Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
U.S. Senate Rejects GENIUS Act: Impact on Cryptocurrency Regulation and Stablecoins In a tense 48-49 vote, the U.S. Senate has thrown a wrench into the cryptocurrency industry’s plans by rejecting the Guiding Equitable and Novel Innovations in Stablecoins Act (GENIUS Act). This bill, designed to regulate stablecoins—a type of cryptocurrency designed to minimize the volatility […]
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Coinbase’s $2.9 Billion Acquisition of Deribit: A Game-Changer in the Crypto Options Market Coinbase’s monumental $2.9 billion acquisition of Deribit marks the largest merger in crypto history, signaling a strategic move into the booming crypto options market. Largest merger in crypto history at $2.9 billion Coinbase’s strategic push into crypto options market Surge in venture […]
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SEC’s Shift: Easing the Path for Tokenized Securities The U.S. Securities and Exchange Commission (SEC) is steering towards a more crypto-friendly horizon, with plans to ease the regulatory grip on companies issuing digital tokens tied to real-world assets. This move, highlighted by SEC Commissioner Hester Peirce, could mark a pivotal change in the landscape of […]
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Trump’s Ripple Effect: Crypto Endorsement Sparks Controversy In early March, U.S. President Donald Trump’s endorsement of Ripple (XRP), Solana (SOL), and Cardano (ADA) on Truth Social for a proposed U.S. “Crypto Strategic Reserve” caused a major stir. However, the revelation that a lobbyist from Ballard Partners, connected to Ripple Labs, drafted the post led to […]
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Swyftx Halts Withdrawals Amid Hack Rumors: A Closer Look at Cryptocurrency Security In the early hours of the morning, Swyftx, a prominent Australian cryptocurrency exchange, halted user access, withdrawals, and trading, sparking widespread concern and speculation of a potential hack among its users. Swyftx halts user access, withdrawals, and trading Speculation of a potential hack […]
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Cardano Founder Denies Allegations of $619 Million ICO Misconduct Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), has forcefully denied accusations of misappropriating $619 million in ADA during the platform’s Initial Coin Offering (ICO) between 2015 and 2017. Hoskinson refutes claims by X user Masato Alexander, who accused him of […]
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Maldives Launches $9 Billion Crypto City to Challenge Economic Giants The Maldives is embarking on a bold $9 billion project, the Maldives International Financial Centre (MIFC), aimed at transforming its capital, Malé, into a global hub for blockchain and digital finance. This ambitious venture seeks to reduce the country’s reliance on tourism and fisheries, positioning […]
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Space and Time Launches Mainnet, Revolutionizing ZK-Proof Data Layer Space and Time’s mainnet goes live, marking a pivotal moment for blockchain data security with its zero-knowledge proof technology. Decentralized data platform now on Microsoft Azure ZK-proofs ensure secure data retrieval Proof of SQL coprocessor enhances query efficiency Partnerships with major tech and blockchain players Community […]
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Strike Surges to $10M in BTC-Backed Loans Just Two Days Post-Launch Strike, the Bitcoin collateralized lending platform, has swiftly reached $10 million in loans merely two days after its launch on May 6. This rapid uptake signals a growing enthusiasm for solutions that allow Bitcoin holders to leverage their assets without selling them, potentially cementing […]
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Bitcoin Reaches $100,000 Milestone: What’s Next for BTC, XRP, and SHIB? Bitcoin has hit the monumental $100,000 mark, a psychological and technical milestone that has the crypto world buzzing. But what does this mean for Bitcoin and other cryptocurrencies like XRP and Shiba Inu (SHIB)? Bitcoin hits $100,000, faces overbought challenges. XRP tests critical resistance, […]
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