Telegram to Debut ‘Test Version’ of Blockchain Platform TON ‘This Autumn,’ Say Investors

Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform “this autumn,” Russian media outlet Vedomosti reports Tuesday, Oct. 16.

Speaking to the publication, investors “confirmed” the authenticity of a circular sent to participants in TON’s Initial Coin Offering (ICO) at the start of September.

In the circular, the company said that the platform’s blockchain component was currently under development, with “70 percent” of the product already finished, the publication claims.

Once in operation, TON will also make use of its in-house cryptocurrency, Gram, and will form a “new way of exchanging data.”

Telegram attracted considerable attention earlier this year when it raised almost $1.8 billion in investments for TON and its current messenger app via two private ICO presales.

Following the success of the fundraising, in May executives subsequently cancelled the planned public phase of the ICO.

At the time, Russian media also speculated that authorities’ attempts to block access to Telegram altogether for the country’s residents was a result of the ICO and plans to release Gram, rather than the official explanation that the service flouted data sharing laws.

CEO Pavel Durov declined to comment when asked by Vedomosti to confirm the TON release timeframe.

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Photo via Shutterstock.

Source: Cointelegraph

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Sony Announces New Blockchain-Based Platform for Digital Rights Management

Sony Global Education logo

So here comes Sony’s answer to KodakCoin and KODAKOne platform. The Japan-based electronics maker has announced its own blockchain-based rights management system to help manage the rights for its educational content developed by Sony Global Education. The company had first filed a patent for this system back in April, and now that patent has come to life in the form of this new system.

When the company had filed the patent for this system it had said in its filing that conventional solutions for management of digital rights may not be very reliable as they often involve a single point of failure. Therefore, a blockchain-enhanced solution for digital rights management can serve the purpose of providing the much-needed reliability.

Once it was awarded the patent for its blockchain-based rights management solution, it quickly swung into action and enhanced its existing rights management system with integration of blockchain. The final result of that integration is the system announced today. An excerpt from the statement released by the company says:

“Today, advances in technologies for digital content creation allow anyone to broadcast and share content, but the rights management of that content is still carried out conventionally by industry organizations or the creators themselves, necessitating a more efficient way of managing and demonstrating ownership of copyright-related information for written works. This newly-developed system is specialized for managing rights-related information of written works, with features for demonstrating the date and time that electronic data was created, leveraging the properties of blockchains to record verifiable information in a difficult to falsify way, and identifying previously recorded works, allowing participants to share and verify when a piece of electronic data was created and by whom.”

This new system can be used to manage the rights for a wide range of content types, including textbooks, videos, audios, games, medical data, scientific data, VR content, e-books and so on. The company wants to establish itself as a global leader in the space of ‘blockchain for education’. It also wants to establish its expertise in dispersal and management of data through Sony Group. Let’s see what other opportunities are opened up by this new digital rights management system.

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Market Update Oct.16: Tether’s madness and the upcoming regulation

After last week we reported the relative stability in the crypto market, the action was not overdue, and the volatility that characterizes the market has taken its toll.

After a correction on Wall Street, there was also a drop in the currency market, and it appears that the correlation between these markets is positive, compared to the gold market, which rises when they fall.

The dollar pegged Tether again made headlines as its value fell in some exchanges. Tether’s decline has caused a little chaos in the markets as many investors have been stressed out and transferred their Tether holdings to Bitcoin and other cryptocurrencies. In this context, one can take note of the growing trend of companies trying to raise money for the issue of alternative stable currencies competing with Tether.

Liquidity problems in the BitFinex exchange led to price differentials of around $400, and we will soon know the reasons that led to the Tether drama that affected the entire market.

There was a downtrend this week, and it seems that most of them are approaching the floor in terms of technical analysis. It is still not entirely clear whether Bitcoin has reached the bottom.

An average bear market is around 18 months, so it is too early to say that we have passed the wave of declines and caution should be taken when entering the markets. However, one can remain optimistic that the industry is growing up and cleaning the stables.

The size of the crypto market is around $210 billion | Bitcoin’s dominance stands at 54%

Crypto News

market_update_Oct16

South Korean Plastic Surgeon Has Just Bought the World’s Third Largest Crypto Exchange. BK Global Consortium, led by a well-known plastic surgeon from Singapore, Dr. Kim Byung-gun, has acquired crypto exchange Bithumb for W400 billion. The ownership deal is worth around 38% of the popular exchange.

Not just ICOs: The SEC Targets Crypto Airdrops. The regulators have recently clashed with crypto startups once again after imposing fines worth $30,000 on a new project for airdropping tokens to interested investors. SEC says the airdrop is “fraudulent.”

From deposits suspension to today’s mess: All the speculations surrounding Tether and BitFinex. Hong Kong-based crypto exchange BitFinex has been in the spotlight for all the wrong reasons. Including manipulating the price of the stablecoin Tether. Traders on the exchange may have recouped profits when BTC went as high as $7900 on the exchange yesterday.

Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies. Fidelity Investments, the fifth largest asset manager in the world, has announced that it will launch a new platform that attracts institutional investors to cryptocurrencies.

Sony Develops Blockchain Solution for Rights Management With Internal Partnerships. The multinational technology company is trying out a new industry with reports emerging that they are developing a blockchain-powered extension of its digital rights management system.

ICO Activity Down 90% Since the Start of 2018. ICOs are no longer raising as much funding as they used to at the start of the year, as a study by Autonomous research revealed that less than $300 million was raised in the whole of September.

Charts

Bitcoin

A volatile week that saw support in the areas of $6,100 followed by a sharp rise to $6700, influenced by recent market events. The resistance appears to be above $6,000, giving confidence to investors. The exchange traded at around $6,438.

BTCUSD

Ethereum

Against the dollar is trading around $210, support is built in this range at $188 and held in the correction that was this week resistance in this range at $250.

BTCUSD

Against Bitcoin trading around 0.031BTC the support holds around 0.03BTC and still trading in this support range as well as the floor we have seen since December seems to have the graph to accumulate a little more time and show stability to the resistance market around 0.037BTC.

ETHBTC

Bitcoin Cash

Against the dollar, the rate is based on support around $430 traded at $470. As of the writing of the update, it is not clear whether this is the floor and we did not see enough trading volume. If we look back, $300 appears in the graph as a table. In this range at $500.

BCHUSD

Against Bitcoin, it traded around 0.069BTC resistance at 0.075BTC support in this range around 0.068BTC a fragile graph technically does not look good, or we are on the floor.

BCHBTC

Populous

Against the dollar trading around $3.44 resistance at $3.80 support at $2.90 seems to be stabilizing recently and volatility has calmed down. Can we go lower from here?

PPTUSD

Against Bitcoin traded around 0.0005BTC not far from the floor we have seen since August around 0.0004BTC it seems that the trade has calmed down and the bull is starting to level resistance in this range at 0.0006BTC.

PPTBTC

Ardor

Against the dollar, a weekly chart traded around $0.11 support around $0.10 holds resistance at $0.14 in this range the peak was at the beginning of the year $2.29 it seems the currency crashed but found a floor and stabilized.

ARDRUSD

Against Bitcoin traded around 1738SAT support around 1500SAT in this resistance range at 2000SAT since July holds volatility has calmed down. Have we reached the bottom?

ARDRBTC

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