Blockchain101 Telegram Raised $1.7 Billion in two pre-ICOs By AtoZcrypto Posted on April 2, 2018 1 min read 0 1 516 In February, secure messaging service Telegram launched a presale for its cryptocurency prior to an Initial Coin Offering (ICO), raising $850 million from 81 investors, and later that month, The Verge learned that it was launching a second private presale, in which it aimed to double that amount. Bloomberg Technology reports that the company did just that, and has raised a total of $1.7 billion in March between the two sales. In a filing to the Securities and Exchanges Commission, Telegram says that it raised an additional $850 million from 94 investors in the second sale, bringing the total amount to $1.7 billion. It also says that it might “pursue one or more subsequent offerings” beyond these first two sales. The company is looking to launch what it calls the Telegram Open Network (TON), an Ethereum-like ecosystem with apps, services, and a store for digital and physical goods, and in its filing, says that it plans to use the proceeds from the ICO to fund its development. Source: Theverge Picture courtesy Bloomberg
SEC Presses Charges Against Justin Sun & His Companies On March 22, The Securities and Exchange Commission (SEC) pressed charges against the cryptocurrency …
Vitalik Buterin Drops Altcoins with No Moral Value The Ethereum co-founder Vitalik Buterin has decided to liquidate his altcoin holdings because it …
CFTC Does Not Agree With SEC On Ether As A Security Option SEC chairman Gary Gensler has declared that Ether is security, especially after switching to …
Coinbase Cuts Ties With Silvergate: Latest Cryptocurrency News Silvergate has been facing lawsuits and investigations for a while. Now, the bank is …