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The enterprise, founded by self-exiled Russian Pavel Durov, raised $1.7 billion from qualified investors last year to fund developing the Telegram Open Network blockchain, which will use the cryptocurrency Gram.

Bitcoin

Dubai-based Telegram cryptocurrency offered for sale at triple ICO price

Written by Bloomberg

Thu 4 Jul 2019Thu 7 Oct 2021

Telegram founder Pavel Durov aims to enable transaction speeds faster than the Bitcoin and Ethereum blockchains

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Pavel Durov CEO and cofounder of Telegram
Photo: Steve Jennings/Getty Images for TechCrunch

Pavel Durov

Telegram raises $1.7 billion in coin offering, may seek more

Written by Staff Writer

Sun 1 Apr 2018Thu 7 Oct 2021

Company plans to use the ICO proceeds to develop the Telegram Open Network blockchain