Bhutan Govt Dump Over $66M in Bitcoin on Binance
Bhutan’s government sent 929 BTC worth over $66 million to crypto exchange Binance, as price surged above $71,000. The Royal Government of Bhutan transferred 929 BTC to Binance, an on-chain data analyst reported on Tuesday, as the Bitcoin price surged past $71,000 amid favorable market conditions, the upcoming U.S. elections, and strong technical indicators on Bitcoin’s chart. […]
Bhutan Becomes 4th Largest Government Bitcoin Holder
Bhutan has been identified as a significant Bitcoin holder, with 13,011 BTC valued at approximately $780.49 million. Bhutan, a Buddhist nation on the eastern flank of the Himalayas, has been identified as a significant Bitcoin holder, with 13,011 BTC valued at approximately $780.49 million. This is the first time that Bhutan’s Bitcoin addresses have been […]
Bitdeer Completes Mining Facility in Bhutan
Bitdeer, a provider of cryptocurrency cloud mining services, has finished building a new mining plant in Bhutan. According to the corporation, towards the end of July they had acquired almost 23,000 newly purchased mining rigs, and another 7,000 were on their way to the Gedu Datacenter. The power-on testing was already under progress, according to […]
Bitdeer Partners with Bhutan’s DHI for $500M Crypto Mining Fund
Bitdeer, a Nasdaq-listed bitcoin miner , has partnered with Bhutan’s state-owned investment company, DHI, to build carbon-free digital asset mining operations and raise $500 million for a crypto mining fund. Bitdeer and DHI to jointly raise $500 million A closed-end fund valued at $500 million that will invest in digital asset mining projects in Bhutan […]
Bhutan’s central bank will use Ripple’s Labs to pilot its CBDCs
Bhutan’s Royal Monetary Authority is teaming up with Ripple to test its central bank digital currency. Ripple claims its CBDC solution would allow Bhutan’s central bank to deploy a digital ngultrum “without compromising financial stability. Bhutan’s central bank will use Ripple Labs’ private ledger to issue and administer a digital ngultrum, according to a statement […]