Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Cango Exits China in $351.9M Deal, Pivots to Bitcoin Mining Cango, a Shanghai-based company, has made a significant strategic shift by selling its China operations to Ursalpha Digital Limited for $351.94 million, marking a bold pivot to Bitcoin mining. Cango sells China operations for $351.94M Shifts focus to Bitcoin mining Plans to deregister as “China […]
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Kyrgyzstan Joins Forces with Binance Founder to Revolutionize Blockchain Infrastructure Kyrgyzstan is taking significant steps towards a digital future by partnering with Changpeng Zhao, the founder of Binance, to enhance its blockchain and cryptocurrency ecosystem. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to develop technical expertise, infrastructure, and educational programs in blockchain […]
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Gemini Negotiates with SEC to Settle $900 Million Lawsuit Over Gemini Earn Program – Gemini negotiating with SEC over $900M lawsuit – Lawsuit related to Gemini Earn program – 60-day stay requested to explore resolution – SEC showing more cooperative approach Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is in discussions with the […]
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FBI Recovers Over $8 Million in Cryptocurrencies Stolen by Heartland Tri-State Bank CEO The FBI has successfully recovered over $8 million in cryptocurrencies stolen by Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB) in Elkhart, Kansas. Hanes embezzled $47.1 million from the bank to fund a fraudulent crypto scheme known as “pig butchering,” […]
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Itaú Unibanco Explores Real-Pegged Stablecoin: A Game-Changer for Brazil? Itaú Unibanco, the leading bank in Brazil and Latin America, is considering the launch of a stablecoin pegged to the Brazilian real. This move, however, hinges on regulatory clarity from the Central Bank of Brazil, which is currently conducting a public consultation on the stablecoin market. […]
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Designers Enter Decentraland for Metaverse Fashion Week 2025 From April 9 to April 12, 2025, Decentraland will host the Metaverse Fashion Week (MVFW) 2025, themed ‘Infinite Identities.’ Over 47 global designers and brands will showcase their work on the newly updated Decentraland 2.0 platform, which promises enhanced visuals and interactivity. Event Dates: April 9 to […]
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Justin Sun Accuses First Digital Trust of $500M Embezzlement, Shaking Crypto Market Tron founder Justin Sun has sent shockwaves through the cryptocurrency world by accusing First Digital Trust (FDT) of embezzling nearly $500 million in client reserves. This accusation has sparked a legal battle between TUSD issuer Techteryx and FDT, with claims that FDT misused […]
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First Protocol Research Call: A New Era for Ethereum’s Development The Ethereum community recently achieved a significant milestone with the launch of the first Protocol Research Call, a groundbreaking initiative aimed at shaping the future of the blockchain platform. This call brought together researchers, developers, and enthusiasts to discuss critical aspects of Ethereum’s development, from […]
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ParaSwap Rebrands to Velora, Unveils Delta v2.5 for Smoother Trading Experience Velora, formerly known as ParaSwap, has launched Delta v2.5, a significant upgrade aimed at revolutionizing the decentralized trading experience. This move follows a security vulnerability in their Augustus v6 smart contract, prompting a shift to an intents-based model for enhanced security and efficiency. ParaSwap […]
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Watr and Avalanche Join Forces to Digitize $20 Trillion Commodities Market Watr, a blockchain platform focused on the global commodities market, has announced a strategic partnership with the Avalanche network. This collaboration aims to bring the $20 trillion industry onchain, leveraging Avalanche’s robust infrastructure and decentralized finance (DeFi) capabilities. With former executives from Shell and […]
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