Utila, the crypto operations platform and enterprise-grade MPC wallet provider, announced a partnership with Twinstake, an “institutional-grade,” non-custodial staking provider to offer TON staking solutions for institutions. This collab empowers institutional investors to participate in TON staking and generate yields on their digital assets. The… Read More
Pavel Durov, the Russian-French billionaire founder and CEO of the messaging app Telegram, was arrested at Bourget airport outside Paris on Saturday evening. At one point, Durov sought to issue a native crypto TON (Gram), but following an enforcement action by the Securities and Exchange… Read More
Dan Morehead, CEO at Pantera Capital, confirmed that Pantera recently made the largest investment in its history in the TON initiative. Dan Morehead explained via social media that TON is a Layer 1 network originally “designed by Telegram and continued by the open source community.”… Read More
Pantera Capital has announced a significant investment in TON, the Telegram L1 blockchain, signaling a major push to boost cryptocurrency adoption across the globe. Revealed on the social media platform X, this collaboration is set to utilize Telegram’s vast user base of over 900 million… Read More
Mask Network, which claims to be one of the world’s leading decentralized social networks, has announced an investment in The Open Network (TON) in order “to further develop its ecosystem at large and provide innovative solutions for people across networks.” Founded in 2017, Mask aims… Read More
The TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has announced a global hackathon in collaboration with DoraHacks, a global hacker organization that “acts as a bridge, connecting hackers to enterprise challenges and entrepreneurial ideas.” Titled,… Read More
Bit.com, the “high-performance” digital currency exchange, will be partnering with TON (The Open Network) to form a “strategic” partnership to “develop, enhance and expand the TON Ecosystem.” The platform will be “utilizing its trusted security partner, Cactus Custody, to support TON’s native token custody by… Read More
What makes something a “distributed ledger or blockchain technology-based” security? SEC Commissioner Hester Peirce has published a speech delivered to the Blockchain Association of Singapore. Unable to attend in person due to COVID-19, Commissioner Peirce visited with the Association virtually, addressing the hot topic of… Read More
Telegram, a major social network with hundreds of millions of users, had attempted to raise funds through a digital asset offering. However, it recently decided to settle an enforcement action initiated by the US Securities and Exchange Commission (SEC). As part of the settlement, Telegram… Read More
Earlier this week, it was reported that Telegram has decided to abandon its initiative to launch a blockchain platform called TON (Telegram Open Network) and a cryptocurrency named Gram. The decision was the direct result of an ongoing enforcement action launched by the US Securities… Read More
Encrypted messaging provider Telegram has reportedly abandoned its TON blockchain project after a lengthy court battle with the US Securities and Exchange Commission (SEC). Pavel Durov, founder of Telegram, confirmed on May 12, 2020, that the Telegram Open Network (TON) initiative would be discontinued, because… Read More
In its latest submission in a case against private messaging app provider Telegram, the SEC claims that, Telegram has been using funds raised to develop the TON blockchain to rather cover operating expenses at the messaging business. Telegram raised $1.7 billion USD from 171 purchasers… Read More
Liquid, a cryptocurrency trading platform started by Blockstream, announced in a blog post January 10th that it has canceled plans to resell Telegram’s GRAM tokens through the platform. “The Gram Token Sale on Liquid has been canceled,” Liquid writes, “and all funds previously held in escrow by… Read More
In the SEC’s January 2nd letter requesting compulsion of bank records from private messaging app provider Telegram, the regulator claimed it had documents showing that Telegram, “paid commissions to purchasers who were buying Grams to resell to other investors…” Brokered sales, the SEC wrote, “render… Read More
A judge presiding over case involving the SEC and private messaging company Telegram has ruled that the SEC can ask deposed executives questions about how they have been disposing of $1.7 billion USD raised in 2018 to fund construction of the Telegram blockchain. The SEC… Read More
On Monday, Telegram, makers of the popular private messaging app Telegram, issued a public notice to, “clarify certain aspects of the TON Blockchain and Grams,” as the company, “continue(s) to prepare for a successful launch of the project.” TON is intended to function as a… Read More
Telegram, issuer of one of the highest-profile token offerings of all time that raised $1.7 billion, is in the midst of a protracted legal battle with the Securities and Exchange Commission (SEC). Last October, the SEC filed an emergency action and obtained a temporary restraining… Read More
The judge presiding over an SEC case alleging Telegram sold unlicensed securities has denied the SEC’s request for immediate disclosure of bank records relating to Telegram’s $1.7 billion sale of GRAM cryptographic tokens. Instead, Judge P. Kevin Castel has ordered the private messaging company to, “set… Read More
The US Securities and Exchange Commission (SEC) has asked a judge to order Telegram to submit bank records detailing how it has been spending $1.7 billion USD it raised from investors in 2018, Finance Magnates(FM) reports. Telegram is currently contesting emergency orders obtained by the… Read More
The SEC is seeking to depose UK citizen John Hyman, whom Telegram CEO Pavel Durov has identified as “Telegram’s chief investment advisor.” The SEC believes Hyman brokered many of the private deals that helped Telegram raise $1.7 billion USD from 171 investors in two sales of GRAM… Read More
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