Latest news with #Toncoin
Yahoo
3 hours ago
- Business
- Yahoo
Toncoin Extends Rally as Telegram Launches Integrated TON Wallet for 87M U.S. Users
Toncoin (TON) extended its impressive rally Monday after Telegram began rolling out its TON Wallet to 87 million users across the United States. The update enables seamless crypto transfers and staking directly within the messaging app's interface — with no need for external downloads, extensions, or logins. The TON Wallet, developed by The Open Platform (TOP) and built on the TON blockchain, allows Telegram users to send and receive stablecoins and other digital tokens as easily as sending a message. According to a CNBC report published Tuesday, this marks the first time a self-custodial wallet has been embedded in a mainstream messaging platform for the U.S. market. TOP CEO Andrew Rogozov said the timing reflects a more favorable regulatory climate. 'We started considering the U.S. as a more interesting opportunity for us,' he told CNBC, adding that Telegram's user growth and crypto-savvy audience helped justify the launch. To simplify the user experience, the TON Wallet employs a split-key recovery model. One part of the backup is linked to the user's Telegram account and the other to their email — removing the need for a seed phrase. 'This is how we simplify the whole thing,' Rogozov said, emphasizing the company's goal to remove friction from crypto onboarding. TON Wallet supports staking, token swaps, zero-fee purchases via MoonPay, and on- and off-ramps using debit cards. It also connects to decentralized apps through Telegram's 'Mini Apps' platform, offering a complete in-app Web3 experience. As of publication, according to CoinDesk Data, TON is trading at $3.4121, up 3% over the past 24 hours. The token has gained 12.2% over the past week and 25.6% over the past month, driven by increased usage, platform integration, and bullish investor sentiment. Technical Analysis Highlights According to CoinDesk Research's technical analysis data., TON rallied strongly during the 23-hour trading window from July 21 18:00 UTC to July 22 17:00 UTC, climbing from $3.25 to $3.58 and delivering a 10.15% intraday surge at 13:00 UTC on July 22, supported by 46.32 million units of trading volume The token broke decisively above key resistance near $3.34, expanding its trading range by $0.38 — or 11.84% — as momentum accelerated. In the final hour from 16:39 to 17:38 UTC on July 22, TON dropped from $3.53 to $3.44, shedding 2.54% amid weakening volume and forming lower peaks that signaled a short-term pullback despite strong overall bullish structure. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
8 hours ago
- Business
- Time of India
Telegram introduces built-in crypto wallet, bringing its users into mainstream blockchain
The Open Network (TON) is a decentralised, layer-1 blockchain platform developed by the Telegram team, led by the Durov brothers, to create a highly scalable and user-friendly blockchain ecosystem integrated with the Telegram app. Tired of too many ads? Remove Ads Global messaging giant Telegram has launched its integrated TON Wallet to its users, beginning the roll out for its US Open Network (TON) is a decentralised, layer-1 blockchain platform developed by the Telegram team, led by the Durov brothers, to create a highly scalable and user-friendly blockchain ecosystem integrated with the Telegram the new feature, American users can send, receive and manage cryptocurrencies, including Toncoin (TON), USDT, Bitcoin, and other tokens directly inside the Telegram app, without any additional downloads or browser makes Telegram the first mass-market social app in the US to offer a self-custodial crypto of the key features include instant peer-to-peer crypto transfers within Telegram chats, token swaps, staking and built-in trading tools, zero-fee crypto purchases via Apple Pay, Google Pay, or cards, and access to TON's expanding ecosystem of decentralised 'Mini Apps'.
Arabian Post
09-07-2025
- Business
- Arabian Post
UAE Authority Rejects Myth of Lifetime Golden Visa
Arabian Post Staff -Dubai Federal Authority for Identity, Citizenship, Customs and Port Security has issued a strong and authoritative rebuttal to claims circulating that the United Arab Emirates is offering lifetime Golden Visas to certain nationalities. In its statement on 8 July, ICP emphasised that Golden Visa eligibility is strictly governed by existing laws, ministerial decisions, and official regulations. Applications are processed only via UAE government channels—no consultancy firm, internal or external, has legitimate authority to promise visa grants under simplified conditions. The statement was prompted by alleged press releases from a foreign consultancy office claiming applicants could secure lifetime Golden Visas for all categories from abroad. ICP characterised these claims as legally baseless and made without coordination with UAE authorities. Following these claims, several Indian and UAE-based outlets reportedly published the information before the ICP clarified its position. ADVERTISEMENT While ICP refrains from naming the specific consultancy, it has warned of impending legal action against entities using false promises to extract money from individuals seeking long-term residency in the UAE. 'Entities spreading such false information [are] exploiting [people's] hopes for a dignified life,' the authority stated. It urged the public to verify procedures through official sources, including its website and app, or by contacting the designated call centre at 600522222. The ICP insisted that the Golden Visa framework remains unchanged: eligibility criteria, procedural regulations, and visa categories continue to be defined by UAE law and ministerial orders alone. The visa remains accessible only to those meeting these statutory provisions, and all processes must follow the established, government-operated digital platforms. This response comes amid a broader pattern of misinformation regarding Golden Visa eligibility. Earlier this month, another wave of misleading reports claimed investors in digital currencies—particularly in Toncoin—had qualified for a ten-year Golden Visa by staking cryptocurrency. In response, ICP, alongside the Securities and Commodities Authority and the Virtual Assets Regulatory Authority, issued a joint statement rejecting those claims and reminded the public that cryptocurrency investment is not a recognised category for Golden Visa issuance. Under the official programme, Golden Visa eligibility remains targeted to specific categories: real-estate investors, entrepreneurs, exceptional talents, qualified professionals, scientists and researchers, high-performing graduates and students, frontline workers, humanitarian pioneers, and notable maritime asset holders. The ICP reaffirmed that these criteria are set in accordance with legal frameworks and are unchanged by the rumours. Despite the cross-border spread of misinformation, UAE authorities appear resolute in their commitment to transparency, integrity, and regulatory enforcement. The ICP has stated that all application processes must occur through official digital services, and only those platforms bear the authority to collect fees or accept documentation. Third-party entities claiming to facilitate visa applications risk legal consequences. ADVERTISEMENT Experts underscore the potential fallout from such false claims. 'Misleading promises fuel public confusion and pose reputational risks for the UAE's visa systems,' noted one legal analyst based in Dubai, requesting anonymity. Misinformation casts doubt on the authenticity of the Golden Visa programme and could encourage fraud. UAE authorities increasingly rely on legal measures and public advisories to counteract false narratives. The timing of this clarification aligns with heightened international interest in UAE residency schemes. In early July, news emerged that the UAE was piloting a streamlined lifetime Golden Visa pathway for Indian nationals under the UAE‑India Comprehensive Economic Partnership Agreement. Under the pilot, eligible Indian applicants could receive life-long residency without property investment, upon nomination and the payment of AED 100,000. This development appears to have driven a surge in media attention and consultation requests aimed at service providers. While the ICP has not confirmed or elaborated on a pilot programme specific to any nationality, it advised the public to seek information strictly through official platforms. Interested parties are encouraged to consult the ICP website or app for updates on visa categories, including any new arrangements introduced under international agreements. Signals from the UAE government reflect a dual strategy: expanding its talent- and investment-focused Golden Visa system, while firmly safeguarding procedural integrity. Through legislative collaboration, digital transformation, and cross-border trade agreements, the UAE continues to enhance its residency framework. However, officials remain vigilant against exploitation and fraudulent intermediaries. As the visa environment evolves, clarity from ICP and associated authorities remains vital. Their recent intervention serves to remind the public that any deviations from established criteria are unauthorised and legally questionable. For those pursuing Golden Visa status, due diligence and reliance on official channels are indispensable.
Yahoo
08-07-2025
- Business
- Yahoo
The TON golden visa offer was never about residency. It was about crypto's identity crisis
The TON golden visa offer was never about residency. It was about crypto's identity crisis originally appeared on TheStreet. This past weekend, The Open Network (TON) made an announcement that staking $100,000 worth of Toncoin for three years and paying a $35,000 processing fee, individuals could become eligible for a 10-year golden visa to the United Arab Emirates. The message was clear—crypto wasn't just about finance anymore. It was now offering life-changing, government-backed privileges. Or so it seemed. The proposal promised a streamlined pathway to residency — under seven weeks from submission to approval — along with annual staking yields of 3% to 4% and visa coverage for immediate family members. It was billed as an 'investment alternative' to traditional golden visa routes, which usually require property purchases or large equity injections. And it came with an apparent seal of confidence: Telegram CEO Pavel Durov reshared the announcement on X, lending it a powerful (if implicit) sense of credibility. Have a different take on TON's golden visa pitch? Join TheStreet's Mehab Qureshi on Roundtable and share your view. For a few hours, it worked. Toncoin rallied. Crypto Twitter buzzed. In an industry constantly searching for validation in the real world, this felt like a headline breakthrough. But by Monday, the UAE government had refuted the claim, categorically. In a joint statement, the Federal Authority for Identity and Citizenship, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority stated clearly: digital asset investments do not qualify for golden visa programs. They warned investors not to confuse promotional material with public policy, and they noted that TON was not licensed or regulated in the UAE. Let's be clear that there's nothing illegal about promoting staking programs. And blockchain-backed yield mechanisms, while still volatile, are a part of mainstream crypto infrastructure. But what made this case stand out was the leap from digital finance into sovereign immigration policy, something no crypto project, no matter how confident, has the authority to promise. The golden visa debate is just getting started. Join Mehab Qureshi on Roundtable to weigh in. To be eligible for a golden visa in the UAE, investors must meet strict criteria: a minimum of 2 million AED (about $544,000 USD) in real estate or public investments, or professional distinction in high-demand sectors like healthcare, research, or entrepreneurship. The visa allows long-term residency, the ability to live and work in the country without a sponsor, and other benefits designed to attract talent and capital. That's why the TON episode should be read not as an isolated misfire, but as a symptom of crypto's deeper identity tension. On one hand, the industry is maturing, platforms like TON, Ethereum, and Solana are increasingly integrated into fintech conversations. On the other hand, there's still a hunger for moonshot moments shortcuts to legitimacy, often pitched without the infrastructure or oversight to support them. In this case, even seasoned observers were caught off guard. Binance founder CZ reacted on X with the simple question, 'Is this real?' And that's the real issue. It's not about TON. It's about how easily bold crypto narratives can break containment—how fast a marketing slide can be mistaken for state-backed policy, especially in a space where tokens double as brands, products, and investments. The UAE has positioned itself as a global blockchain hub, attracting hundreds of firms with its light-touch but structured approach to crypto regulation. But the golden visa is not part of that sandbox. TON's misstep wasn't in building a staking program. It was in assuming that the rules of the blockchain could extend to the rules of a state. There's a lesson here, and it's one the crypto sector would do well to internalize, innovation doesn't excuse overreach. You can build fast, yes. But if you're going to claim real-world access—residency, citizenship, banking—you need real-world permission. Crypto still operates in a credibility economy. And that credibility is hard-earned, easily lost. The more projects blur the line between aspiration and authority, the harder it becomes for the entire space to gain the trust it desperately seeks—from regulators, from users, and from the public. For all its potential, crypto cannot rewrite immigration law. Not yet. And certainly not through a staking pitch. Disclaimer: This article is an opinion piece and reflects the views of the author. The information provided is for informational purposes only and should not be interpreted as legal, financial, or immigration advice. The TON golden visa offer was never about residency. It was about crypto's identity crisis first appeared on TheStreet on Jul 7, 2025 This story was originally reported by TheStreet on Jul 7, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Out Dubai
07-07-2025
- Business
- Time Out Dubai
UAE clarifies that TON and crypto investors don't get golden visas
The United Arab Emirates has clarified its golden visa rules following online speculation that crypto investors in the country can get the long-term residency permit. On Sunday July 6, there was widespread speculation on social media that investors in the cryptocurrency Toncoin would be granted a 10-year golden visa. However, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) , the Securities and Commodities Authority (SCA) and the Virtual Assets Regulatory Authority (VARA) have issued a joint statement to deny these false reports. Golden visas, which allow holders to live, work and study in the UAE without the need for a national sponsor, are issued according to clear and officially approved frameworks and criteria. While the rules have opened up in recent years, the ICP has highlighted that the frameworks and criteria do not include digital currency investors. Eligible criteria include real estate investors, entrepreneurs, exceptional talents, scientists and specialists, top students and graduates, humanitarian pioneers and frontline workers. And, in Dubai, help is provided to eligible nurses, teachers and content creators to obtain the document. You may like: Every UAE golden visa category explained The SCA reaffirmed that it is committed to upholding internationally recognised standards in regulating the financial sector and securities services in the UAE. It further clarified that digital currency investments are governed by specific regulations and are unrelated to golden visa eligibility. The authority urged investors to obtain information from credible and official sources to avoid misinformation or fraud. VARA denied any claims regarding the issuance of golden visas to virtual asset investors in Dubai. The authority urged consumers and investors to deal exclusively with fully licensed and regulated companies when engaging in services and investments related to virtual assets. Companies licensed by VARA must strictly adhere to the visa procedures outlined by the Government of Dubai and the relevant federal authorities. The company TON, which claimed it was capable of offering users the chance to get a golden visa, is not licensed or regulated by VARA. The three authorities urged the public and investors to exercise caution and only refer to official government websites and approved communication channels for accurate information. They also warned against engaging with unverified adverts or offers spreading online. In other Dubai news The incredible music festivals coming soon to Dubai The big events to know about All the best concerts and gigs coming to Dubai in 2025 There's a show for every taste 16 brilliant Dubai staycation deals to snap up this summer From free breakfasts to spa treatments
