Telegram Might Postpone Issuing Its Gram Tokens till 2020

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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

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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

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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

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Source: CoinSpeaker

Telegram Finally Releases Terms of Service for Its Gram Wallet

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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

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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

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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

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Source: CoinSpeaker

Telegram Starts Public Testing of Ethereum-Compatible TON Blockchain

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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

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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

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

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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

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Source: CoinSpeaker

Telegram Launched Private Testing for Its TON Blockchain

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Telegram Launched Private Testing for Its TON Blockchain
Telegram launched private testing of its Telegram Open Network. The new blockchain is available to several development teams at the moment.
Telegram Launched Private Testing for Its TON Blockchain

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Source: CoinSpeaker

After Facebook Announcement of Potential Cryptocurrency, the FB Stock Does-Nothing

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After Facebook Announcement of Potential Cryptocurrency, the FB Stock Does-Nothing

Even though Facebook announced, what we could say, pretty big news of releasing their own coin – the Facebook stock price didn’t seem to bother. It still stands pretty steady at $161.45 on Nasdaq.

After Facebook Announcement of Potential Cryptocurrency, the FB Stock Does-Nothing

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Source: CoinSpeaker

Facebook to Launch Its Cryptocurrency for WhatsApp in H1 2019, In Talks With Exchanges

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Facebook to Launch Its Cryptocurrency for WhatsApp in H1 2019, In Talks With Exchanges

According to the New York Times report, Facebook plans to use its crypto token for in-app payments across its suite of applications. The Facebook Coin will be a stablecoin pegged to three different fiat currencies.

Facebook to Launch Its Cryptocurrency for WhatsApp in H1 2019, In Talks With Exchanges

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Source: CoinSpeaker

Is Facebook About to Battle Telegram With its own Cryptocurrency Launch?

The crypto token race is on between the world’s internet and messaging monopolies. Telegram already has a head start with a successful multi-million dollar ICO but Facebook will not be left behind and is highly likely to roll out its own cryptocurrency this year.
Will ‘Face Coin’ be the Next Big Thing?
There is very little chance that Facebook will be adopting or partnering with an existing crypto project. It has already expanded its own blockchain division when it acquired the team from London based Chainspace earlier this month.
According to the New York Times Facebook is already working on a crypto coin for users of WhatsApp to send and receive payments to each other. The report added that the project is so far along that Facebook has already approached a number of crypto exchanges with regards to listing the new coin. WhatsApp is likely to be the digital guinea pig for a larger scale rollout of a crypto coin integrated into Facebook itself.
The concept of this alone raises a lot of questions considering Facebook’s track record. The platform simply cannot be trusted with information, let alone people’s money. Privacy issues have plagued the company for the past year or two and it faces multiple accusations of data manipulation, fake news dissemination, censorship, security breaches, and farming and profiting from personal data. It is the Antichrist of crypto but that will not stop the company profiting further from its own digital coin.

Facebook is not alone with its crypto aspirations. Telegram raised a further $850 million in a second round of funding last year and is rumored to be launching the Telegram Open Network (TON) by October this year. Sources also claim the launch could be imminent as it is reportedly 90% complete. The company added that purchase agreements for Telegram’s Gram tokens will be terminated if TON does not launch by the end of October.
Messaging company Signal is also reportedly working on its own crypto coin as are the biggest messaging applications in South Korea and Japan, Kakao and Line. In China a payment system operates within the WeChat platform but it is not a cryptocurrency as such.
Billions of Instant Users
Facebook has the upper had though with the biggest user base; it can instantly expose its new crypto to over 1.5 billion active daily users. Co-founder of crypto focused venture capital firm, Primitive Ventures, Eric Meltzer, said the battle is heating up;
“It’s pretty much the most fascinating thing happening in crypto right now. They each have their own advantage in this battle, and it will be insane to watch it go down.”
Facebook has been very ‘Apple like’ in its approach with maximum secrecy surrounding its new crypto coin. It is throwing resources at the project though and has over 50 engineers working on it according to reports. According to two employees blockchain technicians have a separate key card to access their lab that the rest of the workers are excluded from.
It is likely that Facebook will use a permissioned private blockchain to control its new crypto which will make it completely centralized and owned by the company just like all of the information that its billions of users post to the platform every day. This way it can profit from transactions on the network as it does from people’s personal information. The new crypto is also likely to be a stablecoin, probably pegged to the dollar. The battle is heating up and the internet monopolies don’t like coming last.
Image from Shutterstock
The post Is Facebook About to Battle Telegram With its own Cryptocurrency Launch? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Xena Exchange Will Launch Derivative for Telegram’s GRAM Tokens

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Xena Exchange Will Launch Derivative for Telegram’s GRAM Tokens

The Xena Exchange platform is prepared to create a derivative on Telegram’s GRAM token. Investors would be able to trade the GRAM tokens before they are issued on the Telegram TON project. Xena’s derivative would be available as of Feb. 27.

Xena Exchange Will Launch Derivative for Telegram’s GRAM Tokens

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Source: CoinSpeaker