Advertisement
AD

Main navigation

Advertisement

Breaking: Telegram Announces Discontinuation of Its Blockchain Project

Advertisement
Tue, 12/05/2020 - 17:18
Breaking: Telegram Announces Discontinuation of Its Blockchain Project
Cover image via U.Today
Read U.TODAY on
Google News

Pavel Durov, the founder of messaging giant Telegram, has just announced the discontinuation of the TON blockchain projects. 

Advertisement

Related

Durov explains that the defeat in the legal battle with the U.S. Securities and Exchange Commission (SEC) was the reason behind abandoning the project: 

'Sadly, the US judge is right about one thing: we, the people outside the US, can vote for our presidents and elect our parliaments, but we are still dependent on the United States when it comes to finance and technology (luckily not coffee).' 

As reported by U.Today, Judge Kevin Castel of the New York Southern District Court prohibited Telegram from selling its Gram tokens outside of the U.S. 

Advertisement

In his post, Durov also cautioned investors against putting their money into third-party projects that are not related to Telegram: 

No present or past member of our team is involved with any of these projects.

The billionaire also calls the world 'overly centralized' while wishing luck to those who struggle for decentralization. 

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD