Snapchat’s Main Investor is Forming a Cryptocurrency Fund

On May 18, Recode reported that it has discovered Lightspeed Venture Partners, the main investment firm which backed many successful technology companies like Snapchat operator Snap, is planning to establish a fund that is exclusive to the cryptocurrency market. Three Options Sources of Recode confirmed that the venture capital firm is actively investigating into various

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Telegram Takes Alleged Trademark Squatter to Court over Cryptocurrency Naming Rights

Encrypted messaging company Telegram has filed a trademark suit against a Florida company that also intends to create a cryptocurrency named “gram.” The suit, which was filed on May 11 in the San Francisco branch of the US District Court for the Northern District of California, alleges that Lantah LLC violated Telegram’s service mark rights

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Telegram Cancels Public ICO After Raising $1.7 Billion in Presale

Encrypted messaging app Telegram has decided against holding a public initial coin offering (ICO) to fund the development of its “third-generation blockchain.” Citing sources familiar with the matter, the Wall Street Journal reports that the Pavel Durov-led firm determined that it is pleased with the $1.7 billion it had raised for the Telegram Open Network

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Iran Government Bans Telegram, Accuses App of Causing Widespread Unrest

Iran’s judiciary banned the Telegram Monday, accusing the popular messenger app of allowing armed opposition groups to fuel unrest, according to Mizan Online, the judiciary’s news agency, AFP-Services reported. Government officials publicly called for Telegram to be banned earlier this month after the messenger app concluded the second round of its record-setting $1.7 billion ICO to

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Pavel Durov: I’m Using Bitcoin to Neutralize Russia’s Telegram Ban

Russia’s Telegram ban officially went into effect this week, but the encrypted messaging app is fighting back against the government censors — and it’s using Bitcoin to power those efforts. Telegram founder Pavel Durov revealed Tuesday that he has begun distributing Bitcoin grants to groups and organizations operating virtual private networks (VPNs) and other proxy

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Russian Court Bans Telegram on Heels of $1.7 Billion ICO

A Russian court has levied an official ban against messaging app Telegram, just weeks after its initial coin offering (ICO) presale raised nearly $2 billion in two private funding rounds. Tagansky court judge Yuliya Smolina ruled against Telegram on Friday, siding with communications regulator Roskomnadzor’s request for the authorization to block access to the app

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Scam Exposed: Fraudulent Company Registers to Exploit Billion-Dollar Telegram ICO

A company called Telegram Open Network Limited was registered in Britain on February 28 under the name Pavel Durov, the founder of Telegram. Telegram, a chat app with 200 million monthly users, is a commonly used platform for ICO teams and investors to interact with each other. The company’s new crypto project, Telegram Open Network,

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Central Bank Cryptos, Vitalik Trolls and Hard Forks: This week in Crypto

Make sure you check out last weeks post here, now let’s go over what happened in crypto this week.  Price Watch: Bitcoin is up 3%  this week gaining back some of the 20% it lost last week. The price was largely sideways this week retesting $7,000 and $7,350 before coming back down to $6,980 and failing to hold

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Iran’s Government May Ban Telegram Over Its $1.7 Billion ICO

Messaging app provider Telegram has just concluded the second round of its record-setting initial coin offering (ICO), and Iran’s government is none too pleased. The app — extremely popular in the authoritarian country — has long incurred the ire of government officials, particularly since it played an important role in enabling residents to organize a

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Money Pit? Telegram ICO Hits $1.7 Billion After 2nd Funding Round

The Telegram ICO has now raised a total of at least $1.7 billion, public documents show. According to offering documents filed with the US Securities and Exchange Commission (SEC) and dated March 29, the second round of Telegram’s much-hyped initial coin offering (ICO) raised $850 million in a sale that began on March 14. The

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