Blockchain Cryptocurrency Space May Update

With the world slowly coming out of the COVID-19 lock down and the economy hopefully on the path to recovery there have been many developments in the blockchain / crypto space over the last few weeks.

Telegram – Mixed Messaging and Maybe the End of the Line

Telegram, the messaging application which last year raised about $1.7 billion toward the launch of a proposed digital asset called GRAMS that would operate on a proprietary blockchain called TON, has been one of the most active stories of the last few months.

In our last update, we reported that the Southern District of New York issued a preliminary injunction blocking Telegram’s proposed launch of its TON blockchain and related distribution of Gram tokens. This injunction follows an emergency restraining order obtained by the SEC in October 2019 delaying the launch of the TON blockchain.

At that time, Telegram delayed the launch to April 30 and asked investors to approve the delay and to revisit the issue at…