Tag Archives: Telegram

A large investor in Telegram’s failed Open Network (TON) has reportedly requested $100 million in compensation from the company. Otherwise, the investor – Da Vinci Capital – has warned with taking legal actions against the messaging platform.TON Investor Demands $100MTelegram’s TON initiative was among the most widely-discussed blockchain-related projects in the past few years. However, the endeavor faced almost immediate backlash from the US Securities and Exchange Commission (SEC) as a US...

Telegram is being made to pay more than $600,000 in legal fees to a company called Lantah over the use of the GRAM name that Telegram has given its recent cryptocurrency.Telegram Must Fork Over the DoughLantah was developed in the year 2017 by a man named Daniel Jeffery. Lantah is looking to create a “global, borderless marketplace” and assist those who cannot gain access to traditional banking services with cryptocurrency. As it turns out, both Lantah and Telegram have allegedly utilized the...

A recent report indicated that approximately 20 Israeli cryptocurrency executives were extorted after a hack and identity theft in a coordinated cyberattack at the start of September.The country’s intelligence agency Mossad and the internal security service Shin Bet were involved with the investigation.20 Israeli Crypto Execs HackedAccording to the report, the coordinated attack took place at the beginning of September. The hackers’ group name remains undisclosed, but people familiar with the...

Telegram ist ein kostenloser, Cloud-basierter Instant-Messaging-Dienst zur Nutzung auf Smartphones, Tablets und PCs. Es wäre so schön gewesen und endlich hätte die westliche Welt zu China aufschliessen können: Geld mit einem Messenger versenden! Aber leider wurde das Projekt von Telegram eingestellt, wie Telegram-Gründer Pavel Durov in einem Blogbeitrag mitteilte. Die Schuld gibt er der US-Finanzaufsicht SEC, mit der er sich seit langem in...

In what seems to be the end of a legal battle between the U.S. Securities and Exchange Commission (SEC), and the messaging giant Telegram, the latter is expected to pay a civil penalty of $18.5 million to the SEC and $1.2 billion disgorgement fee according to a proposed agreement.Telegram Agrees to Pay Disgorgement and Civil PenaltyThe U.S. SEC filed a proposed final judgment with the U.S. District Court of Southern District Of New York on Thursday (June 25, 2020). According to the court...

Pavel Durov – co-founder of encrypted messaging service Telegram – isn’t taking his latest defeat sitting down. The Securities and Exchange Commission (SEC) has recently brought the company’s TON blockchain program to a crashing halt, and Durov is frustrated about the situation.What Does the Defeat of Telegram Mean for the Future?In a recent interview, Durov explained that the news is bad for other countries in that while they can elect their officials, they are still very dependent on the...

Following the official halting of Telegram’s TON blockchain project, Co-founder of Qiwi Group Sergey Solonin has decided to loan his $17 million investment back to the company, according to a recent report by Forbes RU.$17 Million Investment Stays In TelegramThe past several weeks have been particularly challenging for Telegram’s blockchain project called TON. Firstly, the prolonged legal battles with US authorities led to missing the April 30th, 2020, deadline to launch the network and to...

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...

Telegram has announced it will be ceasing all active involvement with the TON blockchain. The CEO of Telegram, Pavel Durov, announced the news in a Telegra.ph post on May 12, 2020, which declared Telegram’s work with TON officially finished. Durov announced:“I am writing this post to officially announce that Telegram’s active involvement with TON is over.”The news comes shortly after an independent group of developers decided to hard-fork away from Telegram’s version of TON. The newly created...

The TON blockchain marked its independence day on May 7, after a group of developers hardforked the code initially meant to be used exclusively by Telegram.As Telegram remains embroiled in a legal saga with the United States Securities and Exchange Commission (SEC), an independent group of validators and developers elected to bypass the regulatory furor by launching the open-source Free TON.TON’s Declaration of DecentralizationTaking advantage of a loophole that may be the first of its kind,...