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Tag Archives: Gram

Telegram Loses Legal Crypto Battle with SEC

Telegram has ended its dealings in cryptocurrency. An encrypted messaging service, Telegram initially announced a token sale of its new “GRAM” token, which garnered the company more than $1 billion in additional funds, but thanks to a longwinded fight with the Securities and Exchange Commission (SEC), it looks like the GRAM is never going to get off the ground.The Battle Is Lost for TelegramThe GRAM token was supposed to work in cahoots with the company’s new TON blockchain. Customers of the...

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Telegram Investors and Developers Build Organization to Defend TON from SEC

Telegram investors and developers created a foundation within the TON ecosystem to defend the project from the SEC. The TON Foundation participants, not Durov brothers, will manage funds and code.While the SEC is preparing to destroy Telegram for avoiding the U.S. securities law, Telegram keeps receiving help from unexpected parties. This time, Telegram’s key investors have formed a circle for coordinating the development of the network. They have no connection to Nikolai Durov and Pavel...

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Telegram Pushes Forward the Launch of TON Blockchain Despite Fierce Legal Battle with the SEC

The Telegram founders are working on the TON blockchain despite the SEC keeps the hunt for presumably one of the dollar’s possible competitors.Telegram team has released a document that is useful if you plan to create a website running on the TON blockchain. The document suggests that TON users may want to create some websites to refer friends and clients to their projects. Unlike the usual sites, these are not working over HTTPS or HTTP protocol. The system is using ADNL to differ the...

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Telegram Founder Pavel Durov Claims Apple’s iCloud Is Officially a Surveillance Tool

Recently, Telegram founder Pavel Durov made quite a bold statement. On his Telegram channel, he argued that Apple‘s iCloud is now ‘officially a surveillance tool’. Further, Durov cited a Reuters report and stated that apps relying on it to store users’ private messages (such as WhatsApp) are part of the problem.But let us see how the whole story began.Apple’s iCloud Will Not Encrypt BackupsAbout two years ago, Apple was considering end-to-end encryption for iCloud backups. After doing that,...

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Telegram Receives Massive Backing from Blockchain Association for Gram Token Sale Dispute

The SEC vs Telegram case is taking new turns every single day. In the latest development, the Blockchain Association has decided to support Telegram in its fight against the regulator.Let us also remind you that the Association unites such prominent names as Coinbase, Circle, Ripple Labs and others.The Chamber of Digital Commerce has filed amicus curiae supporting Telegram’s argument that “digital assets may be the subject of an investment contract without being a security”. Note that the...

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SEC Stokes Telegram Fire with Court Filing Containing New Revelations

As the legal tussle between the United States Securities and Exchange Commission (SEC) and Telegram rages on, new information has come to light. In a recent filing by the SEC at the District Court for the Southern District of New York, the Commission has again come down hard on Telegram with a few revelations.SEC Says Telegram Described GRAM as a Security New FilingIn a new document filed on Wednesday the 15th of January, the SEC claims that Telegram’s plan was for the Gram token to be...

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Telegram: Our Blockchain and Messaging Platform Will Be Separate

Telegram, an encrypted messaging service, has announced that it’s not looking to fuse its new cryptocurrency wallet with its messaging platform.Telegram Is at the Center of Another Hot IssueIn a statement, Telegram executives claimed:At the time of the anticipated launch of the TON blockchain, Telegram’s TON Wallet application is expected to be made available solely on a stand-alone basis and will not be integrated with the Telegram Messenger service.The big question, however, is, “Will TON...

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SEC Shows Proofs Telegram Is Violating Securities Law

On Friday, the Securities and Exchange Commission (SEC) had filed invoices to the court. The SEC is claiming that brothers Nikolai and Pavel Durov were selling the Gram tokens after the initial pre-sale end.If It Has No Flaws, Invent ThemTelegram officially claimed that they did not conduct any sales after the initial offering end.However, the SEC representatives are sure that Telegram accountants have been messing with papers. Maybe Telegram managers got a total of 1.7 billion during the...

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Court Rejects SEC’s Attempt to Obtain Telegram’s Full Gram Token Sale Bank Records

It has become known that Judge P. Kevin Castel taken a decision to deny without prejudice SEC’s letter which was aimed at revealing the full bank records of Telegram. To deal with this issue the court chose a variant of having a phone call with the participation of all the parties of this dispute.The dispute has arisen as the SEC tries to insist that the Gram token sale that was held by Telegram and that brought the company approximately $1,7 billion from investors was an unregistered...

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Telegram Founder Due in Court Regarding the “Gram” Cryptocurrency

A federal court is asking the founder of Telegram – Pavel Durov – to testify in the Security and Exchange Commission’s (SEC’s) case against the encrypted messaging service’s latest initial coin offering (ICO) of its new cryptocurrency known as the “gram.”Telegram Is Trapped in a Big Legal BattleTelegram has garnered almost $2 billion through the sale of its new gram token, which has been going on since 2018. Overall, the company has done well. The trouble is the SEC is saying they failed to...

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