Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing

Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing

Patrick McHenry warned lawmakers that they would ultimately fail if they attempted to control decentralized cryptocurrencies. Bitcoin’s (BTC) plight in Congress has seen attention focus mainly on naysayers, but this week’s hearing also saw United States politicians accept it was always beyond their control.‘Governments cannot stop this innovation’During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile.“The world that…

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Ex-Microsoft Employee Arrested for $10 Million Crypto Theft

Ex-Microsoft Employee Arrested for $10 Million Crypto Theft

A former Microsoft staffer has been arrested for a scheme to steal $10 million in crypto, using some of the funds to buy a Tesla car and lakeside home. A former employee at Microsoft has been arrested for a scheme to steal $10 million in cryptocurrency, the Associated Press (AP) reported on July 17.Insider schemesThe man — a 25-year old Ukrainian national, Volodymyr Kvashuk, allegedly used the ill-gotten proceeds to buy a $160,000 Tesla…

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Canadian Town Says Yes to Accepting Bitcoin for Property Taxes

Canadian Town Says Yes to Accepting Bitcoin for Property Taxes

Canadian crypto solutions provider Coinberry has struck its second municipal partnership to provide bitcoin payments processing for property taxes. Canadian crypto solutions provider and trading platform operator Coinberry has struck its second municipal partnership to provide Bitcoin payments processing for property taxes. A press release published on July 15 revealed that Coinberry has begun negotiations with the City of Richmond Hill in the Greater Toronto Area. The news comes after the Council voted on July…

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