Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Crypto Miner-hunting Siberian Power Provider Finds Illegal Farm on Its Own Property A Siberian power provider in Irkutsk discovered an illegal crypto mining operation on its own property, shedding light on the ongoing battle against unauthorized mining in Russia. Illegal mining farm discovered on power company’s property in Irkutsk Power company fined and faces legal […]
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Japan’s FSA Proposes Crypto Reclassification: From Payment Tools to Investment Assets The Japanese Financial Services Agency (FSA) is set to redefine the role of cryptocurrencies, proposing to label them as “financial assets” in its 2025 tax reform plans. This change would shift their status from “payment instruments” under the current Payment Services Act, signaling a […]
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RWA Tokenization Explodes: TVL Soars 58X in Three Years The real-world asset (RWA) sector has seen its total value locked (TVL) skyrocket by 58 times over the past three years, reaching an impressive $8.217 billion. This surge is driven by key players like Hashnote and Usual, but not all platforms are riding the wave, with […]
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Fox Business Host Charles Gasparino Escalates Feud with XRP Community Fox Business reporter Charles Gasparino has intensified his feud with the XRP community, dismissing the notion of an “XRP army” and claiming that only insiders benefited from the cryptocurrency’s recent price rally. Gasparino denies the existence of an “XRP army” Criticizes Ripple lawsuit ruling as […]
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Crypto VC Funding Set to Surge: PitchBook Predicts $18B in Venture Capital for 2025 Venture capital funding for the cryptocurrency sector is poised to reach new heights in 2025, with PitchBook analyst Robert Le forecasting a staggering $18 billion or more in investments, marking a 50% increase from the previous year. 2025 VC Funding Projection: […]
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Will Corporate Ownership of Bitcoin Lead to Its Centralization and Loss of Freedom? As major corporations increasingly acquire Bitcoin, concerns grow about the potential centralization of the cryptocurrency and the erosion of its core principles of freedom and decentralization. Key players like MicroStrategy, Marathon Digital, Tesla, and others are holding significant stakes, raising questions about […]
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Kaspersky Exposes New Crypto Scam: Scammers Bait Thieves with Fake Seed Phrases Cybersecurity firm Kaspersky has uncovered a sophisticated scam where scammers use fake seed phrases to lure thieves into a trap, exploiting multi-signature wallets and transaction fees to steal from would-be criminals. Scammers post seed phrases in YouTube comments Multi-signature wallets and transaction fee […]
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Tether’s $1.3 Billion Supply Drop: Unpacking the Impact on Crypto Liquidity and Beyond – Tether’s supply drops by $1.3 billion – Concerns over market liquidity and dynamics – Impact on DeFi and other stablecoins analyzed Tether, one of the oldest and most widely used stablecoins, recently experienced a significant drop in its circulating supply by […]
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Tesla’s $1.5 Billion Bitcoin Investment: Navigating the Crypto Wild West Tesla’s bold $1.5 billion investment in Bitcoin in 2021 signaled a new era of corporate adoption of cryptocurrencies, but it also raised questions about the sustainability and volatility of digital assets. Tesla invested $1.5 billion in Bitcoin in 2021 Bitcoin’s volatility raises long-term concerns Alternatives […]
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Access Control Vulnerabilities Surge, Causing $1.7B in Crypto Hack Losses In 2024, the crypto world faced a staggering $1.7 billion in losses due to access control vulnerabilities, affecting centralized exchanges, decentralized platforms, and the gaming/metaverse sectors. This highlights the urgent need for robust security measures across the board. $1.7B lost due to access control vulnerabilities […]
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