On Aug. 29, French President Emmanuel Macron delivered a press conference during his diplomatic visit to Serbia. During the televised visit, the French leader told reporters that he did not invite Telegram co-founder Pavel Durov to the country, nor was he aware of his trip to France. According to a translated version of Macron’s response, the French president said: "As far as I'm concerned, I was absolutely unaware of Mr. Durov's coming to France. And this is quite normal because I have not been aware of the coming of nationals from all over the world whether they have French nationality or not." The French president then reiterated that Durov’s case would be handled by the “independent action of the French justice system.” Macron has faced widespread, international backlash for the decision to arrest Durov. He maintains that the decision to detain the tech entrepreneur was not political.
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London-based cryptocurrency custodian Copper is expanding institutional access to the Hedera blockchain via a partnership announced on Tuesday. In particular, Copper will provide custody and staking services for Hedera’s HBAR -2.62% token and operate an on-ramp into the Hedera DeFi ecosystem. Hedera, a public, decentralized network that uses a bespoke algorithm known as a “hashgraph,” is particularly focused on the emerging world of asset tokenization. Earlier this year blockchain firms Archax and Ownera issued a BlackRock Treasury fund on Hedera — though without BlackRock’s direct involvement. "Institutional investors now have a streamlined and secure path into the Hedera ecosystem thanks to Copper's integration,” Shayne Higdon, co-founder and CEO of the HBAR Foundation, told The Block in an email.
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Pavel Durov announced the launch of a mini-application store in Telegram and a built-in browser with support for Web3 mechanisms in July 2024. The term Web3 is commonly understood as a next-generation decentralized Internet based on blockchain, which gives users control over their data and interactions with applications and sites. In addition, according to Durov, Telegram will introduce a system to combat crypto fraudsters. The messenger will show data on the date and country of registration for public accounts, similar to Instagram (owned by the Meta corporation, whose activities are recognized as extremist in Russia and are prohibited).
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