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News The United States Securities and Exchange Commission has opposed Telegram’s request for clarity regarding the geographic scope of a court injunction barring the company from distributing its Gram (GRAM) tokens. In a letter to Judge Castel dated March 30, the SEC asserts that the injunction “u..
News The Ethereum-based social media app, Pepo, has integrated with video conferencing platform, Zoom, to facilitate live streaming. Pepo Live Events is currently exclusively available in beta on the platform’s website and has not given an estimate for when it plans to enable mobile functionality...
Analysis Former NASDAQ vice president and assistant general counsel warned the TON Community against launching Telegram’s blockchain network until the 2nd U.S. Circuit Court of Appeals has its say. Safe Harbor is not on SEC’s agendaManny Alicandro, a New York City lawyer with vast experience in tr..
News Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures. Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings, a Nasdaq-listed holding com..
News The upcoming trial of two men accused of running the fraudulent Centra Tech initial coin offering (ICO), which raised $60 million after soliciting celebrity endorsements in 2018, has been postponed until September 2020. On March 26, a U.S. district court published documents indicating that th..
Analysis As Telegram’s legal battle with the United States Securities and Exchange Commission continues to unfold, the U.S. authorities have convinced the judge to bar the company from issuing Gram tokens — at least in the near future. On March 24, the U.S. District Court for the Southern District..
News Developers of the TON blockchain are still considering deployment, despite injunctive ruling by the U.S. court. Fedor Skuratov, a spokesperson for TON Labs, the organization behind the TON blockchain, told Cointelegraph that the recent unfavorable decisions by the U.S. court did not catch the..
News Telegram is seeking to appeal a United States federal court’s recent ruling in favor of the Securities and Exchange Commission to halt distribution of GRAM tokens. Rejection of the injunction and the status of the investment contractsIn response to the court’s preliminary injunction earlier t..
One of the biggest questions to dominate the fledgling cryptoeconomy has been over which token issuances the U.S. Securities Exchange Commission (SEC) considers to be unregistered security offerings. Since the SEC always faces a backlog of work, it takes time to find out which issuances have raised..
Breaking A United States District Court has granted an injunction against Telegram, preventing the company from issuing its GRAM tokens at the present time. Court says that GRAMS are securities under Howey testPer a March 24 filing granting the Securities and Exchange Commission’s request for a pr..