Tag Archives: Telegram

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...

While a digital asset may look like a security at first, it could potentially become decentralized enough in the following years to no longer resemble a security. Bearing this principle in mind, SEC commissioner Hester Peirce has proposed a safe harbor period for token sales.The official at the Securities and Exchange Commission (SEC) Hester Peirce, named “CryptoMom” by the crypto community, suggested a so-called ‘safe harbor’ for all upcoming token projects. Her opinion is that this could...

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,...

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...

A year ago Jeff Bezos, one of three richest men on Earth (two others are Bill Gates, Bernard Arnault), had a conversation with Saudi Arabia crown prince Mohammed bin Salman. According to the mysterious sources of the Guardian newspaper, the crown prince sent a malicious file containing a virus to Jeff via WhatsApp.Billionaire’s smartphone ha no chance to resist the virus, as it was packed inside a usual video file. The tricky conversation happened on May 1, 2019.The sources claim that during...

Anyone can issue his own money – this should be the main notion in FinTech of the 21st century.According to the statistics, the daily volume of international payments equals almost 10 trillion dollars, with 5 trillion handled by the SWIFT international payment system. It was designed back in 1972, yet many banks still use the outdated, 40-years old software. Cross-border bank accounts are holding $27 trillion in cash.Let’s consider the volume of international payments stated above. If the...

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...

The critical situation between Telegram and the U.S. Securities and Exchange Commission (SEC) took another step forward. The market regulator now claims that the popular messaging company saw its upcoming Gram token as securities and thus should fall under established regulations.Is Gram Token A Security?Telegram’s controversy regarding its TON blockchain and its native cryptocurrency, Gram, continues. The SEC has recently filed another claim with the court in the Southern District of New...

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...

XRP status has been classified as unclear. The U.S. Commodities and Futures Trading Commission (CFTC) Chairman Heath Tarbert has indicated. He said this in an interview while trying to clarify the status of different cryptocurrencies. He noted:“It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC [Securities and Exchange Commission]. If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”CFTC...