Cryptocurrency

Toncoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/authorities-detain-telegrams-founder-in-paris/" data-wpel-link="internal">Authorities Detain Telegram’s Founder in Paris</a><br></p>
<p style="text-align: justify"><strong>Telegram</strong>’s founder Pavel Durov’s detention in Paris on August 24 caused a significant stir in the <a href="https://en.coin-turk.com/optimism-for-spot-bitcoin-etfs-boosts-crypto-market-value-in-late-2023/" data-wpel-link="internal">cryptocurrency</a> world. Toncoin lost 20% in value immediately after this event, leading to uncertainties among crypto <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. Pantera Capital and other investors expressed concerns about Toncoin’s future, causing a crisis of confidence in the crypto world. Following <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">the news</a> of the arrest, the total value on the Toncoin network dropped to $573 million.</p> 
<h2 style="text-align: justify" id="what-risks-are-investors-facing">What Risks Are Investors Facing?</h2> 
<p style="text-align: justify">With the expectation that Telegram would become a “super app” similar to China’s WeChat, Toncoin attracted the attention of major investors. Particularly, large funds like Pantera Capital invested over $100 million in <strong>Toncoin</strong> earlier this year. However, Durov’s facing charges of child pornography and drug trafficking has made the future of this investment uncertain.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-384094 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/ton-blockchain.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">Durov’s detention is considered a rare and unpredictable event, known as a “black swan,” in the cryptocurrency world. Such events usually cause significant market fluctuations and lead investors to reassess their portfolios. Large funds like Pantera Capital have re-evaluated their investments in Toncoin following this incident. Although Telegram’s low-regulation approach contributed to the app’s popularity, it has also led Durov to face legal issues.</p> 
<h2 style="text-align: justify" id="tough-times-ahead-for-toncoin-investors">Tough Times Ahead for Toncoin Investors</h2> 
<p style="text-align: justify">Pantera Capital describes Toncoin as its largest investment, while other investors have also poured billions of dollars into this project. However, Durov’s detention and Toncoin’s loss in value have caused these investors to question their future steps. <strong>Cryptocurrency</strong> market’s sudden changes necessitate investors to review their risk management strategies.</p> 
<p style="text-align: justify">Cryptocurrency investments are much more volatile compared to traditional investment vehicles. This means both great opportunities and significant risks for investors. Investments in projects like Toncoin are usually made through token-based agreements, and sudden value drops can have serious effects on investors. Durov’s arrest has once again highlighted the dangers of volatility in the cryptocurrency world.</p> 
<ul class="Summary"> 
 <li>Pavel Durov’s detention caused a significant stir in the cryptocurrency world.</li> 
 <li>Toncoin lost 20% in value, leading to uncertainties among investors.</li> 
 <li>Pantera Capital and others expressed concerns about Toncoin’s future.</li> 
</ul> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/authorities-detain-telegrams-founder-in-paris/" data-wpel-link="internal">Authorities Detain Telegram’s Founder in Paris</a></h5>
<p>The post <a href="https://en.coin-turk.com/authorities-detain-telegrams-founder-in-paris/" data-wpel-link="internal">Authorities Detain Telegram’s Founder in Paris</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Authorities Detain Telegram’s Founder in Paris

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