Telegram to pay $625K to Lantah over GRAM trademark lawsuit
Telegram will pay $625K to Lantah as compensation for expenses incurred during their lawsuit. The messaging application accused the company in 2018 of GRAm trademark infringement. Last two years, the popular messaging application opened a lawsuit against Lantah, alleging that the cryptocurrency startup infringed the trademark name of its now-dumped token, GRAM. As the messaging […]
Will Trump TikTok ban lead to Telegram sell-off?
Telegram CEO and billionaire, Pavel Durov has shown his displeasure following US President, Donald Trump TikTok ban across the country because of its affiliation with China. Arguing in favor of the app, the billionaire noted that banning the app that boasts of nothing less than 800 million users will be a very risky move that […]
Telegram Testnet shutting down in August 2020
The news of Telegram Testnet shutting down in August 2020 comes as no surprise. Interestingly, the firm’s blockchain venture called Telegram Open Network (TON) has already been closed back in May this year. TON launched a year ago, is still live with a vibrant user base. As per the official statement released on July 6, […]
Court orders Telegram $18.5M fine court verdict favors SEC
Encrypted messaging giant Telegram in a recent court ruling has been sanctioned and ordered to pay a lump sum of $18.5M to the United States Security and Exchange Commission (SEC). Telegram $18.5M fine Judgment was passed by US Southern District Court of New York Judge, Kevin Castel, who ordered that the fine be paid within […]
Telegram’s court case against SEC put to rest?
Telegram’s court case against SEC (U.S. Security and Exchange Commission) that has been on for several months has finally been laid to rest. Telegram decided to bury its matches against the regulators after halting its appeal against a ban imposed on its TON blockchain project’s tokens. Telegram’s court case against SEC, how it began The […]
Telegram refund: TON American investors now left with only 72% repayment
Telegram, a social media messaging platform, is looking to buy out the American investors in its blockchain project known as Telegram Open Network or TON. A new letter sent out to the investors reveals that the US investors won’t last on the project for another whole year. Telegram refund scheme for TON investors This comes […]
Telegram blockchain launch delayed, $1.2 billion to be returned to investors
The much-anticipated telegram blockchain launch has been postponed. The Telegram Open Network (TON) ecosystem is set to be delayed by one year. The new launch date has been set for April 2021. This is the second time the event has been rescheduled. The messaging App has also agreed to refund 72 percent of token sale […]
Will Telegram vs SEC court battle push for new legislation?
The fiercely contested and high profile Telegram vs SEC court case that grabbed the limelight since 2019 may have finally worked in the federal agency’s favor, however, as per the Blockchain Association, it may pressurize the Congress to offer better clarity on crypto laws. In 2018, Telegram conducted a whopping one and a half billion […]
Blockchain Association opposes Telegram injunction order
The Blockchain Association has once again come out to oppose Telegram injunction order. It has filed an amicus brief in the court requesting it to reconsider its injunction order. Securities and Exchange Commission has taken legal action against Telegram for undertaking a $1.7 billion ‘Initial Coin Offering’ and termed it as an unregistered securities sale. […]
Gram tokens distribution in and outside U.S. prohibited by NY federal court
Telegram’s Gram tokens distribution has been halted. The ruling has been made by a federal judge in New York. In the ruling, Gram tokens will not be distributed in and outside the U.S. This is a major drawback to one of the upcoming social networks, Telegram While replying to a Telegram filed inquiry, the U.S. […]
Telegram token investors are ready for returns?
Per the latest reports in the Telegram token saga, there are some of the investors in Telegram Open Network (TON) who are ready for taking their funds back. Telegram Open Network (TON) is a project of Telegram blockchain. The head of a Russia-based crypto investment company Hash CIB, Yaakov Bainsky stated that there are about […]
US Court quashes Telegram token siding with SEC
The United States court of justice has sided with the Security and Exchange Commission (SEC) on the Telegram token matter deeming TON a security. The New York court has stated that as Telegram intends to sell its TON tokens in the secondary market, so it would be considered as the unregistered security under the Howey […]
