COINDESK DAILY: TON Back Online After Near Six Hour Outage; Trump Releases Fourth Drop of His NFT Trading Cards

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CoinDesk

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4.7 • 698 Ratings

🗓️ 28 August 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the news in the crypto industry from TON blockchain's outage to Trump's new digital trading card NFT collection. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the TON blockchain resumes producing blocks after a nearly six-hour outage caused by a surge in network traffic. Plus, Australians lost $122 million of crypto to investment scams in just 12 months, and Trump is out with another collection of digital trading card NFTs. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	TAN is back online after an outage and Trump launches a new NFT collection.
0:05.5	This is CoinDesk Daily. I'm your host, Jen Senassie.
0:13.5	Toncoin, the native token of the Tahn blockchain stopped producing blocks in the morning on Wednesday.
0:19.2	It is now back online. After a nearly six-hour
0:22.2	outage caused by a surge in network traffic, the network returned back online in early afternoon
0:27.2	Hong Kong time. A blockchain not producing blocks for an extended period of time is concerning
0:31.9	because it disrupts the network stability, potentially leading to security risks and transaction
0:37.3	delays.
0:38.2	This downtime might have been a result of a new meme coin called dogs crashing the network.
0:44.1	Former President Donald Trump is out with another collection of digital trading card NFTs.
0:49.8	According to a post from Trump on social media platform, Truth Social,
0:53.9	this fourth collection will offer high rollers a piece of the candidate's suit from his debate with President Joe Biden.
1:00.3	People who spends $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.
1:14.0	In his most recent financial disclosures, Trump revealed that his NFT business had netted him well over a million dollars in crypto.
1:22.1	And according to the Australian Federal Police, Australians lost $259 million in investment scams in the
1:28.4	2023-24 financial year of which 47% involved cryptocurrency.
1:35.2	The two common methods being used are pig-butchering and deep fake technology.
1:40.0	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.
1:48.4	60% of the scam reports made to police came from people who were under the age of 50 years old.
1:54.3	That's it for CoinDesk Daily.
1:55.5	Get more updates on CoinDesk.com and we'll see you next time.

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