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Posts Tagged ‘Telegram’

Telegram Project in Trouble as Investors Said to Seek Refund

It looks as if the Telegram blockchain project is about to hit another wall. According to a local Russian news site, at least 10 large investors are ready to ask for their funds back. Telegram Blockchain Faces Further Problems According to Yakov Barinsky, the head of Russian crypto investment firm Hash CIB cited in TASS,…

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Telegram Appeals Court Ruling Barring Gram Token Distribution

The Telegram messaging platform has appealed a U.S. court ruling prohibiting it from distributing its gram cryptocurrency. U.S. District Judge P. Kevin Castel of the Southern District of New York said Tuesday that Telegram’s 2018, $1.7 billion token sale appeared to be an unregistered securities sale, and barred the company from issuing grams after it…

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Judge Halts Telegram Token Issuance in Injunction Requested by SEC

A U.S. judge ordered messaging platform Telegram to refrain from issuing its gram cryptocurrency next month as planned, granting a request by the Securities and Exchange Commission (SEC). In a preliminary injunction dated March 24, U.S. District Judge P. Kevin Castel, of the Southern District of New York, said the SEC had demonstrated a plausible…

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Steve Jobs Widow Invested at Least $5M in Telegram ICO

Laurene Powell Jobs, the widow of Steve Jobs, invested in Telegram’s Gram tokens as part of its initial coin offering (ICO) for the Telegram Open Network (TON) project, according to BLOCTV, which cited a source familiar with the matter. Powell Took Part in Telegram’s First Pre-Sale Funding Round Laurene Powell, the widow of Apple co-founder…

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SEC’s Court Hearing on Telegram Token Delayed Till Next Year

Telegram will have to wait to make its case to the U.S. Securities and Exchange Commission (SEC) that its “gram” token is not a security. According to the latest court filing (see below), the hearing on the case has been postponed until Feb. 18–19, 2020, pushed forward from an Oct. 24. slot. The judge hearing…

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Telegram Responds to SEC: Gram Tokens Are Not Securities

Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC). The messaging platform filed a response to the securities regulator Wednesday, writing that the SEC’s emergency injunction last week was unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena. Further, Telegram argued its upcoming gram token…

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Telegram Looks to Cut Deal With TON Blockchain Investors After SEC Order

Telegram has notified investors that the TON blockchain project will be launched later than planned, pushing the deadline from Oct. 30 to April 30, 2020. In an email to investors reviewed by CoinDesk, Telegram cited its recent run-in with the Securities and Exchange Commission (SEC), which obtained a restraining order prohibiting the messenger app company…

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