DeFI News by Thebittimes.Com

Bhutan has emerged as the third-largest government holder of Bitcoin, quietly accumulating 12,062 BTC since 2020, now valued at just under $1.3 billion, as per data from Arkham Intel on June 27. This trove amounts to nearly 40% of the Himalayan kingdom’s gross domestic product (GDP), making it one of the most crypto-exposed nations on earth. Bhutan’s crypto holdings. Source: Arkham Intel Bhutan’s Bitcoin holdings, long kept under wraps, are managed by the state-owned Druk Holding and Investments (DHI), the government’s commercial arm. “For Bhutan, it was quite obvious in a lot of ways,” said Ujjwal Deep Dahal, CEO of DHI, in a rare public comment. Dahal noted that the nation’s abundant hydropower resources provided a clear path to low-cost, sustainable Bitcoin mining, a strategic advantage that few other countries can replicate. Bhutan starts mining Bitcoin in 2020 Bhutan began mining Bitcoin as early as 2020, leveraging its green energy s...

Despite a history of flip-flopping on the crypto industry, United States president-elect Donald Trump has suddenly become an enthusiastic advocate for the space and has actively made several eye-catching promises. Now that he’s set to once again assume control of the executive branch, he will have oversight over a variety of different important appointments, the ability to pardon or commute certain sentences, and a demonstrated willingness to use the bully pulpit to advocate for policies that he believes in. As we prepare for the next several years, Protos has collected several crypto promises that Trump has made and that we will be watching closely. Trump win opens door to many pro-crypto government appointments Read more: Tether’s dreams come true with Donald Trump victory Gary Gensler and Ross Ulbricht could both be out One of the things that Trump promised — to extraordinary cheers at the Bitcoin Conference — was that he would fire Gary G...