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Telegram Gives Up On Crypto Blockchain Project

Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durovā€™s cryptocurrency idea lost steam because of a U.S. court. ā€œThe technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,ā€ he wrote on his channel. ā€œUnfortunately, a U.S. court stopped TON from happening.ā€

Telegram Be The Next Best SPAC

I have no inside knowledge of a potential stock listing of the popular anti-Whatsapp messaging app, Telegram. But I know this much, judging by most people I talk to, especially crypto investors, if Telegram ever went public, people would gobble it up. I know I would. Iā€™m waiting for it. So is Sergei Sergienko, who claims he owns $800,000 of Telegramā€™s pre-initial coin offering (ICO) tokens. ā€œIf Telegram does a SPAC IPO, there would be demand for this issue. It would probably outstrip the interest we saw during the ICO. Why? Because as of right now Telegram looks like a liberal application that can accept anyone - right after WhatsApp and others have turn on the censorship,ā€ he says.

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