Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Ex-Malaysian PM Mahathir’s X Account Hacked to Shill Meme Coins Former Malaysian Prime Minister Mahathir Mohamad’s X account was hacked to promote a fraudulent meme coin called MALAYSIA, highlighting the ongoing threat of crypto scams exploiting high-profile individuals. Mahathir Mohamad’s X account hacked to promote MALAYSIA meme coin Hackers stole over $1.7 million, linked to […]
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Saudi Economist Urges GCC for Unified Crypto Regulations Amid Divergent Regional Policies Ihsan Buhulaiga, a prominent Saudi economist, is pushing for a unified regulatory framework for cryptocurrencies among the Gulf Cooperation Council (GCC) countries to streamline the use of digital assets as payment tools across the region. Saudi economist urges GCC for unified crypto regulations […]
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Bank of Papua New Guinea Completes CBDC Trials, Eyes Cross-Border Expansion – BPNG completes CBDC proof-of-concept trial – Partners include Soramitsu, Mitsubishi, JICA, Japanese gov’t – Focus on financial inclusion & payment system modernization – Legal and regulatory gaps need addressing – Future studies to involve more institutions & explore cross-border payments Papua New Guinea […]
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Russia’s 2025 Crypto Tax Laws: Navigating the New Frontier Russia is set to implement new cryptocurrency regulations in 2025, aiming to bring clarity and structure to its burgeoning crypto market amidst economic challenges and U.S. sanctions. New tax laws effective January 1, 2025. Cryptocurrencies recognized as property. Mining operations exempt from Value Added Tax (VAT). […]
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Thailand Appoints Crypto Leaders to Drive Blockchain Ambition Thailand is ramping up its efforts to become a global leader in blockchain technology with the strategic appointment of Rushi Manche from Movement Labs and Tekin Salimi from Dao5 as advisors to the Thailand International Digital Business & Finance Center (TIDC). Thailand’s TIDC appoints Rushi Manche and […]
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Jupiter Regains Control After MEOW Scam: A Closer Look at Crypto Security Jupiter, a prominent Solana-based decentralized exchange (DEX) aggregator, faced a significant security breach when its official X account was hijacked to promote the fraudulent MEOW meme coin. The scam led to substantial losses for traders, while also sparking a broader discussion on the […]
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Only 30% of Institutional Traders Plan to Invest in Crypto, JP Morgan Survey Reveals Despite the buzz surrounding cryptocurrencies, a surprising 71% of institutional traders plan to steer clear of digital assets, according to a recent JP Morgan e-trading survey. This cautious stance comes as only 30% of these traders are considering investing in crypto […]
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Coinbase Fights for Prime Trust Customers in Bankruptcy Showdown Coinbase has boldly stepped into the ring to protect Prime Trust customers’ assets amid the custodian’s bankruptcy filing, showcasing the critical need for legal safeguards in the volatile world of crypto. Coinbase files to protect customer assets in Prime Trust bankruptcy Prime Trust faces $82 million […]
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El Salvador Ends Bitcoin Legal Tender: A Closer Look at Why It Didn’t Work El Salvador’s decision to drop Bitcoin as legal tender on January 30, 2025, marks the end of a bold experiment that began in 2021. The move was influenced by the International Monetary Fund (IMF) and reflects the challenges faced in integrating […]
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Rep. French Hill’s Vision for a New Era in U.S. Crypto Regulation In a bold move to reshape the future of cryptocurrency in America, Rep. French Hill is pushing for a regulatory overhaul that promises to protect investors and spur innovation. This initiative aims to dismantle what Hill describes as the previous administration’s strict and […]
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