Maggie Hassan wants agencies to look into the use of crypto in ransomware
US Senator Maggie Hassan has written to different federal agencies to take more action against the illegal usage of digital assets. Senator Maggie Hassan, a Democrat, is the latest to express alarm about the use of Bitcoin to pay for ransomware attacks. On September 16, a member of the Senate Homeland Security and Governmental Affairs […]
Korean Finance Minister plans to fight moves delaying the crypto tax code
The South Korean ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister Hong Nam-Ki is not having it and considers the delay unnecessary. Despite advances this week by the dominant Democratic Party to postpone the controversial crypto tax legislation to 2023, South Korea’s Minister of Strategy and […]
Estonian DeFi platform Minterest protocol raises $6.5m
DeFi lending platform Minterest just raised $6.5 million from a fundraiser, the platform aims to channel all fees, interest, and revenue back into the protocol for its users. A number of venture capital firms, including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital, and others, contributed to the private financing round. The Estonian team plans […]
Bitcoin developer Satoshi Nakamoto’s statue goes up in Hungary
Visitors to Budapest’s Graphisoft Park may now see a bronze statue of famed Bitcoin developer Satoshi Nakamoto. The statue is to encourage people to keep on dreaming big. András Gyrfi, the co-founder of the statue project and editor of crypto news site Kripto Akademia, addressed a crowd of journalists and Hungarian locals on Thursday before […]
US Treasury Department is keen on stablecoin crackdown
The US Treasury Department is still planning a stablecoin crackdown, although, stablecoin Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively. The US Treasury Department is preparing a review that will focus on the issues created by stablecoin redemptions as well as the impact of a prospective run […]