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As the cryptocurrency industry reels from the collapses of some of its former leading companies, Telegram instant-messaging platform is devising plans to capitalize on the growing distrust in centralized intermediaries.
Founder and CEO, Pavel Durov announced that Telegram will build a set of decentralized tools, including a decentralized cryptocurrency exchange and non-custodial wallets. Owners of such wallets have full control of their private keys and hence their crypto assets.
“The blockchain industry was built on the promise of decentralization but ended up being concentrated in the hands of a few who began to abuse their power,” Durov wrote in a Telegram post. “This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users.”
The CEO pointed to the success of Fragment, a decentralized auction platform he helped build, and The Open Network (TON), its underlying blockchain. Fragment sold $50 million worth of Telegram usernames in less than a month, and will expand beyond usernames in the coming days.
Telegram’s CEO has not specified whether the company plans to develop the wallet and the exchange on The Open Network, otherwise known as TON.
The TON foundation announced a $126 million rescue fund to support crypto projects weathering the fallout of the FTX collapse. Telegram claimed to have 700 million active users in June.
#noncustodial1 #noncustodial9 #bulletins #noncustodial8 #noncustodial7 #theopennetwork6 #blockchain9 #decentralized #blockchain8 #blockchain3 #decentralized5 #theopennetwork #theopennetwork5 #theopennetwork4 #decentralized4 #centralization #noncustodial0 #noncustodial6 #blockchain2 #noncustodial5 #noncustodial4 #blockchain7 #theopennetwork3 #blockchain1 #foundation #theopennetwork2 #usernames #blockchain6 #blockchain #decentralized9 #noncustodial3 #theopennetwork1 #decentralized3 #decentralized8 #decentralized2 #noncustodial #blockchain5 #decentralized1 #decentralized0 #theopennetwork0 #theopennetwork9 #blockchain0 #decentralized7 #decentralized6 #noncustodial2 #theopennetwork8 #theopennetwork7 #trillion #connector #blockchain4
Founder and CEO, Pavel Durov announced that Telegram will build a set of decentralized tools, including a decentralized cryptocurrency exchange and non-custodial wallets. Owners of such wallets have full control of their private keys and hence their crypto assets.
“The blockchain industry was built on the promise of decentralization but ended up being concentrated in the hands of a few who began to abuse their power,” Durov wrote in a Telegram post. “This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users.”
The CEO pointed to the success of Fragment, a decentralized auction platform he helped build, and The Open Network (TON), its underlying blockchain. Fragment sold $50 million worth of Telegram usernames in less than a month, and will expand beyond usernames in the coming days.
Telegram’s CEO has not specified whether the company plans to develop the wallet and the exchange on The Open Network, otherwise known as TON.
The TON foundation announced a $126 million rescue fund to support crypto projects weathering the fallout of the FTX collapse. Telegram claimed to have 700 million active users in June.
#noncustodial1 #noncustodial9 #bulletins #noncustodial8 #noncustodial7 #theopennetwork6 #blockchain9 #decentralized #blockchain8 #blockchain3 #decentralized5 #theopennetwork #theopennetwork5 #theopennetwork4 #decentralized4 #centralization #noncustodial0 #noncustodial6 #blockchain2 #noncustodial5 #noncustodial4 #blockchain7 #theopennetwork3 #blockchain1 #foundation #theopennetwork2 #usernames #blockchain6 #blockchain #decentralized9 #noncustodial3 #theopennetwork1 #decentralized3 #decentralized8 #decentralized2 #noncustodial #blockchain5 #decentralized1 #decentralized0 #theopennetwork0 #theopennetwork9 #blockchain0 #decentralized7 #decentralized6 #noncustodial2 #theopennetwork8 #theopennetwork7 #trillion #connector #blockchain4
Confidence is quickly eroding in the crypto sector. But, Didi Taihuttu, his wife, three daughters, and Teddy, a Pomeranian puppy, are as confident as ever in their bet on Bitcoin — they're just changing how they store it.
The Bitcoin Family have safeguarded their crypto riches in three main places: centralized exchanges (CEXs) like Bybit and Kraken, decentralized exchanges (DEXs) like Uniswap, and hardware wallets hidden in secret vaults on four different continents.
But as digital asset brokers, lenders and exchanges continue to fall into bankruptcy — locking up customer funds in the process — the Dutch family of five is proactively moving $1 million in crypto into decentralized exchanges, which allow users to hang on to custody of their tokens.
"For me, bitcoin is still about freedom, and decentralized currency should be able to be used by everyone in the world without needing to do KYC or any other regulatory stuff," Didi said.
DEXs don't require users to connect an ID or bank account to the platform, hence making it an ideal custody solution for the Taihuttus.
While the family did not have any tokens tied up with FTX, Celsius, Voyager Digital, or any of the other platforms to recently go under, in crypto, one of the mantras is "not your keys, not your coins," meaning that rightful possession of tokens comes through the custody of the corresponding private keys.
The Dutch father of three had learned his lesson in 2017, when he lost four bitcoin to a hack of a centralized exchange known as Cryptopia. "From that moment, I was always searching for alternatives," he explained.
“For me, bitcoin is still doing perfect and still doing what it always does: Being a decentralized currency that is usable by all people all over the world."
#regulatory6 #connector0 #bulletins #regulatory5 #connector4 #alternatives2 #connector3 #pomeranian9 #pomeranian #pomeranian8 #centralized6 #pomeranian7 #alternatives1 #cryptopia0 #connector9 #alternatives0 #centralized5 #pomeranian6 #regulatory4 #centralized4 #pomeranian5 #regulatory3 #centralized #centralized3 #regulatory2 #cryptopia1 #connector8 #regulatory #pomeranian4 #pomeranian3 #currency #centralized2 #connector7 #centralized1 #centralized0 #alternatives9 #connector2 #pomeranian2 #alternatives8 #regulatory1 #cryptopia #alternatives #regulatory0 #centralized9 #centralized8 #alternatives7 #alternatives6 #cryptowinter #alternatives5 #connector6 #pomeranian1 #pomeranian0 #alternatives4 #alternatives3 #regulatory9 #connector1 #regulatory8 #vertical #centralized7 #regulatory7 #connector5 #connector
The Bitcoin Family have safeguarded their crypto riches in three main places: centralized exchanges (CEXs) like Bybit and Kraken, decentralized exchanges (DEXs) like Uniswap, and hardware wallets hidden in secret vaults on four different continents.
But as digital asset brokers, lenders and exchanges continue to fall into bankruptcy — locking up customer funds in the process — the Dutch family of five is proactively moving $1 million in crypto into decentralized exchanges, which allow users to hang on to custody of their tokens.
"For me, bitcoin is still about freedom, and decentralized currency should be able to be used by everyone in the world without needing to do KYC or any other regulatory stuff," Didi said.
DEXs don't require users to connect an ID or bank account to the platform, hence making it an ideal custody solution for the Taihuttus.
While the family did not have any tokens tied up with FTX, Celsius, Voyager Digital, or any of the other platforms to recently go under, in crypto, one of the mantras is "not your keys, not your coins," meaning that rightful possession of tokens comes through the custody of the corresponding private keys.
The Dutch father of three had learned his lesson in 2017, when he lost four bitcoin to a hack of a centralized exchange known as Cryptopia. "From that moment, I was always searching for alternatives," he explained.
“For me, bitcoin is still doing perfect and still doing what it always does: Being a decentralized currency that is usable by all people all over the world."
#regulatory6 #connector0 #bulletins #regulatory5 #connector4 #alternatives2 #connector3 #pomeranian9 #pomeranian #pomeranian8 #centralized6 #pomeranian7 #alternatives1 #cryptopia0 #connector9 #alternatives0 #centralized5 #pomeranian6 #regulatory4 #centralized4 #pomeranian5 #regulatory3 #centralized #centralized3 #regulatory2 #cryptopia1 #connector8 #regulatory #pomeranian4 #pomeranian3 #currency #centralized2 #connector7 #centralized1 #centralized0 #alternatives9 #connector2 #pomeranian2 #alternatives8 #regulatory1 #cryptopia #alternatives #regulatory0 #centralized9 #centralized8 #alternatives7 #alternatives6 #cryptowinter #alternatives5 #connector6 #pomeranian1 #pomeranian0 #alternatives4 #alternatives3 #regulatory9 #connector1 #regulatory8 #vertical #centralized7 #regulatory7 #connector5 #connector
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Angel L.
Dec 2, 2022 -10:33AM
Thanks for these short and insightful clips Bruce.
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Master C.
Jan 8, 2023
We are looking for the best of the best from our members to join our Premier Master Enabler Program. Focusing right now on International Expansion and New Market Entry professionals for Europe, Latin America, and the USA. Interested in learning more message Master Connector here or email - masterenabler@fintechconnector.com
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Master C.
Aug 9, 2022
Meet our FinTech Connector Switzerland Cruise sponsors on September 9th in Zurich.
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
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Master C.
Jun 17, 2022
As the global economic environment is shifting, now more than ever partnering with the right organizations to increase business opportunities, focus on revenue growth, and drive innovation is critically important.
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
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Stephen W.
Mar 18, 2022
See our recent WealthTech 2022 report for a range of viewpoints and thinking on the main trends for WealthTech in 2021/2022.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
Upvoted by Diego and 7 others
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Angel L.
Jan 11, 2023
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
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Luisa F.
Mar 7, 2024
Hello Fintech Connector Community! I have a bank client looking for fintechs that are interested in bank sponsorship. If you're in the market for a bank sponsor, please message me.
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Master C.
May 13, 2022
SWITZERLAND IS CALLING ALL FINTECH CONNECTOR MEMBERS...
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
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Angel L.
Apr 17, 2022
Another powerful report from FIS on global payments. This is a 156-report that gives you global payments trends, key insights, and other important ecosystem information.
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
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Master C.
Oct 5, 2022
Great seeing our Mexico Community Partner Sofia Gamboa on El Financiero Factor Fintec speaking with Sergio Loredo about fintech in Mexico.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
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Angel L.
Nov 11, 2022
Great to see how we have come a long way since our Meet Ups at Hurley's in NYC to now travelling the world to connect people, opportunities, and capital. Looking forward to our 2023 FinTech Connector events being announced shortly.
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
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