Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Sen. Ted Cruz Introduces FLARE Act to Boost Bitcoin Mining with Stranded Gas – FLARE Act encourages Bitcoin mining with stranded gas – Tax incentives offered to reduce emissions – Political opposition expected from Democrats Senator Ted Cruz has introduced the FLARE Act, a bill designed to incentivize Bitcoin miners to utilize stranded natural gas […]
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zkLend Thief Claims to Be Robbed: A Twist in the Tale of Stolen Crypto The hacker who stole 3,667 ETH from the zkLend lending platform in mid-February now claims to have been scammed themselves, adding a bizarre twist to the saga of stolen cryptocurrency. The perpetrator points fingers at a phishing site, leaving the crypto […]
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Crocodilus Malware: A New Threat to Android Users and Cryptocurrency Wallets Crocodilus, a new strain of malware targeting Android devices, poses a significant risk to mobile banking apps and cryptocurrency wallets. This sophisticated threat uses advanced techniques like remote control, black screen overlays, and an Accessibility Logger to steal sensitive information. Initially focused on Spain […]
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Kraken Embraces Ripple’s RLUSD, Boosting Stablecoin’s Cross-Border Payment Potential Kraken, a leading US crypto exchange, has added support for Ripple’s new stablecoin, RLUSD, enhancing its potential for cross-border payments. Launched in mid-December 2024, RLUSD has already surpassed a $293 million market cap and is now available on both the XRP Ledger and Ethereum blockchains. This […]
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FDUSD Stablecoin Depegs Amid Allegations and Liquidity Concerns FDUSD, a stablecoin issued by First Digital, recently experienced a dramatic depeg, plummeting to as low as $0.76 before recovering to around $0.97. This event was triggered by concerns over the liquidity of First Digital’s reserves and amplified by accusations from Tron founder Justin Sun. FDUSD depegged […]
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Major Survey Reveals 1 in 5 U.S. Adults Now Use Cryptocurrency One in five U.S. adults, or about 55 million people, are now using cryptocurrency, according to a groundbreaking survey by the National Cryptocurrency Association (NCA) and Harris Poll. This significant adoption rate spans diverse demographics and income levels, with a notable enthusiasm among those […]
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Critics Say Ethereum Must Empower L2s, Not Extract Value from Them Ye Zhang, co-founder of the layer-2 network Scroll, has ignited a fierce debate within the Ethereum community by opposing the idea of charging fees on Ethereum’s Layer-2 (L2) networks. He argues that such a move would prioritize short-term gains over the long-term growth and […]
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Digital Shift in Swiss Economy Shows Substantial Opportunity for Swiss Stablecoin, Bitcoin Suisse Says Switzerland’s transition from a cash-centric society to embracing digital payments is paving the way for Swiss stablecoins to play a significant role in the future of finance. 35% of in-store purchases now made with debit cards, surpassing cash. Bitcoin Suisse sees […]
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Ripple Integrates RLUSD into Payments Platform, Boosting Cross-Border Efficiency Ripple has taken a bold step forward by integrating its USD-backed stablecoin, RLUSD, into its Ripple Payments platform. This move aims to streamline cross-border transactions and expand the utility of RLUSD among financial institutions. Ripple integrates RLUSD into Ripple Payments RLUSD launched in December 2024 Market […]
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Coinbase CEO Brian Armstrong Advocates for Stablecoin Legislation to Boost U.S. Economy Imagine earning interest on your digital dollars without ever leaving your wallet. Coinbase CEO Brian Armstrong is pushing for stablecoin legislation that would make this a reality, potentially fueling economic growth and extending U.S. dollar dominance worldwide. Coinbase CEO pushes for on-chain interest […]
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