Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
CoinSwitch Promises Recovery Through Rewards for WazirX Hack Victims In July 2024, WazirX, a prominent Indian cryptocurrency exchange, fell victim to a cyberattack, resulting in hackers stealing over $230 million in digital assets. In response, CoinSwitch, another major player in the Indian crypto market, launched the ‘CoinSwitch Cares‘ program, offering a lifeline to affected users […]
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Russian Man Brutally Assaulted and Robbed of $20,000 in Phuket Over Cryptocurrency Dispute In a harrowing incident in Phuket, Thailand, a 31-year-old Russian man named Zelimkhan was brutally assaulted and robbed of $20,000 by two associates over a cryptocurrency dispute. The assailants, Andrei and Dmitri, demanded repayment of a $120,000 cryptocurrency debt and attempted to […]
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Inside the Ethereum Foundation: Balancing Power, Transparency, and Decentralization The recent closure of “Week in Ethereum” has reignited debates about the Ethereum Foundation’s (EF) role and priorities, highlighting the ongoing tension between fostering growth and maintaining decentralization. Nurturing growth through grants Promoting decentralization Supporting public goods Community debates on transparency and public role Questions about […]
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Do Kwon’s Crypto Collapse Could Impact Over 1 Million Victims, US Prosecutors Estimate US prosecutors estimate that over one million individuals were affected by the collapse of the Terra ecosystem, founded by Do Kwon of Terraform Labs. This catastrophic event in May 2022 wiped out a staggering $50 billion valuation in just 72 hours, leaving […]
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Canada’s Bitcoin Future: Poilievre’s Vision for a Strategic Reserve Rumors of Justin Trudeau stepping down as Canadian Prime Minister have sparked speculation about a potential shift towards a more Bitcoin-friendly government, with Pierre Poilievre leading the charge. Poilievre, the Conservative Party leader, holds a commanding lead in polls, advocating for policies that could embrace digital […]
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$7.2 Billion in Crypto Token Unlocks Set to Impact Markets in January 2025 January 2025 is poised for a major shakeup in the cryptocurrency market, with an estimated $7.2 billion worth of tokens scheduled for release. According to data from CryptoRank, this massive influx of tokens could lead to significant market volatility and price fluctuations. […]
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Liberland’s January 2025 Congress Election: Pioneering Blockchain Democracy Liberland, the micronation nestled between Croatia and Serbia, has solidified its position as a trailblazer in digital governance by successfully conducting its January 2025 Congress Election using a blockchain-based voting system. This innovative approach not only reaffirmed Justin Sun as Prime Minister but also welcomed Tariq Javaid […]
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Ethereum Layer 2 Networks Surge: Handling 4.5x More Transactions Than Main Blockchain Ethereum’s Layer 2 (L2) networks, such as Base, Arbitrum, and Optimism, are at the forefront of blockchain scalability, handling over 4.5 times more transactions than the main Ethereum blockchain (Layer 1). These networks are becoming the go-to platforms for decentralized finance (DeFi), stablecoin […]
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South Korean Court Jails Kimchi Premium Crypto Trading Gang A South Korean court has sentenced four members of a “kimchi premium” crypto trading gang to jail, following their exploitation of the price disparity between cryptocurrencies in South Korea and international markets. South Korean court sentences four for exploiting kimchi premium. Gang smuggled $273.7 million out […]
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Gemini Settles with CFTC for $5 Million Over Misleading Bitcoin Futures Statements Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has agreed to a $5 million settlement with the Commodity Futures Trading Commission (CFTC) to address allegations of misleading statements about its Bitcoin futures product and undisclosed fee arrangements with market makers. Gemini pays […]
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