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Crypto news 5

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1. Telegram Maintains Gram is not a Security, Urges Court to Deny SEC Action
The United States Securities and Exchange Commission (SEC) seems set on making an example of Telegram, but the fight is far from over. 

2. Bruno Le Maire Insists He Cannot Support Facebook’s Libra
Since the social media giant Facebook announced its plan to launch its digital currency Libra, it has received lots of negative criticism from the likes of Donald Trump and Olaf Scholz, indicating that those in positions of power are uncomfortable with a competing currency from a private enterprise that may potentially have the ability to usurp traditional regulation. 

3. Bank of America Plays Ripple Project Close to Chest
Bank of America has been keeping its blockchain contingency plans under wraps for the better half of a decade. According to a tweet from CoinDesk’s Nick Carmillo, B of A has been quietly testing Ripple’s distributed ledger technology.

4. Blockchain-Powered Farm to Plate Portal to Mitigate Recalls
Farm to Plate, a blockchain-enabled provenance tracking portal by Paramount Software Solutions, is set to address the challenge of recalls witnessed in the food & beverage sector. 

5. Xpring Invests in Towo Labs To Develop Software for XRP Hardware Wallet
Xpring, Ripple’s investment arm, and tech incubator announced in a recent report that it has invested in Towo Labs, a Swedish cryptocurrency self-custody startup, to develop a software that will support XRP on a hardware wallet.
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