Author: NBTC
George Kikvadze adjusts his webcam to display a 2×3 foot circuit board framed and displayed in trophy-like fashion on the wall of his office. The board, which was used in Bitfury’s early bitcoin mining operations, contains hundreds of small green 55 nanometer silicon chips. These were among the first-ever Application Specific Integrated Circuits, commonly known as ASICs, to be used for industrial-scale bitcoin mining. “This board itself mined 400,000 bitcoins,” Kikvadze told me in an interview. “Every VC in Silicon Valley missed the chance to get in on this early.” The prop is a fitting visual for Kikvadze’s new memoir,…
Somnia Network has formed a new joint venture with Lair Finance, which is yet another strategic move towards revolutionizing decentralized gaming and entertainment. This is a partnership between the high-performance blockchain infrastructure component of Somnia and Lair expertise with cross-chain liquid staking. Welcome aboard, @LairFinance!Curious what utility’s coming to @Somnia_Network. https://t.co/cluCOSHUPh — ecosystem.somi (@SomniaEco) October 29, 2025 The two together are striving to re-establish the interaction of users with decentralized applications and gain rewards on numerous networks. Expanding Cross-Chain Capabilities Cross-chain restaking is available in Lair Finance on various noteworthy Layer 1 chains, such as Kaia Chain, Berachain, and Injective.…
Bitkub has announced the FF token of Falcon Finance, a significant boost in decentralized finance access in the Southeast Asian market. On October 29, 2025, the listing went live, with the FF/THB trading pair, following deposit and withdrawal services that opened two days earlier. This strategic move provides Thai investors with access to one of DeFi’s fastest growing stablecoin protocols directly through their local currency. Strategic Expansion into Regions Via Key Listings This timing of the listing is crucial because it will be one of several releases of new tokens that Bitkub will launch on its platform. In addition, the…
If it’s possible for a central bank to cut rates and still be hawkish, the U.S. Federal Reserve accomplished that this week. In his post-meeting press conference Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a December rate cut was far from a done deal. The reaction was swift, with crypto and U.S. stocks tumbling Wednesday afternoon and all day Thursday. There was also the vote to cut rates. A chummy group, members of the FOMC typically vote in unanimity on policy. The Wednesday decision, however featured a dissent from Kansas City Fed President Jeff…
The stay in the Securities and Exchange Commission (SEC) case against Justin Sun has been extended again, with the request specifically referencing “a lapse in appropriations,” which resulted from the government shutdown. According to a recent filing, SEC lawyers who had been assigned to the case “have been furloughed and prohibited from working.” This case, which was originally brought in 2023 against Sun, was revised in 2024, and was stayed in February of this year. Read more: SEC sues Justin Sun over TRX, BTT, market manipulation The lawsuit alleged that Sun had participated in market manipulation, sold unregistered securities, and…
OKX now backs customer funds with $35.4 billion in primary assets, a 75% annual surge, as its 36th consecutive PoR report establishes a new verifiable benchmark for an industry under regulatory scrutiny. Summary OKX marks three years of continuous Proof of Reserves reporting, confirming $35.4B in fully backed assets across 22 tokens. The exchange reports 75% year-over-year growth in reserves and 100%+ coverage for major assets like BTC, ETH, and USDT. User verification is surging, with ZK audits up 386% and “View My Audit” engagement up 123%. In a press release shared with crypto.news on Oct. 30, OKX announced that…
Bitcoin (BTC) miners have raised $11 billion in convertible debt — corporate debt that is convertible to stocks — over the last year, amid a pivot into artificial intelligence data centers. Miners completed 18 convertible bond deals following the April 2024 Bitcoin halving that slashed the block reward by 50%, according to TheMinerMag. The average convertible bond issue more than doubled, with mining companies MARA, Cipher Mining, IREN and TeraWulf each raising $1 billion through single bond issues. Some offerings have featured coupons as low as 0%, signaling investors’ willingness to waive interest payments in exchange for potential equity upside.…
A recent outage at Amazon Web Services (AWS) froze thousands of applications and reignited debate about web3’s reliance on centralized cloud providers. The disruption exposed how deeply crypto platforms still depend on Web2 infrastructure for systems meant to operate without interruption. How a Centralized Outage Crippled Decentralized Systems On October 20, 2025, the AWS US-EAST-1 region went dark for nearly three hours due to a DNS bug in its DynamoDB service, freezing thousands of applications worldwide. The outage, which began around 07:55 UTC and was resolved by 09:35 UTC, stemmed from a latent software defect that created an empty DNS…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. The Korean won and the Taiwan dollar can’t really leave their shores, bound by local rules born in the aftermath of the 1997 financial crisis that keep them home. Japan’s yen, by contrast, flows freely. That convertibility makes it the perfect candidate for a stablecoin that brings Japan’s low-rate liquidity into DeFi, where traders can chase…
The NFT market has been performing resiliently with Courtyard being the highest performing collection based on 24-hour trading volume. The platform registered a solid $1.11 million trading volume and 16.37K sales to establish the momentum of a bullish Q4. #NFT MARKET OVERVIEW TOP COLLECTION #Courtyard – 24H Volume $1.11M… pic.twitter.com/VjNgWXRldY — PHOENIX – Crypto News & Analytics (@pnxgrp) October 31, 2025 This spike reiterates a new wave of interest in digital collectibles especially those supported by vibrant community-driven engagements and inter-platform interactions. Pudgy Penguins and CryptoPunks Retain NFT Market Strength In the second place, following Courtyard, Pudgy Penguins recorded the…