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. 

At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month.
Telecoms protocol from 1975 exploited to target 20 crypto executives
Samuel Haig
The SEC's investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues.
It looks like the SEC isn't done with trading app Abra just yet
Kollen Post
Expert Take
The desirability of applying U.S. law so broadly to transactions that occur predominantly outside the country.
SEC vs. Telegram: Part 3 — The extraterritorial reach of US securities laws
Carol Goforth
Expert Take
Addressing the legitimacy of collapsing the sale of contractual rights with the eventual release of crypto assets.
SEC vs. Telegram: Part 2 — The case against integrating the two prongs of a SAFT
Carol Goforth
Expert Take
The legal battle between the U.S. SEC and Telegram could be a strong warning against the SAFT process.
SEC vs. Telegram: Part 1 — Key takeaways for now
Carol Goforth
The app has helped Belarusians stay in touch during a communications blackout.
Telegram supports protests in Belarus with new opposition flag emoji
Helen Partz
Telegram has dropped a two-year-old lawsuit over the ‘GRAM’ trademark but must now repay the defendant’s legal costs.
Telegram drops lawsuit over ‘GRAM’ trademark, but must cover legal fees
Samuel Haig
Sworn in for her second term today, SEC Commissioner Hester Peirce tells Cointelegraph about the commission’s work on crypto and new tech in investing.
Starting Second Term Today, SEC Commissioner Peirce Tells Cointelegraph Her Crypto Priorities
Kollen Post

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