02 May Cryptocurrency News Today – Headlines for April 30
- Telegram to Postpone TON Blockchain Launch For the Second Time
- The Network Pushes the Launch Date To April 2021
- Investors Have an Option of Pulling Their Funds or Waiting For a Year
Cryptocurrency News Today – Telegram has announced the postponement of its TON blockchain until April 2021. The messaging platform has shifted the launch date for the blockchain for the second time in a row. The company has also offered 72% of individual investor’s stake or an option of 110% of the investment by April 2021.
Telegram Gave into Pressure from SEC
The messaging network has battled with the U.S Securities and Exchange Commission for a while now before bowing to pressure. TON investors received a letter that explained the terms of the company.
It means that Telegram is offering to give back 72% of each stake if the investor chooses to terminate the original deal. Investors can also opt to wait for one year and receive 110% of their first investment.
The letter stated,
“As a token of gratitude…