Author: NBTC

Ethiopia has reportedly reduced electricity delivered to Bitcoin miners to 23% of contracted levels as lower water inflows strain the country’s hydroelectric reservoirs. On Tuesday, Bloomberg reported that El Niño intensified dry conditions in the east African country, reducing water inflows into its reservoirs by 20%. Ethiopian Electric Power (EEP) CEO Ashebir Balcha said the company cut power to miners to prioritize households and manufacturers. Balcha said EEP initially reduced deliveries to 75% of contracted levels, easing to 50% and then 23%. The company will reassess conditions in October and could impose further reductions or even restrict electricity exports to…

Monad has officially integrated $USDC, a significant move highlighted by the CryptoTwitter commentator @1inch. This integration allows $USDC users to swap onto one of the fastest EVM chains, reflecting a broader trend in the crypto market. As liquidity and transaction speed become increasingly important, this development could enhance user engagement and trading efficiency, as detailed in the 1inch tweet. What Happened The crypto market is currently exhibiting mixed signals, with varying momentum across major assets. The introduction of $USDC on Monad comes at a time when traders are looking for faster and more efficient platforms. This integration could potentially attract…

Though present in public discussion for years, the threat of quantum attacks – and the overall development of quantum computing – saw a massive increase in interest in 2026 as President Donald Trump’s administration unveiled $2 billion in investments to develop the technology. The community around the world’s premier cryptocurrency, Bitcoin ($BTC), is seemingly responding to the long-perceived danger by proposing new measures to safeguard the digital asset. Specifically, the BIP-361 proposal aims to incentivize individual holders to take the threat seriously by slowly raising the barriers to accessing funds held in accounts that have not seen proper security upgrades.…

The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks around the tokens. BIS General Manager Pablo Hernández de Cos, a candidate to succeed European Central Bank President Christine Lagarde next year, argued that stablecoins do not credibly function as a means of payment at scale. He said tokenized bank deposits offer a stronger alternative, Reuters reported on Friday. “Tokenised deposits offer a more direct path to harness tokenisation while preserving the monetary system’s foundations,” de Cos said. The comments come as regulators worldwide grapple with stablecoin…

Cardano price climbed above $0.20 after whales accumulated 240 million $ADA and futures trading activity surged 380% in one week. The Dijkstra era roadmap, community-funded development model, and new Cosmos connectivity have strengthened $ADA’s long-term narrative. All eyes are on August 9 ETF eligibility milestone, while technical analysts see a breakout above $0.23. Cardano price today is attracting attention after $ADA climbed above the $0.19 resistance level, gaining more than 6.34% in the past 24 hours. The rally comes as several catalysts align at the same time, including rising institutional interest, whale accumulation, governance upgrades, and growing derivatives activity. Whale…

Sweden’s tax authority has ordered six crypto companies operating in Boden to pay nearly 540 million Swedish kronor (approx. $56 million) in additional taxes after finding that the firms used business structures to obtain tax benefits they were not entitled to. Swedish public broadcaster SVT reported on Sept. 3 that the six companies accounted for most of the latest tax adjustments imposed on crypto businesses following a review by Skatteverket, the Swedish Tax Agency. The authority said some companies had structured their operations in ways that concealed crypto mining activity. Patrik Lillqvist, head of intelligence at Skatteverket, said the arrangements…

Russia Regulated Crypto Trading To Reach $46.43 billion During First Year Russian analyst has begun estimating the results of the legalization of crypto trading after the Bank of Russia passed a draft regulation allowing investors to purchase crypto assets legally through brokers, effective September 1. Sberbank Deputy Chairman of the Executive Board Anatoly Popov stressed that expectations for trading volumes during the first year of this new regime were conservative, as the bank projects that only a small part of the crypto activity would move to regulated brokers. Nonetheless, Sberbank expects regulated trading to reach at least 4 trillion rubles…

Kamino, one of Solana’s largest lending protocols with $1.4 billion of assets, is setting up shop in New York as it looks to bring its onchain credit business closer to Wall Street and expanding to tokenized assets. On Tuesday, the company named Yieldstreet co-founder Michael Weisz as CEO to lead that push. Kamino said it is looking at roughly 20,000 square feet of office space in New York and plans to hire a chief financial officer and head of legal. Weisz co-founded alternative investment platform Yieldstreet, now Willow Wealth, which deployed more than $6 billion alongside firms including Goldman Sachs,…

The United States has secured majority control of more than 65 billion barrels of Venezuela’s oil reserves, which could reshape global energy markets, but does it actually matter for bitcoin and crypto? President Trump announced on Friday that the US had secured majority control through an agreement involving Washington, Venezuela, and private businesses. He called it the “biggest oil deal in world history” and said it would substantially increase America’s effective oil reserves and ultimately bring down fuel prices. 65 Billion Barrels, But There’s a Catch The analysts at the Kobeissi Letter noted that the US currently has around 46…

$BNB Chain has surpassed Tron to become the largest blockchain in terms of stablecoin holders, marking a significant milestone in the stablecoin ecosystem. $BNB Chain currently has about 79.3 million stablecoin-holding addresses, just overtaking Tron’s 76.1 million, according to the most recent data from Token Terminal. The accomplishment signifies a significant change in the use of blockchain technology over the previous 12 months. The number of stablecoin holders on $BNB Chain has increased from about 42 million addresses to almost 80 million since late 2024, a roughly 54.5 percent increase. The new home for Stablecoins While Tron’s user base grew…