Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Orange Finance Hacked: $840,000 Stolen from Arbitrum Liquidity Project Orange Finance, a liquidity management project on the Arbitrum blockchain, suffered a major hack resulting in the loss of at least $840,000. The hackers exploited the project’s admin address to manipulate smart contracts and siphon funds, sparking urgent calls for improved security measures across the DeFi […]
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Fed Calls Bitcoin Reserve Plan “Dumbest Idea Ever,” Yet Political Support Grows Last week, in a Federal Reserve boardroom, the notion of a US Strategic Bitcoin Reserve was met with sharp criticism, with officials branding it “the dumbest idea” they’ve ever heard. However, political momentum behind the idea continues to build, with figures like
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Movement Labs Nears $100M Series B Funding, Eyes $3B Valuation San Francisco-based Movement Labs is on the verge of securing a $100 million Series B funding round, aiming for a lofty $3 billion valuation. Led by CoinFund and co-led by Nova Fund, this round highlights the increasing investor interest in blockchain solutions that enhance digital […]
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Revolut Joins Pyth Network: A Leap Towards Bridging Traditional Finance and DeFi Can a digital banking giant like Revolut revolutionize the world of decentralized finance? Revolut, the U.K.’s leading digital banking platform, has boldly stepped into the DeFi arena by joining the Pyth Network as a data publisher, marking a pivotal moment in the convergence […]
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Hive Digital’s Texas Move and BitFuFu’s Big Buy: Navigating the New Crypto Landscape Hive Digital, a Bitcoin mining company, has shifted its operations from Vancouver, Canada, to San Antonio, Texas, betting on the incoming Trump administration’s pro-crypto policies and the robust U.S. capital markets. Meanwhile, Singapore-based BitFuFu secures a massive deal with Bitmain, signaling aggressive […]
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Inside the World of Crypto Mining Farms: The Ultimate Guide Crypto mining farms are vital to the blockchain ecosystem, serving as the backbone for validating transactions and minting new cryptocurrencies like Bitcoin. This guide delves into their operations, types, benefits, challenges, and future prospects, exploring the impact of renewable energy and alternatives like staking. How […]
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Gas Estimation is About to Get Easier on Ethereum Ethereum core developers are on the verge of implementing a crucial upgrade named eth_simulateV2, designed to revolutionize gas estimation on the network, making transactions smoother, cheaper, and less of a guessing game. Ethereum core developers working on eth_simulateV2 upgrade Aims to improve gas estimation accuracy and […]
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Thailand’s Crypto Tourism Initiative: Phuket’s Bitcoin Beach Awaits Picture this: you’re lounging on a sun-drenched beach in Phuket, sipping a cocktail, and paying for it with Bitcoin. This vision is becoming a reality as Thailand launches a pioneering crypto tourism initiative. Thailand introduces crypto payments in Phuket. Pilot program set for 2025 to boost tourism. […]
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Reserve Bank of India Warns of Digital Asset Threat to Financial Stability The Reserve Bank of India (RBI) has issued a stern warning about the potential threats that digital assets, including cryptocurrencies and stablecoins, pose to financial stability. In its December 2024 Financial Stability Report, the RBI outlined several risks that could undermine monetary policy, […]
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Our Audit Blindspot: Web3’s Future Depends on Rethinking Security Web3’s security is lagging behind other technological advancements, putting the entire ecosystem at risk. It’s high time we evolve our security practices to match the pace of innovation. Quantum computing and AI advancements in 2024 Web3 security stuck with manual audits Decentralized architecture increases attack surface […]
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