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Latest cryptocurrency news > ALTCOIN > Telegram Supports Toncoin for Crypto Services
ALTCOIN

Telegram Supports Toncoin for Crypto Services

BH NEWS
Last updated: 26 May 2024 11:15
BH NEWS 2 years ago
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Telegram, a widely-used messaging platform, has integrated cryptocurrency services with Toncoin support. This new feature aims to cater to the growing demand among crypto investors who frequently use the application. The integration marks a significant development for Telegram in the crypto space. However, recent comments from its founder, Pavel Durov, have sparked discussions on the privacy standards of competing platform Signal.

Signal’s Privacy Claims Questioned

Durov has long criticized Signal’s privacy measures, claiming they are merely superficial. In 2017, he predicted that Signal’s protocols would be compromised within five years, yet no such backdoor has been detected. Signal’s founder, Moxie Marlinspike, has dismissed Telegram’s encryption claims, urging users not to take them seriously.

Contents
Signal’s Privacy Claims QuestionedWhat Are Experts Saying?Key Takeaways for Users

What Are Experts Saying?

Marlinspike has made multiple statements refuting the allegations against Signal’s protocols. Despite these defenses, the rivalry between Telegram and Signal appears far from resolved. Some experts liken it to a high-stakes showdown in the cybersecurity arena, akin to the rivalry between rap stars Kendrick Lamar and Drake.

Fox News anchor Tucker Carlson previously criticized Signal, alleging that NSA leaked his Signal messages during attempts to interview Putin. His comments have added to the scrutiny surrounding Signal’s security claims.

Signal, once publicly endorsed by Twitter’s Jack Dorsey, now faces increasing criticism. The future trajectory of this debate remains uncertain, but it underscores the complexities of ensuring absolute privacy in messaging services. Authorities will likely continue to impose restrictions, preventing complete freedom in secure communications.

Key Takeaways for Users

Implications for Crypto Users

– Telegram’s integration with Toncoin provides users with more versatile crypto transaction options.
– The ongoing debate between Telegram and Signal highlights the importance of scrutinizing privacy claims in messaging apps.
– Users must stay updated on security developments to make informed decisions about their preferred communication platform.

As for Toncoin, its value recently dipped to $6.39, maintaining support at $6.12. However, the coin has been losing strength gradually since mid-May. Investors should monitor for potential drops towards the $4.70 mark. A recovery could see Toncoin testing the $7.2 to $7.65 region again. Currently, Bitcoin‘s price stability above $69,130 and slowed selling pressure for Toncoin are positive indicators. Nonetheless, the fact that a significant portion of Toncoin’s supply is held by a few investors remains a critical consideration.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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