fbpx

Goodbye Blockchain, Telegram Officially Quits the Crypto Club

telegram
telegram

 “This battle may well be the most important battle of our generation,” he wrote. “We hope that you succeed where we have failed.” – Pavel Durov, CEO of telegram 

The years of drama with the U.S Securities is finally over! After the dispute over its distribution of its own digital currency gram, Telegram is calling quits.

“Telegram’s active involvement with TON is over,” said Pavel Durov

The founder and CEO Pavel Durov, made an official announcement on his channel. “You may see – or may have already seen – sites using my name or the Telegram brand or the ‘TON’ abbreviation to promote their projects. Don’t trust them with your money or data.”

In 2019, the SEC sued Telegram and ordered the company to halt sales of its Gram cryptocurrency  after its failure of registering an early sale of $1.7 billion in tokens before the network’s official launch. Which made the sale an illegal foul. 

Durov spoke out against the ruling in his announcement, arguing that American courts shouldn’t have the power to stop the sale of cryptocurrency beyond US borders over an appeal during the early march, and urged others to take up the decentralization fight with Telegram. 

One should avoid crypto scams.

It seems like Telegram have decided to officially step away from the crypto community, there are currently no plans if they will ever work with the crypto industry in the future for the time being.

Image source: Victor Immanuel Oloo

You can share this post on

Share on facebook
Share on twitter
Share on telegram
Share on whatsapp
Share on reddit
Share on linkedin
Reletad Post

DigiFinex Will Support ETH Potential Hard Fork and list ETHS and “Candy” Token

From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

Arbitrum Project Introduction

From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

Polkadot, the King of Cross-chain Explained

What is Polkadot? Polkadot is a heterogeneous blockchain founded by Gavin Wood, former CTO of Ethereum, is an impeccable blockchain project that is perfect in every sense. Its founder, Gavin Wood, is the author of the Ethereum White Paper and the person who knows the defects of Ethereum at heart. Polkadot was founded with the idea to solve Ethereum’s shortcomings and replace it as the “King of the Public Chain”. Read to find out more!

Fil Mooned Right Away After I Sold It. Am I One of the Weak Hands?

“Fil mooned right away after I sold it. I am the weakest hand in the crypto world.” said one of my friend who has been trading cryptocurrency for many years. He is a user during the public sale and bought FIL at the price of $2. After the FIL is unlocked, he sells coins wildly every day. But even so, he still hates the slow process of unlocking, so he directly sold all the publicly purchased Fil at the price of dozens of dollars.

%d bloggers like this: