Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Frax USD Stablecoin: Paving the Way with New Collateral Options Securitize has put forward a bold proposal to use BlackRock’s BUIDL token as collateral for the Frax USD stablecoin, aiming to elevate its standing in the market. Currently under governance review, this initiative promises to boost utility and cut down counterparty risk, but not without […]
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Former Pastor Charged in $5.9 Million Crypto Fraud Scheme A tale of betrayal and greed has unfolded with Francier Obando Pinillo, a former pastor, at its center. Charged by the US Commodity Futures Trading Commission (CFTC), Pinillo is accused of orchestrating a cryptocurrency pyramid scheme called “Solanofi,” swindling $5.9 million from his former congregants and […]
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Michael Saylor’s Bold Bitcoin Pitch to Jeff Bezos Michael Saylor, the outspoken co-founder of MicroStrategy, is stirring the pot with a daring proposition for Amazon’s founder, Jeff Bezos: instead of allegedly splashing $600 million on a wedding, consider sinking $100 million into Bitcoin. Bezos, however, has labeled the wedding story as baseless. Saylor’s pitch, meanwhile, […]
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Belarus Welcomes Crypto Miners with Open Arms and Incentives Belarus is establishing itself as a burgeoning hub for cryptocurrency miners, rolling out incentives to attract investment and capitalizing on its expanded energy capacity. As Deputy Minister of Energy Denis Moroz leads the charge, interest from mining investors is on the rise, aiming to leverage Belarus’s […]
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Trump’s Crypto Council: A Bold Step into the Digital Future In a surprising yet calculated move, former President Donald Trump has announced the creation of a new advisory body, the Presidential Council of Advisers for Digital Assets, commonly referred to as the ‘Crypto Council.’ This initiative aims to cement America’s leadership in blockchain and digital […]
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Trust Wallet Users Alarmed by Vanishing Balances: Technical Glitch Unnerves Crypto Community Trust Wallet users were thrown into a state of anxiety when their cryptocurrency balances seemed to vanish overnight. Fortunately, the situation was due to a technical glitch rather than a security threat. Yet, this incident has ignited fresh concerns about the security of […]
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85-Year-Old Brooklyn Painter Swindled by NFT Con Artists, Loses Life Savings An 85-year-old Brooklyn painter has tragically lost his life savings of $135,000 in an elaborate NFT scam. Misled by promises that his artwork would be sold as NFTs for a substantial profit on OpenSea, the artist was left empty-handed—a stark reminder of the digital […]
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Charles Hoskinson Advocates for Bipartisan Crypto Regulation Charles Hoskinson, the indomitable founder of Cardano, is diving headfirst into the political arena with one clear mission: to dismantle the partisan barriers obstructing sensible cryptocurrency regulation. Engaging with Democratic Senators, including the ostensibly promising John Fetterman, Hoskinson seeks to champion the immense potential of cryptocurrency while advocating […]
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Social Media Influencer Haliey Welch Under Fire for Alleged HAWK Memecoin Scam Haliey Welch, a 22-year-old social media influencer, is mired in controversy with allegations of her involvement in a crypto rug pull scam involving the Solana-based HAWK memecoin. Despite facing serious accusations, Welch asserts her innocence and has pledged to cooperate fully with legal […]
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Compass Mining Powers Up: Texas Facility Marks a Major Milestone Compass Mining is making substantial waves in the cryptocurrency world with a new Bitcoin mining facility in Texas. With an initial capacity of 25 megawatts (MW) planned to be operational by early January 2025, and ambitions to scale up to 60 MW by the third […]
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