Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
DeFi Tuna Cuts Ties with Kelsier Ventures Amid LIBRA Token Scandal on Solana In a bold move to uphold ethical standards, DeFi Tuna has severed ties with Kelsier Ventures following the explosive LIBRA token scandal that rocked the Solana ecosystem. DeFi Tuna returns $30,000 to Kelsier Ventures LIBRA scandal drains $100M from Solana Solana price […]
Read Full Article
Omni Network Boosts Treasury Strategy with Superstate’s USTB Omni Network has integrated Superstate’s USTB, a tokenized U.S. Treasuries fund, to enhance its treasury management, marking a significant move towards optimizing capital efficiency while maintaining liquidity and flexibility. USTB Integration Capital Efficiency Real-Time Liquidity Multi-Chain Access Industry Trends On February 17, Omni Network made headlines by […]
Read Full Article
LIBRA Scandal Brings Nigerian Meme Coin Plans to Light Kelsier Ventures, the company behind the LIBRA meme coin scandal that resulted in a staggering $4 billion loss, is now setting its sights on Nigeria. Despite the controversy, they plan to launch a similar project on the Solana blockchain. However, Nigeria’s stringent regulatory environment poses significant […]
Read Full Article
Turtle Club: Revolutionizing Web3 User Rewards and the DeFi Landscape Turtle Club, spearheaded by Esfandiar Lagevardi, is making waves in Web3 by enabling users to earn rewards from their on-chain activities. This initiative, combined with recent developments from Gnosis and Chorus1, is reshaping the DeFi landscape. Turtle Club: First distribution protocol in Web3 Governance tokens: […]
Read Full Article
Tether Partners with Guinea to Drive Digital Transformation On February 17, Tether, the issuer of the world’s largest stablecoin, USDT, announced a groundbreaking partnership with the government of Guinea aimed at boosting the country’s digital transformation and economic growth through blockchain technology. This collaboration, solidified through a memorandum of understanding (MoU), will focus on education, […]
Read Full Article
Bybit’s Listing Billboard: Pioneering Transparency in Crypto Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched the “Listing Billboard”, a new initiative designed to enhance transparency for listed tokens. SoSoValue, fresh off a $15 million Series A funding round, becomes the first project to adopt this framework, revealing detailed performance metrics to the […]
Read Full Article
Brevan Howard Digital Invests $20M in Kinto, Ushering Institutional Investors into DeFi Brevan Howard Digital’s $20 million investment in Kinto marks a significant step for decentralized finance (DeFi), as traditional finance integrates with the blockchain world, highlighting a trend of institutional investors leveraging on-chain technologies for enhanced efficiency and compliance. Brevan Howard Digital invests $20M […]
Read Full Article
Inversion Capital’s Bold Move: Launching an Avalanche L1 Blockchain for Business Integration Inversion Capital, led by Santiago Roel Santos, is set to launch a custom Layer 1 blockchain on the Avalanche network, aiming to revolutionize traditional businesses by integrating blockchain technology. This strategic move targets sectors like mobile and banking, promising to enhance efficiency and […]
Read Full Article
Is Binance for Sale? Yi He and CZ Address the Rumors Rumors of Binance, the world’s largest cryptocurrency exchange, being up for sale have been circulating, but co-founder Yi He and former CEO Changpeng Zhao (CZ) have firmly denied these claims, labeling them as competitor-driven speculation. Yi He denies sale rumors Binance open to strategic […]
Read Full Article
AUSTRAC Intensifies Crackdown on Crypto and Remittance Providers AUSTRAC, Australia’s financial watchdog, has taken decisive action against 13 remittance and cryptocurrency providers, signaling a major regulatory crackdown aimed at curbing money laundering and financial crimes. With over 50 more providers under review, the agency is not holding back. AUSTRAC targets 13 crypto and remittance providers […]
Read Full Article