Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Digital Currency Group Settles with SEC for $38 Million Over Misleading Statements in Genesis Collapse The Digital Currency Group (DCG) has agreed to pay a $38 million settlement to the U.S. Securities and Exchange Commission (SEC) following charges that its subsidiary, Genesis, misled investors about its financial health. This settlement is a direct result of […]
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WazirX Intensifies Recovery Efforts After $235M Hack, Freezes $3M in Stolen Crypto In a bold move against digital bandits, WazirX, a leading Indian cryptocurrency exchange, has successfully frozen $3 million of the $235 million stolen in a recent hack. The exchange is now embarking on a crypto treasure hunt, partnering with law enforcement and blockchain […]
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FDIC Sues 17 Silicon Valley Bank Execs Over Role in Bank’s Collapse Silicon Valley Bank (SVB), a stalwart in the tech and crypto sectors, met its dramatic downfall in March 2023, thanks to what the Federal Deposit Insurance Corporation (FDIC) calls gross negligence and fiduciary failures by its former executives. The FDIC has now launched […]
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Crypto.com Leads the Charge with EU’s MiCA Approval In a groundbreaking development announced on January 17, 2025, Crypto.com has become the first global cryptocurrency exchange to secure preliminary approval under the EU’s new Markets in Crypto-Assets (MiCA) regulatory framework, enabling seamless operations across all 27 member states. Crypto.com first to receive MiCA approval in EU […]
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Vottun Launches Code-To-Earn Platform Empowering Web3 Developers Meet Anika, a talented young developer from Nigeria. She’s been coding since she was 15, but the opportunities in her local market were limited. That changed when she discovered Vottun’s new “code-to-earn” platform, which allowed her to build decentralized applications (dApps) and earn tokens for her efforts. Anika’s […]
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Massachusetts Leads the Charge: Eighth State to Propose Bitcoin Reserve Law In a move that could reshape the financial landscape, Massachusetts has become the eighth U.S. state to propose a Bitcoin reserve law, joining a growing trend of states recognizing cryptocurrency as a potential state asset. Eighth state to propose Bitcoin reserve law Bill introduced […]
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Ted Cruz and Allies Challenge IRS Crypto Rule, Sparking Industry Debate Is the IRS about to kill the spirit of decentralized finance with its new rule? Senator Ted Cruz and allies think so. Ted Cruz challenges IRS crypto rule using CRA Rule requires decentralized exchanges to collect user data Crypto industry backlash and legal action […]
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MARA Mines “Trump 47” Block to Honor First Bitcoin President Marathon Digital Holdings (MARA) has mined a “Trump 47” block on the Bitcoin blockchain to honor Donald Trump as the first “Bitcoin president,” embedding an AI-generated image of Trump along with the Bill of Rights and U.S. Constitution just days before his January 20 inauguration. […]
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Ethereum Pectra Upgrade Scheduled for March 2025: A Leap Forward in Scalability and Security – Ethereum Pectra upgrade set for early to mid-March 2025. – Aims to enhance scalability, decentralization, and security. – Testing phase underway with potential delays if issues arise. Get ready, Ethereum enthusiasts! The Ethereum Foundation has locked in early to mid-March […]
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California’s Bold Move: Embracing Bitcoin with New Legislation and Initiatives “Bitcoin’s Genesis story has deep roots in California. A huge part of that Genesis Story is an innovative network, designed to protect the time, energy, and value of everyday, working people. Bitcoin isn’t partisan, it’s uniquely Californian,” states Dom Bei, the founder of Proof of […]
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