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Cryptocurrencys bad day continues as the SEC blocks Telegrams $1.7 billion planned token sale

Cryptocurrencys bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegrams blockchain.
The move from the SEC follows the continued dissolution of the corporate alliance that was supporting Facebooks planned Libra cryptocurrency.

EBay, Stripe and Mastercard drop out of Facebooks Libra Association
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