Gram

Norway Considers Backing Swedish Crypto Ban Proposal, Hints Minister

Norway is considering a crypto mining ban proposal put forth by two Swedish regulatory officials, Minister of Local Government and Regional Development Bjørn Arild Gram hinted in a Nov. 17 interview with Euronews. Norway is “currently considering potential policy measures” to address the “challenges related to crypto mining.” In this context, they are “looking at the solutions proposed by the Swedish regulators” with an eye on Europe-wide regulations, Gram said. In an open letter, officials from two of Sweden’s top regulators called for Europe to ban proof-of-work mining in order

GoldPesa launches a gold-backed token with Upside

GoldPesa transforms gold into an income-generating asset class that trades at a premium. GoldPesa is launching a gold-backed token that trades at a premium and safely generates wealth for token holders. Each GoldPesa token (“GPX”) is backed by 1 gram of gold stored in a secure vault while not being a stable coin. Over the years, gold has earned a reputation as a good inflation hedge. Nevertheless, owning gold as an asset class doesn’t generate any yield. In fact, storing gold securely actually costs money. GoldPesa is solving this problem

Token Launches From Ethereum to Telegram: Where Do We Go From Here?

In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC in the Telegram case. Concluding her remarks, Commissioner Peirce asked:“Who did we protect by bringing this action? The initial purchasers, who

Why Klaytn and Link Will Catalyze Blockchain Adoption in Asia

In the last two years, popular messaging giants in Asia and Europe have announced plans to launch a blockchain-powered cryptocurrency. In Asia, Kakao’s Klaytn and Line’s Link platform have launched and are quickly gaining momentum, but Facebook and Telegram’s cryptocurrencies have not fared so well. Messaging Giants Pushing Blockchain Adoption As it stands, Kakao is by far the most dominant mobile platform in Korea with a market share of 97% in the country. Kakao subsidiary Ground X began development of Klaytn back in 2019, after raising $90 million in both

In Legal Battle With US SEC, Telegram Sees New Support From Trade Association

The Blockchain Association, a major United States-based trade association in the crypto sphere, has filed a new brief in support of Telegram amid the firm’s continuing legal battle with the Securities and Exchange Commision (SEC).The amicus brief and the SEC’s lack of clarityThe April 3 brief takes the SEC to task for backtracking on its own guidance for legally distributing digital assets. Referring to the inconsistency that issuers of digital assets must cope with when dealing with the SEC, the brief says that “No settled precedent or agency rulemaking addressed whether

New York Judge Says Telegram Can’t Distribute Grams Outside U.S. Either

A New York judge has ruled that the injunction barring Telegram from issuing its Gram tokens extends to all entities in the United State and overseas.On April 1, U.S. District Judge P. Kevin Castel, responded to the encrypted messaging firm’s request for clarification as to the scope of the court’s March 24 preliminary injunction. He denied Telegram’s move to distribute tokens to the non-US-based participants of its 2018 initial coin offering (ICO).Approximately $1.27 billion of the funds raised to finance the development of the Telegram Open Network (TON) came from