Telegram Raises $850 Million in Pre-sale Round of STO
In a document submitted to the SEC, Telegram disclosed it has raised USD 850 million in the pre-sale stages of its security token offering (STO). As reported by TechCrunch, the funds raised will be used to develop the TON Blockchain, Telegram Messenger, and for “other purposes.” The original pre-sale target was USD 600 million, but demand increased that figure up to $850 million.
Visa and Wordplay Take Blame for Ghost Charge Glitch Affecting Coinbase’s Customers
Visa and Wordplay, the credit card processor, have officially taken blame for repeat charges of Coinbase’s customers’ credit cards, absolving Coinbase of responsibility. According to Business Insider, one consumer reported having 50 repeat charges to their credit card at once, totaling USD 67,000. Coinbase is claiming it will “ensure” that its customers get their money back.
Indicted Russian Nationals Used Cryptocurrency Exchanges While Spreading Misinformation in 2016 U.S. Presidential Election
Russian nationals identified in the Justice Department indictment released on Friday used cryptocurrency exchanges to facilitate their efforts to mislead U.S. citizens leading up to the 2016 presidential election. As reported by Fortune.com, the Russian nationals and their co-conspirators created accounts with stolen identities on PayPal and unspecified online cryptocurrency exchanges. However, the indictment does not specify what the Russian nationals used their cryptocurrency accounts for.
24-Year-Old Cryptocurrency Trader in Chicago Faces 20 Years in Prison For Stealing $2 Million-Worth of BTC and LTC
A 24-year-old Chicago trader has allegedly stolen over USD 2 million-worth of Bitcoin and Litecoin cryptocurrency from his employer. After being arrested, the trader, Joseph Kim, said that he was “a degenerate gambler and admitted to converting the stolen Litecoin into Bitcoin for investment purposes.” According to Bitcoinist.com, Kim is facing up to 20 years in prison for the theft.
Have a major development in mind or an opinion on a story listed above? Please submit your comments below to get the conversation started.