Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Coinbase Data Breach: A $400 Million Hit Amid Rising Crypto Cyber Threats Coinbase, a leading cryptocurrency exchange, has been hit with a significant data breach expected to cost the company between $180 million and $400 million. This breach, a stark reminder of the cybersecurity challenges in the crypto world, not only carries financial implications but […]
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Telegram Crackdown Halts $27B Haowang Guarantee, Dark Markets Persist Telegram’s aggressive move against Haowang Guarantee, a notorious dark market, underscores the relentless battle against cryptocurrency crime. Despite this, the landscape remains challenging as other illicit marketplaces continue to thrive. Haowang Guarantee shut down after Telegram’s intervention $27 billion in USDT transactions processed Over 30 similar […]
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ECB Pushes for Digital Euro to Maintain Cash’s Relevance in Digital Age ECB aims to preserve cash’s role with digital euro Two-thirds of euro area card payments handled by non-European firms Digital euro to offer offline functionality and privacy ECB explores DLT and tokenization for wholesale transactions The European Central Bank (ECB) is taking bold […]
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Sonic Labs Secures Court-Ordered Multichain Liquidation After $210M Hack, Users Await Repayment Sonic Labs, formerly known as Fantom Foundation, has achieved a significant legal victory against Multichain Foundation Ltd. following a devastating $210 million hack in July 2023. On May 9, 2025, the High Court of Singapore granted a winding-up order, appointing liquidators from KPMG […]
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France’s Alarming Rise as the Global Hub for Crypto Kidnappings France has become the unexpected epicenter of crypto-related kidnappings, with several high-profile cases shaking the nation between January and May 2025. These incidents shed light on the darker side of the crypto world, where wealth and anonymity present both a benefit and a risk. France’s […]
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Europol Shuts Down $23 Million Crypto-Backed Criminal Bank: A Global Crackdown on Cryptocurrency Crime Europol, in collaboration with law enforcement from Austria, Belgium, and Spain, executed a digital sting operation on January 14, 2025, that dismantled a €21 million criminal banking network. The operation, dubbed “OP KARASU,” led to the arrest of 17 individuals who […]
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Tether’s Blacklisting Delay Allows $78M in Illicit Funds to Slip Through, Report Reveals – Tether’s delay enabled $78M in illicit funds to move – Multisignature contract causes enforcement delays – Ethereum and Tron networks impacted – Stablecoin regulation stalls in Congress – Political tensions over Trump’s crypto initiatives A recent report by AMLBot has exposed […]
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Financial Institutions Embrace Stablecoins: 90% Adoption Rate Signals Strategic Shift A staggering 90% of financial institutions have now integrated stablecoins into their operations, marking a strategic pivot towards speed and competitiveness, as detailed in Fireblocks’ 2025 “State of Stablecoins” report. This move isn’t just about saving costs; it’s about staying ahead in a rapidly evolving […]
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Kuwait’s Aggressive Crackdown on Illegal Bitcoin Mining Contrasts with HIVE’s Green Expansion in Paraguay Kuwait launches 31 new investigations into illegal BTC mining HIVE Digital Technologies expands mining operations in Paraguay Contrasting regulatory environments and energy resources In the blistering heat of Kuwait, the government has escalated its battle against illegal Bitcoin mining to manage […]
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Bahrain’s AlAbraaj Restaurants Group Embraces Bitcoin with 10X Capital’s Guidance Bahrain’s AlAbraaj Restaurants Group, a publicly listed catering company, has made a bold move to become the “MicroStrategy of the Middle East” by adopting a Bitcoin treasury strategy. Partnering with 10X Capital, the group aims to integrate Bitcoin into its corporate treasury, starting with an […]
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