Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Crypto Firm Co-Founder Pleads Guilty to $9M Wire Fraud Scheme Travis Ford, co-founder of Wolf Capital, has pleaded guilty to wire fraud conspiracy after defrauding over 2,800 investors out of $9.4 million. His promises of daily returns of 1-2%, equating to an astronomical 547% annually, have been exposed as a mirage. This case underscores the […]
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Indian Authorities Crack Down on Crypto Fraud: Kurrimela Ramesh Goud Arrested Indian authorities have arrested Kurrimela Ramesh Goud, a 47-year-old from Nellutla village in Jangoan District, for orchestrating a cryptocurrency fraud scheme that defrauded 44 investors of a staggering Rs. 95 crores ($11 million). The scam unraveled when victims demanded their promised returns, leading to […]
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The Crypto Ball: A New Era for Cryptocurrency in Washington On January 17, 2025, the Andrew W. Mellon Auditorium in Washington, D.C., will be the epicenter of a historic moment for the cryptocurrency industry. Coinciding with the inauguration of Donald Trump and J.D. Vance, the inaugural Crypto Ball will showcase the industry’s newfound influence in […]
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Does VC-Backed Equal VC-Secure? Understanding Blockchain Security in the Crypto World The crypto world has been shaken by several high-profile security breaches in venture capital (VC)-backed blockchain projects. These incidents expose the dangerous myth that substantial funding guarantees impregnable security. WazirX’s $235 million loss due to a multi-signature wallet vulnerability Radiant Capital’s $57.5 million hit […]
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Most Pump.fun Traders Yet to See Significant Profits, Data Indicates Pump.fun, a decentralized platform for Solana-based memecoins, has made waves in the world of decentralized finance (DeFi). Memecoins, cryptocurrencies often born from internet memes or viral trends, thrive on Pump.fun’s high-speed transactions and low fees. Despite the platform’s financial success, amassing nearly $398 million in […]
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North Dakota Explores Bitcoin Adoption with New Legislative Proposal North Dakota is considering investing state funds in Bitcoin and other digital assets with Resolution 3001, a move aimed at combating inflation. This non-binding proposal, while not a law, signals a growing trend among U.S. states to embrace cryptocurrencies in their financial strategies. North Dakota introduces […]
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Heritage Distilling Embraces Bitcoin, Joins Corporate Crypto Trend Heritage Distilling, a trailblazer in the spirits industry based in Gig Harbor, Washington, has announced its intention to adopt Bitcoin as both a strategic asset and a payment method, pending board approval. This move aligns the company with other forward-thinking firms like MicroStrategy, Cosmos Health, and Worksport, […]
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Bitcoin Treasury Proposal Urges Meta to Hedge Against Inflation Ethan Peck, a shareholder advocate from the National Center for Public Policy Research, has put forth a proposal urging Meta to allocate a portion of its large $72 billion cash reserves into Bitcoin as a hedge against inflation. Proposal to hedge Meta’s cash reserves with Bitcoin […]
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CFPB Proposes New Measures to Safeguard Consumers in Crypto and Digital Payments The Consumer Financial Protection Bureau (CFPB) is taking action to protect consumers in the realms of cryptocurrency and digital payments. With two new proposals aimed at curbing data surveillance and extending fraud protections, the CFPB is stepping up at a pivotal moment. However, […]
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Nubit’s Goldinals: Uniting Bitcoin’s Fragmented Ecosystem with a New Token Protocol Nubit has unveiled Goldinals, a pioneering unified token protocol designed to streamline Bitcoin’s fragmented ecosystem by boosting programmability, data availability, and asset creation. Nubit’s Goldinals aims to unify Bitcoin’s asset protocols. Goldinals leverages BitVM for enhanced programmability. Compatible with BRC-20, Runes, and Ordinals. In […]
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