This week on #BlockchainCentral: We breakdown what happened to one of the worlds biggest ICOs and most anticipated blockchain networks releases; the Telegram Open Network (TON).

#Telegram began raising capital in January 2018 for their upcoming #TON blockchain. How much did they raise? A mind-boggling $1.7 BILLION USD! However, their expected October 21, 2019 release was hampered by the SEC, who halted their operation and insisted that Telegram and TON had failed to register their GRAM token as securities with the US Securities and Exchange Commission (SEC). Since then, Telegram has promised to release their network everywhere except the US and will hopefully be up and running by April, 2020.

Launched in 2013 by brothers Pavel and Nikolaui Durov, Telegram has become one of the worlds most popular messaging network and at one point was seeing an influx of users at a rate of 3 million per day.

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Blockchain Central is your #1 trusted source for everything crypto. Our host Blu will guide you through weekly news about the political, legal and financial sides of crypto currencies like Bitcoin and Ethereum as well as recent developments in Blockchain technology, Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), Security Token Offerings (STOs) and new coins/tokens.

This content does neither represent financial, legal or tax advice, nor is it supposed to be understood or interpreted as solicitation to buy or sell any securities, coins or tokens!

Want to work with us? Contact us at marc.gilbert@blockescence.com

Sources:
https://t.me/durov/101
https://www.sec.gov/news/press-release/2019-212
https://www.wikiwand.com/ru/Telegram_Open_Network
https://www.nytimes.com/2019/08/27/technology/telegram-cryptocurrency-gram.html
https://www.coindesk.com/telegram-looks-to-cut-deal-with-ton-blockchain-investors-after-sec-order