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Bhutan Moves $37M in Bitcoin to Exchanges, Holdings Down Two-Thirds From Peak

Bhutan has transferred $37 million worth of Bitcoin to exchanges, indicating a significant reduction in its cryptocurrency holdings, which have decreased by two-thirds from their peak. The country's Bitcoin investments were initially valued at around $1.5 billion, but the recent market downturn has led to a substantial decline in value. This move to liquidate a portion of its holdings comes as Bhutan seeks to manage its financial assets amid fluctuating cryptocurrency prices. The government has been exploring the potential of digital assets while navigating the challenges of the volatile market.

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Stablecoin rewards restrictions can slow but not stop Circle's USDC, says Citigroup

Citigroup analysts suggest that restrictions on stablecoin rewards could slow the growth of Circle's USDC but will not halt its progress. They believe that while regulatory changes may impact the competitive landscape, USDC's strong market position and backing by established financial institutions will help it maintain

MARA Stock Pops on $1.1 Billion Bitcoin Sale as BTC Miner Buys Back Convertible Debt

MARA stock surged following the announcement of a $1.1 billion Bitcoin sale by Marathon Digital Holdings. The company plans to use the proceeds to repurchase its convertible debt, enhancing its financial position. This strategic move is aimed at reducing debt obligations and improving liquidity. The sale reflects Marathon'

The privacy paradox: regulating zero-knowledge finance in the EU and beyond

The article discusses the challenges of regulating zero-knowledge finance (ZK finance) in the European Union and globally, highlighting the tension between privacy and regulatory compliance. Zero-knowledge proofs allow transactions to be verified without revealing sensitive information, raising concerns about money laundering and fraud. Regulators are grappling with how to balance

Stablecoin Giant Tether Expands Leading Gold-Backed Token to BNB Chain

Tether has expanded its gold-backed stablecoin, Tether Gold (XAUT), to the BNB Chain, enhancing its accessibility and integration within the DeFi ecosystem. This move allows users to transact with gold-backed assets on the BNB Chain, which is known for its low transaction fees and fast processing times. Tether Gold is

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Stablecoin rewards restrictions can slow but not stop Circle's USDC, says Citigroup

MARA Stock Pops on $1.1 Billion Bitcoin Sale as BTC Miner Buys Back Convertible Debt

The privacy paradox: regulating zero-knowledge finance in the EU and beyond

Stablecoin Giant Tether Expands Leading Gold-Backed Token to BNB Chain