Telegram Doubles Amount Raised in ICO to $1.7 Billion
Messaging app provider Telegram has raised a second $850 million in its ongoing token sale, according to a new filing with the SEC.
Since SAFT came into to use last year, the number of companies reporting to the SEC to work in this framework has increased, CoinDesk finds.
Newly published public documents indicate that one of the co-founders of LinkedIn is raising as much as $20 million in a SAFT sale.
"This is the first time anyone has ever scaled proof-of-work," said Kadena co-founder Will Martino.
A startup with the aim of building a private, peer-to-peer browser using cryptocurrency has told the SEC it plans to hold a $125 million SAFT.
There is little guidance from the IRS on how to treat a token offering or SAFT for tax purposes. Determining how to do so is a fact-intensive process.