Telegram Might Postpone Issuing Its Gram Tokens till 2020

Coinspeaker
Telegram Might Postpone Issuing Its Gram Tokens till 2020
According to the current reports, Telegram is seriously considering the temporary abandonment of its plans to issue Gram tokens due to problems with the SEC.
Telegram Might Postpone Issuing Its Gram Tokens till 2020

Continue reading at Coinspeaker
Source: CoinSpeaker

TON vs SEC: What Is Telegram’s Next Move?

Coinspeaker
TON vs SEC: What Is Telegram’s Next Move?
The SEC is looking to stop Telegram from issuing its GRAM tokens, for violating the Commission’s rules. Telegram is yet to make an official decision, however, how much of a play does the company have?
TON vs SEC: What Is Telegram’s Next Move?

Continue reading at Coinspeaker
Source: CoinSpeaker

SEC halts Telegram’s $1.7 billion ‘unlawful’ token offering

The US Securities and Exchange Commission [SEC] announced filing for emergency action and obtained a temporary restraining order against two offshore entities, Telegram Group, and its subsidiary TON Issuer for raising over $1.7 billion of investor funds thus halting the messaging giant from selling or distributing its Gram tokens within the U.S. SEC’s complaint alleged […]
The post SEC halts Telegram’s $1.7 billion ‘unlawful’ token offering appeared first on AMBCrypto.
Source: AMB Crypto

Breaking: SEC Orders to Halt Telegram’s $1.7 Billion Gram Token Sale

Coinspeaker
Breaking: SEC Orders to Halt Telegram’s $1.7 Billion Gram Token Sale
Telegram faces a major roadblock in releasing its Gram tokens on the native TON network as the SEC slaps a restraining order on its token-sale calling its “unlawful”.
Breaking: SEC Orders to Halt Telegram’s $1.7 Billion Gram Token Sale

Continue reading at Coinspeaker
Source: CoinSpeaker

Telegram Finally Releases Terms of Service for Its Gram Wallet

Coinspeaker
Telegram Finally Releases Terms of Service for Its Gram Wallet
Messaging giant Telegram eventually released official details on its yet-to-be-launched Gram wallet and token.
Telegram Finally Releases Terms of Service for Its Gram Wallet

Continue reading at Coinspeaker
Source: CoinSpeaker

Telegram investor concedes to being worried about Facebook launching Libra before TON and GRAM

TON, the highly anticipated blockchain project from messaging giant Telegram, has reportedly entered its last stage of development, summing up its progress from early 2018. Facebook’s Libra, which entered the fray in early 2019, was speculated to be potential competiton for Telegram’s GRAM token. However, due to regulatory concerns, the crypto-asset’s official release has been […]
The post Telegram investor concedes to being worried about Facebook launching Libra before TON and GRAM appeared first on AMBCrypto.
Source: AMB Crypto

Telegram Released TON Testnet Explorer and Node Software

Coinspeaker
Telegram Released TON Testnet Explorer and Node Software
Telegram’s blockchain project, TON, has entered the last preparation stage before going live. The code for running a blockchain node was released on the test network portal late Friday.
Telegram Released TON Testnet Explorer and Node Software

Continue reading at Coinspeaker
Source: CoinSpeaker

Telegram Starts Public Testing of Ethereum-Compatible TON Blockchain

Coinspeaker
Telegram Starts Public Testing of Ethereum-Compatible TON Blockchain
According to some reports, Telegram Open Network (TON) will be compatible with Ethereum. The company is set to release the code to run a node on the Telegram Open Network (TON) on Sunday.
Telegram Starts Public Testing of Ethereum-Compatible TON Blockchain

Continue reading at Coinspeaker
Source: CoinSpeaker

Telegram To Roll Out ‘Gram’ Cryptocurrency by October 31: Report

Despite increased scrutiny of the cryptocurrency sphere by regulatory bodies, messaging app, Telegram will still be rolling out their cryptocurrency on the 31st of October. Gram, the cryptocurrency developed by Telegram will be available to investors as scheduled and has been touted as a new online currency which will change the way online transactions are done globally. 
Gram Appears to be Right on Schedule
According to a report by NYT, three anonymous investors have confirmed that the coin’s launch is still on as earlier scheduled and Telegram will be rolling out the first batch of the coins to two-thirds of its over 300 million users by October 31st. 
The sources who wished to remain anonymous due to a signed Non-disclosure agreement also disclosed that the application is also planning digital Gram wallets and a testnet version of the Gram network will also be available in the coming weeks. 
  Although not a lot of venture capitalists and firms showed interest in the coin in 2017, Telegram was still able to raise $1.7 billion after it sold 2.89 billion GRAM tokens during the private ICO and did not need to hold a public one as earlier planned. Some of the investors in the coin includes two major American venture capital firms, Benchmark, and Lightspeed Capital. 
Telegram had in 2017 promised to deliver on the cryptocurrency by October 31 or return the investor’s money and as the clock ticks, critics are doubtful on the possibility of Telegram meeting with the deadline. 
Part of the agreement reads
“To the extent permitted by applicable law, Governmental Authorities, and technology and mobile platforms, the Parent shall use its reasonable endeavors to facilitate the use of Tokens as the principal currency used on Telegram Messenger by building TON Wallets into Telegram Messenger.”
David Gerrad a crypto analyst and critic just doesn’t “see how on earth Telegram can possibly get something compliant with regulators in place by the end of October.”
Gram’s Secrecy Might Do More Harm Than Good
The Gram cryptocurrency has not received a lot of scrutinies compared to Facebook’s Libra and Kik’s Kin mainly because the whole process has been shrouded in secrecy with very little updates made available to the public. While this appears to have taken a lot of regulatory spotlight from it, the secrecy surrounding the coin might make it harder for it to be accepted by when it is finally launched on mainnet. Gram’s secrecy might also work against its acceptance by regulatory bodies who have proved very difficult even in the face of Libra’s seemingly transparency. 
 Telegram’s owner Pavel Durov is also famous for getting into trouble with the government and has had to leave Russia as a result of this. Durov’s messaging app, Telegram is also very unpopular with some governments who view the app’s ability to send encrypted messages as a threat. The application is also very popular with protesters in societies where social media and the Internet is generally restricted. 
 The Gram currency will be operated on a decentralized network and Telegram will not be responsible for how the coins are used and will not be able to trace or control it once they have released it. This is one of the major issues regulators may have with the coin. 
The post Telegram To Roll Out ‘Gram’ Cryptocurrency by October 31: Report appeared first on Coingape.
Source: CoinGape

Button Wallet to Unveil Cryptocurrency Trading to Telegram’s 300M Users

Coinspeaker
Button Wallet to Unveil Cryptocurrency Trading to Telegram’s 300M Users
Chrismas celebration comes early for 300 million Telegrams users as they are expected to gain from Button Wallet crypto’s trading, which is expected to launch in October this year.
Button Wallet to Unveil Cryptocurrency Trading to Telegram’s 300M Users

Continue reading at Coinspeaker
Source: CoinSpeaker

Telegram ICO Tokens Worth $1.7 billion in Circulating in the Black Market?

Telegram, a cloud messaging service with over 200 million users, announced its Telegram Blockchain Network (TON) in early 2018. It conducted the sale of its’ cryptocurrency – Gram through a private ICO in February and March 2018. The SAFT (Simple Agreement for Future Tokens) sale, which was only sold to accredited investors. The deal brought in about $1.7 billion.
Gram tokens were sold at a price of around $1.33 and $0.67 initially in the private ICO. A year later, as reported on Coingape, South Korea’s Gram Asia, the largest holder of Telegrams’ cryptocurrency sold it through the Japanese Liquid exchange. Reportedly, this time, each token was sold at $4 a price; generating about 200% profit for its’ investors.
Investors Selling Their Tokens Early
Reportedly, a secondary ‘black market’ has blossomed for the coveted cryptocurrency. There are many over-the-counter (OTC) desks, sales on small cryptocurrency exchanges, and at least one investment fund which is allegedly selling those tokens in the market.

Currently, all that Gram investors have for their purchase is a guarantee of their stipulated amount of tokens from Telegram. These tokens will be distributed to investors after the launch in phases that extends over a year.

The OTC markets are broadly facilitating these deals through IOUs between the buyer and seller. Telegram is not involved in it. However, given the recent reports, Telegram will be expected to take actions to enforce the agreement ethically.

According to their agreement, the investors are prohibited from selling their holdings before the launch. The agreement said that “If Telegram learns the investor broke the agreement, it can cancel the allocation.”

Hence, the deals conducted are not legally binding, being classified under ‘handshake deals.’ People are selling these tokens to friends and known associates at a considerable profit with very little accountability.

Furthermore, while the deals conducted through trusted OTC desk could still go through. Many small exchanges are taking advantage of the situation and selling a fake agreement to its users. Vladimir Cohen, an OTC trader, told the media,

“Many of the buyers will end up with nothing when the network is launched,”

Does Telegram have Anything to Show for its $1.7 billion Investment?
TON is expected to go live by the end of Q3 of 2019. Nevertheless, until now, no development has been witnessed around it. The only positive development around it was the Testnet launch earlier this year.
Francis Pouliot, a leading Entrepreneur in the space and Founder of BullBitcoin noted,
Where are the 1.7 billion dollars of the Telegram ICO? Afaik all they have to show for their 1,700,000,000$ of financing is this and as far as I can tell nobody seems to give a shit

Greedy anti-Bitcoin Maximalist “blockchain/token/altcoins” professionals are the root problem

Moreover, the ton.org site has not been developed as well. Pouliot also accused the issuers and investors of the token of scheming “shady public financing schemes” to launder money and dupe investors.

Do you think that Telegram must take accountability of the issue? If yes, How? Please share your views with us. 
The post Telegram ICO Tokens Worth $1.7 billion in Circulating in the Black Market? appeared first on Coingape.
Source: CoinGape

Nexo: We will Take the Gram ICO Token From Telegram as Collateral

Coinspeaker
Nexo: We will Take the Gram ICO Token From Telegram as Collateral
Crypto loans firm Nexo said they will accept the Gram ICO token from Telegram as collateral allowing customers to use the tokens as backing for its instant credit lines and planned credit card.
Nexo: We will Take the Gram ICO Token From Telegram as Collateral

Continue reading at Coinspeaker
Source: CoinSpeaker

Official – Telegram Releases TestNet for its TON Token [Telegram Open Network]

HmmNow it is confirmed. Yes, rumors spread the similar news of TON TestNet earlier this week, however, it is officially announced and confirmed. Telegram has officially released testnet for its TON token (Telegram open network).
TON Testnet Blockchain Lite Client
This news was first spread on the web after the Github user uploaded its first version of TON blockchain light client on May 25, 2019. However on May 30, 2019, files seen on test.ton.org which confirms that the messaging service platform Telegram is finally heading up with its TON token. The files are the preliminary version of the TON testnet Lite client version alongside TON blockchain library.
The files are available to download and the development is seemingly a simplified stable version of the Lite Client. However, the files which had updated by Github user earlier was able to get configured properly and it was successfully connecting the user to the full node of the TON blockchain testnet.
When Telegram first announced its TON blockchain project, it stated that it will offer smart contracts, upgradeable formal blockchain features, support for micropayment channels, also off-chain payment networks. Having said that, users besides Lite client files can also download configuration file which will enable them to develop smart contracts.
Accordingly, these configuration files will let the user connect with the special server and begin creating new smart contracts, review the existing contracts as well as enable them to send external messages to smart contracts.
Also Read: Coinbase Considering Margin Trading Option, Is It Following the Suite of Binance?
Moreover, it was earlier stated that the TON blockchain was set for private beta testing available only for selected developers. The TON blockchain resulted in ‘extremely high transaction speed’ according to anonymous tester while nothing specific disclosed.
TON whitepaper reads the feature of the platform as follows;
“TON blockchain can handle millions of transactions per second if necessary, and both user-friendly and service provider-friendly.”
Additionally, it was also reported that that TON’s TON Labs joined hands with European financial service entity Wirecard with a mission to develop digital financial services, payments, and banking platform.
Image source – Reuters
The post Official – Telegram Releases TestNet for its TON Token [Telegram Open Network] appeared first on Coingape.
Source: CoinGape

Telegram Will Launch Its Much-Anticipated TON Network in Q3 2019

Coinspeaker
Telegram Will Launch Its Much-Anticipated TON Network in Q3 2019
Messaging app Telegram, that boasts over 200 million users, is planning to launch its Telegram Open Network (TON) in the third quarter of 2019.
Telegram Will Launch Its Much-Anticipated TON Network in Q3 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

Telegram Gets Set to Emerge with Secure Crypto Revolution

Coinspeaker
Telegram Gets Set to Emerge with Secure Crypto Revolution
Dr. Demetrios Zamboglou, Fintech Executive, Blockchain Expert, and ICO Advisor, shares his insights into Telegram potential: be it their own TON Network, or Gram cryptocurrency, explaining why it may be a case for investors of cashing in at the right time.
Telegram Gets Set to Emerge with Secure Crypto Revolution

Continue reading at Coinspeaker
Source: CoinSpeaker