News Roundup

Blockchain Bites: Bitcoin’s Boom Roils Markets and a16z Makes a Long-term Play

While FOMO drives up bitcoin's price and derivatives market, Telegram announces another delay and Andreessen Horowitz raises a $515 million fund.

News  ·  30 April 2020

Telegram Caves to US Regulators: Delays Blockchain Launch, Offers to Return $1.2B to Investors

Messaging app Telegram postponed the launch of its TON blockchain on Wednesday, triggering a costly clawback clause in its agreement with investors.

Business  ·  30 April 2020

Blockchain Association Tries to Draw Legal Line Between Kik’s Token and Its 2017 Pre-Sale

The Blockchain Association is claiming that the U.S. Securities and Exchange Commission is wrongfully conflating Kik's exempt offering of securities during a 2017 ICO with the issuance of kin tokens

Policy & regulation  ·  21 April 2020

Exchange Banking on TON’s Gram Tokens to Shut Down After Telegram Court Order

Blackmoon Crypto, a small exchange hoping to grow its clientele by becoming the first to list Telegram's tokens, is shutting down just weeks after a judge barred any token issuance.

Business  ·  13 April 2020

Telegram’s Fight Against SEC Will Help Push Cryptocurrency Legislation, Says Trade Group

Telegram’s ongoing court battle with the SEC over its $1.7 billion token offering could put pressure on Congress to move cryptocurrency regulation forward, according to the Blockchain Association.

Policy & regulation  ·  9 April 2020
Court Cases

Blockchain Association Says Court ‘Erred’ With Decision to Block Telegram’s Token Issuance

The advocacy group has supported Telegram's appeal over a U.S. district court's decision to block the firm's token issuance – even outside the country.

Policy & regulation  ·  7 April 2020

Judge Denies Telegram’s Request to Issue Gram Tokens to Non-US Investors

A federal judge denied Telegram's request to issue Gram tokens to non-U.S. investors.

Policy & regulation  ·  1 April 2020

Telegram Hopes It Can Still Sell Tokens to Non-US Investors After Court Ruling

Telegram has asked a court to clarify if it can still issue its tokens to non-U.S. investors after a preliminary injunction blocked the issuance in the U.S.

Policy & regulation  ·  30 March 2020

Telegram Ruling Closes Another Door to Legally Compliant Token Sales

A recent ruling stopping Telegram from distributing its cryptocurrency creates new legal peril for public blockchains, argues lawyer Josh Lawler.

Policy & regulation  ·  29 March 2020

Devs Plot Launch of Telegram’s Blockchain Without Company’s Involvement

Developers are discussing ways to launch Telegram's blockchain without the messaging app company's participation, following a court order tying its hands.

Policy & regulation  ·  25 March 2020
Court Cases

Telegram Appeals Court Ruling Barring Gram Token Distribution

Telegram has appealed a court ruling barring it from distributing its gram cryptocurrency.

News  ·  25 March 2020

Judge Halts Telegram Token Issuance in Injunction Requested by SEC

A federal judge has granted the SEC’s preliminary injunction request, barring Telegram from issuing any gram tokens when it launches its blockchain network.

News  ·  24 March 2020

Russia Seeks to Block ‘Darknet’ Technologies, Including Telegram’s Blockchain

A Russian government agency has requested contractor bids to find ways to block censorship-resistant internet tech, including one blockchain: Telegram's.

Policy & regulation  ·  11 March 2020

Russian Oligarch, Ex-Cabinet Minister Invested in Telegram’s ICO, Court Filing Says

Roman Abramovich, owner of the Chelsea soccer club, invested $10 million in Telegram’s $1.7 billion token sale through a British Virgin Islands-based entity, court papers indicate.

Business  ·  4 March 2020

US Court Tells Telegram and SEC to Focus on ‘Economic Realities’ of Gram Token Sale

In his first public comments on the case, federal judge P. Kevin Castel called on Telegram and the SEC to consider the "economic realities" of the case such as the gram token’s secondary market.

News  ·  19 February 2020