Author: NBTC

Authorities in a Russian region are planning to set up cryptocurrency mining farms near coal mining sites as part of efforts to slow down the decline in the region’s main industry. Local officials in the Siberian Kemerovo Oblast believe this will be economically feasible as it would take only a few years to return initial investments in crypto mining hardware. Coin mining could save coal mining in Kuzbas A crypto mining farm running next to a coal mine can pay for itself in about four or five years, according to official assessments made in Russia’s Kemerovo region. Economists have calculated…

Layer-1 proof-of-stake blockchain Concordium launched a mobile app that allows users to verify their age without disclosing their identity. According to a Tuesday announcement shared with Cointelegraph, the new solution — available as a mobile application for iOS and Android — uses zero-knowledge proofs (ZK-proofs) to allow users to prove their age without revealing their identity. The app creates an encrypted ID that can be used for age checks on third-party services. Concordium framed the launch as a privacy-friendly alternative to traditional ID-based systems at a time when concerns about government-mandated verification are growing. “The truth is that the web…

Liminal, a Hyperliquid-based DeFi protocol, has grown steadily since its launch in April, with its total value locked (TVL) crossing $90 million ahead of its newest feature release. The protocol surpassed $90 million on Aug. 10, a 71% increase from July 22, when it moved into its Epoch 1 phase, which opened Liminal to the public. The protocol was previously limited to users with invite codes. Liminal TVL – DeFiLlama Liminal automates delta-neutral strategies for select assets with Unit spot support on Hyperliquid. The protocol’s institutional mode allows for the generation and automation of sub-accounts on Hyperliquid, where users can…

As Bitcoin (BTC) breaks new records, altcoins are also experiencing upward movement. Ethereum (ETH) is close to breaking its previous ATH of 2021, while other major altcoins are also experiencing significant gains. With the uptrend expected to continue until the end of 2025, former Ark Invest analyst Chris Burniske announced new price targets for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). In a post from his X account, the analyst claimed that BTC would peak around $142,690, while ETH and Solana would reach $6,900 and $420, respectively. The strength of the movements in the coming months will determine whether the…

Whale Alert recently flagged a significant development in the crypto world: a staggering 250 million USDC minted at the USDC Treasury. This isn’t just a large number; it’s a noteworthy event that provides crucial insights into the evolving stablecoin landscape. Understanding this substantial stablecoin minting helps us gauge shifts in liquidity and anticipate potential crypto market impact, especially concerning the overall USDC supply. What Does USDC Minted Actually Mean? When we talk about USDC minted, we are referring to the creation of new USDC tokens. USDC is a prominent stablecoin, meaning its value is pegged 1:1 to the US dollar.…

Elon Musk’s social platform X now supports Bitcoin tipping through a third-party integration with BitBit, a self-custodial wallet that uses the Lightning Network. The new feature went live on August 18 and is accessible via Chrome-compatible browsers. BitBit enables users to send and receive Bitcoin tips on X without giving up custody of their funds. The wallet is not an official X product but operates as an overlay within the platform’s interface. Tip recipients have 21 days to claim their funds before they are automatically refunded to the sender. BitBit is powered by Lightspark’s Spark infrastructure, which facilitates Lightning Network…

Skybridge Capital today announced it will tokenize $300 million of its flagship hedge funds on the Avalanche blockchain network. This landmark initiative represents a collaboration with enterprise-grade tokenization leader Tokeny and its parent company, Apex Group Ltd., a global financial services provider servicing over $3.5 trillion in assets. “Tokenizing our funds on Avalanche, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant step forward in modernizing the alternative investment landscape,” said Anthony Scaramucci, Founder & CEO of SkyBridge Capital. “We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency,…

The past year or two have seen Etherlink (an EVM compatible L2) catalyze a major growth spurt across the Tezos ecosystem; thanks, in large part, to its inheritance of the latter’s security and governance framework alongside several Ethereum-like development tools. Most recently, Etherlink announced a series of collaborations to help spur DeFi activity on Tezos, with one of the most important ones being its partnership with Bitcoin capital markets provider Lombard Finance. To elaborate, the firm deployed its flagship offering (a liquid staking token called ‘$LBTC’) atop the network, enabling holders to maintain their Bitcoin exposure while earning staking rewards…

Ethereum (ETH) has undoubtedly been the most notable crypto asset in recent days, as its rally has pushed it past $4,700, approaching its highest level since 2021. Analysts say that the reason behind Ethereum’s recent rise is the growing expectation that the Fed will make its first interest rate cut of the year in September. However, one analyst warned investors about the ETH rally. Swyftx chief analyst Pav Hundal warned that Ethereum investors are overly optimistic about US interest rate cuts, but that this optimism may already be priced in and could result in a decline. “The current Ethereum price…

Over half of the 25 largest US banks are now weighing or rolling out crypto-related products. An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading. The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital asset offerings are steadily entering mainstream wealth and capital-markets pipelines. Concrete moves since early 2024 help explain the shift. Morgan Stanley considered letting its 15,000 brokers recommend spot Bitcoin exchange-traded funds (ETFs) to clients, working on guardrails for suitability and allocations, a sign of expanding…