The whole market is still in shock after the implosion of FTX, and many of our friends have been affected. Our thoughts go out to those who lost funds.
At Waggle, we continue to feel the pressures of the bearish market conditions, but rest assured that Waggle had zero exposure to FTX. Our core team continues to function normally.
Despite some of the setbacks we've all endured recently, we believe there is still a bright future for DeFi and Crypto.
The whole market is still in shock after the implosion of FTX, and many of our friends have been affected. Our thoughts go out to those who lost funds.
At Waggle, we continue to feel the pressures of the bearish market conditions, but rest assured that Waggle had zero exposure to FTX. Our core team continues to function normally.
Despite some of the setbacks we've all endured recently, we believe there is still a bright future for DeFi and Crypto.
Telegram has made it easier for its users to communicate, as it has introduced a feature that allows more than 200,000 users in a group chat. However, if the users in a group chat move past 200,000, it changes into "Broadcast Group", but the feature comes with a restriction. Groups with close to 200k members can be converted to a Broadcast Group that allows unlimited members. Only admins can post in Broadcast Groups, but everyone can read along and participate in group Voice Chats," Telegram added.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
