🪙 Crypto and Blockchain News (November 28, 2023):
1️⃣ Forbes: The Kingdom of Bhutan has transformed into a "crypto-Shangri-La," thanks to the country's authorities allocating land, funding, and energy for
#bitcoin mining. Forbes journalists shared the results of their investigation. The government, led by King Jigme Khesar Namgyel Wangchuck, believes that digital gold will help overcome the looming economic crisis. The project had been kept secret for four years and only became known after mentioning the sovereign investment fund Druk Holding & Investments (DHI), with assets of $2.9 billion, as a client of the bankrupt BlockFi and Celsius. 🌏 Bhutan's intriguing strategic decision.
2️⃣ CoinShares: Last week saw an influx of $312 million into investment products with digital assets. In total, over the past nine weeks, the crypto market has received more funds than at the beginning of the bull market in 2021. 💸
3️⃣ ForkLog: Founder of the decentralized exchange Curve Finance, Mikhail Egorov, invested in the cross-chain protocol EYWA. Curve will utilize
#eywa for transmitting messages and tokens (CRV and crvUSD) between chains. EYWA is a decentralized protocol for transferring crypto assets and data between blockchains, also serving as a cross-chain DEX, leveraging Curve's liquidity and operating on networks such as Ethereum, Polygon, Avalanche, BNB Chain, Optimism, and Arbitrum. ⛓️
4️⃣ BeInCrypto: Hashtags in support of the former CEO of the Binance cryptocurrency exchange, Changpeng Zhao (CZ), are gaining popularity. Members of the crypto community are demanding the release of the businessman. 📣 We join in the support as well.
5️⃣ Courtlistener: The U.S. court has not allowed
#cz to return to the UAE pending the consideration of the Department of Justice's request. The department seeks to impose a ban on the former head of Binance leaving the country due to flight risk. ⚖️
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