Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale – TechCrunch

Cryptocurrency’s 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 Telegram’s blockchain. The move from the SEC follows the continued dissolution of the corporate alliance that was supporting Facebook’s…