𝓢𝓸𝓪𝓴𝓮𝓭 𝓶𝓮𝓶𝓸𝓻𝓲𝓮𝓼

𝓢𝓸𝓪𝓴𝓮𝓭 𝓶𝓮𝓶𝓸𝓻𝓲𝓮𝓼

𝓢𝓸𝓪𝓴𝓮𝓭 𝓶𝓮𝓶𝓸𝓻𝓲𝓮𝓼 Telegram | DID YOU KNOW?

Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Following this, Sebi, in an order passed in January 2022, established that the administrators of a Telegram channel having a large subscriber base enticed the subscribers to act upon recommendations that were circulated by those administrators on the channel, leading to significant price and volume impact in various scrips. Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. Anastasia Vlasova/Getty Images
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