In a move that could shake up the crypto exchange world, Telegram CEO Pavel Durov on Wednesday announced that his company is working on a series of decentralized cryptocurrency tools to help millions of users safely trade their digital assets. According to the Telegram CEO, these tools will include non-custodial wallets and decentralized exchanges.
As the collapse of FTX, an exchange founded by Sam Bankman-Freid, continues to shake investors’ faith in the industry’s centralized players, Telegram is taking steps to build trustless and decentralized alternatives. The platform has already sold $50 million in usernames for TON’s native token through its blockchain-based auction platform Fragment, and Durov said that this week, he will expand the service beyond just usernames to include other crypto assets.
Moreover, the messaging platform is working to build a set of decentralized tools that will enable millions of crypto traders to store and send their tokens using a secure and trustless protocol. The next step is to develop a decentralized wallet and a decentralized exchange for crypto, which Durov believes will help fix the wrongs that have been caused by excessive centralization in the industry.
Another tool that Telegram plans to build is a crypto payments feature that would allow people to send their tokens directly from within the chat application. This would be similar to Twitter’s Tip Jar feature, which allows users to send their coins to third-party payment platforms such as Stripe.
Crypto Scams on Telegram
Whether you are new to the cryptocurrency market or you have been trading for a while, chances are that you’ve faced some sort of crypto scam at some point in your life. These scams often target inexperienced or even beginners, and if you’re not careful, they can leave you with a substantial amount of money that you’ve lost.
To help prevent this from Crypto exchange telegram happening to you, there are a few simple tricks you can use to keep yourself safe on Telegram. These tips will help you avoid most of the crypto scams that are currently operating on the platform.
One of the most popular crypto telegram groups is Learn 2 Trade, which has been created by a group of tech and financial analysts. The channel disseminates real-time technical analysis and critical events in the crypto space to its members. It also has a number of useful tools to help crypto traders improve their strategies and make better decisions.
Margin Whales is another well-known cryptocurrency telegram group that provides leverage indications for the Bitcoin and Ethereum markets. The channel also disseminates the latest news from the crypto space and offers market commentary.
This telegram channel is especially beneficial for long-term traders and stakers. Featuring daily and weekly price analyses, the channel offers a range of market insights and target predictions for cryptocurrencies such as Bitcoin and Ethereum.
The group is moderated and does not allow spam or scams to be posted within the channel, so it’s a good place to stay informed about the latest crypto news.
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