Author: NBTC
Bitcoin’s mining sector is under mounting pressure as the hash price, the industry’s key profitability metric, slips toward levels that could force smaller operators offline and strain the wider supply chain. Hash price, which measures expected daily revenue per unit of computational power, is currently around $42 per petahash per second (PH/s). The metric has been in steady decline since July, when it surged above $62 per PH/s. The push toward the $40 level leads Bitcoin mining operations, which are already facing razor-thin profit margins, to consider shutting down their rigs, according to TheMinerMag. The decline in hash price is…
The United Nations Development Programme (UNDP) plans to launch two initiatives aimed at helping countries adopt blockchain technology. Robert Pasicko, the leader of UNDP’s financial technology team, AltFinLab, told Cointelegraph at the UN City offices in Copenhagen, Denmark, that the organization plans to launch a blockchain education program for government officials alongside a blockchain advisory body. The initiative builds on the UNDP’s existing blockchain academy for UN staff, now aimed at helping governments implement blockchain in real-world applications. Pasicko said that “in a few weeks,” the new academy will begin operations and select four governments to work with. He expects…
Korea pledged up to $350 billion for U.S. projects in July 2025 to unlock relief on U.S. tariffs on Korean exports. Negotiators then argued over how much must be paid in cash versus loans, guarantees, or equity. On October 20, Industry Minister Kim Jung-kwan said Washington softened the idea of all-cash funding. Even so, the gap remains wide: reports put the U.S. ask near $200 billion in cash over eight years, while Seoul says it can manage about $15 billion per year without straining reserves or domestic credit. That tension now defines the policy path, the currency path, and the…
US President Donald Trump said he would not announce any new tariffs while the Supreme Court considers a critical case on tariffs. The president noted that a plan B would be needed in case the trial “does not proceed smoothly,” adding, “We can do other things, but they will be slower in comparison.” Trump’s comments come as the Supreme Court this week hears two separate legal challenges to the president’s use of the International Emergency Economic Powers Act (IEEPA) for tariffs, particularly those against Canada, which are also under scrutiny. During the hearing, the conservative-leaning Supreme Court justices sharply questioned…
Crypto media and wallet platform Bitcoin.com has partnered with Concordium, a privacy-focused layer-1 blockchain, to enable age-verified stablecoin payments across more than 75 million wallets on Bitcoin.com’s network. Announced on Thursday, the integration allows wallet users to verify specific identity attributes, such as age or jurisdiction, without revealing personal details. Verification occurs off-chain through independent third-party providers, and no personal data is stored on the blockchain. Each transaction utilizes zero-knowledge proof technology to verify compliance requirements while maintaining user privacy. Corbin Fraser, CEO of Bitcoin.com, said the ability to make age-verified payments helps balance user anonymity with regulatory compliance, an…
Cwallet, a popular crypto wallet, has announced its exclusive partnership with Conflux Network, a public L1 blockchain. The partnership is set to integrate the next-gen L1 blockchain infrastructure of Conflux Network with the thorough digital asset management capabilities of Cwallet. As disclosed by Cwallet in its official announcement on X, the development underscores a forward-looking endeavor to fortify the foundation for the cutting-edge payment and stablecoin ecosystems. Hence, this move is expected to significantly contribute to the development of a relatively interoperable and inclusive Web3 economy. Cwallet × Conflux Network: Advancing Web3 Together We’re excited to announce Cwallet’s partnership with…
On October 23, spot Bitcoin ETFs attracted $90.60 million in inflows, with none of the funds posting any outflows. On the other side, Ethereum ETFs recorded $93.60 million in outflows, according to SoSoValue. Bitcoin ETF Breakdown Bitcoin ETFs recorded a total of $90.60 million in inflows, with two funds posting any action for the day. Fidelity FBTC and BlackRock IBIT gained $57.92 million and $32.68 million, respectively. Total trading value in Bitcoin ETFs dropped to $3.34 billion, with net assets of $149.96 billion. This represents 6.78% of the Bitcoin market cap. Ethereum ETF Breakdown Ethereum ETFs also recorded $93.60 million…
With Washington tightening the screws on North Korea’s crypto-funded nuclear weapons programme, South Korea says it’s open to rethinking its own sanctions playbook. Summary South Korea may review its sanctions approach after the U.S. issued fresh actions targeting North Korea. The U.S. Treasury has sanctioned several individuals and entities with ties to North Korea. South Korea will coordinate closely with the U.S. to curb North Korea’s crypto-funded weapons program. During a recent interview, South Korean Vice Foreign Minister Kim Ji-na told local media that “coordination between South Korea and the United States” is important to address cryptocurrency theft by North…
Justin Sun-owned exchanges Poloniex and HTX appear to have withdrawn hundreds of millions of dollars in funds from the AAVE lending platform. The address 0x176F3DAb24a159341c0509bB36B833E7fdd0a132, labeled as “Poloniex 9” on Etherscan, is the address where Sun previously solicited the return of funds hacked from Poloniex. This address withdrew 45,000 ether (ETH) from AAVE on November 5 before almost immediately moving the funds to Lido. Read more: Justin Sun reveals Poloniex issues prevent proof of reserves He had also previously promised that Poloniex would be receiving a proof-of-reserves with third-party verification, a process that it itself described as an “audit” that…
Key Notes The Ethereum Layer-2 solution upgraded capacity after successfully transitioning from op-geth to op-reth client infrastructure. Network execution speed remains the primary scaling constraint requiring resolution before achieving higher throughput targets. Plans include reaching 400-500 Mgas/s by early 2026 through TrieDB implementation delivering significantly faster state retrieval. Base founder Jesse Pollak announced on Nov. 6 that the network increased its gas limit from 100 to 125 million gas per second. The capacity increase moves the Ethereum Layer-2 closer to its stated year-end target of 150 Mgas/s. NEWS: just scaled @base from 100 to 125 Mgas/s pic.twitter.com/PR0RcgkNhV — jesse.base.eth (@jessepollak)…