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Breaking News: Bitcoin Outlook Post Fed's 0.25% Rate Cut: Historical Patterns And Predictions

Telegram Under Ban Threat In Indonesia For Alleged Pornography & Gambling, TON Price Dive Deepens

Ronaldo Marquez
Ronaldo Marquez
Last Updated: August 29, 2024 9:30 pm
3 mins read
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Following the recent arrest of Telegram CEO Pavel Durov in France, the messaging platform is facing escalating legal challenges across multiple countries. Local media reports indicate that Indonesia is contemplating a ban on Telegram due to its alleged facilitation of pornography and online gambling activities.

Global Scrutiny On Telegram

According to a local media report, Indonesian Communication and Informatics Minister Budi Arie Setiadi has voiced strong concerns, stating that the Ministry has already warned Telegram about its content moderation practices. 

Per the report, Minister Budi Setiadi emphasized that if evidence of illegal content is confirmed, the government would take decisive action to block the platform.

This intensifying legal scrutiny comes on the heels of a troubling incident in Central Java, where a 20-year-old resident, identified as “MAFA,” was arrested for allegedly managing a child pornography group on Telegram. The Indonesian authorities are reportedly monitoring the platform for further violations.

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In France, Durov’s legal troubles have deepened since his arrest at Le Bourget Airport. The Paris prosecutor’s office has reported that he faces 12 serious charges, including complicity in child pornography sales, drug trafficking, fraud, and failure to cooperate with investigations. 

Durov has since been granted bail under strict conditions: he must pay €5 million, report to police twice a week, and remain within French territory. Paris prosecutor Laure Beccuau confirmed that there are sufficient grounds to investigate Durov on all charges related to his initial arrest.

However, the legal challenges for Telegram extend beyond France and Indonesia, as the Indian government has also launched an investigation into the platform. 

As reported by NewsBTC, authorities in India are examining claims that Telegram is being used for criminal activities, including extortion and gambling. Similar to investigations underway in France and Indonesia, the messaging platform could face potential bans in these countries.

TON Price Continues To Struggle

Toncoin (TON) plunged about 20% after Durov was arrested outside Paris on August 24, before paring some of those losses. TON’s total value locked (TVL) has fallen to $357 million from a high of $769 reached in July, according to data provider DefiLlama. 

In the wake of this price crash, certain Toncoin supporters perceived an opportunity amidst the chaos. DWF Labs, a crypto market maker with a stake in the token, seized the moment to invest “millions” of dollars in Toncoin following the decline, as confirmed by co-founder Eugene Ng to Bloomberg. 

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Despite the efforts to stabilize Toncoin’s value, the cryptocurrency has struggled to regain its footing. The TON price has continued its downward trajectory, showing no signs of recovery with a further 1% drop in the 24-hour timeframe. The token has sustained substantial losses over the past month, amounting to nearly 17%, currently trading at $5.54.

In case of further price retracements, bullish investors will need to keep a close eye on the $5.15 and $4.87 marks, the largest support levels for the token on its daily TON/USDT chart.

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The daily chart shows TON’s price trending downwards. Source: TONUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

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Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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