Telegram Gives Up The Ghost On Blockchain
Plus a set of eternal messages embedded in the bitcoin blockchain
Happy Tuesday, Blockfolians
For months, Telegram has been at war with the SEC, attempting to figure out a path forward for the TON blockchain and associated GRAM tokens ($1.7B worth of which were already sold, if you remember).
Today, Telegram CEO Pavel Durov wrote a fiery note saying, effectively, that the project is off.
The most notable part of the note is Durov’s frustration with the USA’s ability to exert economic influence everywhere across the world.
Wonder what happens to that $1.7B now?
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Highly Relevant Reading
Single-collateral DAI is officially a relic of the past as Maker transitions fully to multi-collateral DAI
JPMorgan is now officially banking crypto companies, with Gemini and Coinbase as its first customers
The project that never slows down, Chainlink, has just released a new oracle for provable randomness
Blockdaemon, a blockchain node provider, has raised a fresh $5.5m
Jameson Lopp captures a fitting halving message embedded on the last block mined at the previous block reward level.
Is the financialization of bitcoin something that we should be concerned about?
notsofast @notsofastI'd be disappointed if all #Bitcoin and $crypto turned out to be were new conceptual things to trade KYC'd derivatives of in legacy marketplaces. https://t.co/qXNXeyEoC1
A Really Big Number We Should Be Paying Attention To
That’s the size of the total stablecoin supply - a surge of more than 70% in two months. Along with it, Tether has displaced XRP as the third largest cryptoasset.
Lopp might have found the resonant message in the last pre-halving block. Nic spotted this in the first post halving block.