Telegram to Raise $850 in Second Round of ICO

This amount is taken from the Pavel Durov's report to US SEC
30 March 2018   1113

CEO Telegram Pavel Durov reported to the Securities and Exchange Commission (SEC) on attracting $ 850 million from 94 investors in the second phase of the closed ICO of TON project. The minimum investment amount was $ 1 million. The document is published on the SEC website.

Earlier in the pre-sale phase, Telegram attracted $ 850 million from 81 investors. At the pre-sale stage, some sources claimed that Telegram received bids for $ 3.8 billion.

The fact that Telegram will hold the second round of tokensale known at the end of February. On it the command of the messenger planned to collect up to $ 1.7 billion.

According to Vedomosti which refer to the investor, whose fund participated in the completed stage, the messenger plans to hold the third round of investments before the end of the year, but its terms are still unknown. The price of the token during the third round will be above $ 2, he assures.

According to the latest version of the whitepaper of the messenger, as early as the first quarter of 2018 the messenger should provide a service for external authentication of Telegram External Secure ID users - in the future, it will allow purchasing the cryptocurrency without additional personal confirmation. And in the II quarter of 2018, Telegram promised to launch testing of the minimum viable version of the TON blockchain platform.

California Court to Issue a Temporary Ban on Blockvest

SEC had found a lot of violations, including the "approval" of non-existed "Blockchain Exchange Commission"
15 February 2019   123

The Southern District of California Court, represented by Judge Gonzalo Kuriel, issued a preliminary ban against BlockOw ICO-startup Blockvest LLC and its founder Reginald Buddy Ringold (Rasul Abdul Rahim El), citing violations of securities laws in the past and possible violations in the future.

SEC Info
SEC Info

Court ruled that the BLV tokenail violated the norms of section 17 of the Securities Act of 1933, and recognized tokens as unregistered securities.

November last year, Judge Gonzalo Curiel refused to recognize the Blockvest project token as a security, because the SEC could not prove otherwise.