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Telegram Achieves Profitability, Surpass $1 Billion Revenue in 2024

By
Ojukwu Emmanuel
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0

Telegram’s founder, Pavel Durov, announced on Monday that the instant messaging platform has become profitable, with revenue surpassing $1 billion in 2024.

The company, which introduced its premium subscription service in 2022, saw the number of it Premium subscribers triple, exceeding 12 million.

Durov revealed that Telegram is closing the year with over $500 million in cash reserves, excluding its crypto assets.

Sharing this milestone on his X handle, he wrote,

“This year, the number of Telegram Premium subscribers tripled, exceeding 12 million. Our ad revenue also increased a few times. Telegram’s total revenue in 2024 surpassed $1 billion, and we are closing the year with more than $500 million in cash reserves, not including crypto assets. Over the past four years, Telegram has issued about $2 billion in debt. We repaid a meaningful share of it this Fall, taking advantage of favorable prices for the Telegram bonds.

“But there’s a lot of work ahead. Our innovations in monetization this year (Stars, Gifts, Giveaways, Mini Apps, the Affiliate Platform, Telegram Business, and Telegram Gateway) demonstrate that social media platforms can achieve financial sustainability while staying independent and respecting users’ rights.”

Telegram’s profitability attracted accolade from X and Tesla CEO Elon Musk who commended the platform for achieving such a significant milestone. Musk wrote on X, “Well Done”.

Telegram has evolved to stand out as a uniquely powerful social media platform, unparalleled in its ability to fuel social movements. Large channels on the platform enable the widespread dissemination of information, allowing movements to rapidly grow and mobilize supporters. Also, groups provide a dedicated space for coordinated action within movements, facilitating collaboration and strategy.

Telegram’s monetization model seamlessly integrates with the user experience, generating revenue without relying on exploitative data practices. With the introduction of Telegram Mini Apps on the TON blockchain, the platform is poised to revolutionize crypto adoption. This integration exposes hundreds of millions of Telegram users to the world of cryptocurrency for the very first time.

Notably, the launch of Telegram Mini Apps presents a lucrative opportunity for developers, with many already achieving significant financial success by building on the platform. This version maintains the core message while removing the subtitles and streamlining the presentation.

It is worth noting that due to heavy criticism the platform faced over alleged poor content moderation, that led to the arrest of its founder Pavel Durov in France in 2024, it has intensified its crackdown on harmful content. Early this month, the platform said it blocked 15.4 million groups and channels in 2024 as part of an intensified crackdown on harmful content, including fraud, terrorism, and child sexual abuse material (CSAM).

Telegram credited its progress to the deployment of cutting-edge Al moderation tools. According to the moderation report, the platform now blocks tens of thousands of groups and channels daily, removing millions of pieces of content that violate its Terms of Service. These include materials that incite violence, promote terrorism, or facilitate illegal trade.

How Nigerians Are Assembling Stampedes on Facebook

By
Mutiu Iyanda
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0

The recent surge in stampedes during charity events and palliative distributions in Nigeria offers a sobering lens into societal desperation, governance lapses, and cultural dynamics. From Ibadan to Abuja and Anambra, these tragedies reveal layers of structural inequality, poverty, and societal discontent. In this piece, our analyst examines some views of Nigerians on Facebook focusing on revealing how various elements coalesce to create a phenomenon.

Our analyst points out that economic hardship, poor organizational strategies, societal values, and political narratives are the elements that facilitate stampedes across the country. Analyzing these through the lens of recent events sheds light on both the immediate and systemic factors contributing to this alarming trend.

Economic Desperation as the Catalyst

The pervasive hunger and poverty across Nigeria form the bedrock of these tragedies. Commenters on social media lament the irony of a nation hosting lavish concerts featuring international artists while its citizens scramble for basic sustenance. Hunger, described as “weaponized poverty,” becomes a unifying force, a glaring symptom of an economy that has failed to provide for its people.

One commenter’s observation, “The same rice they cannot afford for this Christmas will be used as their burial ceremony,” encapsulates the despair. Stampedes at charity events, where crowds jostle for palliatives, are stark reminders of the socioeconomic divide. In an assemblage, economic hardship functions as the magnet pulling together desperate individuals, misaligned political priorities, and poorly managed charity initiatives.

Poor Organizational Practices

Another critical element in these stampedes is the lack of foresight and planning in organizing such events. Witnesses to the Abuja stampede noted that the crowd had begun gathering overnight, yet no provisions were made for effective crowd control. The police spokesperson’s statement urging event organizers to “adopt safety procedures” highlights the systemic neglect in preparing for large-scale gatherings.

The societal reaction to these tragedies underscores a troubling normalization of inefficiency. Statements like “Stampede seems to be the new skill in Nigeria” reflect resignation rather than outrage. Yet, these incidents could be mitigated through strategic planning, such as decentralized distribution points and improved coordination with security agencies—solutions suggested by Olori Temitope Ogunwusi during her outreach efforts in Osogbo.

Cultural Narratives and Divisive Politics

Social media discussions reveal a deep-seated ethnic and political bias in responding to these tragedies. Some commenters used the Ibadan stampede as an opportunity to highlight regional political allegiances, illustrating how ethnic divisions hinder collective action. As one person aptly noted, “The truth remains that tragedy knows no boundaries, and our reactions should never depend on geography or personal biases.”

Drawing on assemblage theory, our analyst notes that elements within a system retain their unique identities while contributing to a larger whole. In Nigeria, political narratives and ethnic affiliations often operate independently yet intertwine during crises, amplifying discord rather than fostering unity. The result is a fragmented response to issues that demand collective effort.

Government Accountability and Public Distrust

The recurring theme of government failure looms large in these discussions. Accusations of systemic neglect, ranging from inadequate economic policies to the weaponization of poverty, paint a grim picture of leadership disconnected from the people’s realities. The presidency’s attempt to deflect blame by attributing the stampedes to “poor organization” underscores a lack of accountability.

Assemblage theory’s emphasis on interconnections reveals how governance, or the lack thereof, interacts with societal desperation to create fertile ground for such tragedies. Public distrust of government initiatives, stemming from years of mismanagement, only exacerbates the problem. Charity events become necessary stopgaps, yet their execution often mirrors the inefficiencies of the state.

Rethinking Assemblages

To dismantle the assemblage of poverty-driven stampedes, Nigeria must address its interconnected elements systematically. First, economic reforms must prioritize inclusive growth, ensuring that citizens can afford basic needs without resorting to charity. Social programs should be designed to empower individuals sustainably, reducing reliance on one-off distributions that often spiral into chaos.

Second, organizers of charity events must adopt a coordinated approach, leveraging technology for registration and crowd management. Lessons can be drawn from better-managed events like those hosted by Pastor Jerry Eze in Abia State, where security and order were prioritized. These examples highlight the potential for charity to uplift without endangering lives.

Third, a cultural shift is necessary. The rhetoric surrounding these tragedies must move beyond assigning blame or perpetuating divisions. Instead, public discourse should focus on solutions and shared accountability. Ethnic and political affiliations should take a backseat to humanity, recognizing that hunger and poverty affect all Nigerians, regardless of geography.

Lastly, governance must evolve to be proactive rather than reactive. Leaders must own their responsibility in creating an environment where stampedes are not inevitable. This involves not just better planning but also addressing the root causes of poverty and inequality.

Best Cryptos to Buy and Hold for Short Term: Qubetics Flaunts 563% ROI as Polygon Improves Scalability and Fantom Rebrands as Sonic

By
TI Partners
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0

Cryptocurrencies are shaking up the global financial scene once again, and this week has been a rollercoaster of announcements. From Polygon’s strides in improving scalability to Fantom’s bold move of rebranding to Sonic, the market is abuzz with anticipation. These two projects are not just staying afloat but are setting standards that could redefine how we view blockchain efficiency and innovation.

Amidst these developments, Qubetics ($TICS) has emerged as the crown jewel of the crypto sphere, offering an ROI that’s turning heads and wallets alike. With over $7.7 million raised in its 14th presale stage and a thriving community of 11,700 holders, Qubetics is not just riding the crypto wave; it’s creating one. It’s a game-changer, especially for those seeking the best cryptos to buy and hold for short term gains.

Qubetics has positioned itself as the beacon for blockchain’s next evolution. While traditional financial systems still wrestle with inefficiencies, Qubetics introduces cutting-edge solutions like its Cross-Border Transactions feature, which bridges gaps and builds a seamless financial landscape for businesses, individuals, and professionals alike.

Qubetics: Revolutionising Cross-Border Transactions

Qubetics is not just another crypto project vying for attention; it’s rewriting the blockchain rulebook. Its Cross-Border Transactions feature addresses one of the oldest challenges in global finance: the clunky, expensive, and painfully slow process of sending money across borders. Think about how much time and fees are wasted on international transfers—now imagine a future where they vanish like yesterday’s dust storm. That’s Qubetics.

Here’s the kicker: it’s not just about speed. Whether you’re a business managing global suppliers, a freelancer in Saudi Arabia working with American clients, or even a student in Egypt paying tuition abroad, Qubetics ensures every transaction is secure, transparent, and done in a blink. No more worrying about exchange rates gouging your wallet or bank fees cutting into your savings.

Consider this: a local business in Qatar importing textiles from Europe can use Qubetics to settle invoices almost instantly. It’s like sending an email but with money—and no hidden fees. And for professionals in high-pressure industries, every second counts. Imagine a surgeon in the UAE needing to pay for specialised medical equipment from the US. With Qubetics, those payments are cleared faster than you can say “blockchain.”

This isn’t just a solution; it’s a revolution. With its presale already breaking records, Qubetics is a clear pick for anyone eyeing the best cryptos to buy and hold for short term.

Polygon: A Scalable Solution for the Blockchain Ecosystem

Polygon has always been a step ahead when it comes to addressing the scalability issues plaguing blockchain technology. Its recent integration of LayerZero’s cross-chain protocol is a testament to its commitment to innovation. This upgrade allows seamless asset transfers across Ethereum and Solana, creating a unified ecosystem where developers and users can interact without limitations.

For those in the Middle East, where tech adoption is sky-high, Polygon’s efficiency can’t be overstated. From managing digital identities to powering decentralised apps for supply chain management, Polygon is building a future that aligns perfectly with the region’s ambitious vision. Imagine an entrepreneur in Dubai launching a blockchain-powered logistics app—Polygon ensures it’s scalable, fast, and cost-effective.

Polygon isn’t just about tech for tech’s sake; it’s about solving real-world problems. Whether it’s reducing transaction fees or enabling global collaborations, this blockchain is proving why it’s one of the best cryptos to buy and hold for short term opportunities.

Fantom’s Sonic Rebranding: A Bold New Chapter

When a project like Fantom decides to rebrand, you know something big is in the works. Transitioning to Sonic isn’t just a name change; it’s a strategic move to reflect the project’s future direction. With plans to enhance its scalability and introduce a more robust infrastructure, Sonic is poised to be a powerhouse in the blockchain arena.

For users, this means better efficiency and lower costs. Picture this: an independent artist in Bahrain wants to mint NFTs. Sonic ensures the process is smooth, affordable, and secure. And for tech-savvy businesses, the potential is endless—from creating decentralised apps to managing digital assets.

The rebranding also signifies a renewed focus on community engagement and innovation. Fantom has always been a favourite among developers, and with Sonic, it’s doubling down on its commitment to being a developer-friendly platform. If you’re scouting for the best cryptos to buy and hold for short term gains, Sonic is one to watch closely.

Understanding Cross-Border Transactions: Why Qubetics Leads the Way

Cross-border transactions have long been the Achilles’ heel of global finance. Traditional systems are slow, costly, and riddled with inefficiencies. Blockchain technology, particularly Qubetics, flips the script.

Qubetics uses decentralised ledgers to facilitate instant, transparent, and secure transactions across the globe. By cutting out intermediaries, it not only speeds up the process but also slashes costs. This is a game-changer for regions like the Middle East, where businesses and professionals often deal with international clients and suppliers.

Think of it as a bridge that connects economies, simplifies trade, and empowers individuals. With its focus on real-world applications, Qubetics isn’t just leading the blockchain space—it’s redefining it.

Conclusion: Your Move in the Crypto Game

In a world where blockchain projects come and go, Qubetics, Polygon, and Sonic stand out as beacons of innovation and reliability. Each project brings something unique to the table, making them the best cryptos to buy and hold for short term growth.

Qubetics offers a seamless way to navigate global transactions, Polygon continues to push the boundaries of scalability, and Sonic’s rebranding sets it up for a bright future. The question isn’t whether you should invest—it’s which project you’ll start with.

Dive into the Qubetics presale today and be part of a revolution that’s reshaping finance. The clock’s ticking, and opportunities like this don’t wait.

 

For More Information:

Qubetics: https://qubetics.com

Telegram: https://t.me/qubetics

Twitter: https://x.com/qubetics

Pepe Coin (PEPE) vs Rexas Finance (RXS): Which Token Will Breakout and Copy XRP’s 5x Rally?

By
TI Partners
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0

Pepe Coin (PEPE) and Rexas Finance (RXS) are possible cryptocurrency game-changers. After XRP’s 5x surge, investors wonder which of these two tokens will follow suit and gain exponential momentum. RXS, a groundbreaking asset tokenization platform, promises to change the financial landscape with its creative approach to real-world asset-backed tokens. PEPE, recognized for its meme-powered appeal, has a significant community. As both tokens prepare for a massive surge, it’s time to analyze which one can replicate (or beat) XRP’s amazing gain.

Pepe Coin: A Meme Coin Open To Growth

Due to meme culture’s prominence, Pepe Coin (PEPE) has shown it can attract crypto market attention. Viral buzz from the internet’s love of meme coins and a dedicated group ready to ride the speculative wave drove its early climb. PEPE showed that social media trends and community enthusiasm might drive price changes as XRP did. PEPE’s volatility can generate possibilities during a bull run, but its meme culture and short-term hype sustainability issues are a concern. Due to its price swings being tied to short-term trends rather than long-term worth, PEPE risks being left behind when the market’s attention turns. It may undergo temporary surges like XRP’s 5x increase, but its long-term momentum is dubious, especially as the crypto industry matures and favors utility-driven ventures.

A Worthy Utility Token: Rexas Finance (RXS)

Using tokenization, Rexas Finance makes fine art, real estate, and commodities accessible to a wider public, changing the financial landscape. Rexas converts high-value assets into digital tokens for fractional ownership, allowing individuals to invest in assets previously reserved for affluent institutional investors. This democratization of investing options lowers entry barriers and creates new wealth. Rexas Finance is leading the way by integrating tokenized assets into its core financial systems, combining traditional investment vehicles with blockchain technology to revolutionize the banking industry. More than just a cryptocurrency, Rexas Finance is an ecosystem that connects blockchain technology to everyday applications.

The Rexas QuickMint Bot lets non-technical people produce and integrate tokens for startup fundraising, community projects, and event administration. Rexas Finance integrates with Telegram and Discord, making blockchain easy for individuals and organizations without specialized understanding. Rexas Finance’s accessibility and practical use cases ensure its long-term relevance and widespread adoption as more people and businesses realize blockchain technology’s value in managing, trading, and investing in real-world assets.

Rexas Finance: A Utility Token With Accelerated Growth Rate

With its massive presale success, Rexas Finance (RXS) has become one of crypto’s most promising utility tokens. With 364,105,624 tokens traded and $30.7 million raised, the project has shown investor faith and development potential. In Stage 10 of the presale, RXS is attractive to early investors for $0.15.  The presale price will rise to $0.175, then $0.20 a listing. Due to its price progression, RXS is a good investment for individuals wishing to capitalize on a coin primed for rapid development. The impressive presale result shows rising token demand and Rexas Finance’s strategic appeal as it prepares for a market breakout.

Rexas Finance has further increased its legitimacy and visibility by listing on CoinMarketCap (CMC) and CoinGecko. These listings have elevated the project’s profile in the crypto world, attracting more investors seeking Rexas Finance’s unique potential. As a crucial platform for real-world asset (RWA) tokenization, Rexas Finance will revolutionize asset management by bringing liquidity and transparency to illiquid markets. CMC and CoinGecko listings boost the token’s legitimacy and give investors quick access to market performance and trading volumes. With these strategic efforts, Rexas Finance is poised to attract investor interest, making it an even more appealing utility token with the potential for rapid development and market disruption.

Rexas Finance: Holding a Position To Outpace Pepe Coin

Rexas Finance can replicate XRP’s 5x surge and outperform meme coins like PEPE. Smart contracts are reliable and secure because of the project’s rigorous CertiK audit, which gives investors trust. Rexas Finance is reliable and secure in a market full of fraud and risks. Rexas Finance uses blockchain technology to provide genuine value, unlike meme coins like PEPE, which rely on excitement and speculation. As the cryptocurrency industry grows, investors want initiatives with actual value and sustainability, and RXS fits the bill. With solid auditing and compliance, Rexas Finance is better positioned than meme currencies without a defined use case as regulatory scrutiny increases. Rexas Finance could outperform meme currencies as the market adopts utility-driven tokens.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Why $1000 For Solana Is Achievable This Bull Run and What The Real Top End SOL Price Predictions Are

By
TI Partners
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0

The recent crypto market dip has hit Solana (SOL) hard with the altcoin price dipping to $180 calling into question early predictions from market experts. Analysts predict that SOL will soon resume its bullish momentum with a strong technical outlook and intensified push for Solana ETF approvals.

According to top crypto analyst and investor Armando Pantoja, SOL will be worth more than $1,000 by mid-2025. While this means the value of SOL could increase by more than 440% from its current range, investors are more interested in Remittix (RTX) as it prepares for its 2,200% price explosion.

Why Solana (SOL) Could Peak Above $1,000 This Bull Run

Since SOL peaked at $263.83 for its ATH, the altcoin has been hammered by bears. On the monthly timeframe, the Solana coin has declined by 28%, causing the altcoin to test the $180 support level, based on CoinMarketCap’s data. However, there seem to be several bright spots for SOL.

There has been a recent boom in the Solana memecoin ecosystem, crossing a market cap of over $15 billion. In addition, there is an increase in the push for Solana ETF approvals. S-1 listing for SOL ETFs has been filed by top asset managers like Bitwise, VanEck, 21Shares, and Canary Capital in the U.S.

While the approvals may take place a while, the strong technicals of the Solana crypto hint that the crypto could take off soon. Firstly, SOL is attempting to break out from a key ascending triangle pattern, confirmed by an increasing volume.

InvestingHaven has also confirmed that the chart structure of Solana (SOL) remains bullish with a clear cup-and-handle formation. With the growing momentum, analysts are expecting a major breakout rally for SOL over the next few months.

Armando Pantoja has said that the $1,000 price target for SOL which many other market analysts have said is “near guaranteed.” If these bullish events materialize, according to his prediction, the Solana price could trade at over $1,000 by mid-2025, making it one of the best altcoins to buy right now.

Curb is another analyst who has shared $1,000+ as the potential top for Solana (SOL) in this bull market. However, $208 looks like the first major resistance level for SOL to overcome as its price looks to rally to a new ATH.

Remittix ($RTX) a Game-Changer in Global Payments With 25x Growth Potential

The new PayFi protocol, Remittix (RTX) is redefining the global finance space with an efficient solution for individuals as well as businesses. Going against platforms like Stripe, Wise, or Coinbase, Remittix is building the foundation to be the bridge between fiat and crypto options.

Using Remittix, individuals can convert over 50 crypto pairs into 30+ fiat currencies and send the corresponding cash right to any global bank account because Remittix has integrated local bank payments. Remittix brings game-changing tools to businesses.

With Remittix Pay API, businesses can receive crypto payments from customers and settle their transactions in fiat. Merchant accounts can also be set up by businesses so they can make their own cash-out preferences, positioning RTX as one of the best cryptos to buy now.

Being a key part of Remittix’s ecosystem, $RTX will be involved in transactions and give its holders governance rights. They can also earn up to 20% APY over time. Remittix has raised over $374,000 in presale, while $RTX is priced at $0.0156. Based on the potential of Remittix in a $190 trillion market, analysts believe RTX could be the next 25x altcoin.

Solana and RTX, Which is the Best Altcoin To Buy for Huge Returns?

A potential top for Solana above $1,000 makes it one of the most appealing cryptocurrencies to buy now. However, Remittix looks set to give investors even bigger gains in the coming alt-season, with a potential 25x price pump coming making now the best time to secure a bag!

Join the Remittix (RTX) presale and community: 

Join Remittix (RTX) Presale

Join the Remittix (RTX) Community

Meta Title: Why $1000 for Solana Is Achievable This Bull Run: Top SOL Price Predictions

Meta Description: Explore the potential of Solana reaching $1000 during this bull run. Discover key factors that impact SOL’s price and examine expert predictions for its top end.

Keywords: altcoin to buy, cryptocurrencies to buy, altcoin, best cryptos to buy now, memecoin, best altcoins to buy, Solana ETF, Solana price, Solana crypto, Solana coin

 

 

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