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Telegram Writes Investors to Counter FUD Before Feb. SEC Hearings

News In a letter to investors, Telegram encouraged investors to view the United States Securities and Exchange Commission (SEC) hearing recently rescheduled for February as “a positive step.” Cause for optimismThe letter, sent on Oct. 19, briefly reassures investors that the recent rescheduling of..

NY District Court Postpones Telegram’s TON Hearing to 2020

News The United States District Court for the Southern District of New York has postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against Telegram Open Network (TON) and its Gram token to Feb. 18–19, 2020. As Cointelegraph reported recently, following..

Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token

News MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform. MediaLab sees the long-term potential of Kik and Kin tokenOn Oct. 18, in a blog post to the millions of members of the Kik community, MediaLab announced that ..

TON’s ‘Force Majeure’ Clause — Is Telegram About to Refund Investors?

Analysis Telegram’s grand entry into the cryptocurrency world is in limbo. After months of rumors, hype and anticipation, Telegram Open Network’s (TON) titan $1.7 billion sales round was declared illegal by the United States Securities and Exchange Commission (SEC). Just days before the Oct. 16 pu..

SEC Insists Grams Are Securities — TON Launch Won’t Change This

News The United States Securities and Exchange Commission (SEC) has responded to Telegram’s counterclaim, insisting that Grams are securities. Preventing Telegram from further violationFollowing Telegram’s counterclaim on Oct. 16, where the firm argued that its native crypto is not a security and ..

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

News 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 injunctionIn an Oct. 16 filing, Telegram urged the United States District Court for the Southern D..

Telegram’s TON Launch and Token Distribution — All the Details to Date

Analysis In just the last few months, the entire landscape of the crypto industry has changed. Innovation once came from within, with a number of early influencers earning god-like status among the crypto community. In 2019, the industry is marching to a very different tune, with tech companies ex..

Wilshire Phoenix Updates Its Bitcoin ETF Filing With SEC

News The United States Securities and Exchange Commission (SEC) has once again begun accepting public comments regarding the updated Bitcoin (BTC) exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund. According to the official document published on Oct. 15, investment management firm Wilsh..

Kik Announces It’s ‘Here to Stay’ in Apparent Reversal of Fortunes

News Canadian social media and messaging app Kik has revealed it’s “here to stay,” in an apparent reversal of earlier plans to shut down amid legal difficulties. In an official tweet posted on Oct. 13, the company announced: “Great news: Kik is here to stay!!!!AND there’s some really exciting plan..

Report: Telegram’s ‘Force Majeure’ Clause Curbs Investor Compensation

News Telegram’s pledge to return money to investors in the event of a delay to the launch of its blockchain network may be superseded by a “force majeure” clause in its purchase agreement. As an Oct. 14 report from Russian media agency the Bell emphasizes, the force majeure clause — which encompas..

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