El Salvador’s national Bitcoin chief has been orange-pilling Argentina
The head of El Salvador’s new crypto commission started his Bitcoin journey in 2013 and continues it today.
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Telegram issues official statement on Pavel Durov detention
The Telegram team said, “Telegram’s CEO Pavel Durov has nothing to hide and travels frequently in Europe.”

Crypto Biz: A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push
Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight. Binance denies the claims, suggesting another court battle…

Bitcoin ‘Bart Simpson’ returns as BTC price dives 7% in hours
Bitcoin (BTC) firmly recommitted to its trading range on June 7 after a fresh move higher was met with a swift sell-off.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Some of the best chop we’ve seen”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rejecting decisively at resistance it last encountered on June 1.The pair had delivered…

US gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023
Commentators believe that Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again.The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative tightening (QT) ending to avoid a “catastrophic debt crisis.”Analyst: Fed will have “no choice” with rate cutsThe U.S. Federal Reserve…

American Blockchain Dream in Sight, but the Chase Not Over Yet
As blockchain adoption continues to garner mainstream traction across the private sector, an increasing number of government agencies are too looking to explore the potential of the technology. For example, the United States Food and Drug Administration recently released an elaborate blueprint as to how it plans to deploy blockchain for food safety-related purposes.According to…

SEC moves its former top crypto cop Tenreiro to IT office: Report
The Securities and Exchange Commission has reassigned its top litigator to the agency’s computer management office, The Wall Street Journal reports.

Binance denies blame in $230M WazirX hack, urges user repayments
Binance urged the WazirX team to take accountability for the hack, and compensate users for the loss of funds.

DeFi protocol Aave encounters major capital flight
Total value locked on the decentralized borrowing and lending platform fell 16% in the past 24 hours. 448 Total views 22 Total shares Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At…