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In one of the most surprising developments of the leading cryptocurrency’s ongoing bull run, the country of Bhutan has seen a remarkable 39% of its total GDP made up entirely of its Bitcoin investment. Indeed, the accumulation of BTC has now reached $1.14 billion for the small country. Located in the Himalayas, the small nation has seemingly followed the lead of El Salvador. The pro-Bitcoin nation made the crypto legal tender in 2021. Moreover, it has also seen its BTC investment surpass the $1 billion mark, showing the impact that digital assets can have on developing economies. JUST IN: 39% of Bhutan’s GDP is in #Bitcoin, totaling $1.14 billion. — Watcher.Guru (@WatcherGuru) November 20, 2024 Also Read: Bhutan’s Bitcoin Holdings Surpass $1 Billion Amid BTC Bull Run Bhutan Bitcoin Holdings Reach $1.14 Billion as It Dominates Nation’s GDP 2024 has been a monumental year for Bitcoin and should go down as its most important ever. The asset has seen its importance ...

A senior Linux developer responsible for maintaining Bitcoin’s primary random number generator, linux-rng, has earned one of the most prestigious grants available to developers. OpenSats, a non-profit public charity founded in early 2021 that has given away over $10 million, granted Jason Donenfeld long-term funding. Distinct from its short-term or project grants, OpenSats allocates funds on a long-term basis to some of Bitcoin’s most active developers. In May, Jack Dorsey replenished the philanthropy with an additional $21 million, more than doubling OpenSats’ capacity to give. Donenfeld joins other senior Bitcoin developers as a OpenSats Long-Term Support Grantee, including Marco Falke, René Pickhardt, and Sjors Provoost. Most long-term grantees at OpenSats contribute as developers to code review of Bitcoin’s repository and maintenance of its technologies. Bitcoin devs finally admitting to major mistakes in Core software Donenfeld is the creator of WireGuard, a VPN. He is als...

NAVI Protocol has unveiled the NAVI X Ecosystem Fund meant to bolster the growth and ingenuity of Sui blockchain ’s (SUI) decentralized finance (DeFi) and Move-based ecosystem, as per the information shared with Finbold on April 2.  With 10 million NAVX tokens dedicated to the cause, the move seeks to infuse essential support into projects across various development al stages, with the primary aim of elevating the functionality and user reach of the Sui ecosystem. Expanding DeFi endeavours A collaborative endeavor of prominent figures in the DeFi space, the fund seeks to provide developers with financial backing, guidance, and networking opportunities necessary for nurturing and expanding innovative endeavors within the Sui blockchain realm. Picks for you Major Bitcoin top signals to watch for this cycle 22 mins ago Shiba Inu’s incendiary surge: Over 15B SHIB burned in March blitz 1 hour ago Binance Charity and Children of Heroes aid Ukrainian war-affect...

Discover the latest 2023 defi trends. Explore breakthroughs and developments that shaped the landscape of decentralized finance this year. De centralized finance , more commonly called defi, has gained prominence in crypto in the last few years. It came from a need to change the way traditional financial systems worked, making them more open, unrestricted, and inclusive. Throughout 2023, despite a few hiccups, defi made several strides, introducing de centralized fintech solutions across numerous financial services. The demand surge is such that analysts project the worldwide defi market will hit $239.19 billion by 2030, a significant leap from $13.61 billion in 2022. Let us take a closer look at the trends in defi that shaped the sector in 2023. Major defi trends in 2023 Rise of layer-2 solutions Among the many trends in defi in 2023, one of the biggest was the growth of layer-2 (L2) sidechains and rollups.  These protocols were developed to solve the high transaction fees...