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Telegram ICO Investors Included Russian Oligarch and Ex-Minister

Telegram

Newly released documents relating to Telegram’s 2018 ICO have revealed some big-name backers, including Russian oil tycoon Roman Abramovich and former Minister of Open Government Affairs Mikhail Abyzov.

The publication of the documents highlighting some of the big-money backers in Telegram’s planned blockchain, Telegram Open Network (TON), is just the latest development in the US Securities and Exchange Commission (SEC) case against the firm, which claims the messaging app violated securities laws by failing to register its 2018 token sale. The names and the amount that they invested were listed in an expert report by Stephen …

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MoneyGram Receives $11 Million Cash Injection from Ripple

MoneyGram

MoneyGram (NASDAQ:MGI) has received over US$11 million in the last six months from Ripple in what was described as “Ripple market development fees.”

A partnership between the money remittance company and the crypto services firm was first announced back in June when Ripple agreed to provide MoneyGram with US$50 million in order to support its payments product, On-Demand Liquidity, or xRapid, as it is sometimes referred to as.

The US$11.3 million sent MoneyGram’s way over the last months is broken up into two quarters, US$2.4 million in Q3 and an additional US$8.9 million in …

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Coronavirus Outbreak Tests Bitcoin Safe Haven Status

Bitcoin

Bitcoin (BTC) has spent much of the last week in freefall, sinking to a low of $8,520, just as the Coronavirus outbreak prompts widespread panic in the financial world due to its potentially cataclysmic impact on the global economy. This negative correlation between a global crisis and the value of the world’s largest cryptocurrency is fuelling doubts that Bitcoin may not actually be a safe haven asset, as previously thought.

A safe haven asset is an investment that investors turn to during times of market volatility and instability, in order to “weather the storm,” and are …

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The Libra Association Gets a New Member in Shopify

Libra

The Libra Association has signed up Canadian e-commerce platform Shopify as its newest member as the troubled crypto project looks to get back on track.

Libra has lost several founding members in recent months for a variety of reasons, the most prominent of which was the massive amount of scrutiny leveled at the project. The association was originally made up of 27 founding members; however, several early backers such as Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA) all jumped ship before the founding charter was signed, leaving just 21 members.

Vodafone was the most …

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