National – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 23 Aug 2025 23:31:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.10 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 National – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Philippines lawmaker introduces legislation to acquire 10,000 Bitcoin for national security reserve https://earlybirdsinvest.com/philippines-lawmaker-introduces-legislation-to-acquire-10000-bitcoin-for-national-security-reserve/ https://earlybirdsinvest.com/philippines-lawmaker-introduces-legislation-to-acquire-10000-bitcoin-for-national-security-reserve/#respond Sat, 23 Aug 2025 23:31:38 +0000 https://earlybirdsinvest.com/philippines-lawmaker-introduces-legislation-to-acquire-10000-bitcoin-for-national-security-reserve/

A Philippine lawmaker has introduced a measure that would require the central bank to build a strategic Bitcoin reserve, marking one of the most ambitious crypto policy proposals in Southeast Asia.

Representative Migz Villafuerte filed the “Strategic Bitcoin Reserve Act” in June, calling for the country’s central bank, Bangko Sentral ng Pilipinas (BSP), to purchase 2,000 Bitcoin (BTC) annually over five years.

At current prices, the plan would cost more than $1.1 billion and establish a 10,000 BTC reserve locked in trust for at least two decades.

Bid for financial security

The proposal outlines a “Bitcoin Purchase Program” that would make the BSP a long-term holder of the digital asset. The reserve would be barred from being sold or transferred except in cases of retiring government debt.

Villafuerte described Bitcoin as a modern strategic asset that could diversify the nation’s balance sheet and enhance financial security, likening it to digital gold.

The measure would also require the central bank to introduce a proof-of-reserves system, with quarterly public disclosures detailing holdings, transactions, and custody arrangements.

Global context

If enacted, the Philippines could surpass El Salvador’s 6,276 Bitcoin holdings and rival Bhutan, which owns about 10,565 coins.

El Salvador has led global adoption since declaring Bitcoin legal tender in 2021, while Bhutan’s sovereign investment arm has quietly accumulated large reserves.

At current levels near $116,850 per coin, the Philippines’ proposed reserve would represent a substantial sovereign commitment to Bitcoin, positioning the country among the world’s largest state-level holders.

The bill faces congressional debate in the months ahead as policymakers weigh the risks and potential benefits of tying a portion of the nation’s financial future to the volatile crypto market.

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Bitcoin Hyper Gets Ready to Launch as Brazil, Indonesia Discuss National Bitcoin Reserves https://earlybirdsinvest.com/bitcoin-hyper-gets-ready-to-launch-as-brazil-indonesia-discuss-national-bitcoin-reserves/ https://earlybirdsinvest.com/bitcoin-hyper-gets-ready-to-launch-as-brazil-indonesia-discuss-national-bitcoin-reserves/#respond Wed, 06 Aug 2025 07:45:33 +0000 https://earlybirdsinvest.com/bitcoin-hyper-gets-ready-to-launch-as-brazil-indonesia-discuss-national-bitcoin-reserves/

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Brazil and Indonesia conduct meetings with their local stakeholders, adding themselves to the growing list of countries looking to build their own national Bitcoin ($BTC) reserves.

Others include:

Crypto adoption at the highest levels of power, and globally speaking, means the industry is bigger than ever before. More institutional and retail investors are seeing the appeal.

And that’s where projects like Bitcoin Hyper ($HYPER) come into play. An innovative Layer-2 for Bitcoin, the presale has already raised over $7.2M and whales are rushing to buy.

Brazil, Indonesia Conduct Stakeholder Meetings on Bitcoin

Bitcoin Indonesia, Asia’s largest Bitcoin community, revealed via a post on X yesterday that it met with Indonesia’s Vice-President to discuss the country’s potential Bitcoin strategy.

Bitcoin Indonesia post on X.

During the meeting, community leaders proposed Bitcoin mining as a national reserve strategy. They shared Michael Saylor’s $BTC price prediction for 2045 ($17.6M by 2045), which will coincide with Indonesia’s 100th year of independence.

According to Bitcoin Indonesia’s post, the Vice-President was bullish on the ideas they presented. Even during global volatility, Bitcoin can be a save haven of long-term financial stability, they argued.

Let’s also not forget that many US investors and institutions are starting to use Bitcoin as a hedge against the impending inflation in the country.

While this is still early stage planning from Indonesia, we’re seeing this trend continue grow as more countries explore this strategy.

That includes Brazil, which will meet with citizens on August 20 to discuss the establishment of a national strategic Bitcoin reserve.

It’s the first-ever crypto public hearing in the country after the introduction of a bill in November 2024. The bill called for the diversification of Brazil’s assets to include Bitcoin and other cryptocurrencies.

Several key figures will attend the meeting, including Diego Kolling, CEO of Bitcoin Strategy at Méliuz, and Rudens Sardenberg, Chief Economist at the Brazilian Federation of Banks.

This shows crypto is receiving attention from the highest levels of authority in Brazil. And this can only increase hopes for crypto-positive legislation in Brazil in the near future.

With so many countries gunning for Bitcoin and crypto, we foresee a bigger influx of investors looking for investment opportunities.

Bitcoin Hyper ($HYPER) is one project that might ride the hype wave due to its unique utility promises. Let’s discuss it below.

Bitcoin Hyper: Delivering the Next Phase of the Bitcoin Ecosystem

While there’s no toppling Bitcoin’s status as the number one cryptocurrency, the blockchain is currently plagued with issues that hinder its growth.

These include slow transaction speeds (7 transactions per second), high fees, and limited scalability. These are understandable, though, since $BTC is the first of its kind, but it’s also true that a lot has changed in the crypto landscape since its launch in 2009.

And modern times require modern solutions, as they way. The Bitcoin blockchain is arguably behind the times, especially given its lack of support for dApps and smart contracts.

This is where Bitcoin Hyper ($HYPER) comes in.

It’s a project aiming to develop a Bitcoin Layer 2 that will add Solana-level speeds, low transaction fees, and expanded capabilities to the Bitcoin ecosystem.

Some of these include support for GameFi, marketplaces, DAOs, and even NFT infrastructures (aside from dApps and smart contracts).

Bitcoin Hyper Layer 2.

The project has gained a lot of traction since its token presale began in May, and has already raised over $7.2M, making it one of the best presales of 2025.

To support Bitcoin Hyper, you can buy its native $HYPER tokens via its official website. Each one only costs $0.01255, which makes this one of the best low cap coins in August.

Alternatively, you can stake your tokens for 148% APY. When combined with our Bitcoin Hyper price prediction at $0.32 (+2,450%) for the end of 2025, the profit potential is quite high.

For more information on how you can buy and/or stake your $HYPER tokens, be sure to read our Bitcoin Hyper buying guide.

National Bitcoin Reserve: Coming Soon To a Country Near You?

With Brazil and Indonesia beginning to explore national Bitcoin reserves, it’s safe to say that this trend will spread like wildfire in the coming years.

Thanks to the US government spearheading this initiative, there’s even more pressure for other countries to adapt or risk getting left behind.

Bullish news about Bitcoin’s future is naturally beneficial to Bitcoin Hyper ($HYPER) and other related projects too. That’s because they’ll help pave the way for the world’s most valuable crypto to become more important than ever before.

Remember to do your own research before you invest. This is not investment advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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Indonesian officials eye Bitcoin mining for national reserves after key meeting https://earlybirdsinvest.com/indonesian-officials-eye-bitcoin-mining-for-national-reserves-after-key-meeting/ https://earlybirdsinvest.com/indonesian-officials-eye-bitcoin-mining-for-national-reserves-after-key-meeting/#respond Wed, 06 Aug 2025 07:11:14 +0000 https://earlybirdsinvest.com/indonesian-officials-eye-bitcoin-mining-for-national-reserves-after-key-meeting/

Indonesia has opened discussions on integrating Bitcoin (BTC) into its national reserves following a high-level meeting between the Vice President’s office and Bitcoin Indonesia, Asia’s largest BTC community.

The meeting marked a pivotal moment in Indonesia’s evolving approach to digital assets, as officials explored the potential role of Bitcoin in strengthening long-term economic resilience.

Among the ideas discussed were the use of Bitcoin mining as a reserve strategy and the benefits of holding BTC as a hedge against inflation and global monetary instability.

Bitcoin as a reserve asset

Bitcoin Indonesia facilitated the meeting by presenting macroeconomic trends, including changing global reserve strategies, inflationary risks, and increasing crypto adoption among sovereign nations.

Officials reportedly showed interest in further education on the asset class, with some expressing curiosity about projections linking Bitcoin’s value trajectory to Indonesia’s 100th independence anniversary in 2045.

Indonesia’s reserve portfolio currently consists primarily of gold, U.S. dollars, and sovereign bonds. The inclusion of Bitcoin would mark a strategic expansion into digital assets, following in the footsteps of countries like El Salvador and Bhutan, which have incorporated Bitcoin through state-led purchases and mining operations.

Sovereign accumulation

The meeting came as other nations accelerate their Bitcoin strategies after the US established its own Strategic Bitcoin Reserve earlier this year, holding nearly 200,000 BTC it confiscated over the years.

Meanwhile, US states like Texas have furthered plans to establish their own BTC reserves separate from the federal government.

Trailblazer El Salvador holds more than 6,000 BTC, while Bhutan has built one of the world’s largest sovereign Bitcoin positions through mining.

Kazakhstan is reviewing investment plans involving Bitcoin ETFs and blockchain firms, while neighboring Pakistan is looking to direct excess energy to mining Bitcoin and adopt it as a reserve asset.

These developments have prompted Indonesian officials to reassess their reserve mix and consider whether digital assets offer advantages in a shifting global economy.

Presenters suggested that gradual adoption, through limited holdings or mining, could complement existing frameworks without disrupting traditional reserve structures.

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Sydney Sweeney’s American Eagle campaign: How the ads became a national conversation https://earlybirdsinvest.com/sydney-sweeneys-american-eagle-campaign-how-the-ads-became-a-national-conversation/ https://earlybirdsinvest.com/sydney-sweeneys-american-eagle-campaign-how-the-ads-became-a-national-conversation/#respond Sat, 02 Aug 2025 03:00:40 +0000 https://earlybirdsinvest.com/sydney-sweeneys-american-eagle-campaign-how-the-ads-became-a-national-conversation/

Declaring that an actor has great jeans should technically be a boring way to sell denim. And yet, an American Eagle ad featuring Euphoria star Sydney Sweeney and some poorly conceived wordplay has broken everyone’s brains.

Last week, the mall brand unveiled a series of ads featuring Sweeney sporting their fall collection. One video shows her filming herself on the floor with a dog; another depicts her fixing the engine of a car. All of them end with a booming, male voice declaring “Sydney Sweeney has great jeans,” with the copy displayed in large font.

The spots that caught the internet’s ire are arguably the most provocative, each an obvious riff on Brooke Shields’ infamous 1980 Calvin Klein commercial, in which the then-15-year-old actor recites facts about genetics (“certain genes may…fade away,” Shields notes) while posing in the company’s denim. The Sweeney ad plays on the same jeans/genes pun, but in a much clumsier fashion and in a very complicated cultural landscape.

“My body’s composition is determined by my genes,” Sweeney starts in one video that’s since been deleted from American Eagle’s social media. The camera starts to zoom in on her chest before she lightly scolds the operator. “Hey, eyes up here.” In another, she says, “Genes are passed down from parents to offspring, often determining traits like hair color, personality, and even eye color.” The camera pans to Sweeney’s eyes, and she says, “My jeans are blue.”

The same pun is used in a poster that reads “Sydney Sweeney has great jeans” with the word “genes” crossed out above it. It immediately raised questions about the language of the ad, as well as its blonde-haired, blue-eyed messenger: Are we supposed to want pants or Aryan features?

In its most innocent interpretation, it reads as passe in its use of a “conventionally attractive” spokesmodel. Many, however, have deemed the American Eagle ads a racist dog whistle, some even calling it Nazi propaganda. Meanwhile, voices on the right, including the White House, have celebrated the ads as a middle finger to liberals and “woke.”

The ads are…weird. Why bother buying the jeans if you don’t have the genes it celebrates? Plus, Sweeney’s role in it, given the partisan nonsense she’s been drafted into in the recent past, raises an eyebrow. American Eagle has since clarified its intentions with the ads, stating that the marketing was solely meant to highlight the jeans. “We’ll continue to celebrate how everyone wears their AE jeans with confidence, their way,” read an Instagram statement on August 1. Sweeney has yet to respond.

Regardless, the whole kerfuffle says less about Sweeney herself — or even American Eagle’s marketing team — than about the politically fraught state of media in the US.

A lightning rod on the left and a symbol — voluntary or not — for the right

To comprehend the layers of the controversy, one has to understand the politically charged and paradoxical nature of Sweeney’s image and career thus far.

After landing supporting roles in The Handmaid’s Tale and Sharp Objects, Sweeney received her big break on the HBO teen drama Euphoria in 2019 as self-destructive teenager Cassie Howard. Her role on the show, which often sees her character nude or wearing cleavage-baring tops, has contributed to much of Euphoria’s seedy reputation, while also shaping Sweeney’s bombshell image. The show also helped launch her as an aspiring “prestige” actor; her performance earned critical praise, as well as an Emmy nomination in 2022. She earned an additional nomination that year for her role in HBO’s The White Lotus.

This acclaim was followed by the release of the 2023 romantic-comedy Anyone But You, which she starred in opposite Glen Powell and co-produced. The Shakespeare adaptation was marketed with PR-orchestrated rumors about Sweeney and Powell’s relationship and went on to earn over $200 million globally. By all accounts, it seemed poised to be the next big movie star, with all the makings of a savvy entrepreneur.

Then, around 2024, things started to get strange — and loudly. That year, Sweeney hosted Saturday Night Live. The episode featured several jokes about her breasts, and she wore a low-cut dress during “goodnights.” This elicited multiple op-eds from conservative outlets claiming that Sweeney, and her willingness to participate in gags about her own sex appeal, signaled a return to both a pre-MeToo climate and “traditional” beauty standards. In fact, this wasn’t the first time Sweeney had been linked to conservative ideology, correctly or incorrectly. In 2022, she sparked outrage for photos she posted from her mother’s Western-themed birthday party, which showed relatives wearing MAGA hats and Blue Lives Matter gear in the background. She claimed they were merely ironic costumes, an explanation that failed to quell questions about her political leanings.

Today, the idea that Sweeney might be an undercover agent for MAGA — and voluntary bait for incels — is somewhere between a conspiracy theory and a meme. (No matter that she has supported progressive causes, like Black Lives Matter, appeared at the GLAAD Awards, and said she believes “that a woman has the right to be able to decide over her body.”) Her endorsement work includes brand deals with the country-inspired HeyDude and personal care company Dr. Squatch. By the time she released a soap supposedly made from her own bathwater with the latter company, her critics seemed exhausted by her whole schtick.

“I think her and her camp probably think that they’re playing into [her sexuality] with a wink and a smile and being self-aware about her being consumed as this sex object and that she is in control,” says Garrett Mireles, a New York and Tennessee-based brand strategist and copywriter. “How that’s received in the public eye isn’t as nuanced.”

Mireles says the fact that Sweeney is an actor cast in other people’s work and ideas complicates her ability to control the way her image comes across and who exactly she wants to appeal to.

“Sweeney doesn’t get to control the message as much as a musician does,” Mireles says. “Sabrina Carpenter, for example, is able to exert a sense of humor in her sexuality and to be a little bit more overtly tongue-in-cheek.”

Everything feels like bait in our current culture war

The American Eagle ads felt especially trollish because they seemed to hit on both of the accusations looming over Sweeney’s career: She’s too sexualized, and she’s promoting some sort of right-wing agenda. In this case, the right-coded overtones of the ad — heralding a blonde, white woman’s genes as the epitome of beauty and “goodness” — hit a lot harder.

Any implication of “good genes,” pun or not, would ring alarms in our political climate. Currently, ICE and the Trump administration have undertaken the most aggressive deportation effort in years, including the gleeful construction of an alligator-surrounded detainment center that has been compared to a concentration camp. When talking about crimes committed by immigrants, President Donald Trump has said there are a “lot of bad genes in our country.” Meanwhile, Health Department secretary Robert F. Kennedy has been accused of promoting “soft eugenics” through his proposals to eliminate vaccines and lifesaving health services that would disproportionately impact certain populations.

Outside of politics, pop culture is also feeling a lot more Trump-friendly these days. From country artists dominating the charts from trad-wife content online to celebrities cozying up to the president, it seems like everyone is embracing the reign of MAGA and the tastes of his voter base. This has made every piece of pop culture, from influencers to ad campaigns, fodder for viewing through a MAGA lens. At the same time, the right has made efforts to insert itself into cultural moments and ephemera, from animation memes to superhero-movie discourse. More and more regular people are vigilant about the way pop culture can be used to push political messages. But it can be difficult to know what does and doesn’t deserve our energy and cultural attention.

Still, it’s hard not to feel like we’ve all been effectively “got” by a brand that most of us haven’t thought about since high school, one that has not sparked this much fervent discussion in its entire existence. But even American Eagle might not have put as much thought into the ads as its critics did. Peter Bray, founder and executive creative director at advertising agency Bray & Co, says the American Eagle ad may be more innocent than we assume, the result of a “first thought” concept as opposed to anything intentionally controversial.

“I don’t think in any way this was their intent,” Bray says. “They thought they had a lightbulb moment of creativity and didn’t think about the bigger cultural picture.”

Whether or not it meant it, American Eagle illuminated a winning engagement strategy for the second Trump era: Flirt with the public’s fear (or excitement) about fascism — with the help of Sydney Sweeney.

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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.

Wiz

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This free, editable board report deck helps security leaders present risk, impact, and priorities in clear business terms. Turn security updates into meaningful conversations and faster decision-making in the boardroom.

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Vietnam Rolls Out NDAChain to Power National Digital Identity System https://earlybirdsinvest.com/vietnam-rolls-out-ndachain-to-power-national-digital-identity-system/ https://earlybirdsinvest.com/vietnam-rolls-out-ndachain-to-power-national-digital-identity-system/#respond Fri, 25 Jul 2025 21:01:27 +0000 https://earlybirdsinvest.com/vietnam-rolls-out-ndachain-to-power-national-digital-identity-system/

Vietnam has launched a national blockchain system to support the digital tools and services used across the country.

Known as NDAChain, the platform is designed to help verify transactions and protect sensitive data shared between people, companies, and public agencies.

The National Data Association developed the system and will be managed by the Ministry of Public Security.

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NDAChain uses a combination of centralized and decentralized technology. This setup is meant to improve reliability and reduce the risk of hacking, slowdowns, and problems with connecting to other systems.

At the core of the network are 49 validator nodes. These are operated by both government bodies and major private companies, including SunGroup, Zalo, Masan, MISA, Sovico, and VNVC.

The network has two main goals. First, it will record and confirm digital transactions across areas like government services, finance, healthcare, logistics, and education.

Second, it will support a digital identity system known as NDA DID. This tool allows people and businesses to prove their identity during online interactions without exposing extra personal details.

To make identity checks quick and easy, the government has introduced the NDAKey app. The app allows users to confirm their identity within seconds.

Meanwhile, Thailand’s Securities and Exchange Commission (SEC) has recently sought public feedback on potential changes to its rules for individuals investing in crypto token sales. What did the agency say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs https://earlybirdsinvest.com/russian-ministry-starts-compiling-national-registry-of-crypto-mining-rigs/ https://earlybirdsinvest.com/russian-ministry-starts-compiling-national-registry-of-crypto-mining-rigs/#respond Mon, 07 Jul 2025 00:03:45 +0000 https://earlybirdsinvest.com/russian-ministry-starts-compiling-national-registry-of-crypto-mining-rigs/

Author

Tim Alper

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The Russian Energy Ministry has begun compiling a national registry of crypto mining rigs as it looks to crack down on illegal mining and boost tax revenues.

The state-run newspaper RIA Novosti reported that the ministry is working on the plan with the Federal Tax Service and the Ministry of Digital Development.

The registry, the ministry claims, will serve as a central database of all the equipment used for cryptocurrency mining in the nation.

Crypto Mining Rigs: Russians Must Register Hardware

Russia’s Deputy Minister of Energy, Petr Konyushenko, told RIA Novosti that the ministry has sent its draft document to regions with high levels of crypto mining activity.

A power station in Moscow, Russia.

Konyushenko said the registry will let Moscow “precisely identify” who in the nation is “using electricity to mine cryptocurrencies.”

This will allow regulators and tax officials to ensure miners are complying with mining-related laws. It will also help boost tax revenues, the ministry claimed. Konyushenko said:

“This is a step toward legalizing the industry and reducing illegal energy consumption.”

While legal crypto mining is on the rise in Russia, so too is the illegal sector. Scores of industrial crypto miners are known to be operating all across the country.

Many use illegal connections to power grids. And others use subsidized power intended for residential households to power their data centers.

The database will require all miners to submit rig serial numbers and device models. They will also have to submit details on other mining-related equipment.

The Energy Ministry and the Industry Ministry first proposed creating a national crypto mining equipment registry back in February this year.

A Russian crypto miner shows off his equipment.

Critics Unsure About Ministry Plans

Government officials said a unified registry of “equipment without which cryptocurrency mining is impossible” was needed.

The idea is not without its vociferous critics. These include the lawmaker Anton Gorelkin, one of the architects of Russia’s crypto mining laws. Gorelkin said it was “unclear how exactly this registry will help combat illegal mining.”

He added that Moscow already has the “necessary tools to identify miners who use electricity illegally.”

Legalize Black-market Rigs, Says Lawmaker

The lawmaker also explained that Moscow needed to focus its efforts on helping miners legalize crypto mining equipment bought using sanctions-evading “shadow schemes.”

This would help miners “legalize” mining rigs they buy on the black market and “quickly add them to the registry,” Gorelkin said.

The media outlet RBC reported that officials (including customs officers) are considering issuing an “amnesty” for crypto miners who have “no other choice” than to buy rigs through underground channels in a bid to evade sanctions regimes.

Earlier this month, police in Sayansk announced they had shut down an illegal crypto mining farm fitted with 240 mining rigs. Officers said the farm was using enough electricity to power 2,000 apartments.

Also this month, police in St. Petersburg said they seized an undisclosed number of crypto mining rigs operating in a warehouse in an industrial zone near the iconic Mitrofanievsky Highway.


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Circle Moves to Launch a National Trust Bank After Wall Street Debut — Here’s What That Means https://earlybirdsinvest.com/circle-moves-to-launch-a-national-trust-bank-after-wall-street-debut-heres-what-that-means/ https://earlybirdsinvest.com/circle-moves-to-launch-a-national-trust-bank-after-wall-street-debut-heres-what-that-means/#respond Tue, 01 Jul 2025 04:18:21 +0000 https://earlybirdsinvest.com/circle-moves-to-launch-a-national-trust-bank-after-wall-street-debut-heres-what-that-means/

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Circle, the firm behind the USDC stablecoin, is taking its next big step into regulated finance.

Fresh off a public listing that valued the company at nearly $18b, Circle has filed an application to become a national trust bank in the United States, Reuters reported Tuesday.

If approved by the Office of the Comptroller of the Currency, the new entity, called First National Digital Currency Bank, N.A., would allow Circle to act as a custodian for its reserves and offer secure digital asset services to institutional clients.

However, unlike traditional banks, it would not be permitted to accept cash deposits or issue loans.

Circle Plans Hybrid Reserve Custody Model

Instead, the trust charter would let Circle manage the reserves backing its stablecoin, which include short-term US Treasury bills and cash, currently held at BNY Mellon and managed by BlackRock. Some of these holdings will remain with existing partners even if the new bank becomes operational.

“We’re going from the early-adopter phase of this technology into the mainstream,” Allaire told Reuters. “As a public company, and now, hopefully if we are successful in getting approval from the OCC as a national trust, that will give us a foundation that the world’s leading institutions are going to be comfortable building on.”

Senate Bill Pushes Stablecoin Rules Forward

Circle plans to focus on the custody of tokenized assets such as stocks and bonds on blockchain rails, rather than cryptocurrencies like Bitcoin and Ether. This focus aligns with broader trends, as financial institutions increasingly explore blockchain to modernize traditional markets.

The timing of Circle’s move is significant. Earlier this month, the Senate passed a stablecoin bill that would require issuers to maintain full reserves and disclose them publicly each month. The House is expected to vote on the bill in the coming weeks, and President Trump has signaled support for such regulation.

If enacted, the legislation could legitimize stablecoins in the eyes of more traditional businesses and pave the way for broader use in payments and commerce. Circle, which already plays a central role in the stablecoin market, is preparing to meet that moment with a more regulated and institution-friendly structure.

Wall Street analysts began coverage of Circle this week with mostly upbeat assessments. Firms including Barclays, Bernstein and Canaccord Genuity issued buy ratings, though others like JPMorgan and Goldman Sachs flagged potential valuation concerns following the stock’s sharp post-IPO rise.


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Kazakhstan moves to create a national cryptocurrency with seized digital assets https://earlybirdsinvest.com/kazakhstan-moves-to-create-a-national-cryptocurrency-with-seized-digital-assets/ https://earlybirdsinvest.com/kazakhstan-moves-to-create-a-national-cryptocurrency-with-seized-digital-assets/#respond Mon, 30 Jun 2025 23:04:22 +0000 https://earlybirdsinvest.com/kazakhstan-moves-to-create-a-national-cryptocurrency-with-seized-digital-assets/

As the National Bank of Kazakhstan has confirmed its plans to establish a national cryptocurrency reserve, Kazakhstan is preparing to launch a state-run cryptocurrency reserve. The fund is probably created with seized digital assets and government-related mining operations.

This announcement came from government news agency Kazinform on June 25th, 2025. National Bank Chairman Timur Suleimenoff acknowledged the volatility and risks of the Internet associated with cryptography. However, he argued that by placing cryptographic sanctuaries under centralized facilities, it would ensure proper surveillance and reduce potential risks.

The concept of a national cryptocurrency sanctuary continues to gain global traction, especially after the US created cryptocurrency under Donald Trump.

Explore: 9+ Best High Risk, High Release Crypto Buy in July 2025

Kazakhstan’s cryptocurrency protected areas are processed by the national bank

Importantly, Kazakhstan’s cryptocurrency protected areas are expected to be managed by a subsidiary of the National Bank, which specializes in alternative investments.

Additionally, the cryptographic protected areas could be funded through two major channels, according to official reports. The seized digital assets are the first source of information as authorities plan to use expropriated cryptography. The other is through government-related mining operations. Kazakhstan is known to have a growing crypto mining sector.

Explore: Top 20 Cryptos to Buy in July 2025

President Kassym-Jomart Tokayev is driving urgent expansion of crypto infrastructure

President Kazakhstan Kassym-Jomart Tokayev called for an urgent expansion of the country’s crypto infrastructure during a government meeting. “The order of widespread use of cryptocurrencies and other digital assets has emerged in the financial sector,” President Tokayev said on January 28, 2025.

“The development of artificial intelligence is becoming a fundamental factor, and competition among key technical capabilities is intensifying in this area,” he added. “In these conditions, a clear strategy of action aimed at overcoming the serious challenges of the new era is necessary.”

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

Key takeout

  • Kazakhstan has established a state-run crypto sanctuary that is likely to be funded by seized assets and government mining.

  • Kazakhstan is not just investigating the nation’s potential for crypto-preparation. Around the world, governments are considering crypto preparation, often focusing on Bitcoin as their main asset.

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    ‘An Opening For India’: BJP’s National Spokesperson Calls For Strategic Bitcoin Reserve Pilot https://earlybirdsinvest.com/an-opening-for-india-bjps-national-spokesperson-calls-for-strategic-bitcoin-reserve-pilot/ https://earlybirdsinvest.com/an-opening-for-india-bjps-national-spokesperson-calls-for-strategic-bitcoin-reserve-pilot/#respond Fri, 27 Jun 2025 08:44:23 +0000 https://earlybirdsinvest.com/an-opening-for-india-bjps-national-spokesperson-calls-for-strategic-bitcoin-reserve-pilot/

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    The national spokesperson for India’s ruling party has suggested that the country should explore a Bitcoin (BTC) reserve pilot and proactively work on a regulatory framework for crypto assets to lead the growing industry and strengthen its economy.

    Politician Pushes For Bitcoin Reserve Pilot

    On Thursday, Pradeep Bhandari, the national spokesperson of the Bharatiya Janata Party (BJP), urged the Indian government to explore a Bitcoin strategy to strengthen the country’s economy and project innovation.

    In an article for India Today, Bhandari praised the US efforts to establish a Strategic Bitcoin Reserve, exploring budget-neutral options to expand its holdings without using taxpayers’ money.

    He highlighted the US states’ race to pass crypto legislation and establish reserves. Notably, three states have already passed bills that allow the creation of a BTC reserve, with some, such as Texas, enabling the use of public funds to purchase and hold Bitcoin as a reserve asset.

    Similarly, Arizona recently passed a bill that updated the state’s unclaimed property laws to include Bitcoin and other cryptocurrencies, technically creating Arizona’s first crypto reserve.

    He also noted Bhutan’s crypto strategy, mining BTC using hydropower since 2021, offering a regional perspective. Notably, the South Asian country amassed a $1 billion Bitcoin reserve by May 2025.

    BJP’s national spokesperson considers that the US shift and Bhutan’s strategy invite reflection about how BTC, thoughtfully integrated, could enhance India’s economic toolkit. “For India, observing this offers a lens to assess whether Bitcoin could diversify our reserves, complementing traditional holdings in an uncertain global economy,” the article reads.

    Meanwhile, he suggested that the country, with its renewable energy capacity, could adapt Bhutan’s successful model, which shows that “digital assets can stabilise economies, a point worth considering.”

    Crypto Regulatory Reform: A Must

    According to Bhandari, these measures “reflect a growing recognition of Bitcoin’s potential to bolster fiscal resilience and serve as a hedge in uncertain economic conditions,” adding that these efforts aren’t a “reckless pivot,” but a “calculated step” toward embracing the legitimacy of digital assets.

    Therefore, India stands at “a pivotal juncture,” having the opportunity to lead global markets with a “measured Bitcoin strategy,” like a reserve pilot, to “strengthen economic resilience and project modernity.”

    Nonetheless, he explained that regulation in the country remains pivotal as India’s crypto policy needs clarity to unlock the industry’s potential. Notably, authorities tax crypto assets, but the sector remains highly unregulated.

    BJP’s national spokesperson pointed out that in 2023, India chaired a crypto working group with the International Monetary Fund (IMF) to shape global standards. However, he considers it necessary to “race ahead” like the US and other jurisdictions, instead of pausing for consensus.

    Clear regulation could bring both transparency and the required oversight to this emerging asset class—enabling responsible innovation while protecting a rising investor class.

    He concluded that regulation is essential for “fostering institutional confidence and building a framework where Bitcoin can play a meaningful role in India’s macroeconomic strategy.”

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