4h ago
Libya’s ultra-cheap electricity fuels covert Bitcoin mining and state crackdown
Libya’s heavily subsidized power, reportedly costing about $0.004 per kilowatt-hour, helped turn the country into a covert Bitcoin mining hub that once generated around 0.6% of global hash rate. As mining activity expanded in a legal grey zone and was estimated to consume roughly 2% of national electricity output, authorities responded with raids, hardware seizures and prison sentences while debating whether to regulate, tax or eliminate the sector.
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4h ago
1d ago
USDKG: Kyrgyzstan's gold-backed, USD-pegged stablecoin issues 50 million on Tron
Kyrgyzstan introduced USDKG, a USD-pegged stablecoin the project says is backed by physical gold, with an initial 50 million tokens issued on Tron and plans to support Ethereum. Launch materials describe an issuer with 100% state participation and operations run by a local private firm. Next, independent reserve attestations, clear redemption and real-world liquidity will determine credibility.
1d ago
11-29
US Labor Market Slowdown Introduces New Macro Headwinds for Bitcoin
Weakening US employment indicators are reshaping expectations for economic growth, interest rate trajectories and market liquidity. These shifts are introducing fresh macro headwinds for Bitcoin and the broader digital asset sector. Traders are recalibrating risk exposure amid mixed labor signals as the unemployment rate climbs to multi-year highs and monthly payroll additions moderate from post-pandemic peaks.
BTC
BTC+1.10%
11-29
11-28
Ethereum Fusaka Upgrade Set for December 3, 2025, Introducing PeerDAS and Blob Capacity Expansion
Ethereum will activate its Fusaka upgrade on December 3, 2025, at slot 13,164,544. The upgrade introduces PeerDAS technology through EIP-7594, enabling validators to verify rollup data by sampling random cells rather than downloading complete datasets. The protocol changes target rollup scalability by reducing validator bandwidth requirements while creating pathways for an 8x increase in blob capacity without requiring data center infrastructure for home stakers.
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ETH
ETH+3.73%
11-28