized the surge of memecoins, calling it a troubling trend that devalues the crypto space.
- ApeCoin‘s new BluePrint initiative aims to boost development and app creation for the upcoming ApeChain network.
- Worldcoin aims for global reach by scaling up iris-scanning “Orbs” and launching a new device.
- EigenLayer’s second “stakedrop” will distribute 86 million EIGEN tokens to stakers, node operators, ecosystem partners, and community members starting September 17, 2024.
Educational Corner 🎓
- As the new month enters, check out the monthly updated List of 170+ Cost Free Airdrops 2024 Without Spending Money.
Regulation Watch 📜
Stay informed about the latest regulatory updates and what they mean for you:
- The Federal Reserve issued a cease and desist order to United Texas Bank for significant deficiencies in governance, risk management, and compliance related to crypto customers.
- The SEC extended its decision deadline to November 21, 2024, for 7RCC’s proposed Spot Bitcoin and Carbon Credit Futures ETF.
- Uniswap Labs settled with the CFTC for $175,000 over charges related to illegal leveraged and margin commodities trading.
Community Spotlight 🔦
Meet Verlin Santos: He is a notable figure in the web3 and NFT space in the Philippines.
He also released the NFT collection “KONSEPTO + KONTEKSTO,” on the Tezos blockchain.
He is the founder of Titik Poetry, an art collective known for its innovative approach to spoken word poetry and NFTs.
Santos previously launched his first spoken word EP, “Galing sa Pinilas na Papel,” as an NFT on the Ethereum-based marketplace Foundation.
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- Samsung Next invested in Startale Labs to boost Web3 development, partnering with Sony on the Soneium Layer 2 blockchain.
- Bybit Web3’s Babylon Season offers diverse rewards and enhanced Bitcoin liquidity running until September 20, 2024.
- New AI startup, Safe Superintelligence (SSI), raised $1 billion to develop advanced, safety-focused AI systems, aiming to surpass human capabilities.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- Yuga Labs is launching a sequel to its popular mini-game, Dookey Dash, titled Dookey Dash: Unclogged, on September 12.
- Google unveiled GameNGen, an AI-powered game engine capable of real-time game simulation.
- Floki partnered with OG Esports to integrate its blockchain-based MMORPG, Valhalla, into the esports scene.
Event Announcements 📅
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Bicol Traders Meet 2024: September 7, 2024
- Bulacan Solana Buidlstation: September 7, 2024
- Web3ÂI: September 14, 2024
- Scarletbox x Atsbury: Night of Arts and Chats: September 19, 2024
- Blockchain Campus Conference 2024: October 10, 2024
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This article is published on BitPinas: Telegram to Allow Moderation, Considers Leaving Incompatible Markets | Key Points | Sept. 6. 2024
