Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Bitcoin ETFs Surpass $40 Billion in Cumulative Inflows: A New Era for Crypto Investment Over $40 billion as of May 19, 2024! Bitcoin ETFs are sucking up cash faster than a vacuum on Black Friday, and this landmark achievement reflects a robust confidence in Bitcoin from both institutional and retail investors. Bitcoin ETFs reach $40 […]
Read Full Article
Australian Court Ruling Sparks Debate on Bitcoin Taxation: Potential Billions in Refunds on the Line In a landmark case, an Australian court declared Bitcoin a form of money, akin to the Australian dollar, sparking a debate over the taxation of cryptocurrencies and potentially leading to billions in refunds for crypto investors. Bitcoin classified as money […]
Read Full Article
Revolut’s €1.1 Billion Leap into European Mainstream Banking, Starting with France Revolut, the UK-based fintech company, is making a significant push into European mainstream banking with a €1.1 billion investment, beginning with France. This move aims to position Revolut as the largest banking group in Europe, challenging traditional banking models and expanding its global footprint. […]
Read Full Article
Authorities Allege Scammers Stole $265,000,000 in Crypto To Buy Exotic Cars, Private Security and Other Luxuries A New Zealand man has been arrested for his alleged role in a sophisticated international criminal organization that defrauded seven individuals of $265 million in cryptocurrency between March and August 2024. Charged by the U.S. Department of Justice with […]
Read Full Article
Michael Saylor and Strategy Hit with Class Action Lawsuit Over Alleged False Bitcoin Statements – Class action lawsuit filed against Strategy and Michael Saylor. – Allegations of false profitability and risk statements. – Significant unrealized loss disclosed to the SEC. – Strategy continues to invest heavily in Bitcoin. Michael Saylor, the founder of what was […]
Read Full Article
Cardano’s Charles Hoskinson Denies Misusing $600M in ADA, Promises Full Audit Charles Hoskinson, the founder of Cardano, has been thrust into the spotlight following accusations of misusing $619 million worth of ADA. These allegations stem from the 2021 Allegra hard fork, where Hoskinson is claimed to have manipulated the Cardano network ledger. In response, Hoskinson […]
Read Full Article
Salesforce Slashes Slack Prices by 90% for U.S. Federal Government – Salesforce offers a 90% discount on Slack to U.S. federal agencies. – The discount aligns with the OneGov initiative to centralize tech procurement. – Other tech giants like Google, Adobe, and ServiceNow are also offering significant discounts. In a bold move, Salesforce Inc. has […]
Read Full Article
Curve Finance Grapples with Security Breaches: Twitter Hack and Website Hijack Curve Finance, a major player in DeFi, recently faced significant security breaches that underscore the ongoing challenges in the decentralized finance sector. Curve Finance, a key DeFi platform, hit by Twitter and website hacks. Repeated security incidents highlight the need for stronger DeFi security. […]
Read Full Article
Bitcoin-stealing Malware Found in Chinese Printer Driver Setting up a new printer shouldn’t come with the risk of losing your digital assets. Yet, that’s exactly what happened to users of Procolored’s UV printers. Security experts uncovered a Bitcoin-stealing malware hidden in the official driver, which has been siphoning off 9.3 Bitcoin since October 2023. This […]
Read Full Article
Crypto Fund Inflows Surge to $785 Million Amid Ethereum’s Pectra Upgrade Recovery Last week, crypto funds saw a significant rebound with $785 million in inflows, bringing the year-to-date total to $7.5 billion. This surge, driven by Ethereum’s recent Pectra upgrade, signals renewed investor confidence in the digital asset market. Crypto fund inflows hit $785 million. […]
Read Full Article