A new investor update from the September pegged completion of the Telegram Open Network (which is the social media giant’s long-anticipated cryptocurrency project) went viral in the latest crypto news. The most notable element of the report was the fact that news leaked in on LinkedIn which show that the virtual machine (similar to Ethereum‘s Virtual Machine) required to execute smart contracts on the network is almost ready to be deployed.
As The Block initially reported, Telegram raised $1.7 billion in its private ICO sale – as one of the most popular messaging services that sees global usage (especially within the crypto community). As such, the Telegram Open Network is intended to be a direct competitor to Ethereum for the launch and execution of smart contracts and decentralized applications.
However, the CEO of BitMEX, Arthur Hayes, recently said that the Telegram ICO tokens had yet to be listed on any secondary exchange – and that he sees the near future of ICO tokens as “reckoning” especially in 2019.
Meanwhile, the report outlined that some aspects of the network (as well as TVM) are complete such as the Overlay networks. The parts which were lagging were the important block manipulation library and the validation software stack.
The update did not specify when everything will be ready but said that almost 70% of the work has been done and that over the next 6 months the project can see itself to a successful completion.
After some intrigues when a fraudulent company named Telegram Open Network was established in Britain with the effort of ripping off would-be investors, the Telegram ICO is now safe and ready for further development.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
Bitcoin Cash Drops Again By 15 Percent While Other Cryptocurrencies Take A Stronger Hit
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