Home / English News / Telegram Cancels Public ICO After Raising $1.7 Billion in Presale

Telegram Cancels Public ICO After Raising $1.7 Billion in Presale

Encrypted messaging app Telegram has decided against holding a public initial coin offering (ICO) to fund the development of its “third-generation blockchain.” Citing sources familiar with the matter, the Wall Street Journal reports that the Pavel Durov-led firm determined that it is pleased with the $1.7 billion it had raised for the Telegram Open Network

The post Telegram Cancels Public ICO After Raising $1.7 Billion in Presale appeared first on CCN

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