Messaging service Telegram said on Tuesday it is abandoning its blockchain platform Telegram Open Network (TON) after a lengthy battle with the U.S. Securities and Exchange Commission (SEC). “Today is a sad day for us here at Telegram. We are announcing the discontinuation of our blockchain project,” wrote Pavel Durov, the founder and chief executive of Telegram, on his channel. A U.S. court made it impossible for the messaging service, used by more than 400 million users, to continue development of Telegram Open Network, he wrote in a blog post. “How?…
