Features News Official TheBitTimes.com

Toncoin (TON) gained bullish momentum over the past week as positivity around the asset grows strong .  TON registered 8.7% gains in the past 24 hours and is trading at $2.63 at the time of writing. The asset’s market cap surpassed the $9 billion mark with the recent surge, marking an 11-month high.  TON price, social volume, and open interest – Nov. 8 | Source: Santiment The surge comes after Telegram founder Pavel Durov announced the giveaway of 10,000 premium subscriptions to his messenger app. According to his post, Durov purchased the premium accounts for TON coins worth roughly $200,000.  You might also like: Custodia Bank announces Bitcoin custody platform launch On Nov. 3, the Dubai Financial Services Authority approved using TON and XRP in the regulator’s region.  Consequently, the positive sentiment around TON has triggered a strong “buy” signal . According to data provided by the market intelligence platform Santiment, Toncoin’s p...

The Dubai Financial Services Authority (DFSA), the financial regulator of the special economic zone, Dubai International Financial Centre, has approved TonCoin (TON) and XRP. The two now join Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). This approval means that financial institutions in the Dubai International Financial Center can now conduct transactions with these tokens. Ripple opened its Middle East and North Africa headquarters in DIFC last year, and about 20% of its customers are in this region, according to the company. “It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP to position Dubai as a leading financial services hub intent on attracting foreign investment and accelerating economic growth.” Brad Garlinghouse, Ripple CEO In February 2023, the Regulation on Virtual Assets and Related Activities came into force in Dubai, which finally regulated the Virtual Asset Service Provider(VASP) licensing process and clarified asp...