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Da Vinci vs. Durov, SEC vs. TON and Musk

  • Durov
  • TON
  • Sec
  • Musk
News list

Investors threaten Durov with a lawsuit. The SEC to investigate Musk’s tweets. China vs. mining.

Investors Threaten Durov With A Lawsuit

Not only The U.S. Securities and Exchange Commission did not allow Pavel Durov and his associates to launch such a widely advertised crypto- project TON, but now the investors, participating in the ICO, are planning to file a lawsuit against TON Inc. and Telegram Inc., demanding about $100 million from Durov and his associates.

So far, only the investors of the Da Vinci Capital are threating to file a lawsuit. They promise to start a case against TON, if they won’t get back their funds within two weeks.

According to the insider sources from Telegram, investors would be satisfied with a much smaller amount of compensation - $20 million. There are no official comments from both parties yet. Telegram’s management remains silent, as do representatives of the Da Vinci Capital fund.

Investors Threaten Durov With A Lawsuit

The SEC To Investigate Musk’s Tweets

And again the name of Elon Musk is all over the internet. More precisely, his tweets devoted to the Dogecoin cryptocurrency meme.

The SEC suspected Musk of deliberately influencing the cryptocurrency value with social media posts. There are also rumors about Musk’s offers to pay Dogecoin owners to stop the project and give up their brainchild.

There is nothing new about The Securities and Exchange Commission turning their attention to the social media publications on the account of the scandalous millionaire. Previously, the SEC had already suspected fraud on Elon after his controversial remarks about the Tesla buyout and the availability of guaranteed financing for this purpose.

The SEC To Investigate Musk’s Tweets.

China vs. Mining

The authorities of China’s Inner Mongolia province are serious about limiting mining in the region. A ban on crypto mining would help fulfill the country’s state plan to conserve energy resources for the next five years.

There is a complete ban on mining and the construction of new crypto mining farms until April of this year. Similar initiatives have come from the China’s authorities before, and mining was on the edge of being completely shut down, but then this activity was excluded from the list of unsafe for environment.

For now, the government of Inner Mongolia is once again concerned about the region’s elevated carbon dioxide emission rates and wants to reduce them. So it was decided to collect comments from the public on the issue and make a final decision.

China vs. Mining

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