TON Soars 7% as Telegram Revamps Rules to Allow Moderation of Private Chats

Twitter icon  •  Published 4 महीने पहले on September 6, 2024  •  Hassan Maishera

TON is up 7% in the last 24 hours, outperforming the other major cryptocurrencies. Telegram is revamping its rules to allow moderation of private chats.

TON Soars 7% as Telegram Revamps Rules to Allow Moderation of Private Chats

TL;DR

  • Telegram is the best performer amongst the top 10 cryptocurrencies by market cap.

  • The rally comes after Telegram announced changes that would enable the moderation of private chats.

TON Rallies 7% as Telegram Makes Changes

TON, The Open Network’s native coin, is the best performer amongst the top 10 cryptocurrencies by market cap. The coin is up 7% in the last 24 hours, outperforming Bitcoin and other major cryptocurrencies.

At press time, TON’s price was $4.89, and it still occupied the tenth spot in the market. The positive performance comes after Telegram revamped rules to allow moderation of private chats.

These changes come a few days after CEO Pavel Durov was arrested in France for allegedly failing to police law-breaking content. Thanks to these changes, users in private chats can "flag illegal content" for review. In the past, Telegram treated private groups as off-limits.

Last month, Duros was arrested by French authorities for allowing alleged criminal activity to fester on the app. He has since been released on €5M bail but must remain in France pending trial.

While TON is rallying, the other major cryptocurrencies are underperforming. BTC, the leading cryptocurrency by market cap, is down 1.3% and now trades at $56.431 per coin.

Ether has also lost 1% of its value in the last 24 hours and is changing hands at $2,383. Dogecoin is the only other major cryptocurrency with significant gains over the previous 24 hours, up 2.2%.

Despite TON’s positive performance, the total cryptocurrency market cap remains below the $2 trillion mark.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.