Telegram's cryptocurrency, Toncoin, has seen a significant increase in value, contributing to the company's revenue spike. Despite legal issues surrounding its founder, Pavel Durov, Telegram's financial success continues. In the first half of 2024, the company earned $525 million, with advertising revenue doubling and premium subscriptions generating substantial income. However, Durov's arrest in August 2024 caused a temporary dip in Toncoin's value. Despite legal challenges in Italy and France, Telegram remains resilient, focusing on compliance and content moderation. With plans for an IPO in 2026, Telegram aims to diversify its revenue streams beyond advertising. The company's growth is evident, with over 950 million monthly active users, positioning it as one of the most widely used messaging apps globally. Telegram's strategic use of crypto assets, such as bond repurchasing, reflects its commitment to financial stability amidst market volatility. Read more AI-generated news on: https://app.chaingpt.org/news