⤞𝐄𝐥𝐢𝐭𝐞 𝐬𝐨𝐮𝐧𝐝𝐭𝐫𝐚𝐜𝐤 𝅘𝅥𝅮

⤞𝐄𝐥𝐢𝐭𝐞 𝐬𝐨𝐮𝐧𝐝𝐭𝐫𝐚𝐜𝐤 𝅘𝅥𝅮

⤞𝐄𝐥𝐢𝐭𝐞 𝐬𝐨𝐮𝐧𝐝𝐭𝐫𝐚𝐜𝐤 𝅘𝅥𝅮 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. In addition, Telegram now supports the use of third-party streaming tools like OBS Studio and XSplit to broadcast live video, allowing users to add overlays and multi-screen layouts for a more professional look. Under the Sebi Act, the regulator has the power to carry out search and seizure of books, registers, documents including electronics and digital devices from any person associated with the securities market. 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.
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