Telegram is pulling the plug on its Telegram Open Network (TON) blockchain platform and the Grams token, after years battling the U.S. Securities and Exchange Commission. Telegram’s CEO Pavel Durov argued the fight for decentralization is the “most important in our generation.”
The total supply of stablecoins in the cryptocurrency space is now above the $10 billion mark, as demand for these has been rapidly growing. Tether’s USDt is still dominating the sector, with a market share of 85%.
A new Chinese mining operation, Lubian, has quickly grown to become Bitcoin’s sixth-largest mining pool, with a hashrate of over 6.3 EH/s.
Top stories in the Crypto Roundup today:
- Telegram Pulls Plug on Its TON Blockchain Platform and Gram Tokens
- Total Stablecoin Supply Tops $10 Billion After Growing Over 70% since February
- New Chinese Operation Instantly Becomes Bitcoin’s Sixth-Largest Mining Pool
At the time of writing, bitcoin (BTC) is trading at $8,864.97 (1.30%) with a daily Top Tier volume of $3.57 bn. As for ether (ETH), it is trading at $189.08 (-0.35%) with a daily Top Tier volume of $647.13 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,855.71 (-0.99%).