Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Kanye West’s X Account: The Next Crypto Scam Frontier? Rumors are swirling that Kanye West’s X account might be the latest battleground for crypto scams. Speculation suggests he could have sold partial access to it before launching a new meme coin, sparking fears of a liquidity extraction event. But what’s the truth behind these rumors? […]
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Safe Wallet to Resume Services with Fortified Security Post Bybit Hack In a bold move against cybercrime, Safe wallet is set to relaunch with fortress-like security features after the shocking $1.4 billion Bybit hack. This incident highlights the ongoing battle for security in the crypto world, prompting a swift and collaborative industry response. Safe wallet […]
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Crypto Hub Wars: Hong Kong And Singapore Compete For The Top Spot Hong Kong and Singapore are fiercely competing to establish themselves as the leading cryptocurrency hubs in Asia, with each city implementing regulatory changes to attract digital asset firms. Hong Kong approves nine digital asset trading platforms. Hong Kong considers new bitcoin products. Singapore […]
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Trump Vows to Make U.S. the Crypto Capital, Ends Biden’s “War on Bitcoin” Trump declares end to Biden’s crypto policies. Promises U.S. leadership in digital currency. Introduces MIND of Pepe: AI meets meme coins. At the FII Priority Summit in Miami, former President Donald Trump declared a complete victory over what he called the Biden […]
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Reeve Collins’ USP: A New Era for Yield-Bearing Stablecoins Reeve Collins, a co-founder of Tether, is set to shake up the stablecoin market with the launch of USP, a yield-bearing stablecoin, in the second half of 2025 on the Ethereum and Solana blockchains. This move aims to challenge the dominance of Tether’s USDT while introducing […]
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Over $5.5 Billion Stolen in Pig Butchering Scams: Cyvers Reports Over $5.5 billion has been stolen through sophisticated Pig Butchering scams, targeting more than 200,000 victims primarily aged 30-49. These scams exploit both centralized and decentralized platforms, using high-liquidity cryptocurrencies like USDT and Ethereum for laundering funds. Over $5.5 billion stolen 200,000+ victims Targets primarily […]
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SEC’s Crypto Task Force Seeks Public Input to Navigate the Crypto Jungle SEC Commissioner Hester Peirce, affectionately known as “Crypto Mom,” is leading a major push to tame the wild world of cryptocurrency regulation. As head of the newly formed Crypto Task Force, she’s calling on the public to help shape a clearer path through […]
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Russia’s Power Grid Loses Over 1.3 Billion Rubles to Unauthorized Crypto Mining Russia’s power grid operator, Rosseti Group, has reported staggering financial losses of over 1.3 billion rubles ($14.2 million) in 2024 due to unauthorized “black” mining operations. These illicit activities have wreaked havoc on the grid, but Rosseti is now pivoting towards legal mining […]
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Bybit CEO Affirms Solvency After Record-Breaking $1.4 Billion Hack Bybit, a leading cryptocurrency exchange, faced an unprecedented security breach, resulting in the theft of approximately $1.46 billion in Ethereum (ETH) and staked Ethereum (stETH). Despite this massive heist, Bybit CEO Ben Zhou swiftly reassured users of the exchange’s solvency and its ability to cover the […]
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Javier Milei’s Bold Moves at CPAC and the Libra Scandal: Navigating Economic and Crypto Challenges Argentine President Javier Milei made a strong push for a U.S.-Argentina free trade agreement at the Conservative Political Action Conference (CPAC), while grappling with a domestic crypto scandal involving the meme coin Libra. Despite his enthusiasm, Milei’s efforts are complicated […]
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