Baking Conversions Chart /Weight Conversions/Cup to Gram Conversions
JP Morgan CIO: ‘Blockchain application more important than tech itself’
Bobby Lee: BTC will “pass $60,000 milestone” in coming years
Overnight trading sees Bitcoin price jump above $6,900
World Bank raises $80m on first Ethereum blockchain bond
Telegram to put brakes on public ICO for its Gram token
More rumours that the messaging app will not risk falling foul of US regulators by selling Gram tokens to Joe (and Josephine) Public.
(sub req) – based, it must be noted, on ‘sources’ – appear to confirm earlier
that messaging service Telegram will not be opening its Initial Coin Offering to the public for a good while yet. Thus, purchasing its proposed Gram tokens, the cryptocurrency that will eventually drive its (also proposed, and not yet functional) Telegram Open Network (TON) of decentralised applications, will remain the reserve of relatively few high-worth accredited investors for the foreseeable future.
With ICOs and various so-called ‘altcoins’ under increasing scrutiny from US regulators regarding the points at which their function becomes analogous to that of a
, it would appear that Telegram has decided to back away from selling Gram to the general public for now. Truth be told, Telegram has not yet sold a single Gram token to anyone as of now. It’s actually been selling the promise of Grams later, allowing early investors to stock up at below-RRP prices for when TON is actually up and running and the token has some actual utility.
Its wildly successful pre-sale, essentially of what the IT industry used to pejoratively describe as ‘vapourware’, has so far netted the company $1.7bn from a relatively short list of whale investors – reportedly well under 200 in number thus far. Despite the limited list of backers, that’s a funding figure well in excess of the $1.2bn the firm reportedly targeted for Gram’s pre-sale, making it by far the biggest ICO of all time in terms of revenue already.
This means that Telegram simply doesn’t need to jump through the regulatory hoop associated with opening its ICO to consumers right now – and has likely chosen to postpone doing so. This avoids a lot of regulatory and public scrutiny during the development period for its eagerly awaited suite of new functionality.
It bears repeating, though, that we await any formal public announcement regarding the future of the ICO from Telegram itself – or, indeed, of what
New report warns of cryptocurrency “mass market wipeout”
JP Morgan CIO: ‘Blockchain application more important than tech itself’
Bobby Lee: BTC will “pass $60,000 milestone” in coming years
Overnight trading sees Bitcoin price jump above $6,900
World Bank raises $80m on first Ethereum blockchain bond
Crypto Top 10s (August 22nd, 2018): BitMEX problems and Bitcoin spike leaves traders calling foul; Top 10 up
What it takes to work for John McAfee: no salary, living at his house, no day off
DASH masternode owner alleges serious financial issues, initiates vote to depose CEO
US authorities reject nine Bitcoin ETF plans in one fell swoop
Review: Opera for Android Cryptocurrency Wallet (Beta)
EOS’ CTO has thoughts about Ethereum’s update plans
Three quarters of Chief Security Officers ‘stockpiling crypto to pay off hackers’
Bitcoin ETFs ‘just another speculation’ doing nothing to help crypto adoption?
How blockchain is primed to change the transport industry
Omnitude announces global expansion with opening of US operation
Iris.ai launches global grant competition worth €100,000 for tech enthusiasts
Blockchain Energy Platform Company Energi Mine Partners with Hotel Cappuccino
© Copyright 2018 - CryptoNewsReview - All Rights Reserved
Stay up-to-date with our CryptoNewsReview weekly roundup. Sign up to our newsletter below
0 Reviews:
Post Your Review