Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Cryptocurrencies Threaten National Stability, Indians Doubt The Supreme Court of India has raised alarms over the unchecked growth of cryptocurrencies, warning of a “parallel economy” that could undermine national stability. In a recent hearing linked to a high-profile Bitcoin fraud case, the court lambasted the government’s 30% crypto tax without a regulatory framework. Supreme Court […]
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Bitcoins Power Compared To Nuclear Reactor By Brazilian Business Leader Brazilian fintech firm Méliuz has made a groundbreaking move into the world of cryptocurrency, becoming the nation’s first Bitcoin treasury company. This bold step, likened to a “nuclear reactor” by its chairman, Israel Salmen, not only signals a shift in corporate financial strategy but also […]
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Connecticut Man Arrested in $350,000 Check-Kiting Scam Targeting US Banks Eric J. Christian, a 41-year-old from Connecticut, has been arrested for orchestrating a sophisticated check-kiting scam that defrauded US banks of over $350,000. Check-kiting is a fraud where someone writes checks from an account with insufficient funds, deposits them into another account to create a […]
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Bitcoin Pizza Day: A Slice of History and a Feast of Crypto Utility – 15th anniversary of Bitcoin Pizza Day – First real-world Bitcoin transaction – Evolution and practical use of crypto On May 22, 2010, Laszlo Hanyecz made history by buying two Papa John’s pizzas with 10,000 BTC, marking the first real-world use of […]
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Argentina’s President Milei Dissolves LIBRA Token Investigation Task Force In a bold move that has sent shockwaves through Argentina’s cryptocurrency community, President Javier Milei has disbanded the task force investigating the $LIBRA token scandal. This decision, amid ongoing probes and massive investor losses, raises serious questions about transparency and accountability in Argentina’s political and financial […]
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Digital Wallet Adoption Surges in Asia as Cash Usage Declines The Asia-Pacific region is witnessing a significant shift towards digital payments, transforming how transactions are conducted. Over the last decade, digital wallet usage has skyrocketed, driven by widespread smartphone adoption, advancements in fintech (financial technology), and the rise of national payment systems that make digital […]
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Circle Cofounder Launches AI-Native Bank Startup Catena Labs with $18M Seed Funding Sean Neville, the innovative mind behind Circle, has embarked on a new journey with Catena Labs, aiming to revolutionize banking by integrating artificial intelligence (AI) at its core. With a hefty $18 million in seed funding, this venture is poised to push the […]
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Genesis Sues DCG and Barry Silbert to Recover Billions Over Alleged Misconduct Genesis Global has launched a legal battle against Digital Currency Group (DCG) and its CEO, Barry Silbert, aiming to recover over $3.2 billion due to alleged mismanagement and fraudulent activities. Genesis sues DCG and Barry Silbert for over $3.2 billion Allegations include careless […]
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Bitcoin’s Governance: From Decentralization to Digital Aristocracy Bitcoin, once heralded as the ultimate tool for financial liberation, now faces accusations of morphing into a system where a small group holds the reins. This examination traces Bitcoin’s journey from its revolutionary inception to the year 2025, spotlighting the stark contrast between its original vision and the […]
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Class Action Lawsuit Challenges Strategy’s Bitcoin Strategy: A Tale of Aggression and Accountability On May 16, Strategy (formerly MicroStrategy) faced a class action lawsuit filed by Anas Hamza, alleging the company misled investors about its Bitcoin investment strategy, potentially breaching federal securities laws. Despite the legal challenge, Strategy continues its aggressive Bitcoin acquisition, recently purchasing […]
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