"Unlike most governments, Bhutan's BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023," the crypto intelligence firm explained. Crypto intelligence firm Arkham highlighted the Kingdom of Bhutan's bitcoin holdings on social media platform X last week. Bhutan is a small, landlocked kingdom located in the eastern Himalayas, bordered by China to the north and India to the south. The country currently has a population of less than 800,000 people.

We learned last year that Bhutan had been secretly mining bitcoin using its abundant hydroelectric resources since around 2019. The operation, which began when bitcoin was priced at approximately $5,000, aims to harness the country's vast renewable energy reserves to power mining rigs.

Hydroelectricity already accounts for 30% of Bhutan's GDP and powers nearly all of its 800,000 residents. The government claimed last year that mining profits are used to subsidize power and hardware costs. This revelation makes Bhutan one of the few countries globally to run a state-owned bitcoin mine, alongside El Salvador.

At over $800 million in Bitcoin holdings, the reserve accounts for nearly a third of Bhutan's 2022-calculated GDP.

Abstract credit: https://slashdot.org/story/433433

Криптовалюти Chainlink: основні характеристики та як купити в Україні

cross-posted from: https://infosec.pub/post/17752039

The making of the Hydra Doom experience.

I find it fascinating that Doom’s “determinism” (identical inputs will produce identical results in the gameplay) makes it possible to encode entire playstreams on-chain and have each of them compete against each other. Detractors of Cardano may accuse it of being relatively slow due to its high security on layer 1 compared to Solana, but layer 2’s like Hydra make that decision to prioritize determinism and statelessness look visionary when the roadmap is unfolded. Extended UTXO is paying off when it comes to parallelism.

Hats off to the Hydra team!

Ps. Yes. Technically I know it is not running Doom. Nonetheless this is a great demonstration of the power of the Hydra zk roll up tech.

cross-posted from: https://infosec.pub/post/17544659

In this keynote from Rooted in Research: Pushing the Boundaries of Blockchain Technology in Tokyo, Charles Hoskinson reflects on 10 years of groundbreaking research in blockchain and distributed systems. He discusses key achievements, ongoing challenges, and the future direction of research in the industry. After his keynote, Charles answers questions from the audience.

cross-posted from: https://infosec.pub/post/16334087

Charles and company made a PGP-encrypted paper wallet. He is calling it the most secure paper wallet in the entire crypto space.

To put his money where his mouth is, anyone who hacks it can keep keep the cash ($1 million dollars worth of USDM) if you can hack it.

Good luck everyone!

@crypto
Please take a look blocx.
https://medium.com/@BLOCX/weekly-recap-05-08-11-08-d8a525cb0caf

So if I was one of the countries that are sanctioning tornado cash how would I still be able to use it without them knowing I did?

Hello there,

I'm Dave, reaching out from AllArk.

Our journey since 2022 has been dedicated to offering a simplified solution for converting crypto into traditional currency via:

• Bank Transfers
• Mailed Cash
• Debit Card Methods

Though we've been US-focused, the demand keeps growing, and we continue to meet your needs right here at home.

We've established solid relationships with OTC trading desks within the USA to expand our crypto cash-out service through mail throughout the United States. :)

We ensure that all cash transactions are securely tracked and insured, promising delivery within no more than three business days.

Our recent beta tests have been successful, with positive feedback that we're excited to build on.

This development is great news for the crypto community in the USA, making it easier to withdraw or spend your crypto.

And don't miss out on our Crowdfunding platform, which can assist in raising crypto for your projects.

Enjoy your day!

Warm regards, Dave from AllArk

Black Friday sale. If you're still using a Virtual machine or TailsOS, today might be the day for a needed upgrade. $10 off thereabouts.

God I love privacy token such as monero or oxen. They are a leading effort in making us use cash again. Where your government doesn't need to know that you're buying something embarrassing off the internet. But it did got me thinking.

Surely, government and tracking isn't pure evil. They must've used paper trails of transactions around the world to track criminals. But how would they, if monero became mainstream, track these bad actors? What kind of "paper" can they really "trail"?