The United States is following El Salvador's playbook — Web3 exec
“I think the regulatory body of El Salvador and the regulatory body of the United States will talk a lot,” Michele Crivelli said.
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The Financial Action Task Force (FATF) has a plenary meeting scheduled on June 24 to assess the progress of Virtual Asset Service Providers (VASPs) worldwide in enforcing the organization’s “travel rule”.According to Pawel Kuskowski at Forbes, the FATF meeting will be held virtually in two weeks to discuss the organization’s guidelines intended to make VASPs…

US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
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Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether
The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses.

How adoption of a decentralized internet can improve digital ownership
Known as Web2, the current iteration of the internet emphasizes creating and distributing user-generated content. Websites like YouTube, social media apps like Instagram and Twitter, news sites, personal blogs and more make up a large part of the internet.Web2 is a step up from Web1, which was mainly a read-only web version filled with simple…

Breaking: Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment tech company and USD Coin (USDC) issuers Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserves at Silicon Valley Bank (SVB). Concerns have been growing over USDC late this week due to Circle disclosing in…

ConsenSys-Backed Kaleido Launches B2B Tech Stack With ‘Plug-and-Play’ Features
Kaleido has launched a new business-to-business (B2B) tech stack with a view to helping companies “reinvent their core payment systems and supply chains,” according to a news release obtained by Cointelegraph on May 15.The ConsenSys-backed company said the stack brings together the necessary tools and technologies that businesses need to build modern networks delivering operational…

Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.

Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
While mainstream media generally remains cautious against Bitcoin, current fiat debacles left outlets with no choice but to recognize BTC’s standout performance. 285 Total views 17 Total shares Despite USD bringing an onslaught to stocks, commodities and its rival currencies, BTC holds steady at the $19,000 to $20,000 mark, leaving mainstream media no choice but…