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“# Free TON to merge with Dune Network in decentralized M&A deal ” Free TON, a community-driven blockchain promoting decentralized self-governance and freedom of speech, has acquired Dune Network through a community merger mechanism that was recently approved by both camps. An amended Dune community partnership proposal filed in January was approved on Tuesday, bringing…
“# Law Decoded: All vs. One and One vs. All, Jan. 22-29 ” Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note “It was the best of times, it was the worst of times,” begins the most famous English-language story of the French…
“#Pardon the Intrusion #35: WhatsApp’s Messaging Mess” Subscribe to this bi-weekly newsletter here! Welcome to the latest edition of Pardon The Intrusion, TNW’s bi-weekly newsletter in which we explore the wild world of security. Well, that escalated quickly. After alerting users of a change in privacy policy earlier this month and kicking up a storm,…
“# The way forward for ICOs: Learn crypto from Biden’s SEC chair pick, part 1/3 ” This is the first of a three-part series based on Gary Gensler’s extensive prior public statements on crypto. Links to parts 2 and 3 will appear here as they are published. As the heir-apparent to the Chair of the…
“# Ripple CEO answers 5 key questions about the SEC lawsuit ” Ripple CEO Brad Garlinghouse has revealed the firm unsuccessfully attempted to settle its securities violation lawsuit with the SEC, and slammed the “regulatory chaos” around cryptocurrencies. I’m not going to litigate the SEC’s unproven allegations on Twitter, and as you can imagine, there…
“# Free TON achieves mainnet status after reaching ‘sufficient decentralization’ ” The Free TON project, a community-led software fork of Telegram’s ultimately ill-fated attempt at launching a blockchain, announced on Tuesday the launch of the project’s effective mainnet. The network had originally launched in May 2020, building on Telegram’s code base but otherwise showing no…
“# The US SEC amendments and SAFT process ” Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to as Simple Agreements for Future Tokens,…
“# The SEC collected $1.26 billion from unregistered ICOs in 2020 ” The Enforcement Division of the U.S. Securities and Exchange Commission (SEC) has collected more than $4.68 billion in illegal income and fines this year so far — with more than one quarter coming from Telegram’s ill-fated Gram’s token sale alone. In total around…
“# The cryptocurrency sector is overflowing with dead projects ” In 2017, when everything concerned with cryptocurrency and blockchain still looked fresh and interesting, it seemed that there would be no day without a new “revolutionary” project or idea. Decentralized financial system, decentralized torrent tracker, decentralized office documentation system. Decentralized, decentralized, decentralized. The overuse of…
“# Telegram to pay $625K in fees after dropping ‘GRAM’ ticker lawsuit ” Telegram Messenger Inc. has been ordered to pay nearly $625,000 worth of legal fees to a small cryptocurrency firm that it sued over using the ‘GRAM’ crypto-ticker and trademark. In a Nov. 2 ruling, U.S District Judge Charles Breyer granted $618,240 in…