Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Russia’s Crypto Mining Boom: Hardware Sales Surge Amid New Laws and Global Interest Ever wondered how Russia’s new crypto laws are reshaping the global mining landscape? Well, hold onto your hats because crypto mining hardware sales in Russia have just tripled in Q4 2024. A new law effective from November 1, 2024, now allows legal […]
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Mango Markets Shuts Down After $117M Hack, Users Given January Deadline to Exit Mango Markets, a notable DeFi platform operating on the Solana blockchain, has announced its closure following a devastating $117 million hack in October 2022. The platform’s governance voted unanimously to shut down, setting a final user exit date of January 13, 2025, […]
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FTX Creditors Set to Receive $1.2 Billion: A Path to Recovery Amid Crypto Turmoil In a significant step towards recovery, FTX, the once-thriving cryptocurrency exchange now in bankruptcy, has announced a comprehensive $1.2 billion compensation plan for its creditors. This plan, set to take effect in early January 2025, aims to offer a financial lifeline […]
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Pastor and Wife Charged with $3 Million Cryptocurrency Scam: The Dark Side of Crypto and Religion In a shocking twist of faith and finance, Eli Regalado, a pastor from Denver, and his wife Kaitlyn Regalado have been charged with defrauding investors out of $3 million through a cryptocurrency scheme involving a token called INDX Coin. […]
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Litecoin’s X Account Hacked to Promote Fake Solana-Based Token, Team Regains Control On January 11, Litecoin’s official X account was compromised to promote a fake token scam, claiming a new Litecoin token on the Solana network. The incident, part of a worrying trend of social media hacks in the crypto industry, was swiftly addressed by […]
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$850 Billion in Credit Losses Looming Over Banks in 2025, S&P Global Warns Banks worldwide are bracing for a staggering $850 billion in credit losses in 2025, according to S&P Global. Despite an overall improving economic situation, the global banking sector faces significant challenges, with potential impacts reaching beyond traditional finance into the world of […]
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El Salvador’s Tourism Surges Amid Bitcoin Adoption El Salvador has witnessed a significant increase in tourism following its groundbreaking adoption of Bitcoin as legal tender, with 3.9 million tourists visiting in 2024, marking a 22% rise from the previous year. 3.9 million tourists in 2024 (22% increase) Improved security and construction boom IMF agreement imposes […]
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Crypto VC Funding Soars: $190 Million Invested in Blockchain Innovations In the second week of 2025, the cryptocurrency venture capital sector surged with nearly $190 million invested across various blockchain projects, signaling a robust start to the year. $189.96 million total VC funding FTX EU sold to Backpack for $32.7 million VOOX raises $50 million […]
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Police Gain New Powers to Freeze Bank Accounts in Singapore’s Fight Against Scammers In the first half of 2024, Singapore witnessed a staggering 26,587 scam cases, prompting the country to take decisive action with the “Protection from Scams” bill. Here’s the deal: this new law grants police the authority to freeze bank accounts suspected of […]
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Exploring the Future of Indie Gaming with Blockchain Technology on Polkadot Premiered January 11th, 2025, the documentary “Blockchain Gaming – Indie Games On-chain” offers a deep dive into how blockchain technology, particularly within the Polkadot ecosystem, empowers indie game developers. Premiered January 11th, 2025 Directed by Pnin Focus on indie game development in the Polkadot […]
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