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As a monumental event in the cryptocurrency sector – the fourth Bitcoin (BTC) halving – approaches, the Kingdom of Bhutan has decided to boost the nation’s Bitcoin mining capacity sixfold in an effort to offset the event’s potential revenue impact and maintain operational efficiency. Specifically, the Himalayan country’s investment arm, Druk Holding & Investments (DHI), has announced it was teaming up with crypto mining firm Bitdeer, through a partnership that envisions the introduction of cutting-edge Bitcoin mining hardware, as Bloomberg reported on April 4. What Bitcoin mining capacity upgrade entails According to Matt Linghui Kong, Bitdeer’s chief business officer, the announced advancements will raise Bhutan’s mining capacity by 500 megawatts by the first half of 2025, bringing its total capacity to 600 megawatts, financed from the $500 million fund originating in May 2023. Picks for you Binance unveils Discover, an industry-first futures copy-tr...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. While it remains a relatively new concept, asset tokenization is being deemed as one of the most compelling applications of blockchain technology amongst experts. Backed by benefits like greater portability, improved security, increased efficiencies, and fractionalization, asset tokenization has massive potential and is becoming impossible to ignore. You might also like: Decentralized finance is changing our everyday lives | Opinion It is transforming finance with enhanced security and liquidity. Not to mention, there is a less obvious benefit here, which is the value of real-world assets. With this level of potential, it is not an understatement to say that the momentum surrounding asset tokenization is growing. While there are many benefits and opportunities with asset tokenization, its success hinges on some chall...

A deep dive into the key elements required for creating a thriving blockchain ecosystem. Blockchain technology has been around for over a decade and has transformed many industries, from finance to supply-chain management to digital identity. It has the potential to revolutionize the way we live, work and transact in the near future. However, adoption is still far from the global scale that Web3 enthusiasts envision. According to QuickNode’s co-founder and co-CEO Dmitry Shklovsky, blockchain has the power to reshape the way people live — starting with their online presence. A decentralized internet is the next evolutionary stage of the digital world, and blockchain has the power to bring this to reality.  Q: How do you see blockchain technology revolutionizing the way we live, work and transact in the near future? On the highest level, blockchain technology has the potential to evolve most of our daily processes and how we fundamentally transact with institutions and each other. From ...