• Telegram token sale illegal
    Cryptocurrencies,  Regulation

    Court to Telegram: $1.7 billion gram token sale is likely illegal

    The Securities and Exchange Commission has a ‘substantial likelihood’ of winning an ICO test case against the messaging app firm’s planned sale of gram tokens for its TON blockchain

    A federal judge issued a preliminary injunction stopping Telegram's planned resale of $1.7 billion in gram tokens, saying it is "part of a larger scheme to distribute those Grams into a secondary public market."

  • world map
    Asia & Australia,  Europe,  Regulation

    As the US dithers on regulating cryptocurrencies, other regions move forward

    Support for blockchain technology is stronger both in the US and abroad

    Cryptocurrency and blockchain enthusiasts were excited about the ​announcement​ this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the ​Congressional Blockchain Caucus​. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the ​Harvard Business Review​ by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: ​“Without clear regulations, cryptocurrency innovation in the United States is being stifled.…

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