Telegram Bombshell, Zuckerberg to Testify, Ripple Row: Hodler's Digest, Oct 7-13

Hodler's Digest will help you track every single important news story that happened this week.

Top Stories This WeekU.S. SEC deems $1.7 billion Telegram offering illegal, orders haltIn what may be the highest-level action it has ever taken, the SEC has halted the $1.7 billion digital token offering for Gram tokens.

The SEC alleges that the tokens were unlawfully sold - and claims U.S. markets would have been flooded with the digital currency if nothing was done.

Zuckerberg to testify before Congress regarding Libra stablecoinGet the popcorn in - it looks like we're going to have another blockbuster showdown in Washington.

Wednesday brought the news that Mark Zuckerberg is going to testify in front of the House of Representatives Financial Committee on Oct. 23.

Class action accuses Tether and Bitfinex of market manipulationFacebook isn't the only one facing drama in New York's courts this week.

The founding partner of Roche Freedman, Kyle Roche, says the class-action lawsuit accuses the stablecoin firm and crypto exchange of defrauding investors, manipulating markets and concealing illicit proceeds.

"Our emergency action today is intended to prevent Telegram from flooding the U.S. markets with digital tokens that we allege were unlawfully sold."

"Because the market believed the lie that one USDT equaled one U.S. dollar, Bitfinex and Tether had the power to, and did, manipulate the market on an unprecedented scale to profit from boom-and-bust cycles they created."

Prediction of the WeekTON's value to surpass $20 billion over five years, says new researchIt's prediction time - and this week, we're focusing on the upcoming Telegram Open Network.