Tagtelegram ico

Telegram Cancels Public ICO After Raising $1.7 Billion in Presale

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Encrypted messaging app Telegram has decided against holding a public initial coin offering (ICO) to fund the development of its “third-generation blockchain.” Citing sources familiar with the matter, the Wall Street Journal reports that the Pavel Durov-led firm determined that it is pleased with the $1.7 billion it had raised for the Telegram Open Network (TON) and prefers not to undergo the...

Russian Court Bans Telegram on Heels of $1.7 Billion ICO

Telegram ICO

A Russian court has levied an official ban against messaging app Telegram, just weeks after its initial coin offering (ICO) presale raised nearly $2 billion in two private funding rounds. Tagansky court judge Yuliya Smolina ruled against Telegram on Friday, siding with communications regulator Roskomnadzor’s request for the authorization to block access to the app on the grounds that the company...

Scam Exposed: Fraudulent Company Registers to Exploit Billion-Dollar Telegram ICO

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A company called Telegram Open Network Limited was registered in Britain on February 28 under the name Pavel Durov, the founder of Telegram. Telegram, a chat app with 200 million monthly users, is a commonly used platform for ICO teams and investors to interact with each other. The company’s new crypto project, Telegram Open Network, has raised a massive $1.7 billion in funding for its token sale...

Iran's Government May Ban Telegram Over Its $1.7 Billion ICO

Messaging app provider Telegram has just concluded the second round of its record-setting initial coin offering (ICO), and Iran’s government is none too pleased. The app -- extremely popular in the authoritarian country -- has long incurred the ire of government officials, particularly since it played an important role in enabling residents to organize a string of recent protests. It appears that...

Money Pit? Telegram ICO Hits $1.7 Billion After 2nd Funding Round

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The Telegram ICO has now raised a total of at least $1.7 billion, public documents show. According to offering documents filed with the US Securities and Exchange Commission (SEC) and dated March 29, the second round of Telegram’s much-hyped initial coin offering (ICO) raised $850 million in a sale that began on March 14. The filing reports that 94 investors contributed to the funding round...

Telegram's Cryptocurrency Could Be Worth $200 Billion, but is the ICO Overpriced?

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Telegram’s much-anticipated cryptocurrency could achieve a $200 billion market cap in five years, but a respected analyst said that the firm’s initial coin offering (ICO) is still probably overvalued. Reports on Telegram’s goal for the ICO have varied wildly. Some have placed the figure as high as $2.6 billion, but all reports agree it will likely shatter the token sale record. Aaron Brown, a...

$1.6 Billion: Telegram ICO Ups the Ante for Record-Setting Token Presale

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The first multibillion-dollar token sale may be just around the corner -- if reports about the Telegram ICO are to be believed, that is. Having just concluded a record-setting $850 million ICO presale, Telegram -- the encrypted messaging application created by Russian entrepreneur Pavel Durov -- has sent prospective investors an email informing them that the firm will hold a second private...

$850 Million: Telegram ICO Quietly Shatters Blockchain Fundraising Record

Step aside, Filecoin, because the Telegram ICO has quietly shattered the blockchain-based fundraising record. According to a document filed with the US Securities and Exchange Commission (SEC) last week, the Telegram ICO has raised $850 million since Jan. 29, when the token sale officially began. The filing reports that only 81 investors contributed to the funding round, pegging the average...

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