Minnesota – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Tue, 29 Jul 2025 23:57:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Minnesota – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Minnesota activates National Guard after St. Paul cyberattack https://earlybirdsinvest.com/minnesota-activates-national-guard-after-st-paul-cyberattack/ https://earlybirdsinvest.com/minnesota-activates-national-guard-after-st-paul-cyberattack/#respond Tue, 29 Jul 2025 23:57:22 +0000 https://earlybirdsinvest.com/minnesota-activates-national-guard-after-st-paul-cyberattack/

St. Paul Minnesota

Minnesota Governor Tim Walz has activated the National Guard in response to a crippling cyberattack that struck the City of Saint Paul, the state’s capital, on Friday.

The city is currently working with local, state, and federal partners to investigate the attack and restore full functionality, and says that emergency services have been unaffected.

However, online payments are currently unavailable, and some services in libraries and recreation centers are temporarily unavailable.

“While many city services remain available, some may be temporarily delayed or disrupted due to limited system access. We appreciate your patience and understanding as we work to bring systems fully back online,” the city says.

The attack has persisted through the weekend, causing widespread disruptions across the city after affecting St. Paul’s digital services and critical systems.

“St. Paul officials have been working around the clock since discovering the cyberattack, closely coordinating with Minnesota Information Technology Services and an external cybersecurity vendor. Unfortunately, the scale and complexity of this incident exceeded both internal and commercial response capabilities,” reads an emergency executive order signed on Tuesday.

“As a result, St. Paul has requested cyber protection support from the Minnesota National Guard to help address this incident and make sure that vital municipal services continue without interruption.”

Cyberattack alert on St. Paul's website
Cyberattack alert on St. Paul’s website (BleepingComputer)

​The decision to deploy cyber protection support from the Minnesota National Guard comes at the city’s request, after the cyberattack’s impact exceeded St. Paul’s incident response capacity.

This will ensure the continuity of vital services for Saint Paul residents, as well as their security and safety while ongoing disruptions are being mitigated.

“We are committed to working alongside the City of Saint Paul to restore cybersecurity as quickly as possible,” Governor Walz said on Tuesday.

“The Minnesota National Guard’s cyber forces will collaborate with city, state, and federal officials to resolve the situation and mitigate lasting impacts.”

Minnesota’s capital city has a population of over 311,000 and is the state’s second-largest city, after Minneapolis.

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]]> https://earlybirdsinvest.com/minnesota-activates-national-guard-after-st-paul-cyberattack/feed/ 0 50395 North Carolina and Minnesota Introduce Legislation to Expand Bitcoin Adoption https://earlybirdsinvest.com/north-carolina-and-minnesota-introduce-legislation-to-expand-bitcoin-adoption/ https://earlybirdsinvest.com/north-carolina-and-minnesota-introduce-legislation-to-expand-bitcoin-adoption/#respond Wed, 19 Mar 2025 20:37:15 +0000 https://earlybirdsinvest.com/north-carolina-and-minnesota-introduce-legislation-to-expand-bitcoin-adoption/

Recently, both North Carolina and Minnesota have introduced legislation aimed at expanding Bitcoin adoption amidst a growing trend among US states to explore cryptocurrency reserves.

In North Carolina, the State Senate has passed SB327, a bill that authorizes the State Treasurer to allocate up to 10% of its public funds into Bitcoin.

North Carolina, Minnesota Explores Bitcoin

According to the update, the bill outlines the important provisions for the management of these funds, such as multi-signature cold storage for custody and monthly audits for proof of reserve, ensuring transparency and security.

Additionally, the bill restricts the sale of Bitcoin to situations of “severe financial crisis,” with strict conditions for such transactions, in a bid to protect the investment while ensuring that the state does not liquidate its Bitcoin holdings prematurely.

Meanwhile, in Minnesota, state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which, interestingly, reflected a shift in his stance on cryptocurrency. Initially skeptical, Miller has expressed his evolving belief in the potential of Bitcoin and other cryptocurrencies, particularly after engaging with constituents and conducting further research, according to a statement.

Senator Miller said,

“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical, to learning more about it, to believing in Bitcoin and other cryptocurrencies. I believe global digital currencies are here to stay and it’s inevitable that they become more and more mainstream. Crypto is a versatile digital asset that can be used in multiple ways, including as investments, global currency, or a hedge against inflation.”

The proposed legislation is designed to allow the Minnesota State Board of Investment to include Bitcoin and other cryptocurrencies in its portfolio alongside traditional assets. Additionally, the bill would enable Minnesota state employees to add Bitcoin to their retirement accounts and provide them with more investment options.

The legislation also gives Minnesota residents the ability to pay state taxes and fees using Bitcoin, following the example set by other states like Colorado and Utah, which have already adopted similar measures. To top that, gains from Bitcoin and other cryptocurrencies would be exempt from state income taxes, thereby offering additional incentives for residents to embrace digital assets.

US States Pushing Bitcoin Reserves

This shift in policy reflects broader trends across the country, with 23 states now proposing or having already passed Bitcoin reserve legislation. The push for state involvement in Bitcoin comes on the heels of federal proposals such as Senator Cynthia Lummis’ Strategic Bitcoin Reserve Act, which aims to establish a federal reserve of 1 million Bitcoin.

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