Telegram testing an Ethereum-compatible blockchain

Telegram is publicly testing its much-anticipated blockchain project ‘TON.’ The company’s blockchain will be compatible with Ethereum, allowing developers to port their Ethereum smart contracts, revealed a tech startup working on the project alongside Telegram.

Ethereum DApps will be available on Telegram’s new blockchain project

Telegram, one of the fastest-growing messaging apps in the world, is working on one of the most highly anticipated blockchain projects this year. The Telegram Open Network (TON), which will host the company’s native cryptocurrency Gram, is set to launch at the end of October.

Notorious for its lack of transparency, Telegram has been quiet for several weeks while it was setting up the network for public testing. Last week, sources close to Telegram revealed that its blockchain will be compatible with Ethereum. The news came from TON Labs, a tech startup tasked with building several tools for the development of the Telegram network.

Alexander Filatov, the CEO of TON Labs, said that one of the tools the company was working on since July was a Solidity compiler. The programming language, which is mainly used on Ethereum, will allow users to port Ethereum smart contracts to the Telegram network.

“That was probably the most difficult thing we built. It will allow the advanced Ethereumcommunity to pull everything they wrote for Ethereum into TON,” Filatov said.

Public testing of the Telegram network begins

According to a report from Russian business paper Vedomosti, public testing of the Telegram Open Network will begin soon. The company will be releasing the code and instructions necessary for installing and hosting a Telegram node to the public.

The network’s sharding and consensus mechanisms will also be available for the public to test, the Russian publication revealed, saying that it will allow users to confirm new blocks in the blockchain.

Two sources close to Telegram revealed the news—Vedomosti said that one of the sources was a TON investor, while the other was the head of one of the companies that participated in TON’s closed testing phase.

We are yet to see whether the public testing of TON yields any positive results for the network. The same sources said that those who participated in the closed testing round experienced various bugs and issues while installing test nodes.

With less than two months left until Telegram’s deadline to launch TON, the company will be under a lot of pressure to push through the public testing. If it fails to launch a working blockchain on Oct. 31 Telegram claims it will return all of the money it raised from investors.

Coinbase Set To Move UK Customer Operations To A Licensed EU Operator In Case Of No-Deal Brexit

The world is watching as the U.K takes its final steps out of the European Union (EU). Brexit uncertaintylooms large on whether the country will leave the union with a solid deal in place or no deal at all with Boris Johnson’s latest maneuvers pointing towards the latter. Leaving the EU without a deal on October 31st is set to be detrimental to the country’s finance industry and

The economic and regulatory vagueness on the consequences of a no deal Brexit is causing a number of cryptocurrency firms, including U.S largest crypto exchange, Coinbase, to look for alternatives elsewhere away from the U.K.

Coinbase Set to Move Operations to Firm in EU.

Coinbase transition out of the U.K has been going on for some time, as the exchange prepares for the worst scenario. Earlier in August, the exchange announced they had cut ties with Barclays, ending one of the most prestigious partnerships in the cryptocurrency industry. Well, the exchange looks to move its European customers operations elsewhere in Europe, in case the worst happens.

Coinbase sent out an email on September 1st, warning users that CB Payments, a U.K.-based e-money institution, will no longer be able to provide payment services in case of a no-deal Brexit. The end of the partnership between the two will however not affect any operations on Coinbase. The exchange is looking to transfer its operations to licensed operator in the EU.

Email sent out to U.K Coinbase customers on the possibility of CB Payments ending their partnership with the exchange in case of a no-deal Brexit (Source: Coinbase)

“In light of this, we plan to transfer your current relationship with CB Payments, Ltd. to another licensed Coinbase entity within the E.U.,” the company said in the email.

Following the abrupt ending of a 15-month relationship with Barclays, Santander Bank is showing signs of ending its services for its Coinbase U.K customers. Brexit has a huge role to play is the divorces happening in the cryptocurrency exchange as it aims to follow regulations. October 31st will be a big day for Bitcoin, and the cryptocurrency industry in Britain.

City University of Hong Kong School Strike Open Ceremony

9.2 City University of Hong Kong School Strike Open Ceremony
On September 2 the first day of school, students’ unions of universities and colleges have announced that “a strike in class but not in education” will begin in light of the Five Major Demands, which have yet satisfied. City University’s Students’ Union held the orientation day today and started with a moment of silence in rain on the footbridge outside of Yeung Kin Man Academic Building. Apart from a banner hung at the scene that writes “Liberate Hong Kong, Revolution of Our Times”, incoming students had also worn t-shirts printed with “Die in crying out but not live in silence” (寧嗚而死 不默而生), a quote from an ancient Chinese prose.

Source: USP United Social Press

La Salle College: Students may get a major demerit for wearing masks

La Salle College: Students may get a major demerit for wearing masks

A dozen of riot police stopped and searched students outside La Salle College this morning. Police took record of students’ personal information.

Later students claimed that the school might give students who wore black masks a major demerit.

Source: Information on Class Boycott #StrikeDay

New Territories Heung Yee Kuk Yuen Long District Secondary School

0954 New Territories Heung Yee Kuk Yuen Long District Secondary School

Today at 0815, students and alumni were stopped and searched by more than 10 Tactical Unit policemen when distributing flyers outside school gates.

Police did not provide a reason for the search, but claimed that they “have reasonable doubt” that persons being searched did not carry their HKID. A emergency unit vehicle was still on guard at the scene at 09:45.

It is known that the school did not send any teachers or school staff to assist the students and alumni.

Source: #StrikeDay

St Francis Canossian College

Sep 2
0938
St Francis Canossian College, which Chief Executive Carrie Lam Cheng Yuet-ngor attended, six students wearing school uniform, wearing yellow helmets, goggles and masks, holding slogans, kneeling in the rain for half an hour in front of the school, hoping to arouse the students’ attention to the campaign, and hope that their alumnus Carrie Lam can listen to their voices.

Source: Demosistõ TG Channel

Ex Goldman Sachs Executive Raoul Pal Asks Investors To Buy Bitcoin

The founder of Global Macro Investor and Real Vision Group Raoul Pal recently took to Twitter to say that global financial markets and currencies are at a very fragile junction. With the dollar rising at an uncontrollable rate, we could witness all major Asian currencies falling by 20 percent or more. This makes the perfect breeding ground for Bitcoin (BTC) adoption.

The US-China trade war could be fueling this year’s bull run, as it is negatively affecting the Chinese yuan and appears to be positively affecting the price of Bitcoin. Additionally, the television network RT prompted that the trade war between the two economic giants could potentially be leading Chinese investors to abandon the yuan and seek out Bitcoin in anticipation of the yuan falling further.

Although there is a blanket ban for Bitcoin and crypto trading in China, they still have a vibrant OTC market. The OTC market is vibrant, and these venues have found politically acceptable ways to allow buyers and sellers to meet in China. Zhao Dong, arguably the largest OTC trader in China, is one of the main people responsible for the successful $1bn Bitfinex LEO IEO.

Gold and Bitcoin have been showing similar technical indicators. This trend suggests that investors are expecting an impending currency crisis and Bitcoin could become accepted as a new financial system or even currency.