TON Developers Pushed Final Code Updates, Now It’s Up to CommunityTelegram Open Network developers have rolled out a few final updates to the source code and will no longer actively participate in the project. The announcements came on May 24th via TON’s test portal page.
Identifying Gram: What Is Going on in Legal Battle Between Telegram and U.S. Financial Watchdog?Russian-born entrepreneur and programmer Pavel Durov, who is most famous for the creation of the encrypted chat app Telegram, has been under scrutiny of the United States financial regulators since 2019. That year, the U.S. Securities and Exchange Commission (SEC) turned its attention to Telegram and its wholly-owned subsidiary, TON Issuer.
After Telegram’s Lost Battle with SEC, TON Launched Now Under Slightly Different NameTON developers, major PoS validators, and community enthusiasts have announced the launch of Free TON powered by the native token TON Crystal in a declaration.
SEC vs. 11 Crypto-Companies: More Lawsuits to ComeOn April 3rd, 2020, class-action suits against four major crypto-exchanges and seven ICO projects were filed. The lawsuits allege that the defendants have violated U.S. securities laws.
SEC vs Telegram: A Battle That Could Be AvoidedIn 2018, Telegram raised $1.7 billion through an ICO in exchange for the future delivery of 2.9 billion Gram tokens to 175 investors. While Grams could realistically be sold with a premium on the secondary market, Telegram argued that the agreement was in line with the definition of a private placement of securities that is […]
A Blow on Telegram: Is Court Prohibition Loss to SEC for Pavel Durov’s Project?March 24, the New York Southern District Court has preliminarily halted the transfer of Gram tokens to the primary investors of TON. Thus, the court ruled in favor of the U.S. SEC and recognized Gram non-registered security.
SEC Rejected Another Bitcoin ETF Leaving No More Bids To Review: What’s Going On?As the recent news has it, the SEC rejected the last application for a Bitcoin exchange-traded fund it had to review. There are no more applications pending, and it seems the Commission isn’t going to make Bitcoin ETFs happen, at least soon.
SEC vs TON: What Blockchain Association Involvement MeansTelegram has been litigating with the SEC for a while now. The main question of the case is whether the sale of Gram tokens by Telegram’s TON platform is a transaction of securities. Whatever the court ruling will be, it is likely to create a significant precedent for the entire crypto-industry to deal with.
Blockstack Receives SEC Approval for First Reg A+ Compliant Token Offering in U.S. HistoryThe United States Securities and Exchange Commission (SEC) has approved a $28 million Reg A+ offering for decentralized Internet company Blockstack. According to the company’s blog post, this is the first time in U.S. history that a crypto token offering has received SEC qualification and “a huge step forward for decentralized applications, internet security, and […]
Blockstack Aims To Raise $50 Million Via SEC’s Regulation A+ FrameworkDecentralized computing network Blockstack has applied to the U.S. Securities and Exchanges Commission (SEC) to launch a $50 million token sale which — if approved — would be the industry’s first SEC-qualified offering.
SEC Issues Guidance on Digital Asset Securities Regulatory FrameworkThe U.S. Securities and Exchange Commission (SEC) has just released a statement on the regulatory status of digital assets, providing a new unofficial framework for identifying and recognizing potential security tokens/coins.
Bitwise Claims 95% Of Reported Bitcoin Trading Volume Is FakeA majority of Bitcoin trading volume is artificially created by unregulated exchanges, according to a Bitwise Asset Management report.