Cryptocurrency News Today TheBitTimes.com

Toncoin (TON) surged more than 7% after Telegram CEO Pavel Durov slammed France for its ”misguided approach” to investigating illicit activity following his arrest in the country. “If a country is unhappy with an internet service, the established practice is to start a legal action against the service itself,” Durov said in a Sept. 5 message in his official Telegram channel. “ Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach.” TON traded at $4.87 as of 2:45 a.m. EST after a 7% pump following Durov’s first comments since his arrest. Durov, a Russian-French billionaire who is the founder and CEO of the Telegram messaging app, was arrested at Le Bourget Airport outside of Paris, France, on Aug. 25. A warrant for his arrest was issued by a unit of the French National Police because of Telegram’s lack of moderation and cooperation with the pol...

Telegram’s native crypto coin, Toncoin (TON), experienced a significant dropoff over the weekend in price, falling 17%. The arrest of Telegram’s CEO and founder Pavel Durov in France is the most likely catalyst. Durov was detained as he stepped off his private jet at Le Bourget airport in France on Saturday. Durov’s arrest significantly impacted the price of Toncoin, which is now trading at $5.54. The French authorities dubbed the OFIM, issued the warranty against Durov. The OFIM sectoral unit deals with handling cases related to violence against minors. French authorities allege that Telegram’s lack of moderation, poor cooperation with law enforcement, and the tools it offers (like disposable numbers and cryptocurrencies) make Durov complicit in drug trafficking, child exploitation crimes, and fraud. Source: Medium/Redficrypto Before the Telegram founder’s arrest, Toncoin had been on a hot streak in terms of growth. The asset was on a path to a $50 billion market cap...