#BATUSDT The main bottom for the 2022 bear market for Basic Attention Token (BATUSDT) happened in December 2022, after it goes sideways but, let's take June 2023 as the market bottom for the purpose of this chart.
1- on the chart is a stop-loss hunt event. It leads to a bullish wave. 2- on the chart is the same; a reversal comes next.
The bullish signal is in because 2- is already gone. The action went below long-term support (June 2023 low) is now trading back above it. Three weeks green, bull confirmed; yes we win! Yes
#BATUSDT The main bottom for the 2022 bear market for Basic Attention Token (BATUSDT) happened in December 2022, after it goes sideways but, let's take June 2023 as the market bottom for the purpose of this chart.
1- on the chart is a stop-loss hunt event. It leads to a bullish wave. 2- on the chart is the same; a reversal comes next.
The bullish signal is in because 2- is already gone. The action went below long-term support (June 2023 low) is now trading back above it. Three weeks green, bull confirmed; yes we win! Yes
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
Why Telegram?
Telegram has no known backdoors and, even though it is come in for criticism for using proprietary encryption methods instead of open-source ones, those have yet to be compromised. While no messaging app can guarantee a 100% impermeable defense against determined attackers, Telegram is vulnerabilities are few and either theoretical or based on spoof files fooling users into actively enabling an attack.
