Telegram, a globally renowned instant messaging app, is considering a significant move towards an initial public offering (IPO) in the United States. This decision comes in the wake of a surge in its user base, which has now surpassed the 900 million mark.
CEO Pavel Durov revealed that Telegram has generated "hundreds of millions of dollars" in revenue since the introduction of advertising and subscription services two years ago. This revenue surge brings Telegram closer to profitability, with Durov expressing hopes for achieving profitability either this year or the next.
Telegram has garnered a valuation exceeding $30 billion from potential investors. The company has previously secured approximately $20 billion in debt financing through various bond issuances. Notably, holders of these bonds will have the option to convert their high-yield unsecured debt to equity at a discount of 10% to 20% if Telegram goes public before the end of March 2026.
In addition to Telegram's IPO considerations, the associated blockchain platform, TON, experienced a remarkable surge of over 25% following the announcement. Pavel Durov had previously announced collaboration between TON and Telegram in advertising revenue payments.
Telegram introduced new enterprise features this week, enabling users to convert personal accounts into business accounts. These accounts offer functionalities such as location addition, opening hours, color-coded chat grouping, automated greetings, and quick response shortcuts.
Telegram's CEO hinted at further enhancements to Telegram Business accounts, including the integration of AI-driven chatbots to revolutionize customer interactions. Additionally, developers can anticipate the release of a new Bot API later this month.
TON, developed initially by Telegram and now maintained by the TON Foundation and TON Core Team, has positioned itself as a high-performance, sharded blockchain. Notably, TON set a Guinness World Record by achieving 104,655 transactions per second (TPS) under real-world conditions, outperforming competitors like Solana and BNB Chain.
Microcosm Labs, a startup focusing on the TON ecosystem, sees immense potential in TON's integration with Telegram. They believe that TON can replicate the success of WeChat by combining social networking with financial services, potentially surpassing WeChat's limitations in global expansion due to geopolitical challenges.
Despite acknowledging challenges, Microcosm Labs remains optimistic about TON's future and invites entrepreneurs and investors to participate in shaping its ecosystem. They envision TON becoming a cornerstone for various applications, including gaming, social integration, and financial services, leveraging its seamless integration with Telegram.
Cryptocurrency market sees mainstream adoption surge amid Bitcoin halving and BTC ETFs buzz. Whales diversify into promising altcoins like Toncoin, Cardano, Arbitrum, and Mollars, anticipating significant gains.
EdmundToncoin [TON] emerges as strong competitor to Bitcoin [BTC] in Layer 1 Network. Toncoin outperforms BTC with 160% gain, higher active addresses. Despite surge, trader sentiment sours, contrasting Bitcoin's positive sentiment.
EdmundNotcoin's mining token launch spikes TON borrowing rates to 365%. OKX rules: pledge TON for returns. Despite costs, miners eye high returns. Disparity in rates suggests arbitrage potential. TON sees 5.8% surge.
Huang BoToncoin (TON) has surged in value due to the upcoming launch of Notcoin (NOT) on 16 May, supported by major exchanges like OKX, Bybit, and Binance, signaling significant excitement in the crypto community. With institutional investment, partnerships, and integration with popular platforms like Telegram, Toncoin's potential for further growth in the Web3 space is promising.
JoyTON and Dogecoin showcase robust growth in the cryptocurrency market, with significant increases in non-empty wallets. TON's meteoric rise, fueled by partnerships and integration with Telegram, places it among the top cryptocurrencies, while Dogecoin's recent bullish trend prompts speculation of a potential surge to $1.
Xu LinPantera Capital's investment in TON, fueled by Telegram's vast user base, signals optimism for TON's role in mainstream crypto adoption. Challenges remain, but with Pantera's backing, TON aims to become a widely embraced blockchain network in the near future.
JoyValour updates VDAB10 ETP basket: Adds Shiba Inu and Toncoin, removes Polkadot and Tron. Reflects market shifts and regulatory compliance. Demonstrates commitment to transparency and innovation in digital asset investment.
Huang BoElon Musk's transformation of Twitter into the "everything app" X includes integrating cryptocurrency for seamless financial transactions, but faces regulatory challenges in Australia due to content issues, shaping the future of social media and finance.
WeatherlyTelegram's integration of Tether onto its TON blockchain opens up global payment possibilities for its 900 million users, potentially transforming it into a WeChat-like platform for the West, while raising questions about TRON's future with Tether.
AnaisToncoin (TON) has surged over 112% in the past month, driven by a $115 million incentive program and the popularity of Notcoin, a Play-to-Earn game. Recent hints at an IPO by Telegram's co-founder have further fueled TON's meteoric rise, reaching a new all-time high of $7.65 in April 2024.
WeatherlyDominic Williams, founder and chief scientist of DFINITY Foundation, delivered a speech titled “AI is a smart contract — why? how?”
JinseFinanceTelegram bot Maestro, known for providing crypto trading tools for traders directly on Telegram has been compromised with more than $500k stolen
AaronMuch like most scams, including the one that compromised Etheruem founder Vitalik Buterin's account, it aimed to create a sense of urgency among SHIB enthusiasts by claiming that the alleged airdrop had limited availability.
SnakePavel Durov says Telegram is near profitability compared to rival Twitter and Snap.
cryptopotato
Coinlive The messaging app is pushing ahead with its buildout of crypto infrastructure.
OthersTelegram Founder Pavel Durov has come up with an idea that millions of the service's usernames and addresses can be ...
BitcoinistTelegram announced that the anonymous account's claims are “baseless” and are made to "get users to download malware."
CointelegraphIn a message to the ASX Pump Organization on Telegram, ASIC said: "Joint pumping up shares is illegal. We can see all trades and use trader identities."
CointelegraphAfter a TON ecosystem fund raised $250 million from a host of mainstream entities such as Huobi, Kucoin and MEXC, TON’s global adoption seems to be rapidly increasing.
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