Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
South Korean Court Jails Bithumb CEO and Golfer in Crypto Bribery Scandal A South Korean court has sentenced former Bithumb CEO Lee Sang-jun to two years in prison and celebrity golfer Ahn Sung-hyun to four and a half years for their roles in a bribery and market manipulation scheme. The case highlights the darker side […]
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Sheila Warren’s X Account Hijacked After Resignation, Used to Promote Fake Token In a shocking turn of events, Sheila Warren, who recently stepped down as CEO of the Crypto Council for Innovation (CCI), had her X account compromised by scammers promoting a fake token called “BUD$”. This incident not only underscores the persistent security risks […]
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Is RBI’s Push for Instant Payments Hindering CBDC Adoption? In Mumbai, trying to pay for your chai with the new digital rupee might feel like bringing a knife to a gunfight, as everyone around you swipes their UPI. The Reserve Bank of India (RBI) rolled out its blockchain-based Central Bank Digital Currency (CBDC), the digital […]
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Bitcoin’s Surge on X: A 65% Growth in 2024 Amidst Market Highs and Volatility Bitcoin’s buzz on X exploded by 65% in 2024, driven by market highs and Elon Musk’s influence. But is the crypto king’s reign secure? Bitcoin mentions on X grew by 65% year-over-year in 2024. SEC approved spot Bitcoin ETFs, leading to […]
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Why the Altcoin Market Struggles to Rise? The altcoin market is facing a downturn, primarily due to Bitcoin’s high market dominance of 58.1%. However, there’s potential for an altcoin season in the first quarter, with Altura ($ALU) highlighted as a promising investment. Bitcoin dominance at 58.1% affects altcoin prices Altcoin season expected in Q1 Altura […]
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Japan and Russia Firmly Reject National Bitcoin Reserves Amid Global Uncertainty Japan and Russia have both taken a cautious stance by rejecting the establishment of national Bitcoin reserves, primarily due to concerns over cryptocurrency volatility and legal frameworks. Meanwhile, the United States and Brazil are actively exploring Bitcoin acquisition as part of their financial strategies. […]
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IRS Shakes Up DeFi: New Reporting Rules Set for 2027 The Internal Revenue Service (IRS) is set to implement new regulations in 2027 that will require decentralized finance (DeFi) front-end platforms to report cryptocurrency sales and transactions. This move aims to align DeFi with traditional financial systems by extending broker reporting obligations to these platforms. […]
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Squid Game Season 2 Takes a Bold Leap into Crypto Scams The latest season of “Squid Game” delves into the murky world of cryptocurrency scams, with player 333, Lee Myeong-gi, revealed as a crypto influencer orchestrating a rug pull with the fictional Dalmatian (DAL) token. Amidst a backdrop of mixed fan reactions, the show eerily […]
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Solana Co-Founder Faces Lawsuit Over Alleged Staking Reward Misappropriation Stephen Akridge, a co-founder of Solana, is embroiled in a lawsuit with his ex-wife, Elisa Rossi, who accuses him of misappropriating her staking rewards. This case highlights the personal and financial complexities within the crypto world. Lawsuit filed by Elisa Rossi against Stephen Akridge Alleged misappropriation […]
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OKX to Delist XRP and LTC Expiry Futures: A Market Shake-Up – OKX delisting XRP and LTC futures – Impact on prices and market dynamics – Implications for investors and the crypto landscape OKX, a major player in the cryptocurrency exchange world, has decided to delist Ripple’s XRP and Litecoin (LTC) expiry futures effective December […]
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