South Asian country Bhutan, a Buddhist kingdom on the Himalayas’ eastern edge, has been revealed as a major Bitcoin holder, owning 13,011 BTC worth around $780.49 million, according to a report by Arkham Intelligence. The public data company identified Bhutan’s Bitcoin addresses, marking the first time this information has been publicly shared. BRE
The Urgent Need for Bitcoin Tax Reform to Encourage Everyday Use
The debt based monetary system has become quite extreme. On one hand, the US crossed the $35 trillion national debt milestone, placing a $104k burden on every US citizen. On the other hand, the Congressional Budget Office (CBO) puts federal expenditures for 2024 at 24.2% of GDP. This divergence between profligate spending and debt ballooning [&hell
Mi Primer Bitcoin Promotes Two Staff Members to Leadership Roles
In the wake of Mi Primer Bitcoin’s three-year anniversary, the El Salvador-based organization announced that it has promoted two of its staff members — Reyna Chicas and Quentin Ehrenmann — to leadership positions. Chicas, a native Salvadoran who has been with the organization for approximately two years, has quickly ascended through its ranks from
Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills
The closure of a Bitcoin mining facility in the Norwegian town of Hadsel has led to a 20% increase in electricity bills for residents. The mine was shut down after the municipality declined to renew its permit due to noise complaints. Kryptovault operated the mining facility for 20% of local power company Noranett’s revenue. With […]
Ledger Stax Hardware Wallet Explored in BitDegree New Mission
BitDegree, a leading Web3 education platform, has launched its latest interactive Mission featuring the Ledger Stax hardware wallet.
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Bybit Gains Provisional Crypto License in Dubai
Bybit, one of the top global crypto exchanges, has obtained a provisional license from the Dubai regulator, only two years after establishing its headquarters in the Middle Eastern city. This move brings the platform closer to becoming a fully licensed Virtual Asset Service Provider (VASP) in Dubai. Strengthening Dubai Presence Announced today (Mon
DeFi Platform BaseBros Vanishes After $130K Rug Pull
BaseBros Fi, a decentralized finance (DeFi) project on the Base blockchain, has vanished after taking its users’ funds in a rug pull scheme.
CoinGecko: USDT Holders Surpass 5.8 Million Wallets
CoinGecko released a report revealing that the top ten stablecoins collectively have 8.7 million holders. The top three stablecoins—USDT, USDC, and DAI—account for 97.1% of these holders. USDT leads the pack with over 5.8 million wallets, making it approximately 2.6 times larger than its closest competitor, USDC, which has around 2.2 million wallet