Author: NBTC
A young man has been arrested in Russia for transferring a large amount of money in cryptocurrency to Ukraine, still invaded by his country. Russian authorities allege the digital coins went straight to a wallet used to fund the Ukrainian army amid a bitter war that’s yet to come to an end. Man jailed in Russia for crypto donation to the Ukrainian side A resident of the Russian city of Barnaul, administrative center of the Altai Krai, has been detained for sending some 24 million rubles’ worth of crypto (over $310,000) to neighboring Ukraine. Russian law enforcement claims the digital…
The Bitcoin network mining difficulty, a metric tracking the relative challenge of adding new blocks to the Bitcoin ($BTC) ledger, fell by about 11.16% in the last 24 hours, the worst drop in a single adjustment period since China’s 2021 ban on crypto mining. Bitcoin mining difficulty is at 125.86 T and took effect at block 935,429, data from CoinWarz shows. The average block time is over 11 minutes, overshooting the 10-minute target. Difficulty is projected to fall again in the next adjustment on February 23 by about 10.4% to 112.7 T, according to CoinWarz. The Bitcoin network mining difficulty…
Ethereum co-founder Vitalik Buterin and other prominent “whales” have offloaded millions of dollars in $ETH since the beginning of February, adding narrative fuel to a market rout that saw the world’s second-largest cryptocurrency tumble below $2,000. While the high-profile sales by Buterin served as a psychological trigger for retail panic, a closer examination of market data suggests that the primary pressure came from a systemic unwind of leverage and record-breaking selling activity across the network. Nonetheless, these disposals, combined with significant selling by other industry insiders, have prompted investors to question whether project leaders are losing confidence or simply managing…
Silver’s surge to record highs is flashing urgent warnings about collapsing supply, mispriced mining stocks, and eroding currency confidence, with mounting volatility risks as prices race toward triple digits, economist Peter Schiff says. Peter Schiff Warns: Silver Supply Is Collapsing and the Market Isn’t Ready Economist and gold advocate Peter Schiff shared on social media platform X on Jan. 14 that silver supplies are rapidly drying up, warning that accelerating price gains and tightening availability could soon leave buyers unable to secure metal, urging immediate action before inventories disappear. “ Gold and silver are both at new record highs. Gold…
The Ministry of Finance will put a decree that equates cryptocurrency transactions to foreign currency exchanges to public consultation, a move that would allow the government to tax these flows. The subject is expected to spark a fierce discussion in Congress and even legal actions. Brazil Aims to Tax Crypto Flows by Decree, Strong Opposition Expected The Brazilian government is in the process of building a legal framework to apply the tax on Financial Operations (IFO) on cryptocurrency and stablecoin flows. The Ministry of Finance is preparing to issue a decree equating cryptocurrency transactions with the exchange of foreign currency,…
Canopy Network, a recursive blockchain platform has announced it is launching Canopy Templates, a new blockchain building tool designed to aid in AI-assisted development. With Canopy Templates, developers can “vibe-code” entire Layer-1 (L1) blockchains from scratch, the goal being to enable faster and more flexible ways to build decentralized systems, Canopy Network told Finbold on February 5. Whereas traditional blockchain frameworks comprise millions of lines of code, Canopy Templates limits L1 implementation to approximately 200 lines. The 200-line constraint is intentional, as it marks the threshold where an entire blockchain fits comfortably inside an AI model’s working memory. AI-built blockchain…
The cryptocurrency market is showing signs of life this Friday, February 6, 2026, as the Ethereum price successfully reclaimed the psychologically significant $2,000 mark. After a week of intense selling pressure that saw $ETH plunge to lows not seen since May 2025, buyers have finally stepped in to stall the bleeding. However, while the green candles on the hourly chart offer temporary relief, technical indicators suggest that the danger is far from over for the second-largest cryptocurrency. Ethereum Coin Analysis: The $2,000 Battleground Looking at the current $ETH/USD 1-hour chart, Ethereum has staged a notable recovery from the $1,850 support…
Vietnam is preparing to introduce a tax framework for cryptocurrency transactions that would align digital assets with securities trading, according to a draft policy circulated by the Ministry of Finance. Under the proposal, individuals transferring crypto assets through licensed service providers would face a 0.1% personal income tax on the value of each transaction, local outlet The Hanoi Times reported. The structure mirrors the levy currently applied to stock trades in the country. According to the report, the draft circular, released for public consultation, classifies crypto transfers and trading as exempt from value-added tax. However, the turnover-based tax would apply…
SEOUL, South Korea – March 2025 – Blockchain intellectual property project Story has forged a strategic alliance with Web3 entertainment firm Witch, potentially transforming how global audiences access and own K-culture assets. This partnership leverages Story’s programmable IP infrastructure to expand Witch’s WAVIST marketplace into a premier global platform for real-world asset (RWA) trading. The collaboration represents a significant evolution in digital ownership and entertainment economics. Story Witch Partnership Creates New Web3 Entertainment Framework The Korea Economic Daily first reported this strategic partnership between two innovative blockchain companies. Story provides programmable IP infrastructure that enables creators to manage intellectual property…
Ethereum price continued its strong downward trend this week, reaching its lowest level since May last year. Summary Ethereum price dropped to a crucial support level as the crypto market crash accelerated. Its liquidations jumped to the highest level in months. Ethereum’s weighted funding rate dropped to its October lows. Ethereum ($ETH) token dropped to a low of $1,768, down by 60% from its all-time high. This retreat coincided with the broader crypto market crash as retail and some institutional investors dumped the coin. Data compiled by SoSoValue shows that American investors have sold Ethereum ETFs worth $149 million this…