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. 

A blockchain project believes it can achieve massive scalability while pushing the boundaries of decentralization.
Blockchain project becomes ‘one of largest social experiments in the world’
Connor Sephton
The investment round, which was led by Runa Capital and RTP Global, will go toward funding its decentralized blockchain network.
TON Labs raises $6M in support of Free TON blockchain
Sam Bourgi
Telegram's TON saga seems far from over as a disgruntled investor seeks compensation.
Report: TON investor demands compensation from Durov
Helen Partz
While Telegram's token project is dead, the blockchain still lives.
China's BSN partners with TON Labs to utilize Telegram blockchain
Osato Avan-Nomayo
The Free TON–Dune Network merger represents one of the first decentralized M&A deals.
Free TON to merge with Dune Network in decentralized M&A deal
Sam Bourgi
In a week that saw meme-driven investors rail against Robinhood in what coverage painted as a David and Goliath story, considerations of who exactly policy shou...
Law Decoded: All vs. One and One vs. All, Jan. 22-29
Kollen Post
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

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