Keeping abreast of the latest and most recent crypto news is today an essential requirement to understand the crypto world.
This week highlights information of interest about the crypto world, which allows us to have the capacity and minimum tools to give a reasonable opinion and make informed decisions. The five most relevant news are the following:
- Voyager could start returning the funds to its creditors.
- The Kingdom of Bhutan has been mining Bitcoin for several years.
- Montana Governor in favor of crypto mining.
- Mastercard has announced the Mastercard Crypto Credential.
- Robert Kennedy Jr. criticizes the increase in the tax on crypto mining.
Voyager Could Start Returning Funds to Its Creditors
According to the Official Committee of Unsecured Creditors (UCC), Voyager Digital’s creditors could start receiving their funds very soon. Indicating, that it is in the final stages of the bankruptcy liquidation proceedings.
Voyager must file the liquidation proceedings with the United States Bankruptcy Court, having ten days to file any objection to the liquidation proceedings. Then, if there is no objection, “Voyager will carry out the plan.”
The Kingdom of Bhutan Has Been Mining Bitcoin for Several Years
Bhutan, hidden among the valleys and mountains that make up the Himalayas, is one of the smallest countries in the world. Their economy is mainly based on tourism, but for years they have been working on a very particular source of resources: Bitcoin mining.
Indeed, it has been the local media The Bhutanese which has confirmed the news, stating that the Kingdom of Bhutan has mainly mined Bitcoin (BTC), besides a small amount of Ethereum (ETH), as part of its financial strategy.
The CEO of Druk Holding and Investments (DHI), Dasho Ugen Chencho, stated that the company had started mining with the price of Bitcoin above $5,000.
Montana Governor in Favor of Crypto Mining
Greg Gianforte, the governor of Montana, has signed into law SB178, which is in favor of cryptocurrency mining, protecting the industry from potentially restrictive regulations. Specifically, the new law not only protects the crypto mining industry but also addresses a key issue in the use of crypto assets as a means of payment. The legislation prohibits the application of taxes to transactions made in Bitcoin and other cryptocurrencies.
Mastercard Has Announced Mastercard Crypto Credential
Mastercard has announced Mastercard Crypto Credential, a cross-border service designed to ensure that transactions between wallets are verifiable. During his presentation at Consensus 2023, Raj Dhamodharan, product executive of Digital Assets and Mastercard Associations, announced that the company will launch a service designed to guarantee that transactions between user wallets are verifiable and comply with the rules, starting with transfers of digital assets between countries.
Mastercard Crypto Credential is the firm’s new platform that aims to provide a foundation for financial institutions, governments, brands, and crypto players, ensuring that those interested in interacting through Web3 environments comply with the standards defined for the types of activities that they would like to do.
Robert Kennedy Jr. Criticizes Crypto Mining Tax Increase
The candidate for the White House and nephew of former President John Kennedy stated that he was against the insistence of the President of the United States, Joe Biden, to impose taxes of up to 30% on the electrical energy used by Bitcoin miners. According to a tweet he posted on May 3, “It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere.”
By Audy Castaneda
