Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
UAE Tax Authority Clarifies VAT on Cryptocurrency Mining Services The UAE’s Federal Tax Authority (FTA) has introduced new VAT rules that distinguish between personal and commercial cryptocurrency mining, aiming to foster clarity and growth in the crypto sector. Crypto miners providing services to others must pay a 5% VAT. Personal miners are exempt from VAT. […]
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Ethereum Validators Eye Gas Limit Hike to Meet Soaring Network Demand Ethereum’s validators are considering a significant change: increasing the gas limit from 30 million to 40 million to cope with the network’s surging demand. The gas limit, which determines the maximum computational effort allowed per block, is crucial for Ethereum’s transaction capacity. This potential […]
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An Ordinal NFT Sells For Over $6M: Is The NFT Market Poised for Another Bull Run? In a jaw-dropping display of digital wealth, an Ordinal NFT just sold for over $6.2 million. This monumental transaction has sparked significant interest in the cryptocurrency community, raising questions about whether the NFT market is gearing up for another […]
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Exploring Autonomous AI Paranets: The Future of AI and Robotics Collaboration At CES 2025, tech visionary Robert Scoble unveiled a groundbreaking concept that could revolutionize how AI and robots interact: Autonomous AI Paranets. These decentralized networks are designed to facilitate seamless collaboration between machines and humans, managing data packets known as “knowledge assets” that are […]
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U.S. Government Moves to Return Stolen Bitfinex BTC, Claims No Victims in 2016 Hack – U.S. Government to return 94,643 BTC stolen in 2016 Bitfinex hack – No direct victims due to Bitfinex issuing BFX tokens – Arrests of Ilya Lichtenstein and Heather Morgan for laundering stolen funds – Implications for cryptocurrency security and regulation […]
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Ethereum’s Blockchain Puzzle: Tackling the Challenge of Duplicate Blocks Ethereum’s blockchain, renowned for its smart contract capabilities, faces a significant challenge with duplicate blocks that disrupt its reliability. Understanding and resolving this issue is crucial for enhancing Ethereum’s efficiency and ensuring its long-term viability. Duplicate blocks: what they are and why they matter Root causes: […]
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Dutch AFM Grants First MiCA Licenses to Four Crypto Firms: A Step Towards Unified Crypto Regulation in the EU The Dutch Authority for the Financial Markets (AFM) has issued the first four Virtual Asset Service Provider (VASP) licenses under the new Markets in Crypto-Assets (MiCA) regulation. MoonPay, Hidden Road, BitStaete, and ZBD are among the […]
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US Law Firm Targets Solana Meme Coin Launchpad Pump.fun in Lawsuit Over Investor Losses New York-based law firm Burwick is taking legal action against Solana meme coin launchpad Pump.fun, alleging that the platform has defrauded investors by generating hundreds of millions in fees while allowing illegal activities to flourish. This lawsuit shines a spotlight on […]
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Ledger: A Decade of Championing Crypto Security Since its inception in 2014, Ledger has been a cornerstone in the cryptocurrency world, celebrating its 10th anniversary in 2024. With over 6 million customers globally, Ledger has solidified its position as a leader in hardware wallet solutions, continually pushing the boundaries of security and privacy in the […]
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Swiss AMINA Bank Eliminates Custody Fees for USDC, Eyes Stablecoin Growth Swiss AMINA Bank is making waves in the crypto world by waiving custody fees for USDC holders, aiming to boost stablecoin adoption and offer rewards. This bold move positions the bank as a leader in the stablecoin market, with plans to include EURC and […]
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