Pavel Durov of The Open Network pledged to employ blockchain technology to power Telegram’s messaging software in the future. He revealed ambitious plans to tokenize features, give users a cut of ad revenue, and integrate Tether’s stablecoin at Token2049.Speaking to a crowded audience in Dubai, Durov extolled the virtues of blockchain technology’s capacity to uphold privacy and freedom before laying out ambitious ambitions to expand The Open Network’s (TON) functionality. “The reason we love blockchain. It’s a technology of freedom. We care about freedom. Even our logo, the paper airplane symbolizes freedom to move in three dimensions,” Durov said. The startup aims to enable its users to create tools, apps, and businesses on Telegram, according to the app’s founder. The app is believed to have over 900 million monthly users. According to Durov, unlike other significant messaging and social media companies that sell user data to advertising, Telegram has taken a different tack when it comes to monetizing its user populations.Recently, Telegram revealed plans to use its Ad Network to split platform revenue with content creators.According to Durov, the change represents one of the most advantageous revenue-sharing schemes in social media history.He added that channel owners and content producers using TON’s network would get 50% of Telegram’s revenue from broadcast channels and ad displays. “All these transactions, the payments for ads, withdrawals of ads are powered by blockchain. We will use the TON blockchain exclusively for that.”

In a research released on Thursday, Moody’s Investors Service analysts stated that tokenized assets can find a wider audience through secondary markets driven by blockchain technology. Real-world assets are represented on a blockchain through tokenization, and financial institutions all across the world are investigating how this can enhance the effectiveness, affordability, and accessibility of financial markets.As per a previous analysis by the ratings business, tokenization facilitates the division and representation of sizable assets like real estate or private equity into many tokens, hence expanding the investor base. According to Moody’s analysts, while governments and financial institutions have begun experimenting with the issue of tokenized assets, such as Hong Kong’s $100 million green bond last year, there aren’t many secondary markets where these assets may be exchanged after the initial offering.According to the latest analysis, this restricts the adoption of tokenization, although it also notes that secondary markets powered by blockchain are growing significantly. According to the paper, creating secondary markets for blockchain-based securities might boost market data accessibility, improve liquidity management, and speed up settlements. Blockchain and tokenization provide “significant innovations to secondary market structures.” “These blockchain-powered secondary markets address several perceived drawbacks of traditional secondary markets, including limited accessibility of certain asset classes, inefficiencies in settlement processes, and high operational costs,” the report said. The research notes that while these blockchain markets offer the possibility of innovation, there are also legal and technological obstacles. “The technology underpinning these markets, primarily smart contracts, is susceptible to risks such as bugs, rug pulls, price manipulations, and

Sam Altman, the CEO of OpenAI, launched the identity coin firm Worldcoin, and with its new blockchain network, World Chain, it is advancing its “human-centric” approach to the Web3.A new blockchain project called World Chain, which aims to prioritize human users, improve efficiency, and promote practical utility in Web3 apps, was unveiled by Worldcoin on April 17. Worldcoin’s quick growth is demonstrated by the fact that it has created more than 10 million World IDs and executed 75 million transactions.In order to suit the objectives of the project, its own specialized network has been created to scale alongside the larger Ethereum network as a layer 2.To learn more about Worldcoin’s network strategy and approach to keeping people at the center, Cointelegraph spoke with Tiago Sada, the organization’s chief of operations. According to Sada, World Chain will function technically like any other L2 and Ethereum, but it differs in that it gives humans priority over bots, since bot activity frequently causes blockchains to get congested. “Usually, the way it works is that every account is fighting for block space. Usually, since bots can move faster and they can outbid humans,” he said, “the networks get saturated with all the transactions for bots, and humans have whatever is left — many times, they can’t even get in.” In an attempt to address this, World Chain’s solution favors transactions carried out by confirmed World ID holders.

After a private key compromise, Grand Base (GB), a real-world asset tokenization technology that runs on Coinbase’s native layer-2 blockchain, lost $1.7 million. “On April 15 at 03:01:27 AM +UTC, an exploit happened on our contracts,” wrote an admin in the protocol’s Telegram chat. “For this specific reason, we urge all our community members to stay away from this contract as it is not safe anymore.” PeckShield, a blockchain analytics company, claims that a $1.7 million worth of tokens were stolen from its liquidity pools as a result of the private key leak. These tokens have now been exchanged for ether on the blockchain and delivered to an external address.The event also caused the native token of the protocol to lose 99% of its value in the last 24 hours. The Grand Base Telegram admin reiterated that “this token contract

The blockchain bridge application “Transporter,” developed by data provider Chainlink (LINK), was revealed on Thursday. It enables users to transfer data and cryptocurrency assets between different networks. In an interview on Telegram, a Chainlink representative described the bridge’s goal as providing “a cost-efficient way to make high-value token transfers across blockchains with peace of mind”

A $10 million fundraising round headed by Framework Ventures has been announced by Uplink, a business that aims to democratize internet access.The company operates in the Decentralized Physical Infrastructure Network (DePIN) space, which according to data source Messari may have a $3.5 trillion market cap by 2028. DePIN initiatives link blockchain technology to tangible processes and frequently provide tokens as a means of encouraging crowdsourcing of the infrastructure. Uplink aims to improve distributed and user-operated infrastructure by offering decentralized network connectivity. The company claims that the goal is to lessen dependency on conventional, centralized telecommunications providers. Tokens will be awarded to users and businesses for their contributions to and use of the network.They can install gear that is compatible with the Uplink network or integrate their current infrastructure into it for their business or community. Later this year, the business intends to create a token. “By creating financial incentives that encourage people to increase DePin-powered internet access, more users will then be able to access connectivity wherever Uplink offers coverage and flag areas of need where it does not,” the company said in the press release. Most DePIN projects, including Helium, have traditionally approached the early distribution of the network and hardware with a retail-focused strategy, according to Framework Ventures. With a market valuation of around $1 billion, Helium is undoubtedly one of the biggest and original DePIN initiatives. “Uplink is instead prioritizing large enterprise

P2P.org, a staking service, announced that its Staking-as-a-Business (SaaB) model for institutions is already operational.The product is designed to assist platforms such as exchanges, wallet providers, and custodians in expanding their business opportunities by integrating staking and decentralized finance (DeFi) services.The business claimed to have more than a million staked Ethereum (ETH) and to have recently crossed the $7.4 billion total value locked, or TVL, threshold. By staking their bitcoin assets, investors can generate passive income without having to sell them.The way institutional staking works is similar, except it happens in bulk.Staking providers come in two varieties: non-custodial and custodial.A press announcement stated that in addition to staking infrastructure, the SaaB model will include marketing, legal, and sales support. “This holistic support ensures a smooth transition for businesses venturing into staking & Defi services, guaranteeing a successful and profitable implementation,” said Artemiy Parshakov, head of product at P2P.org. In April of last year, P2P.org received $23 million in funding from three major players in the cryptocurrency space, including Jump Crypto.In the past year, several more institutional staking firms have emerged; Northstake, for example, raised $3 million from PreSeed Ventures.According to the news announcement, P2P.org is a validator for Ethereum and thirty other blockchains.

Token Relations, a new crypto communications firm, is the brainchild of crypto entrepreneur Anthony Pompliano and former TechCrunch reporter Jacquelyn Melinek. According to the two, Token Relations is not so much a PR company nor a media brand, but rather a direct route for customers to communicate with their “community” about KPIs, milestones, and product launches—the types of things that don’t necessarily fit neatly into a marketing plan. With regard to almost every piece of material currently provided by cryptocurrency organizations, X, formerly known as Twitter, will be partially replaced by Token Relations. cryptocurrency According to Pompliano, businesses are unable to reach their target audiences using Twitter’s “one-to-many” distribution mechanism. “We’re stepping in as a dedicated effort to communicate to your existing stakeholders,” the podcast host and investor said. He called Token Relations a “third bucket” separate from “marketing intended to get new users,” and “PR, intended to talk to the press.” Token Relations steps into a field where the most vocal people are probably used to discussing media theory and the merits—or lack thereof—of speaking to the media. Balaji Srinivasan, a well-known entrepreneur, derided PR firms last week, calling them a “sleeper cell” for journalists he claimed were anti-tech, and instead urged creators to approach them “direct.” Avalanche, Optimism, and Aptos are among the companies Pompliano and Melinek represent as clients; they aren’t exactly setting up a PR shop for them.The company is placing more of its bets on direct methods, such as newsletters sent to cryptocurrency enthusiasts who wish to be the most informed or video interviews. The company aims to resolve a problem that is distinctly crypto-related. The mix of stakeholders in this market is unmatched, with interests ranging from the financially motivated (token holders) to the career driven (developers) to the cultural. The founders of Token Relations say that people want to know what’s happening straight from the horse’s mouth, without any media filter. The communications environment of cryptocurrency is also chaotic:Unlike publicly traded corporations and their investor relations websites, token-issuing startups are not being pressured by any authority to create simplified portals for the purpose of providing essential information to its stakeholders. Rather, Pompliano pointed out that social media algorithms are like a “black box,” suppressing and losing information.

As the new Global Head of Capacity Building, Lee will work closely with tax authorities, law enforcement, financial institutions, and regulators to provide advice on how to use Chainalysis’ data and technologies to increase their ability to combat cryptocurrency criminality. After leading IRS-CI for three years and working for the IRS for a total of 29 years, Lee retired from the IRS in March.He oversaw IRS-CI’s shutdown of the darknet marketplace Hydra and the seizure of cryptocurrency from Hamas.The removal of Welcome to Video, a darknet marketplace that sold child sexual abuse materials (CSAM) and took cryptocurrency payments, was also led by Lee.23 children were saved and 337 child abusers were taken into custody following the shutdown. Chainalysis also played a role in each of those three cases. “Crypto is the future of finance, which also means it’s the future of crime,” Lee wrote in a Monday blog post on Chainalysis’ website. He added that each of the cases were “reflective of the fact that cryptocurrency is, at least in

Under the direction of Conflux Network, the Chinese government has introduced a brand-new public blockchain infrastructure platform.As to a Conflux Network article from April 1st on X, the new platform named “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative” intends to provide an underlying public blockchain for cross-border applications. “The main focus of the project is to create a public blockchain infrastructure platform. This platform will be able to support the implementation of cross-border cooperation projects along the Belt and Road Initiative. It will provide the base for developing applications that showcase collaboration across borders.” Managed by the Conflux Foundation, formerly the Shanghai Tree-Graph Blockchain Research Institute, Conflux Network is a multichain blockchain ecosystem. The mainland Chinese government is still pushing for a blockchain program, despite their disapproval of cryptocurrencies.Since the government of China ordered the closure of Chinese Bitcoin exchanges in 2017, the country has been increasing its control over the cryptocurrency market. According to a survey released in December 2023 by Vietnamese venture capital firm Kyros Ventures, 58.6% of Vietnamese investors own huge amounts of stablecoins, but 33.3% of Chinese investors do the same. This puts China in second place after Vietnam.The trade embargo has not stopped mainland Chinese traders from finding methods to do business.An analysis by Kyros Ventures indicates that most investors in the nation opt to trade on centralized cryptocurrency exchanges.China outlawed cryptocurrency mining and trading in 2021, as well as the provision of services by offshore exchanges within the nation. Two-thirds of all Bitcoin mining power was held by China prior to the crypto crackdown that grew more intense in 2021. China is going to significantly alter its Anti-Money Laundering (AML) laws to encompass cryptocurrency-related transactions, in response to calls for increased industry oversight.Stricter standards are intended to prevent money laundering related to cryptocurrencies. This is the first significant adjustment to China’s anti-money laundering regulations since 2007.A Dec. 24, 2023 article claims that so-called “virtual currency trading platforms” enabled a $2.2 billion covert banking operation to get over the nation’s FX limitations.

The business that created the social network Farcaster, Merkle Manufactory, is expected to reach a $1 billion valuation through a new investment round, according to a Bloomberg article that cited people with knowledge of the situation.The cryptocurrency investment company Paradigm, whose holdings include significant cryptocurrency companies like Coinbase, Blur, dYdX, Compound, and Citadel Securities, is leading the round.In 2020, Varun Srinivasan and Dan Romero, two former executives of Coinbase, co-founded Merkle.Warpcast, the company’s flagship social media app, was developed on top of Farcaster, a decentralized social media app network. Romero verified that Merkle is soliciting money in a post on March 28.“Wanted to inform all individuals that Merkle Manufactory is concluding a fresh funding round.”Paradigm has not acknowledged being involved.In July 2022, Merkle received $30 million from A16z Crypto, a venture capital firm. With the launch of Warpcast’s Frames feature, which enables apps to run inside articles without leaving the platform, the Farcaster platform has witnessed a notable increase in user activity since January.With Frames, for example, users can generate nonfungible tokens (NFTs), transact, view external blog entries, and answer surveys all within the app. User interaction has greatly increased as a result of the change.Based on data from Dune Analytics, the Farcaster network has over 249,000 daily active members on March 30 compared to about 5,000 on January 28. Decentralized social media platforms are a novel category of social media networks that utilize blockchain technology to grant users control over their data, content, and interactions. This marks a departure from the centralized management characteristic of conventional social media.Features like content monetization without middlemen and resistance to censorship are what define these platforms.Friend.tech, Minds, and Mastodon are well-known brands in this industry.Two industry executives claim that user retention is one of the main issues that decentralized social media platforms deal with.

layer-1 blockchain with an emphasis on gaming The tenth-largest blockchain by activity, Worldwide Asset Exchange (WAX), has agreed to use AWS and include its network into the AMB (Amazon Managed Blockchain) service. The purpose of the AMB service is to help developers create decentralised applications, or dapps, on public and private blockchains. WAX developers will

The Australia and New Zealand Banking Group (ANZ) in partnership with Chainlink Labs has made public the outcomes of a recent initiative to establish a connection between the Ethereum and Avalanche blockchain networks for on-chain settlement solutions. ANZ demonstrated how clients would be able to access, trade, and settle tokenized assets across networks in different

As it looks to expand its blockchain efforts into sports and entertainment, Exaion, a subsidiary of France’s state-owned energy company EDF, joined one of the nation’s top soccer teams in securing the network that hosts fan token trading for Socios.com. Exaion also became a network validator for the Chiliz Chain. As per an email statement,

Crypto investment powerhouse Andreessen Horowitz (a16z) has referred to Wyoming as a “oasis” due to the state’s establishment of a new legal framework for in-state decentralized autonomous organizations (DAO) NGOs. A bill that was signed into state law by Governor Mark Gordon expands the laws already in place for DAOs in Wyoming, where they were previously permitted to form as limited liability companies.DAOs can now legally identify as nonprofit associations without incorporation. Miles Jennings, general counsel at a16z Crypto, called it a “major breakthrough” that will give the groups “much-needed protections and empower them to keep blockchain networks open,” according to a blog entry posted Friday. This new recognition as “decentralized unincorporated nonprofit associations” (DUNAs) will help the blockchain stewards ensure “that the network remains

According to a press release, IOTA’s recently established Ecosystem Foundation will make its first round of investments, giving $10 million to early-stage companies that are centered on digital trade and the tokenization of real-world assets (RWAs). Over the next few weeks, the investments—which will include the recently established tradetech ventures—will be made public. Startups utilizing

The Open Network (TON) blockchain technology was used to build the advertising platform for the online messaging service Telegram, which has announced its launch.After the ad platform opens to all marketers in March, Telegram channel owners in more than 100 countries will be able to begin earning money for their labor.The creator and CEO of Telegram, Pavel Durov, said on February 28 that channel owners would begin to receive 50% of the total advertising revenue that the platform generates from showing adverts in their channels.Payments on the Telegram Ad Platform will only be made over the TON blockchain, the release states. “Similar to our approach with Telegram usernames on Fragment, we will sell ads and share revenue with channel owners in Toncoin. This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins — or reinvest them in promoting and upgrading their channels,” Durov said. Toncoin (TON), which is part of the TON blockchain, increased 13.86% in the 24 hours before it traded at $2.49 at 12:40 PM UTC.In the last week, the token has increased by more than 14%.According to CoinMarketCap, TON is the 15th-largest cryptocurrency with a market valuation of $8.6 billion.Over one trillion views are generated by Telegram broadcast channels each month, yet only about 10% of these views are made possible by Telegram Ads, a privacy-focused advertising solution.The most widely used online messaging app globally is called Telegram; it ranks fourth behind Facebook Messenger, WeChat, and WhatsApp.Based on data from Bankmycell, Telegram has over 196 million daily active users and 800 million monthly active users. The TON blockchain is becoming more and more popular.