• Virgil Griffith brilliantly announced his illegal trip to North Kore on Twitter
    Ethereum,  People,  Politics

    Virgil Griffith free on bail

    The former Ethereum developer has been released from custody, a full 10 days after a judge ordered him released on $1 million bail

    Virgil Griffith, the former head of special projects for the Ethereum Foundation, is free on $1 million bail. He was charged with violating sanctions following a trip to North Korea in April to deliver a lecture on cryptocurrency. Prosecutors say he assisted the rogue regime in using cryptocurrency to bypass sanctions.

  • 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.