Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Chainalysis and Canadian Law Enforcement Crack Down on Crypto Scams in Operation Spincaster Chainalysis, a leading blockchain analytics firm, has teamed up with Canadian law enforcement to tackle cryptocurrency scams through Operation Spincaster. Launched in 2024, this initiative has already uncovered over $25 million in losses and identified more than 1,100 victims, primarily due to […]
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UK Treasury Exempts Crypto Staking from Collective Investment Scheme Rules The UK Treasury has announced a game-changing decision for the crypto world, exempting crypto staking from being classified as a collective investment scheme (CIS). Effective from January 31, 2025, this move promises a more straightforward regulatory path for blockchains like Ethereum and Solana. UK Treasury […]
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Tether Ventures into AI Filmmaking Amid Strategic Expansion and Stablecoin Dominance Tether, the powerhouse behind the leading stablecoin USDT, is embarking on a bold journey into the world of artificial intelligence, with a specific focus on AI-driven filmmaking. This move not only aims to diversify Tether’s portfolio but also seeks to revolutionize how films are […]
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One Wallet’s $10 Billion Dogecoin Stash: The Power of Robinhood and the Mystery of Its Owner A single wallet on Robinhood holds a staggering $9.3 billion worth of Dogecoin (DOGE), representing nearly a fifth of the cryptocurrency’s total circulating supply, currently valued at $55 billion. This concentration of wealth in one wallet underscores the significant […]
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Moscow Bitcoin Selloff: Russia Begins to Sell Coins Seized in BTC 1,032 Infraud Haul Russia has embarked on the sale of Bitcoin confiscated from Marat Tambiev, a former investigator convicted in a major bribery scandal involving the Infraud hacker group. The initial sale of nearly $10 million in Bitcoin marks the start of liquidating assets […]
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Senate Banking Committee Launches First-Ever Crypto Subcommittee, Led by Bitcoin Advocate Sen. Lummis U.S. forms new subcommittees on digital assets Senator Cynthia Lummis to lead Senate’s crypto-focused group President Trump’s Bitcoin support influences market The U.S. government is intensifying its engagement with the cryptocurrency sector by establishing new subcommittees focused on digital assets. Digital assets […]
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Polymarket Under Fire for California Wildfire Betting Markets Polymarket, a blockchain-based prediction platform, has sparked outrage by allowing users to bet on the outcomes of the Palisades wildfire in California. Critics argue betting on natural disasters is not only unethical but potentially dangerous, while Polymarket defends its actions, claiming they provide valuable real-time data. Polymarket’s […]
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AI Trading Agents: The DeFAI Revolution in Crypto DeFAI tokens, AI agents with trading capabilities, are emerging as a promising new category in the cryptocurrency sector, despite a total market cap of less than $1 billion. DeFAI tokens: AI trading agents Market cap under $1 billion Solana and Base chains GRIFFAIN, Hey Anon, ORBIT In […]
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Bitcoin in the Trash: $750M Lost as Judge Rejects Man’s Landfill Retrieval Bid in Newport James Howells, an IT engineer from Newport, Wales, has lost a decade-long legal battle to retrieve a hard drive containing 8,000 Bitcoins, valued at $700-750 million, from a local landfill. The Cardiff High Court dismissed his lawsuit against Newport City […]
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Gary Gensler’s Parting Shot: Crypto Market Under Fire Outgoing SEC Chair Gary Gensler has delivered a scathing critique of the cryptocurrency market, highlighting its struggles with compliance and the presence of “bad actors.” In his final interview, Gensler’s comments underscore the regulatory challenges facing the sector, despite it representing less than 1% of the US […]
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