Telegram May Enter Cryptocurrency

TON, Telegram Open Network

Cryptocurrency by Russia’s Telegram Founder Raises $850 Mln in Investments In early January, the TechCrunch website reported Telegram’s plans to launch its own blockchain, the “Telegram Open Network” (TON), platform and homegrown cryptocurrency. Russian tech genius, founder of Vkontakte and Telegram, Pavel Durov has filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC), reporting $850 million raised from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.” While the SEC filing did not disclose the names…

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