Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID.
Founded in 2013 by Pavel and Nikolai Durov, Telegram is a cloud-based encrypted messaging service with over 400 million users. Through its purported security and strict adherence to principles of censorship-resistance and privacy, the Telegram messenger app has become a popular choice for individuals seeking secure communication channels, much to the dismay of governments and regimes around the world.
The company made waves when it announced that it was building a blockchain and cryptocurrency system, called the Telegram Open Network, or TON. The project sought to address the scalability bottlenecks of existing blockchains and integrate TON into its 400-million-plus user base. In early 2018, the project raised $1.7 billion through several rounds of private sales in an initial coin offering.
As the largest crowdsale in the space to date, TON quickly caught the attention of the United States Securities and Exchange Commission. When the network was about to launch, the SEC halted the distribution of TON’s GRAM tokens to investors, citing the assets as an unregistered securities offering and questioning Telegram’s intent given that the Durov brothers had essentially been funding the platform without baking in any revenue model.
The TON codebase has since become open source, with other initiatives picking up the torch.
The SEC vs. Telegram case has vast implications for the future of cryptocurrency regulation moving forward.
Somalia has shut down crypto-friendly messaging app Telegram and gambling site 1XBet, while cryptocurrency investments aren’t banned.2718
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram.7083
There are still too many unknowns over how various Telegram trading bots store private keys, blockchain security firms told Cointelegraph.4702
Daily volumes of crypto trades with Telegram bots hit a record high of $10 million in July, according to a new report by Binance Research.25890
The Unibot price could be overextended, but notable user base growth and real yields paid to tokenholders are a reflection of the project’s strong fundamentals.2258
Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto.24756
The network previously allowed users to post on-chain messages but only in an unencrypted, completely public way.4896
Messaging app Telegram denies users were at risk after a security exploit was discovered that could allow attackers to gain control of a macOS device’s camera.4735
Your crypto wallet will become your mailbox and offer functionalities that Web2 messaging platforms like Discord and Telegram can only dream about.5969
Bitcoin and Ethereum are not part of the surprising list of five best and worst-performing cryptocurrencies for 2022.14925
Telegram has increased its security features by enabling support from anonymous blockchain-based numbers that go for around $16.16427
The messaging platform is building a set of decentralized tools, including noncustodial wallets and decentralized exchanges.4280
Independent developers from The Open Network community developed a Telegram bot for trading and transferring cryptocurrency.7945
The popular messaging app launched a new marketplace on the TON blockchain, on which it plans to auction off rare user handles.4921