Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
NFT Market Plummets 50% Amid Crypto Downturn: Can It Rebound? Last week, the NFT market took a significant hit, experiencing a nearly 50% slump in sales volume to $152.7 million. This downturn occurred as Bitcoin and Ethereum prices fell, signaling a broader bearish trend in the cryptocurrency space. However, despite the decline in sales, the […]
Read Full Article
Unlocking the World of Crypto Debit Cards: Your Gateway to Spending Digital Assets Crypto debit cards are transforming how we use digital currencies, offering a seamless bridge between cryptocurrencies like Bitcoin and Ether and everyday spending. These cards enable users to convert their digital assets into traditional money at the point of sale, allowing purchases […]
Read Full Article
Blockchain Association Challenges IRS Over Crypto Broker Rules The battle for the soul of decentralized finance (DeFi) has reached a boiling point as the Blockchain Association and the Texas Blockchain Council take on the IRS in a lawsuit that could redefine the future of crypto. These new regulations, set to take effect in 2027, expand […]
Read Full Article
Top 10 Celebrities Leading the Crypto Charge with Bitcoin Investments Celebrities from various fields are embracing Bitcoin and other cryptocurrencies, driving mainstream acceptance and investment into digital assets. Elon Musk leads with investments in Bitcoin, Ethereum, and Dogecoin. Mark Cuban is known for his fluctuating views on Bitcoin. Jack Dorsey supports Bitcoin through his company […]
Read Full Article
South Korean Court Jails Bithumb CEO and Golfer in Crypto Bribery Scandal A South Korean court has sentenced former Bithumb CEO Lee Sang-jun to two years in prison and celebrity golfer Ahn Sung-hyun to four and a half years for their roles in a bribery and market manipulation scheme. The case highlights the darker side […]
Read Full Article
Sheila Warren’s X Account Hijacked After Resignation, Used to Promote Fake Token In a shocking turn of events, Sheila Warren, who recently stepped down as CEO of the Crypto Council for Innovation (CCI), had her X account compromised by scammers promoting a fake token called “BUD$”. This incident not only underscores the persistent security risks […]
Read Full Article
Is RBI’s Push for Instant Payments Hindering CBDC Adoption? In Mumbai, trying to pay for your chai with the new digital rupee might feel like bringing a knife to a gunfight, as everyone around you swipes their UPI. The Reserve Bank of India (RBI) rolled out its blockchain-based Central Bank Digital Currency (CBDC), the digital […]
Read Full Article
Bitcoin’s Surge on X: A 65% Growth in 2024 Amidst Market Highs and Volatility Bitcoin’s buzz on X exploded by 65% in 2024, driven by market highs and Elon Musk’s influence. But is the crypto king’s reign secure? Bitcoin mentions on X grew by 65% year-over-year in 2024. SEC approved spot Bitcoin ETFs, leading to […]
Read Full Article
Why the Altcoin Market Struggles to Rise? The altcoin market is facing a downturn, primarily due to Bitcoin’s high market dominance of 58.1%. However, there’s potential for an altcoin season in the first quarter, with Altura ($ALU) highlighted as a promising investment. Bitcoin dominance at 58.1% affects altcoin prices Altcoin season expected in Q1 Altura […]
Read Full Article
Japan and Russia Firmly Reject National Bitcoin Reserves Amid Global Uncertainty Japan and Russia have both taken a cautious stance by rejecting the establishment of national Bitcoin reserves, primarily due to concerns over cryptocurrency volatility and legal frameworks. Meanwhile, the United States and Brazil are actively exploring Bitcoin acquisition as part of their financial strategies. […]
Read Full Article