Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations
Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
Related Posts
NFTPs hitting bottom? Charmin joins in on the latest crypto craze
Who knew we'd still be competing to buy toilet paper in 2021? 4399 Total views 14 Total shares The non-fungible token market isn’t limited to digital sports collectibles and art connoisseurs — big brand names are getting in on the action too.Toilet paper manufacturer Charmin listed five different versions of its non-fungible toilet paper, or…
Animoca creates billion-dollar metaverse fund for developers
The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus. Own this piece of crypto history Collect this article as NFTThe GameFi champion and metaverse developer Animoca Brands has a billion-dollar fund in its plans, according to a report from Nikkei Asia…
Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns
Bitcoin has shed nearly 6% in an hour after Tesla suspended its support for payments in BTC. 18794 Total views 40 Total shares The Bitcoin markets are pulling back after electric car manufacturer Tesla suspended its support for vehicle purchases using BTC.In a May 13 tweet, Tesla’s CEO Elon Musk noted the company’s concerns regarding…
Federal High Court of Nigeria approves eNaira CBDC rollout
eNaira will continue to circulate alongside its fiat counterpart, however, promising a faster, cheaper, and more secure option for monetary transactions. 169 Total views 5 Total shares The Nigerian Federal High Court joins the growing list of regulators across the globe to approve the rollout of a central bank digital currency (CBDC) as a legal…
United Arab Emirates Will Introduce ICO Regulation in First Half of 2019, Regulator Notes
A financial regulator of United Arab Emirates (UAE) will introduce initial coin offering (ICO) regulations in the country by the end of the first half of next year. This development was reported by English-language local news outlet The National on Dec. 21.The Securities and Commodities Authority of UAE (SCA), which regulates and monitors the markets,…
Terra’s UST flips BUSD to become third-largest stablecoin
UST market cap has surged to flip BUSD, however, its trading volumes are still only around one-fifth worth of the Binance digital dollar. 213 Total views 7 Total shares The Terra (LUNA) blockchain’s algorithmic stablecoin Terra USD (UST) has flipped Binance USD (BUSD) to become the third-largest stablecoin on the market. UST is a USD-pegged…
Ethereum price drops to a 7-month low as data points to more downside
Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven-month low at $1,520. Although there was a slight rebound to $1,550 on Oct. 13, it appears that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics.Some may argue that this movement reflects a broader disinterest
Grayscale: BTC Holdings Make Up $1.97B of $2.1B Assets Under Management
American digital asset manager Grayscale announced that out of the firm’s $2.1 billion of assets under management, $1.97 billion resides in its bitcoin investment trust. The firm tweeted the figures on May 28.According to the published data, the bitcoin (BTC) trust is responsible for nearly 94% of the firm’s total assets under management. Meanwhile, the…