Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
KuCoin Denies Claims of 77% Bitcoin Reserve Drop, Calls Figures Misleading KuCoin has refuted claims of a drastic 77% drop in its Bitcoin reserves, labeling the circulating figures inaccurate and misleading. The exchange released its latest Proof of Reserves report, showing a 106% Bitcoin reserve ratio, and emphasized its commitment to transparency and user security. […]
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Coinbase to Pause Ethereum Transactions During Pectra Upgrade Coinbase will temporarily halt Ethereum (ETH) deposits and withdrawals during the blockchain’s upcoming Pectra upgrade on May 7, 2025, from 2:50 AM to 3:45 AM PT, to ensure the safety of user funds. Coinbase pauses ETH transactions during Pectra upgrade. Pectra combines Prague and Electra updates. Enhances […]
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Casper 2.0 Launches on Mainnet, Enhancing Blockchain with Real-World Asset Integration Wondering how your house or art collection could become as easily tradable as a digital token? Casper 2.0 makes that future a reality, launched on the mainnet on May 6, 2025. This upgrade aims to revolutionize decentralized applications by focusing on real-world assets (RWAs). […]
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U.S. Treasury Targets Burmese Militia and Cambodian Group in Crypto Scam Crackdown The U.S. Department of the Treasury has launched a significant offensive against cryptocurrency fraud, imposing sanctions on the Karen National Army (KNA), a Burmese militia group, and flagging the Huione Group in Cambodia for laundering over $4 billion in illicit funds. These actions […]
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FTX’s Missed Opportunity: The $200K Cursor Stake Now Valued at $500 Million In a stark reminder of the volatile nature of crypto investments, FTX’s liquidators sold a $200,000 stake in Cursor—an AI code editor—for the exact amount it was originally purchased. Today, that stake is valued at an estimated $500 million, highlighting a significant missed […]
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Bitwise CIO Warns: Congress May Fumble Crypto Regulation at Final Stretch Matt Hougan, the Chief Investment Officer at Bitwise, has raised the alarm on a potential tumultuous summer for the cryptocurrency industry if Congress fails to pass crucial regulations. Despite recent supportive measures from the Trump administration, Hougan insists that legislative action is essential to […]
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Zerebro Founder Jeffy Yu’s Alleged Suicide Sparks Controversy and Market Volatility Unconfirmed reports suggest that Jeffy Yu, the founder of the small-cap cryptocurrency project Zerebro, may have committed suicide on a livestream on May 4, 2025. On the same day, Yu introduced the concept of “Legacoins,” a new type of memecoin designed to create a […]
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Kevin O’Leary Slams U.S. Bitcoin Reserve Push: It Will Never Happen Kevin O’Leary, known for his no-nonsense approach on Shark Tank, has dismissed the idea of a U.S. Strategic Bitcoin Reserve as a “pipe dream” driven by self-interest. Despite support from Bitcoin enthusiasts like Michael Saylor and Anthony Scaramucci, O’Leary remains skeptical about the feasibility […]
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Figment Seeks to Expand through Acquisitions: Aiming for $100M to $200M Deals Canadian crypto staking giant Figment is making waves with its ambitious plan to acquire smaller firms, setting its sights on deals valued between $100 million and $200 million. Crypto staking, the process of holding and locking up cryptocurrencies in a wallet to support […]
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IRS Crypto Unit Appoints Trish Turner Amid Policy Shifts and Leadership Changes The Internal Revenue Service’s crypto unit has undergone a significant leadership transformation with Trish Turner, a seasoned IRS official, taking the helm. This shift follows the exit of Sulolit “Raj” Mukherjee and Seth Wilks, two key figures from the private sector instrumental in […]
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