Telegram Introduced a Gift Function and a Few Other Software Updates

Nevertheless, despite the new feature on social media messaging, Toncoin saw a little boost. As of the time of writing, TON’s price has increased by 2% over the previous day to $5.3

Telegram unveiled a gift feature and several other software updates.

However, despite the new feature on the social media messaging platform, TON coin saw a minimal boost. At the time of writing, TON’s price saw a 2% increase over the last day to reach $5.3.

According to CoinGecko, over the past week, the coin has declined by over 8%.

Price action showed that despite minor upsides in the cryptocurrency market, TON’s downward trajectory showed no sign of stopping.

With TON trading at $5.31 at the time of writing, the coin was seen moving toward the lower line of its horizontal channel, which had acted as support since March.

Last month, the coin fell to this line, and while the bulls managed to hold it, it failed to breach key resistance around $6.5, following which the coin began to decline once more.

If the bulls manage to overcome this key resistance, the altcoin’s price could reverse course and move upward toward the resistance level at around $8.

In other news, Telegram unveiled a new feature that allowed users to gift their friends unique items, which the recipient could use to display on their sites or even turn into stars.

Telegram CEO Pavel Durov also revealed that not all gifts were yet available.

Moreover, he added that a capability to convert these gifts into TON-based NFTs would be introduced.

Additionally, Telegram unveiled a technology that enabled businesses to confirm the phone numbers of their clients. The social app also enhanced its reporting interface.

The announcement highlighted that millions of pieces of content that violated the app’s terms of service were removed by moderators.

The system was now more capable and could incorporate more categories and specifics of the infraction.

Meanwhile, co-founder Pavel Durov and his partner Juli Vavilova recently disclosed that they had learned Juli was pregnant.

The couple believes the stress of the subsequent investigation, while French authorities briefly detained the Telegram founder, led to Juli’s miscarriage on October 4, 2024.

Durov was taken into custody on August 24, 2024, in France.

It was later revealed that in March 2024, French law enforcement had filed arrest warrants for Pavel Durov and his brother Nikolai.

The accusations included participation in the dissemination of child pornography as a result of what French authorities described as a deficiency in strict content filtering guidelines on the Telegram messaging app.