Four years on, Telegram’s blockchain project gains ground in Africa
After raising $250 million from a host of mainstream entities such as Huobi, Kucoin and MEXC, TON’s recent global adoption seems to be rapidly increasing. It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON). However, following a lengthy litigation battle that lasted until May 2020 with the United States Securities and Exchange Commission over its $1.7 billion initial coin offering (ICO), Telegram had to sever its ties with the project, leading....
Related News
The new crypto law would reportedly allow citizens to pay their taxes in crypto and allow the use of crypto as a form of payment for businesses. The Central African Republic (CAR) has become the center of a hot buzz in the crypto world amid various reports of it adopting Bitcoin (BTC) quite similar to El Salvador. However, contrary to popular headlines, the African nation has not adopted BTC as a legal tender, instead, it has reportedly legalized the use of cryptocurrencies in the financial markets.The cryptocurrency bill was introduced by Justin Gourna Zacko, the Minister of Digital....
While the African continent is generally viewed as one of the most ideally placed to embrace and fully exploit the blockchain, the reality on the ground suggests otherwise.
The East Africa Blockchain Expedition
As Adedayo Adebajo, the managing director of Jelurida Africa and a blockchain enthusiast told Bitcoin.com News, much of the focus in terms of investment has been on two regions, Southern and West Africa.
Adebajo suggests in written responses to questions sent to Bitcoin.com News that the East Africa region is being left behind. Therefore, to correct this....
PRESS RELEASE. Since blockchain technology and crypto have become the power of the next industrial revolution in recent years, Africa has been making concerted efforts to ensure inclusion in the conversation. As a multipurpose African bank with over 200,000 customers around the world, DafriBank brings the Digital Bank of Africa (DBA) project into existence, and aims for making it Africa’s number 1 cryptocurrency. Taking a step forward, DBA is listed on trading platforms like LBank Exchange, to further expand its global influence and reach.
Introducing DafriBank
....
The Worldcoin community has become a project sponsor for The Water Project. Less than a week after the Dogecoin community made headlines for donating $30,000 worth of dogecoins to the Jamaican bobsled team, the Worldcoin Foundation has decided to throw their hat into the crypto-charity ring. The foundation is creating the Worldcoin Initiative, which is said to be a series of relief efforts in various parts of the world. The first project in this new initiative is the Worldcoin Well, which was able to collect over 30,000 worldcoins in a single day. Sponsoring a Water Project. Worldcoin....
Everscale—a high throughput, scalable, and secure open-source blockchain built off Telegram’s TON concept—is the new brand name for the FreeTon Project. Rebranding from FreeTON to Everscale An announcement that FreeTON would be rebranding to Everscale was made after the change was successfully voted upon on November 9, declaring the name change to mirror the development […]