The U.S. Treasury is proposing to embed identity verification (KYC/AML), potentially using biometrics, directly into the code of DeFi smart contracts.
🧵A thread on why this is a catastrophic threat to freedom.
#DeFi #KYC #AML

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Bitcoin at Block – the Bitcoin project of Block , the company founded by Twitter co-founder Jack Dorsey – has just announced the launch of a free Bitcoin Faucet, marking the return of the Bitcoin distribution model...

Jack Dorsey announces a $1 million project to give away free Bitcoin.

MicroStrategy founder Michael Saylor asserts that Bitcoin has won the global narrative war, specifically naming BIP- […]
The article, "Michael Saylor Warns BIP-110 is the Biggest Threat to Bitcoin; Four-Year Cycle is Dead, Institutional Capital is the Real Protagonist," was first published on BlockTempo, the most influential blockchain ABMedia media.

Michael Saylor warns that BIP-110 is the biggest threat to Bitcoin; the four-year cycle is dead, and institutional capital is the real protagonist.

Chainlink has released 17.875 million LINK tokens valued at approximately $165 million in its scheduled quarterly unlock, according to on-chain data.
Of the newly unlocked supply, 14.875 million LINK,...

Massive Chainlink Token Unlock Sparks Sell-Off Fears

Crypto promised to make citizens sovereign over their money.
This proposal does the opposite: it's the foundation for a social credit system where assets can be censored, frozen, and automatically taxed without due process.
#Web3 #CryptoNews