Crypto news today is led by a broad market decline, new crypto rules in Nigeria and a tax change approved in Greece. Core Scientific plans to leave Bitcoin mining, while Zcash’s NU7 upgrade has gone live.
Here are developments reported on November 6, 2026, alongside market data available at 14:13 UTC. The stories cover policy changes, a company’s stated plans and a network upgrade, while prices across the listed major tokens were lower over 24 hours.
Crypto news today: markets slide as fear holds
Major tokens were lower over 24 hours at 14:13 UTC on November 6, according to CoinGecko. Bitcoin was priced at $75,480, down 5%, and Ethereum was at $2,224.90, down 6.65%. The Crypto Fear & Greed Index registered 28, classified as Fear.
| Asset | Price, USD | 24-hour change |
|---|---|---|
| Bitcoin (BTC) | $75,480 | -5.00% |
| Ethereum (ETH) | $2,224.90 | -6.65% |
| BNB | $693.85 | -2.24% |
| XRP | $1.18 | -9.50% |
| Solana (SOL) | $89.82 | -5.56% |
All prices and 24-hour changes in the table refer to 14:13 UTC on November 6, according to CoinGecko. The Fear & Greed reading places the index in its Fear category; it does not identify a cause for the market moves. The data shows declines across these five tokens, with XRP down 9.5% over 24 hours and BNB down 2.24%.
Nigeria bans algorithmic stablecoins and tightens licensing
Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services. Cointelegraph reported the measures on November 6. The Block also covered the development.
The reported changes combine a ban on one type of stablecoin with reserve requirements for issuers and broader oversight of crypto payment services. The supplied report does not provide further details about the rules, so this summary is limited to the measures it describes.
The announcement is specific to Nigeria. It does not establish how crypto payment services or stablecoin issuers are regulated in other countries. Cointelegraph reported on Nigeria’s stablecoin ban and issuer requirements.
Core Scientific plans to quit Bitcoin mining
Core Scientific plans to quit Bitcoin mining by the end of 2026 and become a pure-play data center provider in 2027, according to Cointelegraph. Bitcoin Magazine also covered the plan. Mining accounted for 7.5% of the company’s quarterly revenue, and the report described its AI business as surging.
The report presents a company-specific plan: move away from mining and toward data center provision. It does not establish that other mining companies will take the same approach. The reported 7.5% figure refers to Core Scientific’s quarterly revenue, not the share of its operations or its future revenue.
Cointelegraph reported on Core Scientific’s planned mining exit.
Greece approves a 10% tax on crypto gains from 2027
Greece approved a 10% tax on cryptocurrency gains starting in 2027, with an exemption for investors whose annual net gains do not exceed 500 euros, Cointelegraph reported. Bitcoin Magazine also covered the decision.
The reported rate, start date and exemption describe a Greek policy. They should not be read as a global tax standard or as a description of rules in other countries. The available evidence does not provide further details on how the tax will be applied.
Cointelegraph reported on Greece’s crypto gains tax.
Zcash NU7 goes live as open interest falls
Zcash’s NU7 upgrade went live on November 5, shortening the target block interval from 75 seconds to 25 seconds. U.Today said, citing a project statement, that the change makes private payments confirm three times faster. The upgrade also changes transaction fee allocation: 60% of fees goes to a reserve, while miners receive the remaining 40%.
U.Today reported that NU7 also increases capacity for the Orchard shielded pool and adds new limits for wallet protection from spam. Separately, U.Today reported a 7.8% decline in Zcash open interest, citing data from Coinglass. Open interest refers to the value of futures contracts that remain open. The report said ZEC was near $1,286, down 1.5% over 24 hours at the time; that figure is not a live quote for 14:13 UTC.
U.Today described the market response to the upgrade as mixed during a broader correction. It also said that a simultaneous decline in price and open interest usually suggests deleveraging, such as traders closing positions or positions being liquidated. The report does not establish which, if either, occurred in this case. Read U.Today’s report on the Zcash NU7 upgrade and open interest.
Other headlines
- Paraguay bank collapse: Decrypt reported that Ueno’s collapse trapped millions of Paraguayan depositors and triggered the president’s resignation, reviving Bitcoin’s self-custody argument. Cointelegraph also covered the story.
- Tokenized stocks: BeInCrypto and NewsBTC covered StockFi’s plans to connect U.S. stock tokens with on-chain products. BeInCrypto describes the platform as built on BSC, with plans for asset onboarding, token issuance, trading environments and user access.
- Tesla production: Decrypt reported that Tesla’s CEO said the company’s Texas plant would make room for the Cybercab, while sales of the Cybertruck were far below capacity. BeInCrypto also covered the report.
FAQ
What is the biggest crypto news today?
The developments include Nigeria’s ban on algorithmic stablecoins and reserve requirements for issuers, the market decline, and Core Scientific’s plan to leave Bitcoin mining by year-end.
Why are crypto prices falling today?
The supplied market data for November 6 shows 24-hour losses across the five listed major tokens, but the evidence does not identify a single cause. The Crypto Fear & Greed Index was 28, classified as Fear. That classification describes the index reading and does not explain each price move.
What changed in the Zcash NU7 upgrade?
NU7 reduced the target block interval from 75 seconds to 25 seconds and changed how transaction fees are divided, according to U.Today’s account of the project statement. The report also describes increased Orchard shielded pool capacity and new wallet spam-protection limits.
Sources
- Nigeria sets new crypto licensing rules, bans algorithmic stablecoins (Cointelegraph)
- Zcash (ZEC) OI Down 7.8% as NU7 Upgrade Goes Live (U.Today)
- Greece approves 10% tax on crypto gains starting in 2027 (Cointelegraph)
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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