Bhutan to Transition National ID System to Ethereum
Bhutan will transfer its national digital identification system from Polygon to Ethereum, aiming to enhance data security.Bhutan is a country in South Asia known for its monasteries, fortresses, and dramatic landscapes.
Bhutan to Transition National ID System to Ethereum
Bhutan will transfer its national digital identification system from Polygon to Ethereum, aiming to enhance data security.
Bhutan Transfers 512 BTC to Binance
Over the past four days, Bhutan’s authorities have transferred 512.84 BTC ($62.6 million) to a deposit address on the Binance exchange, according to Arkham. Source: Arkham. The transactions coincided with Bitcoin reaching a new all-time high price. Since July 10, the government has made six transfers to the same address. The latest transaction of 99 […]
Bhutan Transfers $23.7 Million in Bitcoin to Binance
On July 10, the government of Bhutan transferred 213.31 BTC ($23.7 million) to the Binance exchange, according to Arkham. The transaction occurred hours after Bitcoin’s price reached a historic high near $113,500. Source: Arkham. The exact reason for the transfer remains unknown. However, such deposits on centralized platforms typically precede asset sales. According to Arkham, […]
Bhutan Transfers Portion of Bitcoin Reserves
On June 30th, the government of Bhutan transferred 137.245 BTC to the cryptocurrency exchange Binance. This is indicated by on-chain data from Arkham Intelligence. At the time of writing, these coins are valued at $14.68 million. The kingdom’s total reserves in the leading cryptocurrency amount to 11,924 BTC, valued at $1.27 billion. Data: Arkham Intelligence. […]
Bhutan Embraces Cryptocurrency Payments to Boost Tourism
The authorities in Bhutan are integrating cryptocurrency payments into the country’s economy. This initiative aims to modernize the financial system and attract tourists with the support of Binance, reports CoinDesk. According to Damcho Rinzin, Director of the Tourism Department, travelers have complained about issues with using SWIFT and paying for services. He noted that Binance […]
Crypto Bhutan: How one of the world’s most closed countries pioneered ‘green’ mining
For years the kingdom of Bhutan stood apart from global trends. Today the Himalayas hum not only with prayer wheels but also with mining farms. ForkLog looks at how a small mountain state is building a digital future—and what bitcoin has to do with it. From centuries of isolation to mining Until recently Bhutan pursued […]
Bhutan Introduces Cryptocurrency Payments for Tourists
The government of Bhutan, in collaboration with local digital bank DK Bank, has implemented the Binance Pay service to accept cryptocurrencies in the tourism sector. Experience #Bhutan with the world’s first national crypto tourism payment system! Powered by Binance Pay and DK Bank, it offers seamless crypto payments for flights, hotels, local crafts, and much […]
North Korean Hackers’ Bitcoin Holdings Surpass Those of El Salvador and Bhutan
The North Korean hacker group Lazarus currently holds 13,518 BTC (valued at $1.13 billion at the time of writing), surpassing the amounts held in the government wallets of Bhutan or El Salvador. This is according to data from Arkham Intelligence. For comparison, Bhutan holds 10,635 BTC. The kingdom is actively increasing its reserves through mining, […]
Bhutan Transfers Additional 367 BTC to Binance
On November 14, the Royal Government of Bhutan moved approximately 367.26 BTC ($33.5 million) to a Binance deposit address, according to data from Arkham. Previously, on October 29, the “Dragon Kingdom” transferred around 935 BTC ($66.4 million at the time) to the largest cryptocurrency exchange. On July 1, Bhutan’s authorities moved 381 BTC ($24.1 million […]
Bhutan’s Government Transfers 935 BTC to Binance
On the morning of October 29, the Royal Government of Bhutan transferred approximately 935 BTC ($66.4 million) to a deposit address of the largest cryptocurrency exchange, Binance, according to data from Arkham.
Bhutan Mines Over 13,000 BTC
The Bhutanese government’s Bitcoin assets amount to 13,036 BTC ($770 million). The relevant addresses were tracked by experts from the analytical platform Arkham. Bhutan’s crypto assets. Data: Arkham. The nation has accumulated digital gold amounting to nearly a third of its GDP through mining conducted by the state fund Druk Holdings. Bhutan ranks fourth in […]We use cookies to improve the quality of our service.
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