BITCOIN

A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company Bitdeer to “jointly develop green digital asset mining operations in the Kingdom of Bhutan.” Bhutan’s DHI Executive Says the Kingdom Is ‘Focusing on the New Generation of Industries’ On May 20, 2023, the Financial Times (FT) disclosed that DHI is highly interested in crypto asset ventures and enterprises. The FT journalist elaborates that DHI has been experimenting with investments connected to bitcoin (BTC) mining and drone technology. The article cites DHI’s CEO, Ujjwal Deep Dahal, who informed FT that Bhutan is “focusing on the new generation of industries.” The article also highlights the current collaboration between the publicly-traded bitcoin mining company Bitdeer, announced in early May. DHI’s CEO remarked that “partnering with

PRESS RELEASE. Tickets are now on sale in limited quantities for Proof of Talk – www.proofoftalk.io , the highly anticipated gathering, poised to bring together the most influential thought leaders in the Web3 industry. This groundbreaking event will take place on June 14th and 15th at the prestigious Louvre Palace – Musée des Arts Décoratifs in Paris, France. Limited to less than 1000 participants, this event is designed to foster quality conversations and networking amongst attendees. Over 75 industry leaders are scheduled to give talks at the new two-day event, with a majority of the audience consisting of C-suite executives, investors and founders. This remarkable concentration of senior leadership makes Proof of Talk the go-to event for networking and forging valuable connections among the brightest minds in the industry. Notably, most CEOs and founders of the top 50 blockchain companies have already confirmed their participation, with featured speakers including: Charles Ho

Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) meeting next month. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said. Fed Chair Jerome Powell on Rate Hikes Federal Reserve Chairman Jerome Powell has hinted that the U.S. central bank may pause its series of interest rate hikes after raising rates 10 times in a row. The federal funds rate increased from near zero a year ago to 5.00%-5.25%, its highest level in 16 years. The latest increase was by 25 basis points in March. Speaking at a Fed conference in Washington alongside former Fed Chair Ben Bernanke, Powell said: “We’ve come a long way in policy tightening and the stance of policy is restrictive … We’ll be monitoring as we assess the extent to which additional policy firming may be appropriate to return inflation to 2% over time.” Noting that the “assessment will be

Global investment bank UBS has provided three reasons for investors to “buy gold now.” Expecting gold to break its all-time high later this year, the Switzerland-based investment banking giant has retained its “most-preferred rating” on gold. UBS Sees 3 Key Reasons to Buy Gold Now UBS, a global investment bank based in Switzerland, has presented three reasons to consider buying gold now. In a note titled “Three Reasons to Buy Gold Now,” published Thursday, by UBS Chief Investment Office, the firm’s strategists outlined their expectations that gold is poised to surpass its all-time high this year. While acknowledging that the price of gold has retreated from its recent high, the strategists wrote: The yellow metal remains 8.2% higher since the start of this year, and we think it’s likely to break its all-time high later this year with multiple mid- to longer-term drivers. One key factor driving the UBS strategists’ bullish outlook on gold is their expectation that central banks’