Estonian 'auto liquidation' DeFi platform Minterest raises $6.5m
Minterest aims to channel all fees, interest, and revenue back into the protocol for its users. Decentralized finance protocol Minterest has just secured $6.5 million in funding for a long-term yield optimization platform.The private fundraising round was contributed to by a number of venture capital companies including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital and others.The Estonian-based team intends to use the funding to develop the lending and borrowing protocol which it claims is “designed to make DeFi fairer for users.” Minterest uses a buyback mechanism that....
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In an exclusive interview with Cointelegraph, Rogers discussed the technology, tokenomics and outlook of the Minterest borrowing and lending protocol. Decentralized finance (DeFi) protocols have gained significant traction in the cryptocurrency sector, with a total value locked surpassing $271 billion, based on data from DefiLlama. One exceptionally popular category of DeFi services is that of decentralized borrowing and lending, where users can pledge their crypto as collateral and take out stablecoin loans (or vice versa) to pay for everyday expenses while their investment continues to....
The Estonian Supreme Court has asked the country's central bank, two of its civil ministries and its top financial regulator to answers questions related to bitcoin as it considers a case on the legality of the digital currency. The questions focus on the application of anti-money laundering (AML) statutes to bitcoin activities, as well as the broader nature of the financial technology, according to a translation of the court's 19th November decision. Eesti Pank, the Interior and Finance Ministries, and the Estonian Financial Supervision Authority must respond to the court's request by....
As the Estonian authorities continue to tighten their grip on the digital currency trade, local bitcoin trading site BTC.ee (not to be confused with BTC-e) has announced via its website that it has "temporarily stopped trading due to threats issued by the Estonian police". The move follows a warning about bitcoin and other virtual currencies issued by a member of Estonia's central bank earlier this year, in which he called bitcoin a "problematic scheme" and said that "virtual currency schemes are an innovation that [deserve] some caution". Otto de Voogd, the site's owner, told local....
The blockchain–based, real-time integrity, network, and data platform Guardtime has announced a partnership with the Estonian eHealth Foundation. The company will secure $1 million USD in health records in the Baltic region used by the Estonian eGovernment infrastructure. Taimar Peterkop, General of the Estonian Information Systems Authority said of the....
In October, the Estonian government invited anyone, anywhere, to become an e-citizen of the Estonian digital society, open a bank account in Estonia, or start a business. They said that, by the end of the year, anyone with an internet connection would be able to live their financial life in Estonia, all without being physically present. Also read: Become an E-Citizen of Estonian Digital Society. Yesterday those who sent a preliminary application received an email announcing the official launch of the program: "Dear future e-Resident of Estonia, We are happy to announce you that we went....