Pavel Durov is demanded to pay $100 million for the failure of the TON blockchain platform, and Fidelity approves investing in bitcoin

Investors demanded compensation for $100 million for Pavel Durov’s failed blockchain project

The notice states that failure to compensate for damages will result in litigation in the UK. The defendants will be not only Pavel Durov, but also other top managers and lawyers of TON.

We would like to remind the reader that in mid-2020, Pavel Durov announced the closure of his TON blockchain project. This was due to a court decision that agreed with the SEC’s position and prohibited the transfer of Gram tokens to platform investors. Earlier, the project attracted $1.7 billion from 171 investors.

American financier approved BTC as an investment asset

“In my view, bitcoin has evolved to the point that it could be treated as a form of digital gold…a possible counterweight to future monetary inflation,” Timmer tweeted.

A top manager at Fidelity Investments, analyzing the nature of bitcoin, noted that the demand for this asset continues to grow “exponentially”, while the supply remains unchanged. This scenario cannot be applied to gold, the annual production of which has remained roughly the same for a long time.

NYC Attorney’s Office: Investing in Cryptocurrencies is fraught with “extreme risks”

“Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains,” the New York Attorney General says.

The warning came amid the growing attention of retail and institutional investors to the cryptocurrency market and to Bitcoin in particular.

“The recent dramatic run-up in price of virtual currencies (especially bitcoin) promises the lure of unrealistic returns and has opened the door for con artists and cheats,” said James.

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