Trump's Ex-Advisor to Discuss the ICO

Steve Bannon, former adviser to US President Donald Trump, held meetings with hedge funds and private investors
15 June 2018   1681

Steve Bannon discussed with hedge funds and private investors the possibility of holding an initial coin offering (ICO) for his company Bannon & Company. This is reported by The New York Times.

Bannon declined to disclose the details of the results of the talks out of fear that his ambiguous reputation could harm future plans. However, the ex-adviser admitted that he kept some of his savings in bitcoin. Moreover, he believes that crypto-currencies challenge the authorities and individuals engaged in "destructive populism".

It takes control back from central authorities. It’s revolutionary.

Steve Bannon

Former Trump Advisor

Bannon has shown interest in digital currencies since at least 2016. However, it has became known for the general public about this only in 2017, after Bannon left the White House.

This year, he said that blockchain technology gives people "true freedom". Speaking of prominent figures in the crypto world Steve Bannon said that 'these guys are visionaries'. 

Earlier the ex-adviser said that he helps other people to create their own cryptocurrencies. In addition, Bannon even considered the possibility of creating his own digital currency called "deplorables coin". It was "deplorables" that Hillary Clinton called the supporters of Donald Trump.

SEC to Unveil New List of Probable TON investors

One investor in this list is a ex-member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital Mayer Malka
27 January 2020   487

Some names of large investors and the names of investment companies that could take part in the $ 1.7 billion token sale of the Telegram blockchain project became known, CoinDesk reportes with reference to documents issued by the US Securities and Exchange Commission (SEC) in the framework of the current proceedings.

One such investor is a former member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital, Mayer Malka. He during the testimony at the beginning of the month mentioned Telegram CEO Pavel Durov.

Answering a question about whether Telegram is known for investors who can take on the role of validators in the TON PoS blockchain, Durov said:

We didn't put together a separate list of the purchasers who we would assume have experience in validating other networks, although it was obvious that certain investors… such as, for example, Micky Malka that we have discussed earlier, might… have experience in these processes of validation or at least were closely affiliated with parties that had experience in such processes.


Pavel Durov

Telegram CEO

In addition, Telegram Vice President Ilya Perekopsky, in one of his reports, named David Jan, the founder of ABBYY, a linguistic solutions development company, among potential investors. According to the correspondence published by the SEC, Ian asked Perekopsky if he could get an allocation in the ICO if he contacted Telegram directly without intermediaries in January 2018. “100 percent,” replied Perekopsky.

Also, TON investors could become the American funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings and Redpoint. This follows from the testimony declarations affixed by the SEC to the recent petition. In eight declarations, TON investors explain what prompted them to purchase Gram tokens. Company names have been removed from all documents, but they have remained in the file names. Sources familiar with the situation confirm that they really could take part in the ICO.

Most of the witnesses interviewed by the SEC indicated that they were interested in the possibility of supporting the Telegram project in the ICO TON, while the messenger itself does not accept funding for its main business. The announced investment amounts are on average $ 5-10 million. At the same time, Kleiner Perkins was initially offered an allocation of $ 15 million, but the company managed to agree on a twice as large investment, it follows from the submitted documents.