Popular messaging app Telegram has shut down its TON cryptocurrency project. Telegram founder Pavel Durov explains that a US court has stopped his TON project and prevented the gram cryptocurrency from being distributed to investors, not just in the US but globally. Telegram Discontinues TON Blockchain and Cryptocurrency Project Telegram founder and CEO Pavel Durov […]
The post Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution appeared first on Bitcoin News.
Powered by WPeMatico
ICOs rose to prominence in 2017 as more startups turned to the new crowdfunding model that bypassed tedious traditional methods. With the meteoric rise of cryptocurrencies led by Bitcoin, investors’ interest in ICOs was at an all-time high especially towards the end of the year. As with any other industry that attracts both attention and investment, governments all over the world have taken measures to regulate the field. This has not gone all that well, as the regulatory framework in place hadn’t anticipated the kind of revolution the crypto industry has sparked. However, investors’ appetite for promising ICOs has not gone down, and