Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
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ASIC is seeking input on capital and custody rules for Australian crypto firms, but no specific changes, affected businesses or feedback deadline have been identified. What the regulator ultimately proposes will determine the impact on firms and customers.
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Patrick Witt’s temporary White House assignment has ended as Senate talks over the CLARITY Act remain stalled. The bill failed to advance in a procedural vote, not a final rejection—and reporting does not link the two developments.
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BingX is reported to have secured an Austrian MiCA license and plans to target 29 EEA countries, but the approval, its service scope and the expansion timeline remain unverified. Here’s what is known—and what still needs confirmation.
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Patrick Witt’s temporary White House crypto post has ended without a named successor, as Senate talks on the CLARITY Act remain stalled. Disputes over stablecoin rewards and ethics rules persist, but the failed procedural vote was not a final rejection of the bill.
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Bitcoin’s hashrate may have climbed back above 1 ZH/s after a February low, but missing dates, data sources and averaging details leave the milestone unverified. A separate late-May estimate put the network below the threshold—and hashrate alone doesn’t predict BTC’s price.
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Patrick Witt’s temporary White House assignment has ended, leaving the Crypto Council’s executive director role vacant with no successor identified. His departure comes as Senate negotiations over the stalled Clarity Act remain unresolved, though no direct link between the two has been established.
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A Faraday cage could help shield certain systems from electromagnetic leakage, but claims that Coinbase used one to protect cold-storage keys lack the details needed for verification. What the measure would protect—and whether it is still used—remains unknown.
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Stablecoin cards may offer more durable value through lower FX costs than cashback, but claimed savings remain unverified and repeat spending doesn’t prove customer retention. Their promise also comes with issuer, infrastructure and custody risks that users shouldn’t ignore.
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The OCC found that some reviewed banks restricted services to crypto businesses, often citing financial-crime concerns. But it could not measure how many firms were affected, document specific account closures, or determine whether any bank acted unlawfully.
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A Brooklyn man was sentenced to four to 12 years for impersonating a Coinbase representative and stealing nearly $16 million from about 100 users. The court ordered restitution, but repayment is not guaranteed—and separate claims of a major website takedown remain unverified.
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