Blockchain 

Telegram Asks Court to Deny SEC’s Action, Says Gram Is Not a Security

Telegram responded to the United States securities regulator, arguing that Gram, the native cryptocurrency for the Telegram Open Network (TON), is not a security. Telegram requests to deny SEC’s injunction In an Oct. 16 filing, Telegram urged the United States District Court for the Southern District of New York to deny the U.S. Securities and Exchange Commission’s (SEC) request for a preliminary injunction. Moreover, the firm asked the court to enter an order that maintains the status quo regarding the offer, sale or distribution of Grams. The filing is released…

Read More
Cryptocurrency 

Telegram to Delay the Launch of TON Due to SEC Meeting

Over the past few years, Telegram has become an important part of the crypto ecosystem due to its use as a communication platform for traders as well as market enthusiasts. Hence, it did not come as a complete surprise when the encrypted messaging service platform announced the launch of its own blockchain, the Telegram Open Network (TON). Major Details However, it seems to have run into issues with the all-powerful Securities and Exchange Commission. In a new development, the company told its investors that the date of the launch is…

Read More
Cryptocurrency 

Telegram to Launch Its Telegram Open Network (TON) in October

Telegram has indicated that the Telegram Open Network (TON) could launch at the end of this month. On Wednesday, in an email to TON investors, the firm indicated that the launch is on track as planned earlier. TON Could Be Ready by October 16 The CTO of TON Labs, Mitja Goroshevsky, confirmed the information indicating that TON Labs will be responsible for running and managing the validation pool. TON Labs is a startup tasked with the responsibility of creating tools for TON developers. Investors will receive the TON key generation…

Read More
Blockchain 

Telegram Messenger to Officially Launch TON Network in Late October

Encrypted messaging service Telegram will launch its long-awaited TON blockchain network in late October. In an Oct. 2 message in the official TON Board on Telegram, the firm states that original investors were informed that the network would launch later this month.  Investors are provided with TON key generation software and will be required to provide Telegram with a public key to receive their Gram tokens by Oct. 16th. The entire source code for TON is now available on Github. Source link

Read More
Blockchain 

Telegram to Award Devs $400K in TON Blockchain Smart Contracts Contest

Global messaging app Telegram announced a coding competition for building smart contracts for the Telegram Open Network (TON) Blockchain. 5 types of smart contracts The contest includes three parts with a prize fund for all included tasks ranging from $200,000 to $400,000, according to an announcement posted on the Telegram Contests channel on Sept. 24. The contest will end on Oct. 15. The primary part of the competition is the task to build one or more smart contracts, using the tools provided in the TON Blockchain distribution, as described in…

Read More
Blockchain 

Telegram Releases TON Testnet Explorer and Node Software

The encrypted instant messaging service Telegram has released the Telegram Open Network (TON) testnet explorer and node software. Telegram token due in two months On Sept. 6, Telegram released its Telegram Open Network (TON) testnet explorer and node software on its website, two months ahead of its planned launch of the Gram digital currency. As Cointelegraph reported on Aug. 28, three anonymous investors in Telegram’s $1.7 billion private initial coin offering had said that Telegram confirmed it would issue the first Gram tokens by October. The investors added at the time that…

Read More
Blockchain 

Telegram to Launch TON Blockchain Public Testing on Sept. 1

Telegram Open Network’s (TON) blockchain public testing will launch on Sept. 1, according to one of the investors. On Aug. 28, Russian news outlet Vedomosti quoted an anonymous TON investor claiming to have learned this information from the development team, and the head of one of the companies that participated in the testing so far. According to the outlet’s sources, TON’s node software and all relevant documentation would be released to the public on Sept. 1. This first version of the blockchain is already expected to feature sharding and various…

Read More
Cryptocurrency 

Telegram to Release TON Blockchain Code on September 1

Telegram will release the code required to run a Telegram Open Network (TON) node on September 1, according to individuals close to the project. The news was confirmed by two individuals familiar with the project, an investor and an affiliate with TON labs. There has been a high level of secrecy around the project, and some analysts have previously raised concerns regarding the lack of activity from Telegram on advancing its proposed blockchain. Francois Pouliot, a prominent crypto analyst, said, “Is the real use-case of blockchain technology the elaboration of…

Read More
Cryptocurrency 

Secondary Market for Telegram Tokens Sees 400% Return for Investors

Telegram’s eagerly awaited blockchain, Telegram Open Network (TON), is set to be launched on October 31. However, the yet-to-be issued tokens are already trading on an unauthorized secondary market. Purchase Agreement Does Not Allow For Resale Investors are already seeing returns as high as 400% on Telegram tokens, known as grams; however, secondary buyers run the risk of their investment being worthless, as a clause in the initial offering of grams prevents their resale in any way before the launch of TON. The company is also running on a deadline,…

Read More
Ethereum 

Chinese Company The9 Said to Be First Foreign Telegram ICO Investor

According to a filing with the United States Securities and Exchange Commission, the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars. The filing also states that The9 has invested in multiple blockchain-based companies as of 2018.  According to a report by Russian business news agency RBC on July 24, this document is evidence of The9 as the first publicly-known foreign investor. Per RBC, Telegram’s initial coin offering (ICO) investors are largely unknown.  During the first ICO, 81 investors…

Read More