• Telegram drops Gram trademark
    Alt coins

    In a coda to its failed TON blockchain project, Telegram abandons trademark suit

    Telegram paid one last time—to a competitor—for the death of its plan to distribute $1.7 billion in Gram tokens at the hands of the SEC

    The messaging service turned blockchain developer dismissed its lawsuit against crypto firm Lantah, which plans to use Grams as the name of its own tokens. The decision is presumably the result of Telegram abandoning the project that would use the trademark following its settlement with the U.S. Securities and Exchange Commission (SEC).