• Hester Peirce SEC nomination
    Cryptocurrencies,  Regulation

    “Crypto Mom” tells Senate crypto is here to stay

    At a hearing for a second term on the Securities and Exchange Commission, Hester Peirce called for clearer regulations on selling cryptocurrencies, and took issue with the project-killing lawsuit against Telegram

    Speaking at a hearing on her nomination for a second term on the Commission, the Republican appointee promised to “redouble” her effort to create such an environment in order to spur innovation and attract new entrants to the industry.

  • SEC shoots down Telegram
    Alt coins,  Regulation

    SEC shoots down Telegram’s TON blockchain

    Well-known cryptocurrency lawyer Stephen Palley tells Modern Consensus that the Telegram Open Network blockchain’s demise will create headaches for projects funded in similar ways

    Telegram CEO Pavel Durov announced on May 12 that his messaging platform’s active involvement with TON is over—using a blog post to lambast the U.S. judge who effectively stopped the project from going ahead.

  • Durov bets the house
    Cryptocurrencies,  Regulation

    Telegram’s Pavel Durov bets the house on TON

    Pummeled by in court by the U.S. Securities and Exchange Commission, Pavel Durov offered TON blockchain investors a choice: a 28% loss now or 10% profit in a year—backed by equity in his Telegram messaging platform

    In an April 30 letter to investors, Durov put his stake in the Telegram messaging app on the table, offering to reimburse 110% of their investment with his own money if they let their gram token investment ride for another year. Otherwise, they can cash out now, getting back 72 cents on the dollar.

  • 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.