Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Abracadabra Finance Hit by $13M Exploit, Offers Hacker 20% Bounty In a shocking turn of events, Abracadabra Finance, a leading DeFi platform, was hit by a $13 million exploit, exposing the vulnerabilities in the world of decentralized finance. The breach targeted the platform’s gmCauldron smart contracts, which are specialized contracts used for lending and borrowing […]
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Solana’s Bold Vision: Challenging the Need for Layer-2 Solutions Anatoly Yakovenko, the visionary behind Solana, argues that layer-1 blockchains can handle global transaction demands, rendering the development of layer-2 solutions unnecessary. Solana co-founder argues against layer-2 solutions Claims layer-1 can process 24 billion transfers daily Challenges prevailing narrative on blockchain scaling Yakovenko’s bold claim is […]
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World Liberty Financial Launches USD1 Stablecoin Backed by U.S. Government Bonds and Dollar Reserves In a bold move that could shake up the crypto world, World Liberty Financial (WLFI), backed by former President Donald Trump, has launched USD1, a stablecoin aiming to redefine financial stability. WLFI’s new offering, fully backed by U.S. government bonds, dollar […]
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Fluidkey: Revolutionizing Privacy on EVM Chains with Stealth Addresses Fluidkey tackles the persistent challenge of transaction privacy on Ethereum Virtual Machine (EVM) chains by integrating Ethereum Name Service (ENS) domains with stealth addresses, offering a novel solution that balances privacy with regulatory compliance. Fluidkey enhances privacy by integrating ENS domains with stealth addresses on EVM […]
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Bitwise Expands Bitcoin Corporations ETF with Fold and Bitdeer Bitwise Investments has broadened its Bitcoin Standard Corporations ETF, now including Fold Holdings and Bitdeer Technologies. This move not only brings the total number of companies in the fund to 22 but also underscores the growing corporate embrace of Bitcoin as a strategic asset. Bitwise adds […]
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BlackRock’s BUIDL Fund Expands to Solana, Pioneering Tokenized Assets BlackRock has broadened its BUIDL fund to the Solana blockchain, now accessible on seven networks, as part of a surge in tokenized asset interest. Launched in March 2024, BUIDL has exceeded $1 billion in assets under management, offering U.S. dollar yield to qualified investors. BUIDL now […]
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IMF’s New Standards Signal Bitcoin’s Growing Role in Global Finance IMF releases new standards for monitoring crypto transactions. Bitcoin classified as a non-financial asset, stablecoins as financial instruments. U.S. and El Salvador make notable moves in crypto governance. The International Monetary Fund (IMF) has taken a bold leap into the digital age with the release […]
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Unbanked No More: How Deobanks Are Solving the Financial Access Problem Financial exclusion is a global crisis, leaving over 1.4 billion people without access to basic banking services. Deobanks, powered by blockchain technology, are breaking these barriers, offering a new hope for the unbanked. Traditional banks and neobanks, limited by KYC requirements and physical infrastructure, […]
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Kentucky Governor Signs Bitcoin Rights Bill: A Leap Forward in Crypto Legislation Kentucky Governor Andy Beshear has taken a significant step by signing House Bill 701, the “Bitcoin Rights” bill, into law, marking the state as a pioneer in protecting digital asset rights. This move, which received unanimous support in both the House and Senate, […]
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From the Ethereum Foundation to BR Capital: Vlad Martynov’s Blockchain Odyssey Vladislav Martynov’s journey through the blockchain industry is a testament to its evolution, from the early days of Bitcoin to the cutting-edge world of DeFi and Web3. As a high-tech entrepreneur and blockchain pioneer, Martynov’s insights offer a unique perspective on where the industry […]
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