[ 𝗢𝗣𝗘𝗡 𝗠𝗘𝗠𝗕𝗘𝗥 ] 𝐙𝐔𝐇𝐀𝚰𝐑 𝐄𝐌𝐏𝚰𝐑𝐄

[ 𝗢𝗣𝗘𝗡 𝗠𝗘𝗠𝗕𝗘𝗥 ] 𝐙𝐔𝐇𝐀𝚰𝐑 𝐄𝐌𝐏𝚰𝐑𝐄

[ 𝗢𝗣𝗘𝗡 𝗠𝗘𝗠𝗕𝗘𝗥 ] 𝐙𝐔𝐇𝐀𝚰𝐑 𝐄𝐌𝐏𝚰𝐑𝐄 Telegram | DID YOU KNOW?

At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields. "Markets were cheering this economic recovery and return to strong economic growth, but the cheers will turn to tears if the inflation outbreak pushes businesses and consumers to the brink of recession," he added. "There are several million Russians who can lift their head up from propaganda and try to look for other sources, and I'd say that most look for it on Telegram," he said. Oleksandra Matviichuk, a Kyiv-based lawyer and head of the Center for Civil Liberties, called Durov’s position "very weak," and urged concrete improvements.
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