Adbytes Insights

Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.

Marks & Spencer Suffers $403M Loss from DragonForce Cyberattack: Customer Data Exposed

Marks & Spencer Suffers $403M Loss from DragonForce Cyberattack: Customer Data Exposed

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Marks & Spencer Faces $403 Million Loss After Sophisticated Cyberattack Marks & Spencer (M&S), a pillar of the British retail sector, is grappling with a projected financial loss of $403 million following a cyberattack orchestrated by the hacking group DragonForce. The attack not only disrupted M&S’s operations but also exposed sensitive customer data, raising serious […]

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Thief Swaps $42.5M Stolen Bitcoin to Ethereum, Trolls ZachXBT in Coinbase Exploit

Thief Swaps $42.5M Stolen Bitcoin to Ethereum, Trolls ZachXBT in Coinbase Exploit

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Thief Behind Massive Coinbase Exploit Swaps Stolen Crypto and Trolls On-Chain Sleuth ZachXBT In a digital heist straight out of a cyberpunk novel, a thief behind a massive Coinbase exploit not only swapped millions in stolen Bitcoin but also taunted a renowned blockchain sleuth on-chain, showcasing the audacity and sophistication of modern cybercriminals. Thief swaps […]

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Ember Sword Closes: Funding Dries Up for Ethereum MMORPG Despite $203M NFT Sales

Ember Sword Closes: Funding Dries Up for Ethereum MMORPG Despite $203M NFT Sales

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Ember Sword, Ethereum-Based MMORPG, Shuts Down Amid Funding Woes In the high-stakes world of web3 gaming, even the most promising projects can fall victim to the harsh realities of funding and market dynamics. Ember Sword, a once-thriving Ethereum-based MMORPG, has become the latest casualty after announcing its closure due to insufficient financial support. Ember Sword […]

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Smarter Web Company Boosts Bitcoin Holdings by £1.85M, Joins Institutional Adoption Race

Smarter Web Company Boosts Bitcoin Holdings by £1.85M, Joins Institutional Adoption Race

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The UK-listed Smarter Web Company Boosts Bitcoin Holdings with £1.85M Buy The Smarter Web Company PLC has boldly increased its Bitcoin investments, purchasing an additional 23.09 BTC valued at £1.85 million. This move brings their total holdings to 58.71 BTC, aligning with their “10 Year Plan” to integrate digital currencies into their treasury strategy. Is […]

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Alchemy Boosts Smart Wallet Growth with HeyMint Acquisition

Alchemy Boosts Smart Wallet Growth with HeyMint Acquisition

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Alchemy Acquires NFT Launchpad HeyMint to Boost Smart Wallet Development Alchemy, a leader in blockchain infrastructure, has acquired NFT launchpad HeyMint, aiming to accelerate its smart wallet development initiatives. This strategic move is designed to enhance user onboarding into the web3 space, leveraging HeyMint’s user-friendly tools and extensive experience in the NFT market. Alchemy acquires […]

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FIFA Launches Dedicated Blockchain on Avalanche, Revolutionizing Fan Engagement

FIFA Launches Dedicated Blockchain on Avalanche, Revolutionizing Fan Engagement

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FIFA’s Game-Changing Move: Launching the FIFA Blockchain on Avalanche FIFA is kicking off a new era in sports and digital engagement with its latest move to the Avalanche blockchain, ending its previous collaboration with Algorand. This strategic shift aims to revolutionize fan experiences and digital collectibles on a global scale. FIFA partners with Avalanche on […]

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U.S. Banks Set to Launch Stablecoin, Challenging USDT and USDC Amid Regulatory Shifts

U.S. Banks Set to Launch Stablecoin, Challenging USDT and USDC Amid Regulatory Shifts

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U.S. Banks Plan to Launch New Stablecoin to Compete with USDT and USDC Amid Regulatory Changes In a bold move that could disrupt the $245 billion stablecoin market, major U.S. banks are planning to launch their own digital currency. This initiative follows the Senate’s progress on the GENIUS Act, aimed at regulating stablecoins amidst growing […]

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CitizenX and El Salvador Expand Bitcoin Passport Program: $1M in BTC or USDT for Citizenship

CitizenX and El Salvador Expand Bitcoin Passport Program: $1M in BTC or USDT for Citizenship

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CitizenX Joins Forces With El Salvador to Expand Bitcoin-Backed Passport Initiative Swiss tech firm CitizenX has partnered with El Salvador to broaden the reach of its innovative “Freedom Passport” program, offering a fast track to Salvadoran citizenship for wealthy individuals willing to donate $1 million in either Bitcoin (BTC) or Tether (USDT), a type of […]

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