Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
US Crypto Adoption Surges in March 2023: Bitcoin Leads the Charge March 2023 proved to be a turning point for cryptocurrency in the United States, with adoption rates climbing after months of market doldrums and regulatory headwinds. Bitcoin, the pioneer of decentralized finance, continues to hold its crown as the dominant force, outshining altcoins and […]
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BIS Chief Slams Stablecoins: Why They Fail as True Money in 2023 The Bank for International Settlements (BIS), a heavyweight in the global financial arena, has delivered a scathing verdict on stablecoins, declaring they fall short of being true money. Speaking at a Bank of Japan seminar in Tokyo, BIS General Manager Pablo Hernández de […]
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North Korea Hackers Steal $500M from DeFi: Exposing Blockchain Security Flaws A chilling wave of cyberattacks has rocked the decentralized finance (DeFi) world, with North Korea-linked hackers looting over $500 million from platforms like Drift and Kelp in just three weeks. These brazen exploits lay bare the fragile underbelly of blockchain infrastructure, spotlighting critical vulnerabilities […]
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BIS Warns: Stablecoin Regulation Gaps Risk Global Financial Stability The Bank for International Settlements (BIS), often called the central bank for central banks, has issued a stark warning about stablecoins, the digital currencies pegged to assets like the U.S. dollar. Without unified international regulations, firms will exploit gaps in oversight, threatening cross-border markets and the […]
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Institutional Investors Inject $2.5 Billion into Bitcoin, Igniting April Price Speculation Bitcoin has captured headlines once again as institutional investors have funneled a staggering $2.5 billion into the cryptocurrency, sparking bullish sentiment and lofty price targets for April. This monumental investment underscores Bitcoin’s growing acceptance in traditional finance, yet it also brings to light pressing […]
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U.S. CLARITY Act Stablecoin Bill Stumbles: May Delay as Banks Dig In The U.S. CLARITY Act, a crucial bill poised to shape the regulatory future of stablecoins and the wider cryptocurrency market, is hitting a snag. Originally pegged for an April review by the Senate Banking Committee, this legislation now faces a likely delay to […]
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Vanguard’s Bitcoin ETF Holdout Ignites Firestorm as Crypto Funds Smash Past $100 Billion Spot Bitcoin ETFs have soared to a staggering $101.45 billion in total net assets, yet Vanguard, the $9 trillion asset management behemoth, remains a stubborn holdout in the crypto race—sparking a brutal social media showdown between ETF gurus Nate Geraci and Eric […]
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Hong Kong Pioneers 24/7 Tokenized Asset Trading with New SFC Framework Hong Kong is staking its claim as a global frontrunner in digital finance with a groundbreaking move by the Securities and Futures Commission (SFC). This new regulatory framework authorizes 24/7 trading of tokenized investment products on licensed virtual asset platforms, effectively merging the rigidity […]
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Bitcoin Stands Firm Against Oil and Stocks Amid Iran Conflict Escalation Geopolitical storm clouds are gathering once again over Iran, sending shockwaves through global markets, yet Bitcoin is holding its ground in a way that’s turning heads. As oil prices spike and equities buckle under pressure, the king of crypto seems to shrug off the […]
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Coinbase Launches Crypto Loan Facilities for UK Users with Bitcoin and Ethereum Collateral Coinbase, the NASDAQ-listed heavyweight of cryptocurrency exchanges, has rolled out its crypto loan facilities to UK users, marking a bold step into decentralized finance (DeFi) lending across the pond. Following a successful deployment in the US, this service lets Brits borrow USDC—a […]
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