TON Back Online After Near 6 Hour Outage; Trump Releases More His NFT Trading Cards | CoinDesk Daily

Published: Aug 27, 2024 Duration: 00:02:01 Category: News & Politics
Tags : australia us politics politics donald trump Bitcoin NFT trump Blockchain headlines election 2024 Ton crypto news today Ethereum Crypto Market bitcoin news bitcoin price bitcoin today btc news ethereum price ethereum today trump nfts CD Daily cdtv coindesk daily coindesk bitcoin price today coindesk tv crypto news now bitcoin rally TON outage
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Jenn: Ton is back online after an outage and Trump launches a new NFT collection. You're watching Coindesk Daily. I'm your host, Jenn Sanasi. Toncoin, the native token of the Ton blockchain, stopped producing blocks in the morning on Wednesday. It is now back online. After a nearly six hour outage caused by a surge in network traffic, the network returned back online in early afternoon Hong Kong time. A blockchain not producing blocks for an extended period of time is concerning because it disrupts the network's stability, potentially leading to security risks and transaction delays. This downtime might have been a result of a new meme coin called dogs crashing the network. Former president Donald Trump is out with another collection of digital trading card NFTs. According to a post from Trump on social media platform, truth social, this fourth collection will offer high rollers, a piece of the candidate's suit. From his debate with president Joe Biden, people who spend 24, 750 on the cards will also get access to Trump sneakers, Trump cocktails, and dinner at Trump National Golf Club in Jupiter, Florida with the former president. In his most recent financial disclosures, Trump revealed that his NFT business had netted him well over a million dollars in crypto. And according to the Australian Federal Police, Australians lost 259 million in investment scams in the 2023 2024 financial year. Financial year of which 47 percent involved cryptocurrency. The two common methods being used are pig butchering and deep fake technology. When it comes to the victims, AFP assistant commissioner, Richard Chin, said the data shows it was a misnomer that only older people were victims of scams. 60 percent of the scam reports made to police came from people who were under the age of 50 years old. That's it for Coindesk Daily. Get more updates on coindesk. com, and we'll see you next time.

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