Telegram to pay $625K in fees after dropping 'GRAM' ticker lawsuit
Telegram must pay $625,000 to Lantah LLC — a small crypto firm it sued in 2018 over using the ‘GRAM’ trademark and ticker. Telegram Messenger Inc. has been ordered to pay nearly $625,000 worth of legal fees to a small cryptocurrency firm that it sued over using the ‘GRAM’ crypto-ticker and trademark.In a Nov. 2 ruling, U.S District Judge Charles Breyer granted $618,240 in attorney’s fees for 1,030.4 hours work billed at $600 per hour. Lantah had requested compensation at a rate of $900 per hour, but the judge reduced the fees to meet the market rate for the services.Lantah was also awarded....
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Toncoin (TON) roared higher on Monday, climbing about 11% and pushing above roughly $2.30 earlier in the day before cooling slightly. The jump came after Telegram founder and CEO Pavel Durov announced that The Open Network’s native token will be renamed from Toncoin to “Gram” over the next three weeks. TON Shift To ‘Gram’ Durov said the rebranding is more than marketing. “TON’s native currency is becoming Gram,” he wrote, adding that “Gram was the original name of TON’s currency in the first white paper.” In his message, he described the move as a return to the network’s roots....
Telegram's TON saga seems far from over, as a disgruntled investor seeks compensation. Da Vinci Capital, a major investor in Telegram’s $1.7 billion initial coin offering, has reportedly requested compensation for the failed launch of the Telegram Open Network, or TON.Investors at Da Vinci Capital reportedly sent a letter before claim to Telegram CEO Pavel Durov, stating that the fund is planning legal action against TON Inc. and Telegram, Forbes Russia reports Monday.Citing anonymous sources close to Da Vinci, the report states that the fund has demanded $100 million incompensation from....
Toncoin’s native token has rebranded to ‘Gram’ as part of the latest step in Pavel Durov’s “Make TON Great Again” roadmap. Toncoin’s Native Token Is Now Called Gram In a new post on Telegram, Pavel Durov has shared details related to a rebranding of the native token of the Toncoin network. The asset is set […]
The TON blockchain created by Telegram co-founder and CEO Pavel Durov is promising big things will happen this year, setting itself a goal that no other blockchain has yet been able to achieve – it’s aiming for nothing less than mass adoption. TON was created by Durov and his brother Nikolai back in 2017. It’s one of the most ambitious blockchain projects of all and all the more so when we consider its tumultuous past. Designed to be vastly superior to Bitcoin and Ethereum in terms of speed and scalability, TON got off to a good start, raising almost $1.7 billion from investors....
The Telegram founder has revealed that the Toncoin network is set to see its transaction fees drop by sixfold in one week’s time. Toncoin To Drop Transfer Fees As Part Of MTONGA In a new post on X, Telegram founder and CEO Pavel Durov has shared that the Toncoin network will undergo a change related […]