Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Russia’s New Crypto Bill: Classifying Bitcoin as Property Russia is taking decisive action against crypto-related crime with a new bill from the Ministry of Justice. The bill classifies digital currencies like Bitcoin as property, enabling the seizure and confiscation of these assets during criminal proceedings. This move aims to disrupt the activities of criminals who […]
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SEC Uncovers $110M Crypto Scandal: Unicoin’s Asset-Backed Claims Fall Apart The U.S. Securities and Exchange Commission (SEC) has charged New York-based Unicoin and its executives with orchestrating a $110 million fraud, misleading over 5,000 investors. The case highlights the perils of false promises in the crypto world, particularly around asset-backed tokens. SEC charges Unicoin and […]
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ASIC Seeks High Court Appeal in Landmark Crypto Yield Product Case In a battle that could reshape the future of cryptocurrency in Australia, the Australian Securities and Investments Commission (ASIC) is taking Block Earner’s ‘Earner’ product to the High Court. This move has the potential to set a precedent for how digital assets are regulated, […]
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Vivek Ramaswamy’s Strive Targets Mt. Gox’s Distressed Bitcoin Claims, Eyes BTC Treasury Vivek Ramaswamy’s Strive Asset Management is set to revolutionize the financial landscape by acquiring 75,000 Bitcoins from the distressed claims of the infamous Mt. Gox exchange. This strategic move aims to build a Bitcoin treasury that could redefine corporate investment strategies. Strive aims […]
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New York City to Establish Crypto Advisory Council, Says Mayor Eric Adams New York City Mayor Eric Adams is pushing to make the Big Apple the epicenter of the crypto universe with the formation of a digital advisory council dedicated to navigating the city’s future with digital assets. New York City to form digital advisory […]
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Texas Moves Closer to Establishing a Strategic Bitcoin Reserve The Texas House of Representatives has advanced the Strategic Bitcoin Reserve Bill (SB 21) to its second reading, moving Texas closer to creating a “Texas Strategic Bitcoin Reserve.” This legislative step would enable Texas, the 8th largest economy globally, to invest in Bitcoin, reflecting a growing […]
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SEC Delays Decisions on XRP and Dogecoin ETFs Amid Regulatory Shifts The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several cryptocurrency ETFs related to XRP and Dogecoin, reflecting ongoing regulatory scrutiny. SEC delays XRP and Dogecoin ETFs Regulatory environment under Trump administration Impact on crypto market and investors SEC Delays The SEC […]
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Coinbase CEO Responds to Criticism Over Hack, Calls for Reform of Data Collection Laws Coinbase Data Breach: Affected 69,461 users, personal info compromised but not passwords or private keys. Michael Arrington’s Critique: Suggested jail time for executives, highlighting data security concerns. Brian Armstrong’s Response: Defended against jail time, criticized government data laws, proposed constitutional challenge. […]
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Coinbase Faces Lawsuit Over Alleged Unauthorized Biometric Data Collection Illinois residents have filed a class-action lawsuit against Coinbase, accusing the cryptocurrency exchange of illegally collecting and sharing their biometric data without consent. The lawsuit, filed on May 13, claims violations of the Illinois Biometric Information Privacy Act (BIPA) and the Illinois Consumer Fraud and Deceptive […]
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Pompliano Explains Bitcoin’s Continued Growth Amid Economic Policies Anthony Pompliano, a prominent figure in the cryptocurrency space, attributes Bitcoin’s ongoing growth to governments’ expansive monetary policies, highlighting its role as a hedge against inflation and currency debasement. Bitcoin as a hedge against fiat currency debasement Institutional adoption by El Salvador, MicroStrategy, and Metaplanet Price above […]
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