The Chief Commercial Officer of global crypto payment processor BitPay said that altcoins “will never come back,” while Bitcoin (BTC) will “rebound” in 2019, in an interview with Bloomberg September 12. Continue reading Bitcoin to ‘Rebound’ in 2019
The founder and CEO of Telegram and its TON Initial Coin Offering (ICO) Pavel Durov tweeted a warning on Saturday, Apr 28, telling his followers that the messaging app is experiencing downtime due to its server clusters overheating. Durov’s tweet drew the attention of fake crypto giveaway scammers who have claimed, posing as Telegram’s CEO, to offer crypto to users as a “thank you for [their] support.” Continue reading Scammers Hijack Verified Twitter Account To Steal Crypto By Posing As Telegram CEO
Pavel and Nikolai Durov reported that they raised $850 mln in the second round of their initial coin offering (ICO) in a notice signed today with the US Securities and Exchange Commission. Continue reading Telegram Attracts $850 Mln
Telegram closed its pre-sale ICO at record-breaking numbers. The team sent a document to the U.S. Securities and Exchange Commission (SEC) in which they claim that they have generated $850 million, so far. The SAFT backed ICO was aimed at major venture capital firms and other cryptocurrency whales. For putting money in early, these investors will receive discounts on the platform’s GRAM tokens. The public token sale is set for March and the team anticipates it will raise another $600 million more. However, that number may grow after the immediate success of the Telegram pre-sale. The messaging app was founded by Russian entrepreneurs Pavel and Nikolai Durov who banked on their social media company VKontakte. Telegram runs very similarly to WhatsApp but is said to be more secure. Its current business model currently makes no revenue, as Pavel Durov currently pays for all the app’s expenses via the $300 million made from their first social media company. Despite all the excitement around the mobile messaging application and the insane amount of money raised in its pre-ICO, some individuals remain unimpressed. There have been many critics that have questioned the app’s security in the past. The app doesn’t encrypt its messages by default and many just assume it does, but it must be turned on as an additional setting.
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 presale, according to a report in tech outlet The Verge. Citing anonymous sources, the
publication said that the second round of the Telegram ICO presale is expected to raise nearly as much as the first one,
netting the firm a total raise of more than $1.6 billion — all before the ICO even opens to the public. But although Telegram
does not appear to have any trouble attracting capital to its token sale, many traditional cryptoasset investors are
remaining on the sidelines. Pantera Capital, which was founded in 2013 and describes itself as the first US Bitcoin
investment firm, declined to participate in the Telegram ICO, citing reservations about the project’s lack of transparency.