Challenges Telegram Facebook and the Rest of the world already this October?

All Three are said to have been part of the Initial Coin Offering (ICO), by means of which Telegram a total of $ 1.7 billion collected. In the closed circle …

The encrypt of Messaging App Telegram will introduce a new digital currency Gram in October. This is a must have, at least, notified to investors by the Mainstream media. How will react the Rest of the world? A ban by the States threatens the project?

Telegram Token already this October?

As the New York Times on may 27. August reported that chatted three anonymous investors from the beans. All Three are said to have been part of the Initial Coin Offering (ICO), by means of which Telegram a total of $ 1.7 billion collected. In the closed circle of the company have now confirmed that the first Token will spend in two months.Another Telegram Open Network (TON)-Investor, to be in contact with the Telegram Team, also announced that the company plans to release the platform from the 1. To test September open to the public.The long-term goal of the management level behind the ambitious project will be to make Gram of all around 300 million users of the app available.Should prove to be true, these rumors would Telegram to implement this, where Facebook is threatening to come due to the strong headwinds, apparently, to its limits. Because one thing should be clear. In an Ecosystem with 300 million members, Gram would be a truly global digital currency.About Gram is on a technical level, is still little known. Apparently, the project is flying largely under the Radar, which has the advantage that it is excited at regulatory authorities only little attention. At least, if we compare it in Relation to the vehement resistance, to the Facebook Libra is encountered. That may change, however, with safety, once more passes through the project to the Public. Perhaps the article in the New York Times represents the starting shot for it.If you’re looking for a reputable point of contact, to act with real crypto currencies, then take a look at our Binance Test 2019! In this article, we have analyzed all the features and benefits of the crypto-exchange in more detail and evaluated. In Binance in our exchanges has reached the comparison in the first place. The most the most popular crypto-stock exchange today!

Has started the war of currencies?

It remains unknown at this time, how are you plans with the state authorities deal with it. This is seen in projects such as Libra and Gram direct competitors to their state-subsidized currencies. For hundreds of years, the state monopoly is provided for the first Time on the money creation to the test.For all those who have not noticed it yet: The digital age has ushered in the Era of digital currencies as a downright natural corollary. The demand on the part of the market adapts to the current conditions of our economy. With the increasing digitization and internationalization of our world, a digital and a global currency appears to be the logical consequence. But which currencies will prevail in the Darwinian principle result in?With security, there will be more than a currency, and certainly the markets will not be limited to national territories. In addition, should also be clear that this power is not held only among States, but, increasingly, Non-banks will try a piece of the proverbial cake that happens to you.We must appreciate definitely happy to be part of these exciting developments and radical changes, monetary systems, and are excited for what is to follow.What do you think about the project from the Telegram? Who makes in your opinion the race, telegram Gram or Facebook Libra Token? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any news more. (Image Source: Shutterstock)

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Telegram Investors Claim Company Will Issue First Gram Tokens Within Two Months

Telegram conducted a much-publicized initial coin offering for Gram in 2018, raising a reported $1.7 billion from investors who were promised Grams …

Posted on Aug 28, 2019

Social messaging app company Telegram plans to launch its new Gram digital currency by the end of October, the New York Times reported on August 27. The firm has reportedly told investors that the first coins will be issued sometime in the next two months. That’s according to three investors who spoke with the Times anonymously, due to nondisclosure agreements.

The company is expected to begin testing its Gram network at the beginning of next month. It eventually hopes to provide Gram digital wallets to all of its several hundred million Telegram users worldwide.

Telegram conducted a much-publicized initial coin offering for Gram in 2018, raising a reported $1.7 billion from investors who were promised Grams in the future. As part of that promise, Telegram agreed to either deliver those Grams by October 31, 2019, or return the money to investors. According to the Times, the company has been “racing to get the coins out before that deadline.”

The news comes as Facebook faces increasing skepticism from regulators over its proposal for the Libra digital currency project. Telegram, which has been even less transparent about its own cryptocurrency project, is likely to face similar skepticism as it gets closer to launching Gram.

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Exploring Electroneum {ETN} and its key characteristics: Built specifically for the good of humanity

Under the leadership of Richard Ells, this virtual currency has seen a soaring rate of adoption. They have abided by the KYC/AML regulations.

After July kicked-off, Electroneum was able to successfully implement an update. The chain will henceforth be backed by the Proof-of-Responsibility protocol. This leads to crucial NGOs [non-profit and non-governmental entities] being chosen as miners, instead of the usual process of validation which leads to centralization.

Under the leadership of Richard Ells, this virtual currency has seen a soaring rate of adoption. They have abided by the KYC/AML regulations. With this upgrade, the blockchain is practically impenetrable if the possibility of a 51% attack arises. As the network is being monitored constantly, malicious threats can be stopped in their tracks in an effective manner.

Electroneum is also the first currency to have conceptualized cloud mining involving mobile phones. All one needs to do is download their app, sign up and earn $3 worth of ETN every month. This has contributed to their popularity in Africa and other nations as well. TwitterAudit has verified that 96% of their reported followers are genuine [this is great news, as both TRON and XRP have been propelled forward via the use of bots].

Want to know more about why we chose @UbuntuPathways as one of our trusted NGOs?

Take a look at this fantastic Q&A from ‘MancItalian’ with Ubuntu’s UK director to see how we began working together >

— electroneum (@electroneum) August 25, 2019

For now, ETN is the only network to have brought in the Proof-of-Responsibility methodology. Electroneum is also one of the most environment-friendly digital currencies and saves time and resources during mining. So what are you waiting for? Check out this immensely secure network with extraordinary scalability.

Electroneum is ranked at #104 on coinmarketcap. The price declined by 5.82% in the course of the past 24-hours. The trading volume recorded is $0.170 million, while the supply has 9,790,903,050 ETN coins in play. As of this moment, ETN is priced at $0.003551. The total market cap of Electroneum, according to present data is $34.769 million.

About Post Author

Aditya Chatterjee

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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Telegram says its Gram cryptocurrency is still on track to launch by October 31

There have been several rumors of an “initial coin offering” (ICO), but the company had reportedly scrapped the plans after seeing the increasingly …
In brief: Telegram is the latest company that wants to launch a digital currency with high ambitions and a tight deadline. To succeed, it must comply with regulators by the end of October, which sounds unlikely but only time will tell. The company doesn’t have the best relationship with governments, but it stands to lose a hefty investment, so it’s trying its best to deliver on its promise.

While many are probably familiar with Facebook’s efforts to take the global payments market by storm with its Libra cryptocurrency, you may have not heard about a similar project that comes from another social network, Telegram. There have been several rumors of an “initial coin offering” (ICO), but the company had reportedly scrapped the plans after seeing the increasingly tight regulations proposed the Securities and Exchange Commission.

Now, it turns out that the much-hyped project might see the light of day. According to a report by The New York Times, Telegram is planning to launch a digital currency called Gram within the next two months. The company has told investors that it’s going to roll out the Gram wallets to two thirds of its estimated 300 million global users.

Just like Libra, Gram is yet another digital currency that promises to make payments easy, fast, and secure. However, due to the way Telegram works, the very same encryption that makes its messaging app secure is also what brought it under the lens of regulators. The company’s digital currency will probably emulate Bitcoin in many ways, which would make it an attractive option for people interested in avoiding laws and regulations. This wouldn’t bode well with authorities, who are increasingly interested in such developments and their many implications.

Telegram is apparently pushing its token out to hold onto an estimated $1.7 million raised from over 200 investors. The idea here is that the company has a deadline — if it doesn’t manage to launch Gram by October 31 it risks losing all that money.

In the grand scheme of things, several companies are trying to push their own digital currencies. Binance is a notable example with its Venus cryptocurrency, but that is in the early stages of development. Still, Telegram’s token isn’t backed by real currency and its value would instead fluctuate as a result of how many people are willing to invest in it.

The company says a test version of the Gram network will go live within the next few weeks, and third party wallet providers like Button Wallet are jumping in to help with adoption by offering Gram tokens to those who activate its wallet. The social platform has bigger plans for the Telegram Open Network — it wants to slowly evolve it into a decentralized infrastructure for all kinds of digital applications, similar to Ethereum.

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South Korea Regulator to Support Proposed Crypto Exchange Regulation

The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and …

The chairperson of the South Korean Financial Services Commission (FSC) has stated that he is in favour of a proposed reporting system for crypto exchanges operating in the nation. The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and other financial crimes.

The proposal is up for discussion tomorrow in South Korea’s National Assembly. The newly-appointed chairperson says that such regulatory moves are necessary given that he sees it as an inevitability that cryptocurrency will be widely used in the future.

Crypto Adoption Inevitable, Says South Korean Regulator

According to a report in TheNews.Asia, Sungsoo Eun, the newly-appointed Financial Services Commission chairperson, is in support of a proposed reporting system for Korea’s crypto exchanges. The regulator believes that such an obligation will bring greater transparency to the industry. This may in turn attract greater numbers of institutional investors to cryptocurrency.

Sungsoo Eun is a recent appointee to the position of FSC chair. He took over following the former chair’s stepping down in July.

Despite Bitcoin being the most transparent system of accounting invented to date, the industry still has something of a bad reputation, particularly amongst regulators. Many fear that crypto assets are only good to disguise financial crimes. Greater transparency in the cryptocurrency exchange industry, according to the FSC chair, will reduce the likelihood of money laundering enabled by cryptocurrency to take place.

Eun made his remarks in a report sent to the National Assembly. The legislative body of South Korea is due to hold a hearing about proposed amendments to the Special Financial Information Act tomorrow.

The amendment, if approved, would require crypto exchanges and other businesses handling digital assets to make reports about their business operations, along with any suspicious activity that the companies might observe.

The report in TheNews.Asia states that Eun has previously mentioned concerns about cryptocurrency being used to enable money laundering and other financial crimes. He has also been critical of the levels of speculation surrounding the industry.

That said, Eun does seem to believe that crypto is the future and, therefore, it is important to prepare for its growing usage. He wrote in the report:

“It is true that there are active discussions about the possibility of virtual currency and blockchain utilization as a means of payment.”

South Korea is one of the fastest growing cryptocurrency markets in the world. Such enthusiasm for the financial technology is highlighted by the large price premiums often observed at the nation’s digital asset trading platforms.

Related Reading:Bitcoin Bull Run “Guaranteed”: Federal Reserve Expected to Cut Rates Into 2020

Featured Image from Shutterstock.

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