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- 2024-06-05
2024-06-05
Fernando Fierro
June 05, 2024
Howdy folks,
🌍📉 Worldcoin has paused all operations in Spain following an order from the Spanish Agency for Data Protection (AEPD).
The investigation, focusing on Worldcoin’s data handling practices, adds to the firm’s ongoing regulatory challenges, having already exited Hong Kong for similar reasons.
Despite these issues, Worldcoin’s native token price remains stable at around $4.7.
In other news:
📈💸 U.S. spot Bitcoin ETFs saw a massive $887 million inflow on June 4, their second-highest since launch.
Bitcoin’s price surged past $71,000, marking its longest daily increase streak in three months. Grayscale’s GBTC fund also enjoyed rare inflows, hinting at renewed investor interest.
💰🕵️♂️ Epoch Times CFO Bill Guan is facing charges for laundering $67 million through crypto purchases. The indictment alleges his involvement in a fraudulent scheme that boosted the organization’s revenue significantly.
This case adds to the growing list of high-profile crypto crimes, despite an overall drop in crypto-related criminal activity.
📊🚀 Bitcoin’s potential to soar amid banking instability is under the spotlight again.
The FDIC reports significant unrealized losses in the U.S. banking sector, raising concerns about economic stability. Some industry figures speculate BTC could hit $1 million if a banking crisis prompts a flight to safety, though this remains a contentious claim.
DailyCoin Daily Meme
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