Author: NBTC

Following Bitcoin’s plunge below the $100,000 level, miners are finding it much more difficult to make money. With electricity costing $0.06 per kWh, even those miners who use efficient mining machines (27.5 watts per terahash) are barely breaking even at around $97,000 per Bitcoin. Machines that are less efficient or have higher electricity costs are already be losing money. As $BTC falls below $100K, down 6% in the past 24 hours, mining revenue is under pressure. At $0.06/kWh, mining machines with a unit power of 27.5 W/T are now running near breakeven around $97K/BTC.View the full list here: https://t.co/IQ3u98NHsy pic.twitter.com/Y2ysJmmmyJ —…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Identity verification is a fundamental part of everyday activities. People need it in banks, workspaces, educational institutions, and healthcare facilities. But the traditional identity verification system is broken due to error-prone mechanisms, long delays, data silos, and non-compliance risks. Summary Traditional identity verification is plagued by errors, delays, and disjointed data systems, leading to rising identity theft and poor user experiences with repetitive KYC checks. By encrypting data off-chain and storing verification hashes on-chain, blockchain-based systems let…

The broader crypto market outlook remains subdued due to macro uncertainty, but large Ethereum investors are using the downturn to accumulate substantial holdings. On-chain data reveals a series of major purchases by institutional-scale investors, as Ethereum forms a local bottom, potentially ending the market selloff that began in late October. A newly created wallet bought 10,000 ETH worth roughly $34 million last Wednesday, as Ethereum formed a local bottom around $3,200. The same entity then purchased another 10,000 ETH yesterday, bringing its total holdings to $70 million, per Arkham Intelligence data. Separately, another whale acquired 24,007 ETH, worth over $82…

Ryder raises $3.2M in a seed round led by billionaire investor Tim Draper. Ryder One offers crypto security in under 60 seconds. Funding will support production, engineering and marketing team growth, and a major marketing campaign. Ryder plans to enable tap-to-pay and everyday crypto transactions via a companion app. Ryder, the company behind the user-friendly crypto hardware wallet Ryder One, has secured a significant seed investment to accelerate its growth. Ryder Raises $3.2M Seed Round Led By Tim Draper Ryder, has closed a $3.2 million seed funding round. The wallet is designed to give users complete crypto security in under…

A draft introduced in the Brazilian Congress seeks to void the recently issued stablecoin rules, arguing they represent regulatory overreach by the central bank. The proposal also accuses the bank of effectively creating new taxes by classifying stablecoin movements as equivalent to foreign-currency transactions. New Draft Law States Brazil’s Central Bank Exceeded Its Authority With New Stablecoin Rules The Facts The new rules recently issued by the Central Bank of Brazil regarding stablecoins are garnering rejection due to the effects they could have on the adoption of these tools in the country. A law draft introduced to the Congress by…

Bitcoin’s price is currently digging for gold, having fallen from highs above $120,000 to around $96,000, and it has triggered a sharp downturn in the mining sector, with revenues plunging to April levels after a sudden $7,000 drop in BTC’s value. According to a popular Chinese BTC miner on X, the previous generation of Bitcoin mining machines, the S19 and M60 series, have reached shutdown price, and if those running them do not shut them down, the electricity bill next month will start losing money. Outdated miners are packing up The announcement comes as miners are ditching the older generation…

London, UK — Uranium.io, the tokenization platform bringing the uranium market onchain, has been awarded Best New Product in the Innovation in Crypto & Web3 category at the Benzinga Global Fintech Awards.—The win, announced at the New York ceremony on November 10, highlights the growing intersection of real-world assets (RWAs) and decentralized finance.Tokenizing the World’s Most Strategic CommodityUranium.io’s award-winning product, xU3O8, represents physical ownership of uranium oxide (U3O8) — the stable, unenriched form of uranium used in nuclear fuel production. Each xU3O8 token is backed by verified reserves of uranium stored in a regulated facility operated by Cameco, one of…

Ethereum price appears to be losing momentum as trading activity slows and investor confidence softens. Summary Ethereum price is trades near support, down 30% from its all-time high. DEX volumes and TVL continue to fall across the Ethereum network. Spot ETH ETFs saw $107M in outflows, showing weaker investor demand. At press time, Ethereum was trading at $3,448, down about 3% in the past 24 hours. Over the last week, the price has moved between $3,216 and $3,633, losing 16% over the past month and now 30% below its August all-time high of $4,946. Trading activity has slowed. Ethereum’s (ETH)…

Investors should exercise “discernment” when considering privately-issued stablecoins, which carry all the risks of a central bank digital currency (CBDC) plus their own unique risks, according to Jeremy Kranz, founder and managing partner of venture capital firm Sentinel Global. Kranz called privately-issued stablecoins “central business digital currency,” which feature all of the surveillance, backdoors, programmability, and controls as CBDCs. He told Cointelegraph: “Central business digital currency is really not necessarily that different. So, if JP Morgan issued a dollar stablecoin and controlled it through the Patriot Act, or whatever else comes out in the future, they can freeze your money…

The US Financial Accounting Standards Board (FASB) is preparing to review how companies report cryptocurrency transfers. Bloomberg reports the board will discuss next week whether to add “accounting for crypto asset transfers” to its technical agenda. The discussion focuses on whether FASB should expand its 2023 crypto accounting rules or set clearer standards for when assets move between wallets, custodians, or service providers. Right now, companies often handle these transfers differently, making reporting inconsistent. Push to Fix Derecognition Confusion A key issue is deciding when a crypto asset should be removed from a company’s books. Currently, ambiguity exists when an…