• Telegram's TON blockchain logo
    Cryptocurrencies,  Regulation

    Refusing to buckle to SEC, Telegram releases TON whitepaper

    The messaging app company is moving ahead with development of the TON blockchain the SEC is trying to kill

    Telegram has been locked in a fierce legal battle with the Security and Exchange Commission, which wants to block the company’s initial coin offering and halt the launch of its Telegram Open Network, or TON, blockchain.  But that hasn’t stopped the messaging app company from pushing forward with the technical details of its project. On Feb. 3, Telegram issued the latest version of its technical whitepaper for its TON blockchain—a key piece in actually launching its gram tokens and fulfilling the promises it made to its investors. 

  • Court to Telegram No gram sales
    Alt coins,  Regulation

    After court ‘win’ Telegram claims will abandon TON blockchain, gram token  

    A small win in court is overshadowed by messaging service turned blockchain developer Telegram’s announcement that it won’t maintain its own TON blockchain. But is it all hot air?

    Telegram’s victory in court over the Securities and Exchange Commission Monday wasn’t much of a victory. In fact, it could prove to be the undoing of its planned Telegram Open Network blockchain platform and gram cryptocurrency. The simultaneous announcement that it won't integrate gram payments into its Telegram Messenger platform signals a recognition that its fight to keep the $1.7 billion in gram tokens it sold in 2018 from being declared a security is faltering.

  • Cryptocurrencies,  Regulation,  United States

    SEC: Telegram lied about its ICO

    The Securities and Exchange Commission is ‘deeply troubled’ by blockchain developer’s refusal to turn over bank records; Telegram condemns the SEC’s ‘scorched earth’ attack on SAFT utility token sales

    The U.S. Securities and Exchange Commission asked a judge on Thursday to make messaging service turned blockchain developer Telegram open its books in an effort to stop what it believes is an illegal securities offering. Telegram raised $1.7 billion in the first quarter of 2018 by pre-selling 2.9 million gram tokens.