Telegram had planned to launch the Telegram Open Network, or TON, blockchain on Oct. 31, 2019. At that time, it planned to create 2.9 billion gram tokens, which sold to the general public. The SEC said that public sale would be an unregistered and illegal securities offering, and sued to block it.
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Bringing smart contracts to consumer loyalty rewards programs
Blockchain-as-a-service provider Loyyal is betting distributed ledger technology can reduce costs and improve customer satisfaction
Consumer loyalty is a business that Greg Simon, the founder and CEO of Loyyal, thinks is ripe for disruption by blockchain technology, and particularly smart contracts.
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EU banks must speed up blockchain investment, warn Lagarde, Bain
The consulting giant and likely European Central Bank president say blockchain FinTech is coming fast
European banks must speed up their investments in blockchain technology in order to recapture their own capital markets from American financial institutions, global consulting firm Bain & Company warned in a report released on September 3. A day later, International Monetary Fund (IMF) chief Christine Lagarde told the European Parliament’s Economic and Monetary Affairs Committee that with bank profits low and FinTech firms gobbling up investments, EU central banks must welcome new technologies—including digital currencies—in order to remain competitive.
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Binance upgrades hacked customers to VIP
The cryptocurrency exchange also ‘highly recommended’ the 60,000 users replace their ID documents; restitution promised
In light of a hack that saw up to 60,000 customers’ IDs stolen, leading cryptocurrency exchange Binance is giving all affected users VIP status that brings a 10% discount on bitcoin trading fees.
