Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Thailand on the Brink of Local Bitcoin ETF Approval Thailand exploring local Bitcoin ETF listings First Bitcoin ETF approved for professionals in June 2024 Gulf Binance supports Bitcoin sandbox in Phuket MIND of Pepe merges meme culture with AI technology Thailand is poised to take a significant step in expanding investor access to cryptocurrencies by […]
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Dallas University Lecturer Challenges DOJ in Landmark Crypto Lawsuit Michael Lewellen, a crypto security expert and lecturer at Dallas University, has taken a bold stand against the U.S. Department of Justice (DOJ) by challenging its approach to prosecuting blockchain developers, particularly those involved with services like Tornado Cash, which mix cryptocurrencies to enhance privacy. Lewellen […]
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BitMEX Hit with $100 Million Penalty for Anti-Money Laundering Violations Can a crypto exchange thrive while ignoring the law? BitMEX’s $100 million fine says no. The Department of Justice (DoJ) has come down hard on the exchange for failing to comply with the U.S. Bank Secrecy Act (BSA), which requires financial institutions to assist in […]
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South Korea Cracks Down on Crypto Price Manipulation with First Action Under New Virtual Asset Act South Korea has launched its first action against cryptocurrency price manipulation under the newly enforced Virtual Asset Act, aiming to protect investors from unfair practices in the crypto market. The Virtual Asset Act, effective from July 19, 2024, is […]
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Coinbase Reintroduces Bitcoin-Backed Loans in the U.S., Tapping Into Growing Market Coinbase has relaunched its Bitcoin-backed loan service in the U.S., allowing users to borrow up to $100,000 in USDC using their Bitcoin as collateral. This move signifies a comeback from regulatory challenges in 2023 and positions Coinbase as a leader in the expanding Bitcoin […]
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Senator Lummis Accuses FDIC of Targeting Crypto Industry, Demands Document Preservation Senator Cynthia Lummis has accused the Federal Deposit Insurance Corporation (FDIC) of secretly targeting the cryptocurrency industry by destroying documents and intimidating employees. Lummis has demanded the FDIC preserve all digital asset-related materials since January 2022, threatening criminal referrals to the Department of Justice […]
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Scott Bessent Rejects U.S. CBDC: Implications for Trump Administration’s Financial Policy – Scott Bessent opposes U.S. CBDC – Federal Reserve exploring CBDCs since 2021 – Potential shift in U.S. financial policy Should the U.S. adopt a central bank digital currency? Scott Bessent, Trump’s Treasury Secretary pick, says no. At his Senate Finance Committee hearing, Bessent […]
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Trump’s World Liberty Financial Shifts $59.8M in Ethereum to Coinbase Prime: Routine Move or Strategic Play? World Liberty Financial (WLFI), a DeFi project linked to Donald Trump, transferred $59.8 million in Ethereum (ETH) to Coinbase Prime. This move, tracked by Lookonchain, was described as routine treasury management, not a token sale. Trump, listed as WLFI’s […]
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MakersPlace NFT Marketplace Closes Its Doors After Six Years MakersPlace, a prominent NFT marketplace for digital art, has announced its closure after six years of operation, citing ongoing market challenges and funding difficulties. MakersPlace shuts down after six years in the NFT market. Closure due to market downturn and funding issues. Raised $30 million in […]
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The Idols NFT Project Loses $324,000 in Smart Contract Exploit In the world of NFTs, where digital art meets high finance, a single flaw can lead to a catastrophic loss. The Idols NFT project recently discovered this harsh reality when it lost $324,000 due to a smart contract exploit. The Idols NFT project lost $324,000 […]
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