Telegram News

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. 

Follow up
Gensler will likely be replacing Jay Clayton, who famously slowed down the ICO market during his tenure at the SEC. Will Gensler issue new clarity?
The way forward for ICOs: Learn crypto from Biden's SEC chair pick, part 1/3
Kollen Post
Ripple’s CEO, Brad Garlinghouse, has responded to some of the community’s concerns surrounding the SEC’s $1.3 billion lawsuit against the firm.
Ripple CEO answers 5 key questions about the SEC lawsuit
Joshua Mapperson
With more than 400 validators and DAOs, Free TON is now considered in mainnet status.
Free TON achieves mainnet status after reaching ‘sufficient decentralization’
Andrey Shevchenko
Despite Telegram abandoning TON earlier this year, the technology underpinning the project lives on. Here’s what happened next.
Q&A: What happened after Telegram abandoned TON?
Connor Blenkinsop
Expert Take
Do the new safe harbors against integration pave the way for a successful SAFT process?
The US SEC amendments and SAFT process
Carol Goforth
In a record-breaking year, the SEC seized $4.68 billion — more than a quarter of which came from cryptocurrency-related firms.
The SEC collected $1.26 billion from unregistered ICOs in 2020
Joshua Mapperson
Blockchain technology is just a tool that solves a problem, it cannot be the goal of the entire project.
The cryptocurrency sector is overflowing with dead projects
Bert Kozma
Telegram must pay $625,000 to Lantah LLC — a small crypto firm it sued in 2018 over using the ‘GRAM’ trademark and ticker.
Telegram to pay $625K in fees after dropping ‘GRAM’ ticker lawsuit
Samuel Haig

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