The Royal Government of Bhutan moved 99.47 Bitcoin (BTC) worth $12.05 million at the time to crypto exchange Binance through its investment arm, Druk Holding. Blockchain analytics platform Onchain Lens flagged this most recent transaction on Monday. It brings the Bhutanese government’s total transfers over the last two weeks to 650 Bitcoin, worth $74.24 million.…
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Bitcoin mining firm Bit Mining is making a strategic shift into the Solana ecosystem, with plans to raise up to $300 million to support the move. The company said on Thursday it plans to raise between $200 million and $300 million in different phases to build a sizable Solana (SOL) token treasury. The capital will…
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Trump Media’s Truth Social has filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking multiple blue-chip crypto assets. According to a Tuesday filing, the “Truth Social Crypto Blue Chip ETF” will track the performance of a basket of top crypto assets, including Bitcoin (BTC),…
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Authorities in Shenzhen, China, warned citizens about illegal fundraising schemes disguised as stablecoin and cryptocurrency investments. Shenzhen’s city government task force for combating illicit financial activity issued an alert on Monday, urging the public to be cautious of unlicensed entities promoting digital asset investments. Officials said the groups exploit the public’s limited knowledge of stablecoins…
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Binance CEO Richard Teng said cryptocurrency and digital asset technology can support the Kingdom of Bhutan’s unique development philosophy, known as Gross National Happiness (GNH), during a visit to the Himalayan kingdom. During a media roundtable at the Binance Crypto-Powered Tour in Bhutan, Cointelegraph asked Teng how crypto culture aligns or conflicts with the country’s…
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In a land where ancient monasteries overlook misty mountains, cryptocurrency is quietly becoming part of everyday life. During the Binance Crypto-Powered Tour in the Kingdom of Bhutan, Cointelegraph traveled across Bhutan’s capital city of Thimphu and the popular cultural and tourism district of Paro to gauge grassroots interest in crypto. At Changyul Park and a…
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Canadian Bitcoin lending company Bitcoin Treasury Corporation (BTCT) will officially resume trading on the Toronto Stock Exchange (TSX) Venture Exchange, TSX’s public venture capital marketplace for emerging companies. The company announced on Thursday that its common shares would be freely traded on the exchange from Monday under the ticker “BTCT,” with over 10 million shares…
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Former Bitcoin mining firm Bit Digital fell sharply this week, with its share price tumbling almost 19% over the five-day period to close at $1.99 on Friday, with a 15% drop in just 24 hours. The plunge follows major company announcements, including a $150 million public offering and a strategic pivot to Ether staking. On…
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The national spokesperson for India’s ruling party called on the country to consider launching a Bitcoin reserve pilot, saying that it would be a strategic step toward economic resilience. In an article for India Today, Bharatiya Janata Party (BJP) spokesperson Pradeep Bhandari said the US strategic Bitcoin (BTC) reserve and Bhutan’s state-led mining operations signal…
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Ethena Labs announced on Wednesday that the German Federal Financial Supervisory Authority, BaFin, and Ethena GmbH, the company’s German arm, have agreed on a redemption plan for USDe stablecoin holders. The regulator said it had initiated a 42-day redemption process for stablecoin holders. BaFin said USDe holders will have until Aug. 6 to declare redemption…
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