News Explorer — Bhutan's Bitcoin Holdings Reach $750 Million, Driven by Economic Necessity and Abundant Hydroelectric Resources

Generated by AI, curated by humans

Sep 17, 11:45 am

Forbes

Bhutan's Bitcoin Holdings Reach $750 Million, Driven by Economic Necessity and Abundant Hydroelectric Resources

Bhutan's bitcoin holdings have reached $750 million, representing 27.9% of its estimated 2023 GDP. Bhutan's mining operations have ramped up since 2019, leveraging its abundant hydroelectric resources for power. The country's entry into cryptocurrency was driven by economic necessity and the desire to diversify income sources.

Bhutan's bitcoin holdings have reached $750 million, representing 27.9% of its estimated 2023 GDP. Bhutan's mining operations have ramped up since 2019, leveraging its abundant hydroelectric resources for power. The country's entry into cryptocurrency was driven by economic necessity and the desire to diversify income sources.

Latest

Jul 1, 6:53 pm

Decrypt

Trump-Backed American Bitcoin to Conduct Reverse Stock Split to Meet Nasdaq Requirements

American Bitcoin Corp., co-founded by Eric Trump and majority-owned by Hut 8 Corp., will undergo a 1-for-15 reverse stoc... Read Summary

Jul 1, 6:40 pm

Decrypt

Ethereum Institutional Launches With Backing From Joe Lubin, Tom Lee's BitMine, and SharpLink

A new nonprofit, Ethereum Institutional, backed by Joe Lubin and treasury firms, aims to assist Wall Street in navigatin... Read Summary

Jul 1, 5:42 pm

Decrypt

Circle Shares Fell 18% After Open USD Reveal—Analysts Think Market Reaction Was Excessive

Circle's CRCL shares dropped 18% due to the announcement of a new stablecoin, Open USD, by competitors like Coinbase, Vi... Read Summary

Jul 1, 4:40 pm

Decrypt

Bitcoin Ticks Up From Nearly 2-Year Low Under $58K

Bitcoin hit a two-year low before rebounding 2.8% to $60,000 due to weak U.S. economic data and uncertain Federal Reserv... Read Summary

Jul 1, 3:11 pm

Coindesk

Cantor Fitzgerald Analysts Foresee Potential Crypto Market Bottom Ahead—Here's When

Cantor Fitzgerald analysts predict that the crypto market is approaching the final stage of the current bear cycle, with... Read Summary

Jul 1, 3:09 pm

Decrypt

Forward Industries Adds $38 Million Worth of Solana Following Failed Acquisition Moves

Forward Industries saw a 17% increase in shares trading at $4.94 after acquiring over $38 million worth of Solana. The f... Read Summary

Jul 1, 1:50 pm

Coindesk

Crédit Agricole Launches EURO EXchange Token, a Euro-Pegged Stablecoin

Crédit Agricole, France's second-largest bank, has introduced a euro-pegged stablecoin called EURO eXchange Token (EURXT... Read Summary

Jul 1, 1:00 pm

Coindesk

World Project on Solana's Phantom Wallet Offers On-Chain Prediction Markets

The Solana-based World project has launched as an onchain prediction market within the Phantom wallet, utilizing Chainli... Read Summary

Jul 1, 12:30 pm

Coindesk

Bitcoin Bear Market Vibes Grow After Back-to-Back Losing Quarters

Bitcoin experienced consecutive quarterly losses in the first half of 2026, a rare occurrence that has only happened twi... Read Summary

Jul 1, 12:00 pm

Decrypt

Taiwan's New Regulations Mandate Licensing for Crypto Exchanges

Taiwan has approved the Virtual Asset Service Act, transitioning from AML registration to comprehensive financial superv... Read Summary

Jul 1, 11:42 am

Coindesk

Cathie Wood's Ark Invest Bought the Dip on Coinbase, Circle Shares in June

Ark Invest took advantage of the cryptocurrency market downturn in June by purchasing millions of dollars worth of share... Read Summary

Jul 1, 10:20 am

Coindesk

Crypto Lending Protocol Aave Sees Spike in New Wallets, Marking 5-Year High

Aave saw a surge in new-wallet creation, adding 1,806 addresses in a day, the highest since October 2021. Despite a slig... Read Summary

Jul 1, 8:43 am

Decrypt

Goliath Ventures CEO Christopher Delgado Pleads Guilty to Running $250M Crypto Ponzi Scheme

The president and CEO of Goliath Ventures, Christopher Alexander Delgado, has pleaded guilty to fraud, admitting to runn... Read Summary

Jun 30, 10:16 pm

Decrypt

President Trump Made Over $1.2 Billion from Bitcoin, Crypto Deals: Disclosure

President Donald Trump's annual financial disclosure revealed earnings exceeding $1.2 billion from cryptocurrency ventur... Read Summary

Jun 30, 9:00 pm

Coindesk

Phantom Wallet Boosts Perps Push, Hiring Hyperliquid Builders

Phantom wallet has hired the creators of Ventuals, a project that recently shut down its perpetual futures markets. The... Read Summary