Telegram - raised $1.7 billion potentially will see its ICO price rise by 200%

BBFTA News Editor | September 11, 2019 | PERMALINK

Telegram, which was founded by Pavel Durov (who is reported himself to be worth over $2.4 billion) has to start trading its Gram token in the next couple of weeks.

As reported by AFP. Telegram wants to create a “standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people”.

Telegram is both Russia’s and one of Asia’s biggest social media platforms, and its app enables encrypted text messages, photos and videos, and also create "channels" for as many as 200,000 people. It also supports encrypted voice calls. It is believed that this has recently encouraged terrorists and protesters in Hong Kong to be using Telegram.

In March 2018, Telegram was responsible for the second-largest Initial Coin Offering (ICO) raising $1.7 billion, after EOS (which raised over...

As reported by AFP. Telegram wants to create a “standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people”.

Telegram is both Russia’s and one of Asia’s biggest social media platforms, and its app enables encrypted text messages, photos and videos, and also create "channels" for as many as 200,000 people. It also supports encrypted voice calls. It is believed that this has recently encouraged terrorists and protesters in Hong Kong to be using Telegram.

In March 2018, Telegram was responsible for the second-largest Initial Coin Offering (ICO) raising $1.7 billion, after EOS (which raised over $4 billion.) Those who managed to participate in Telegram’s ICO could potentially see their investment double, as it was reported in July this year that Gram tokens were being issued in a pre-sale at over 200% of Gram’s initial issue price. Telegram has been established as a not-for-profit organisation, using "open source" software so allowing anyone to add value to Telegram, aiming to retain independence over its operations.

More importantly, once Gram starts trading it will be used by up to 300 million people that have accounts with Telegram, substantially increasing the global users of digital currencies at a stroke. However, according to a report from the Washington-based Middle East Media Research Institute “there is evidence that terrorist groups like ISIS, Al-Qaeda, Hamas and the Muslim Brotherhood are using Telegram and other social media platforms to raise cryptocurrency” The report went on to say that US congressional letters have been sent to Pavel Durov asking him to take immediate action against any documented evidence of terrorists using the Telegram platform.

Telegram is running out of time as it promised in legal documents that it would deliver Grams to investors by October 31st, 2019, or give back the money. However, given the regulatory concerns that Facebook’s Libra digital currency has provoked, it is difficult to see how Gram’s will be trading in such a short time.

READ MORE

#FrontierInsights

#ICO

#Token

Crypto analysis for institutions

BBFTA News Editor | September 10, 2019 | PERMALINK

As pension and mutual funds and banks are increasingly investing in Digital Assets, more independent services are going to be required to track the performance of the Digital Assets and offer research and insight into them.

This helps to explain the rise in institutional focused crypto-indices and services such as Armun’s Crypto Basket Index, Bletchley Indices, Byte Tree, Crypto20 and Vision Hill Crypto Active Indices. While some of the traditional services providers are active in this sector, e.g. Bloomberg Galaxy Crypto Index and Intercontinental Exchange (ICE) Cryptocurrency Data Feed, one suspects we will see organizations such as Bloomberg and Reuters beginning to acquire these specialist Crypto-service providers. We have already seen some acquisitions, such as Coinmetrics buying Bletchley in June 2019, but no doubt there will be more as the Crypto-service providers enhance the analysis and monitoring...

This helps to explain the rise in institutional focused crypto-indices and services such as Armun’s Crypto Basket Index, Bletchley Indices, Byte Tree, Crypto20 and Vision Hill Crypto Active Indices. While some of the traditional services providers are active in this sector, e.g. Bloomberg Galaxy Crypto Index and Intercontinental Exchange (ICE) Cryptocurrency Data Feed, one suspects we will see organizations such as Bloomberg and Reuters beginning to acquire these specialist Crypto-service providers. We have already seen some acquisitions, such as Coinmetrics buying Bletchley in June 2019, but no doubt there will be more as the Crypto-service providers enhance the analysis and monitoring services they offer. Given the historical misdemeanours, with scams and down-right fraudulent activities previously being prevalent in the asset management industry, we have seen a growing complex and expensive culture of regulation and compliance being imposed. Having third parties (such as trustees for funds) is now a pre-requisite in many jurisdictions but, for a third party such as a trustee to be effective, it often needs access to independent data and statistics to compare managers’ performance and risk metrics against market norms. Therefore, we are likely to see a growing demand for organizations offering products and services to help ensure that Digital Asset managers are doing what they claim to be offering to their investors.

READ MORE

#FrontierInsights

#Crypto

#Analysis

Jonny Fry

6 Years Ago |

 
 
Telegram - raised $1.7 billion potentially will see its ICO price rise by 200%

Telegram,which was founded by Pavel Durov (who is reported himself to be worth over $2.4 billion) has to start trading its Gram token in the next couple of weeks. As reported by AFP.Telegram wants to create a “standard cryptocurrency used for the regular exchange of value in the daily lives of ordinary people”.
Telegram is both Russia’s and one of Asia’s biggest social media platforms, and its app enablesencrypted text messages, photos and videos, and also create "channels" for as many as 200,000 people. It also supports encrypted...

Log In or Become A Member To See More

You do not have permission to comment on posts

Please contact us if you think there is an error!

Jonny Fry

6 Years Ago |

Crypto analysis for institutions

As pension and mutual funds and banks increasingly invest in Digital Assets, more independent services are going to be required to track the performance of the Digital Assets and offer research and insight into them. This helps explain the rise in institutional focused crypto-indices and services such as Armun’sCrypto Basket Index, Bletchley Indices  ,Byte Tree, Crypto20and Vision Hill Crypto Active Indices. While some of the traditional services providers are active in this sector, e.g. Bloomberg Galaxy Crypto Indexand Intercontinental Exchange (ICE) Cryptocurrency Data Feed, one suspects we will see organisations such as Bloomberg and Reuters beginning to acquire...

Log In or Become A Member To See More

You do not have permission to comment on posts

Please contact us if you think there is an error!