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Bhutan mines Bitcoin with hydropower since BTC price was $5,000

The Kingdom of Bhutan is bullish on Bitcoin (BTC). Following the revelation that the small Himalayan Kingdom of Bhutan has been quietly accumulating crypto, the country is also mining Bitcoin. Moreover, the country of less than 800,000 people leverages green energy to power its Bitcoin mining operations.Known for its focus on "Gross National Happiness" and picturesque landscapes, Bhutan has found ways to harness its immense hy...

2nd biggest US bank failure — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week digesting major macroeconomic news as the United States sees the second-largest bank failure in its history.After a sideways weekend, BTC/USD was already volatile into the new weekly and monthly candle as downside kicked in.After steadying below $29,000, BTC price action is already facing more potential pressure as First Republic Bank is placed in public receivership and taken over by JPMorgan C...

Jack Dorsey’s nano Bitcoin mining chip heads to prototype

Block, a financial services and technology company owned by former Twitter CEO Jack Dorsey has announced it has completed the prototype design of its new five-nanometre (5nm) Bitcoin (BTC) mining chip — which it claims is key to decentralizing the supply of Bitcoin mining rigs.According to a blog post published on April 28, Block explained that developing Bitcoin mining ASIC rigs is both financially and technically challenging...

Uniswap Reportedly Down Due to Cloudflare Routing Issue

Uniswap’s discord moderator said that the breakdown is due to a Cloudflare routing issue.Users are asked to use the current version via the IPFS links until the issue is solved.The native token, Uniswap (UNI) price is down by nearly 4% in the last 24 hours. Decentralized Protocol (DeFi), Uniswap suffered a major breakdown as it could not be opened for several hours. Popular journalist Colin tweeted that as per the discor...

‘Crypto is Harmless,’ Says Indian IT Minister Rajeev Chandrasekhar

Indian Minister Rajeev Chandrasekhar addressed the ITech Law International Conference 2023. Chandrasekhar claims cryptocurrencies are harmless if the users adhere to the rules and regulations of crypto. The minister added that India would one day lead the blockchain industry. Rajeev Chandrasekhar, the Indian Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship ad...

50% of USDT is on Tron, Has Been Growing: Crypto Analyst

Patrick Dynamo Defi tweets that more than 50% of USDT is on Tron when compared to 39.87% on Ethereum. The dominance of the Tron network percentage over Ethereum has been growing recently as indicated in TVL. Tron’s TVL has over time hiked from 4.11 billion to $5.04 billion. Founder of Dynamo Defi Analytical Space Patrick Dynamo Defi has tweeted about the blockchain-based platform Tron’s performance. According to ...

Tender.fi White Hat Hacker Returns $1.6 Million Loot for 62.15 ETH

A white hat hacker has returned $1.6 million that was exploited from Tender.fi. The hack occurred earlier this week following a glitch in Chainlink’s pricing oracle. The hacker was given a bounty of 62.15 ETH ($98,000) for their help in securing the platform. Decentralized finance (DeFi) protocol Tender.fi has been made whole thanks to the hacker who returned $1.6 million that were exploited from the platform ear...

Singapore Court Extends Babel Finance’s Moratorium Period Until July 21

The Singapore court extended the creditor protection plan of Babel Finance. Babel Finance filed a moratorium application to extend the reimbursement period, implementing new strategies. Though the proposal was withheld by the court earlier, now the moratorium period is extended to July 21. The latest reports revealed that the creditor protection plan proposed by the top comprehensive crypto financial service prov...
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