Telegram's Public ICO May Not be Held

According to the sources, Telegram can raise proper amount in the closed sale
01 March 2018   1322

The organizer of Telegram's ICO may refuse to hold a public ICO, which was scheduled for March. It is expected that the necessary amount of $ 3 billion Telegram can raise during the closed sale of their Gram tokens, which will make the need for a public campaign to disappear by itself. This is reported by Russian issue RBK with reference to two presentations for potential investors.

In presentations on behalf of venture funds iTechCapital and Da Vinci Capital, investors are invited to participate in the second part of the closed token.

They even have the opportunity to raise all the amount they need, even with a closed placement - there are a lot of offers from investors. Moreover, they can now refuse "unsuitable" investors, which can not turn out for public placement. 

RBK's Source

It is also known that by the second round of the campaign, the price of the token has grown significantly. If in the first stages it was $ 0.38, then in the documents for the current round it is said about the cost of $ 1.1- $ 1.45.

A total of 5 billion Gram will be issued. More than half of this number will be distributed among investors, 4% - reserved for developers, and the unsold portion will be retained as a reserve.

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   154

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.