Telegram Gives Up On Its Blockchain, Crypto Project

Telegram Gives Up On Its Blockchain, Crypto Project

Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep.. After leaving Russia because the government wanted his encryption keys to his social media firm, Durov's cryptocurrency idea lost steam because of a U.S. court.. No present or past member of Telegram is involved with any TON projects out there.. Back in October, the SEC sought a temporary restraining order against the Telegram blockchain project, stopping them temporarily from offering, selling, delivering or distributing its GRAM coin.. I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ.. Since 2011, I focus on business and investing in the big emerging markets exclusively for Forbes..