Holpop News

Telegram founder Pavel Durov announced plans to launch non-castodial wallets and decentralized exchanges (DEX) based on the TON blockchain.
“The blockchain industry was built on the promise of decentralization, but ended up in the hands of a few who began to abuse their power. As a result of the bankruptcy of one of the largest FTX exchanges, many people lost their money. The solution is clear: blockchain-based projects must return to their roots: decentralization. Cryptocurrency users must switch to untrusted transactions and their own wallets that do not rely on any third party. We developers must lead the industry away from centralization by creating fast and easy-to-use decentralized applications for the masses,” he said.

Durov said it only took five weeks and five people, including himself, to develop the decentralized auction platform Fragment.
“We were able to do this because Fragment is based on The Open Network or TON, a blockchain platform that is fast and efficient enough to host popular applications (unlike Ethereum, which unfortunately remains outdated and expensive even after recent changes). Fragment has been an incredible success, with $50 million in user names sold in less than a month. This week, Fragment will go beyond user names. Telegram’s next step is to create a set of decentralized tools, including non-storage wallets and decentralized exchanges, so that millions of people can trade and store cryptocurrencies safely. In this way, we can correct the mistakes caused by over-centralization, which has failed hundreds of thousands of users. The times when the inefficiencies of legacy platforms justified centralization are long gone. When technologies such as TON unleash their potential, the blockchain industry will finally be able to fulfill its core mission of returning power to the people,” he added.

Telegram founder Pavel Durov announced plans to launch non-castodial wallets and decentralized exchanges (DEX) based on the TON blockchain.
“The blockchain industry was built on the promise of decentralization, but ended up in the hands of a few who began to abuse their power. As a result of the bankruptcy of one of the largest FTX exchanges, many people lost their money. The solution is clear: blockchain-based projects must return to their roots: decentralization. Cryptocurrency users must switch to untrusted transactions and their own wallets that do not rely on any third party. We developers must lead the industry away from centralization by creating fast and easy-to-use decentralized applications for the masses,” he said.

Durov said it only took five weeks and five people, including himself, to develop the decentralized auction platform Fragment.
“We were able to do this because Fragment is based on The Open Network or TON, a blockchain platform that is fast and efficient enough to host popular applications (unlike Ethereum, which unfortunately remains outdated and expensive even after recent changes). Fragment has been an incredible success, with $50 million in user names sold in less than a month. This week, Fragment will go beyond user names. Telegram’s next step is to create a set of decentralized tools, including non-storage wallets and decentralized exchanges, so that millions of people can trade and store cryptocurrencies safely. In this way, we can correct the mistakes caused by over-centralization, which has failed hundreds of thousands of users. The times when the inefficiencies of legacy platforms justified centralization are long gone. When technologies such as TON unleash their potential, the blockchain industry will finally be able to fulfill its core mission of returning power to the people,” he added.

FTX CEO John Ray said during a corporate meeting that the company does not communicate or “cooperate” with former executives.
Ray also stressed that former CEO Sam Bankman-Fried and other members of his inner circle, including former Alameda CEO Caroline Ellison, are not involved in the day-to-day operations of the company, despite tweets from Bankman-Fried that he would try to help exchange customers.
In addition, he added that the company would have a salary ceiling and eliminate the bonus system. He also asked employees to be careful on social media and not to answer questions from the press.
“We are more and more in control,” he added.

The cryptocurrency exchange Huobi announced a strategic partnership with the Poloniex exchange.
“The two exchanges will gradually cooperate in many business aspects, including HT ecosystem development, project connectivity, liquidity distribution and global compliance – committing to create the world’s best trading platform and gain user trust,” Huobi announced.

Just a week ago, Huobi denied rumors of a possible merger with Poloniex.

NFT marketplace OpenSea will begin supporting BNB Chain-based collection tokens.
Users will be able to place, sell and buy NFTs on the marketplace.
The marketplace currently supports NFTs based on Ethereum, Polygon, Klaytn, Solana, Arbitrum, Avalanche and Optimism.

Animoca Brands will launch a $2 billion Animoca Capital fund to invest in the meta universe.
Animoca Capital will begin making its first investments as early as next year. The fund’s main goal will be to grow the ecosystem and create more opportunities for investors to access Web3 companies.

Binance has acquired the Japanese licensed exchange Sakura Exchange BitCoin (SEBC).
SEBC was founded in 2017 and was licensed last month by the Japan Financial Services Agency (JFSA). SEBC offers advisory and brokerage services. The exchange currently supports 11 trading pairs: BTC/JPY, ETH/JPY, BCH/JPY, XRP/JPY, LTC/JPY, ETC/JPY, XEM/JPY, MONA/JPY, ADA/JPY, XYM/JPY and COT/JPY.
“As we have acquired 100% of SEBC, the SEBC team will gradually integrate into the Binance organization and users will integrate into the Binance platform,” the company said.
Last year, the JFSA issued a warning against the exchange because the company continued to operate in the country without registration.

South Korean prosecutor’s office has requested an arrest warrant for Terraform Labs co-founder Daniel Shin.
According to Yonhap, earlier this month, authorities also searched the offices of the fintech company Chai Corporation, which Shin founded.
Prosecutors believe that Shin made $105 million in illegal profits through the sale of LUNA tokens. According to the publication, Shin is also accused of illegally using Chai’s customer data and violating the Electronic Financial Transactions Act.

However, Shin himself said he left Terraform Labs two years before the crisis hit the company in May and stressed that Chai’s user data was stored in accordance with South Korean laws.

Brazil’s Chamber of Deputies voted to pass a bill to regulate cryptocurrencies.
The new law defines digital assets and their service providers, and establishes criminal liability for fraudulent use of virtual assets.
The new regulation also creates a “virtual service provider” license. According to the document, companies will have 180 days to adjust to the new rules before the law goes into effect.

The document also states that crypto-assets that are recognized as securities will be regulated by the Brazilian Securities and Exchange Commission (CVM), while other digital assets that do not fall into this category will be subject to another body appointed by the executive branch. The Central Bank is expected to be chosen as this regulator.
The Digital Assets Act was first proposed seven years ago.

Miami Mayor Francis Suarez said he is still getting paid in bitcoin and added that he continues to buy the first cryptocurrency. He noted that being mayor is not his only source of income, as he also works as a lawyer and in private equity.
“Web3 and cryptocurrency aren’t going anywhere. Sometimes we just have to breathe, right? We have to remember that this technology is new. Not every iteration will be successful. Not every company will succeed,” he added.
Suarez called for proactive regulation that could protect people from fraudulent schemes but would not hurt the industry.
“If the leaders who came out of this winter come together and help lawmakers find the right regulatory guidelines to make sure this technology helps people, increases democratizing opportunities for investment and wealth creation, and doesn’t hurt people or rob them of their labor and savings. We have a lot to learn,” he said.
He also emphasized that the city did not hold any funds on FTX.