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The new project, dubbed Cocoon, aims to give users access to AI tools without surrendering their data to centralized providers. Pavel Durov, co-founder of the messaging application Telegram, has disclosed a new decentralized AI network to be built atop The Open Network (TON), an independent layer-1 blockchain associated with Telegram. Durov took the stage at…
TON shows early signs of a breakout, opening the door for a rally to $3.50. Telegram’s one billion users will be able to interact with Ethereum Virtual Machine (EVM) decentralized apps (DApps) directly within the messenger following the launch of the Tac mainnet on Tuesday. This new feature could boost DApp adoption and asset inflows…
The next wave of Web3 neobanks won’t be standalone apps; they’ll be embedded within platforms people already use. Opinion by: Vlad Kamyshov, CEO of Evaa Protocol The race to build the next big Web3 neobank is missing the point. Most projects are still focused on launching standalone apps, creating new interfaces and rebuilding user acquisition…
Emirates News Agency has refuted The Open Network’s claim that applicants who stake $100,000 worth of TON for three years would be eligible for 10-year golden visas. The native cryptocurrency of The Open Network has retraced 6% from its 24-hour high after United Arab Emirates regulators refuted claims that staking Toncoin (TON) could create a…
After TON claimed a staking program would offer golden visas for holders to enter the United Arab Emirates, the country’s news agency shot down the idea of a partnership. Update (July 6, 12 pm UTC): This article has been updated to include comments from Sigil Fund partner Joe HedgeHog. Editor’s Note: This article has been…
Changpeng Zhao is skeptical of the new offer promising a UAE Golden Visa to TON stakers. Former Binance CEO Changpeng “CZ” Zhao has questioned the legitimacy of The Open Network’s new pathway to UAE residency, noting the absence of any official announcement from UAE government sources. As Cointelegraph reported, The Open Network announced on Saturday…
The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments. Tether announced a partnership with the TON Foundation to debut an omnichain version of its gold stablecoin XAUt (XAUT) on The Open Network (TON), in an effort to expand the token across ecosystems. The new token, “XAUt0,” was built on LayerZero’s…
The messaging platform will use most of the proceeds to repay existing bondholders, with the remainder allocated as working capital to support ongoing operations. Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28. According to Bloomberg, the company will use a…
Bitcoin and select altcoins hold steady even as the threat of a global trade war crushes the stock market. Bitcoin (BTC) price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4. The failure of the bears to capitalize on the opportunity shows a lack…
Bitcoin’s resilience in the $80,000 range could set the stage for AVAX, NEAR, TON and OKB to rally. Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above…