𝐈𝐓’𝐙 𝐓𝐎𝐆𝐄𝐓𝐇𝐄𝐑 𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓

𝐈𝐓’𝐙 𝐓𝐎𝐆𝐄𝐓𝐇𝐄𝐑 𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓

𝐈𝐓’𝐙 𝐓𝐎𝐆𝐄𝐓𝐇𝐄𝐑 𝐒𝐇𝐈𝐓𝐏𝐎𝐒𝐓 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. The Securities and Exchange Board of India (Sebi) had carried out a similar exercise in 2017 in a matter related to circulation of messages through WhatsApp. The Dow Jones Industrial Average fell 230 points, or 0.7%. Meanwhile, the S&P 500 and the Nasdaq Composite dropped 1.3% and 2.2%, respectively. All three indexes began the day with gains before selling off. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said. "Like the bombing of the maternity ward in Mariupol," he said, "Even before it hits the news, you see the videos on the Telegram channels."
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