Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
EU Regulator Proposes Strict Capital Rules for Insurers Holding Crypto Assets The European Insurance and Occupational Pensions Authority (EIOPA) has recommended a 100% capital requirement for European insurers holding crypto assets, aiming to safeguard the insurance sector from the volatile nature of cryptocurrencies. EIOPA recommends 100% capital requirement for EU insurers holding crypto assets Proposal […]
Read Full Article
Toulouse Leads Europe in Crypto Payments for Public Transport Toulouse, France, has boldly stepped into the future by becoming the first European city to accept Bitcoin and other cryptocurrencies for public transport fares, starting March 17. This pioneering move not only marks a significant milestone in the integration of crypto into everyday life but also […]
Read Full Article
Ethereum Whales on MakerDAO Face $238M Liquidation Risk as ETH Nears Critical Level Two Ethereum whales on MakerDAO are on the brink of a $238 million liquidation as ETH hovers dangerously close to the $1,800 mark. This precarious situation underscores the broader challenges facing Ethereum and the DeFi sector amidst a significant price decline. Ethereum […]
Read Full Article
Iranian Intelligence Officials Accused of $21 Million Crypto Theft in Cryptoland Scandal Revolutionary Guard’s intelligence officials have been implicated in a staggering $21 million cryptocurrency theft, spotlighting deep-seated corruption within Iran’s intelligence community. The scandal unfolded during an investigation into Sina Estavi, the CEO of the now-defunct Cryptoland exchange, arrested in May 2021. This case […]
Read Full Article
Crypto Leaders Clash Over Galaxy Digital’s $200 Million Settlement with NYAG The crypto industry is grappling with the fallout of Galaxy Digital’s $200 million settlement with the New York Attorney General (NYAG) over its promotion of the Terra (LUNA) token. This settlement has ignited a fierce debate among industry leaders, with some rallying behind Galaxy […]
Read Full Article
UK Authorities Freeze £6 Million in Crypto: A Closer Look at New Enforcement Powers Since April 2024, the UK has frozen over £6 million in cryptocurrency, utilizing new enforcement powers aimed at curbing money laundering, tax evasion, and terrorism financing. This crackdown marks a significant step in the government’s strategy to regulate the crypto space, […]
Read Full Article
Pre-Mine Ethereum Address Awakens, Stirring Speculation and Market Analysis An Ethereum address dormant for nearly a decade, holding $3.7 million in ETH, has been activated, reigniting discussions about Ethereum’s pre-mine distribution and its performance against Bitcoin, as the ETH/BTC pair reaches a multi-year low. Ethereum pre-mine address activated after nearly 10 years, moving $3.7 million […]
Read Full Article
BitGo CEO Backs Crypto Oversight After Galaxy Digital’s $200M Settlement Galaxy Digital’s $200 million settlement with the New York Attorney General (NYAG) over allegations of unethical promotion of Luna cryptocurrency has sparked a call for increased regulation from BitGo CEO Mike Belshe. BitGo CEO supports crypto regulation Galaxy Digital settles for $200M over Luna promotion […]
Read Full Article
15 Years Since Bitcoin’s Infamous Bug That Created 184 Billion BTC On August 15, 2010, a bug in Bitcoin’s block 74638 led to the creation of over 184 billion BTC, threatening the cryptocurrency’s foundational principle of scarcity. The “value overflow incident,” as it’s known, serves as a stark reminder of the critical role the community […]
Read Full Article
FTX to Begin Repaying Creditors with $11.4 Billion in Cash by May 30 FTX, once a titan in the crypto world, is gearing up to turn the page on its dramatic collapse by initiating creditor repayments. With $11.4 billion recovered, the company plans to distribute funds to major creditors by May 30. However, the decision […]
Read Full Article