Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
FTX to Begin Repaying Creditors with $11.4 Billion in Cash by May 30 FTX, once a titan in the crypto world, is gearing up to turn the page on its dramatic collapse by initiating creditor repayments. With $11.4 billion recovered, the company plans to distribute funds to major creditors by May 30. However, the decision […]
Read Full Article
Ethereum’s Time is Meow? Vitalik Buterin’s Viral Video Greeted with Derision Ethereum co-founder Vitalik Buterin’s viral “meow” video has sparked diverse reactions amidst Ethereum’s price struggles. Vitalik Buterin’s viral video on X.com Ether’s price drop since December 2024 Buterin’s political stance and public persona The Viral Video Vitalik Buterin, the co-founder of Ethereum, recently went […]
Read Full Article
MARA Holdings Launches $2B Stock Offering to Boost Bitcoin Holdings MARA Holdings, a key player in the Bitcoin mining sector, has announced a $2 billion public stock offering to further its “Hodl” strategy, which involves holding onto Bitcoin for the long term. This move, facilitated through an at-the-market (ATM) equity program with investment banks like […]
Read Full Article
Dogecoin Mining Heats Up as Small Businesses Cash In Dogecoin mining is gaining popularity among small businesses, driven by lower entry barriers and the potential for daily profits. Dogecoin mining gains traction among small businesses Merged mining boosts profitability Elon Musk’s influence drives Dogecoin’s popularity The Rise of Dogecoin Mining At the Mining Disrupt conference […]
Read Full Article
El Salvador’s Nayib Bukele Confirms Potential Meeting with Donald Trump – Bukele hints at meeting with Trump, potentially discussing Bitcoin – First Western Hemisphere leader to visit Trump – El Salvador’s economic transformation under Bukele’s leadership – Trump’s recent embrace of cryptocurrency – Bitcoin’s current value and its implications El Salvador’s President Nayib Bukele has […]
Read Full Article
Hyperliquid’s Bold Move to On-Chain Validation After $6 Million JELLY Exploit In a dramatic turn of events, Hyperliquid, a leading platform in decentralized finance, faced a $6 million exploit with the JELLY memecoin that shook its foundations. Now, it’s fighting back with a significant upgrade to bolster trust and transparency, shifting to on-chain validation for […]
Read Full Article
Scammers Exploit Smartphone Users with Fake Toll Texts, Drain Bank Accounts A new wave of smishing attacks is targeting American smartphone users, with scammers impersonating state toll services to steal debit and credit card information. These fraudulent texts, claiming unpaid highway tolls, have led to over 2,000 reported complaints to the FBI’s Internet Crime Complaint […]
Read Full Article
Thai SEC Cracks Down on OKX: Unlicensed Operations Lead to Criminal Charges The Thai Securities and Exchange Commission (SEC) has filed a criminal complaint against OKX, a global cryptocurrency exchange, and nine associated individuals for operating without the necessary authorization in Thailand. This move underscores the country’s commitment to enforcing stringent regulations within the digital […]
Read Full Article
Sonic Labs Abandons USD Stablecoin Amid Regulatory Hurdles, Shifts Focus to UAE Dirham Sonic Labs has ditched its plans for a USD-backed algorithmic stablecoin, choosing instead to pursue a UAE dirham-backed alternative. This strategic pivot comes as the U.S. tightens its grip on crypto regulations, while the UAE prepares for its blockchain-based digital dirham initiative. […]
Read Full Article
Consumer Court Dismisses WazirX Hack Victims’ Complaints: What’s Next? A consumer court in India has dealt a setback to investors affected by the WazirX hack, dismissing their complaints due to the lack of regulatory clarity on cryptocurrency transactions. However, the fight for justice continues as victims plan to appeal to the Supreme Court, while WazirX […]
Read Full Article