Author: NBTC

The FTX bankruptcy estate has made substantial progress in returning funds to creditors, distributing $7.1 billion across three rounds so far. The update came from creditor representative Sunil Kavuri, who confirmed the developments in a recent post on X. The once-prominent crypto exchange, which collapsed in November 2022, continues to unwind one of the most complex financial failures in the digital asset industry. The next payout round will take place in January 2026, with eligibility to be finalized in December 2025. This will mark the fourth major distribution since the estate began returning recovered assets earlier this year. FTX Estate…

Bitfarms just posted its latest earnings report for Q3 2025, and the results were straight-up disappointing. The company reported $69.25 million in revenue for the quarter ending September, falling about 16.7% short of what analysts at Zacks were expecting. That’s a big miss for a company that’s been riding high this year in terms of share price. On the profit side, Bitfarms logged a net loss of $0.02 per share, which exactly matched the Zacks estimate, but still shows there’s trouble under the hood. Compared to last year’s Q3 loss of $0.09 per share, the company has narrowed the gap,…

Binance, one of the world’s largest cryptocurrency exchanges, announced the listing of new spot trading pairs in an effort to expand trading options and improve user experience. Binance Lists MINA/USDC and XVG/USDC Trading Pairs According to the exchange’s official announcement, MINA/USDC and XVG/USDC trading pairs will be available on the Binance Spot platform at 11:00 on November 11, 2025. With the new listing, users will be able to trade Mina (MINA) and Verge (XVG) tokens for USD Coin (USDC). This move is part of Binance’s strategy to increase its USDC-based trading pairs. The exchange will also launch its Trading Bots…

The government of Kyrgyzstan is disconnecting all crypto mining facilities from the grid, citing energy shortages as the key reason. The Central Asian nation is heavily reliant on hydroelectric generation, and the water in one of its main reservoirs is now critically low. Authorities in Kyrgyzstan unplug mining hardware to save electricity Officials in Kyrgyzstan have ordered all crypto farms shut down as the country is experiencing significant deficits in terms of available electrical power. In an interview with the online news outlet 24.kg published Wednesday, Minister of Energy Taalaibek Ibraev announced: “Given the current electricity shortage, a decision has…

Wise, the global currency exchange and payment platform, is hiring a digital-asset product lead with a focus on stablecoins, a move that could signal the company’s expansion into the cryptocurrency space amid improving global regulation. Wise’s product director, Matthew Salisbury, posted the position on LinkedIn last week. The role will be based in London, where Wise’s global headquarters are located. “If you’ve built wallets and/or payments solution based on stablecoins and you now want to do it at Wise apply through the ad or DM me,” Salisbury wrote. Source: Matthew Salisbury According to the LinkedIn listing, which has already attracted…

In a stunning development that’s shaking the cryptocurrency world, Whale Alert has detected one of the largest USDT whale transfer movements of the year. A massive 235,661,219 USDT – valued at approximately $236 million – has just moved from an unknown wallet to the OKX exchange. This enormous transaction represents one of the most significant capital movements in recent crypto history, and market watchers are scrambling to understand its implications. What Does This Massive USDT Whale Transfer Mean? When we see a USDT whale transfer of this magnitude, it typically signals major market activity ahead. Large transfers to exchanges often…

At block height 923328, the Bitcoin blockchain logged its 23rd difficulty adjustment of the year, marking the seventh downward shift in 2025 and easing the mining process by 2.37% for those pursuing the next block reward. Bitcoin Miners Catch a Break as Network Difficulty Slides On Wednesday, the Bitcoin network registered a 2.37% dip in mining difficulty, trimming the metric from 155.97 trillion to 152.27 trillion. With bitcoin ( BTC) prices dragging and mining revenue trailing levels from 30 days ago, this latest adjustment is likely a welcome shift for miners. The hashprice — the estimated worth of a single…

UAE investors are charging ahead in the digital asset space, crushing global adoption rates and creating a massive opportunity for traditional wealth managers to evolve—or risk being left behind in the race to dominate crypto finance. UAE’s Crypto Momentum Signals Massive Wealth Shift Opportunity Global investors are rapidly expanding their exposure to digital assets, and the United Arab Emirates (UAE) has emerged as one of the most advanced markets in the world. Global wealth-tech provider Avaloq, a subsidiary of NEC Corporation, released a report last week titled Avaloq Wealth Insights 2025, revealing that UAE investors are leading global peers in…

Sam Bankman-Fried (SBF) is facing heavy criticism for seeking a presidential pardon. On-chain investigator ZachXBT, in particular, has slammed the convicted FTX founder for his arguments regarding the misuse of customer funds. The investigator argued against SBF receiving a pardon similar to the one granted to Binance founder Changpeng Zhao. ZachXBT noted the court should have convicted SBF for the alleged bribery of Chinese officials, in addition to the other charges. ZachXBT: Pardon Bid Ignores Misuse of Customer Funds ZachXBT’s criticism centered on the protection of user funds. He highlighted that FTX used $40 million of customer funds to pay…

Coinbase CEO Brian Armstrong is shattering the myth that crypto is only for the wealthy, declaring that anyone can invest with just a few dollars—reframing affordability and unlocking a new wave of inclusive participation in digital finance. Coinbase CEO Declares Crypto for Everyone With Micro-Investment Strategy Misunderstandings about the affordability of cryptocurrency investing continue to deter many potential participants from entering the market. A widespread belief persists that buying bitcoin or ethereum demands substantial capital, limiting accessibility for small investors. Addressing this misconception, Coinbase (Nasdaq: COIN) chief executive officer Brian Armstrong stated on social media platform X on Oct. 19…