Author: NBTC

Bitcoin’s mining difficulty has hit a new all-time high of 142.3 trillion, marking a 29.6% increase since the beginning of the year. Mining difficulty is an average measure of how many hash functions miners need to calculate to mine one block, with a rising figure indicating that mining is becoming more computationally intensive. Difficulty is recalibrated every 2,0116 blocks in order to ensure a ten-minute block time, adapting to any increases (or decreases) in the Bitcoin network’s hash power. Accordingly, Bitcoin’s hashrate has also set a new record high, moving to 1.09 ZH/s, or 1,090,000,000,000,000,000 hashes. The latest milestone comes…

Fidelity Investments has purchased 20,308.98 Ethereum (ETH) tokens, that is worth around $91.8 million. This is a pretty big thing for the crypto market and was reported by Crypto Rover via X. It shows that big financial companies are taking Ethereum more seriously. A lot of people are taking this as a sign that crypto is slowly becoming a part of traditional finance. A Strategic Move into Ethereum This purchase by Fidelity is a part of a plan to grow its digital asset holdings. They bought the ETH through Fidelity’s Ethereum Fund (FETH). This fund gives investors a way to…

A majority of financial institutions and corporations not currently using stablecoins plan to deploy them within the next six to twelve months, according to an EY-Parthenon survey published Sept. 15. The survey of 350 decision-makers revealed that 54% of non-stablecoin users expect to begin implementation by 2026. This represents a potential surge in adoption from the current 13% utilization rate across financial institutions and corporates globally. Organizations cited reduced transaction costs and faster cross-border payments as primary motivators for stablecoin adoption. Among current users, 41% reported cost savings exceeding 10% compared to traditional payment methods. Cross-border supplier payments are the…

The crypto industry is facing criticism for insufficient support of free speech. After Charlie Kirk’s murder last week, the community has been silent on Trump’s new wave of McCarthyist mass firings. Many of the same personalities who spent President Biden’s term defending free speech are either silent or actively gloating about this situation. One thing is certain: crypto has changed in the last few years. Crypto, Free Speech, and Charlie Kirk Bitcoin was invented with libertarian principles to be trustless and borderless, and free speech has long been a crucial issue for the crypto community. Many prominent community figures strenuously…

Kraken has announced a partnership with Trust Wallet to integrate xStocks, its tokenized equities product, into the self-custody wallet. The integration will allow Trust Wallet users to buy 60 different xStocks using multiple fiat currencies and transfer them across blockchains including Solana, BNB Chain, TRON, and Ethereum. In parallel, other exchanges and brokers are advancing tokenized equities: Coinbase is seeking U.S. Securities and Exchange Commission approval to offer blockchain-based trading of traditional stocks, while Robinhood has launched tokenized versions of major U.S. equities for European users under EU regulatory oversight. Arjun Sethi, co-CEO of Kraken, Source: Youtube Backed will continue…

Key Highlights Laos aims to monetize excess hydropower with cryptocurrency mining Dams have displaced thousands and disrupted rivers and fisheries High public debt and inflation create risks for the digital economy plan Laos Looks to Turn Excess Hydropower into Crypto Profits Laos is exploring the use of excess hydroelectric power for cryptocurrency mining, sparking both international interest and domestic criticism, according to media reports. The country’s long-running dam construction program has created a surplus of electricity while leaving Laos with billions of dollars in debt. Authorities are now seeking to monetize this excess through the energy-intensive crypto industry. A report…

Ethereum ($ETH) is back in the spotlight as bearish analysts warn of an incoming crash. Some market voices are even urging traders to sell their ETH positions before a supposed downturn. The concern is based on interpretations of a potential Head and Shoulders pattern forming on the daily chart. But a closer look at the data tells a very different story — one that leans more bullish than bearish. ETH Coin Key Levels to Watch Immediate Support: $4,356 – now turned into a support zone after the breakout. Major Support: $4,208 and $3,838 – both levels align with moving averages…

Summary Bank of England’s stablecoin cap sparks pushback from crypto leaders UK stablecoin limits draw criticism over enforceability and market impact Crypto industry warns “no other major jurisdiction has deemed it necessary to impose caps” UK regulators propose caps on stablecoin ownership to protect financial stability. The crypto industry criticizes the plan as costly, unnecessary, and counterproductive, to say the least. The Bank of England‘s plan to impose strict limits on stablecoin ownership reportedly drew immediate criticism from crypto and payments industry groups, who said the proposed caps — £10,000–20,000 per individual and £10 million per business for all systemic…

Canada’s central bank is calling for the country to establish a stablecoin regulatory framework to modernize the payment system and avoid falling behind other countries that are moving forward with such policies. “Even if you’re on the right track, you’ll get run over if you sit there,” Ron Morrow, the executive director of payments, supervision and oversight at the Bank of Canada, said in a speech Thursday at the Chartered Professional Accountants conference in Ottawa, Canada, a transcript of which was published on the central bank’s website. Morrow called on federal and provincial regulators to create a policy framework for…

The cryptocurrency world is buzzing with activity, and a recent report from Whale Alert has caught significant attention. A staggering 250 million USDC minted at the USDC Treasury has been reported, signaling a notable movement within the stablecoin ecosystem. This substantial transaction often indicates underlying market shifts or preparations for major financial operations. For those new to the space, USDC is a prominent stablecoin, meaning its value is pegged 1:1 to the US Dollar. It plays a crucial role in providing stability and liquidity across various decentralized finance (DeFi) platforms and centralized exchanges. Understanding the implications of such a large…