Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Brazil Upholds Ban on Cryptocurrency Rewards for World ID Biometric Data Brazil’s National Data Protection Authority (ANDP) has upheld its ban on cryptocurrency rewards for sharing biometric data with the World ID project, igniting a debate on privacy and digital identity. Brazil’s ANDP upholds ban on crypto rewards for World ID on March 25, 2025. […]
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Coinbase Backs Celo’s Leap to Ethereum Layer-2: A Game-Changer in the Making? Is Celo’s move to Ethereum’s Layer-2 the future of blockchain integration? Coinbase has announced its support for Celo’s bold transition from a standalone Layer-1 blockchain to an Ethereum Layer-2 network, set to begin on March 25. This strategic shift aims to harness Ethereum’s […]
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Asia Web3 Alliance Proposes US-Japan Collaboration on Tokenization The Asia Web3 Alliance Japan has submitted a bold proposal to the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force, advocating for a strategic collaboration with Japan to enhance regulatory clarity and interoperability in the tokenization and Web3 sectors. This move aims to bridge the regulatory […]
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Scam Alert: Another 6,260 ETH Lost in GMX-Linked Smart Contracts Another day, another crypto heist. Hackers have exploited vulnerabilities in smart contracts linked to GMX, a decentralized exchange, making off with 6,260 ETH, worth about $13 million. The “Abracadabra Spell cauldron” protocols, part of the decentralized lending platform Abracadabra, were the target, not GMX’s own […]
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Cboe BZX Files 19b-4 for Fidelity’s Solana ETF Amid Growing Crypto ETF Trend Cboe BZX Exchange has taken a significant step towards integrating Solana into traditional investment vehicles by filing a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Fidelity Solana Fund. This move is part […]
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Request Finance Surpasses $1 Billion in Transactions, Secures Funding to Boost Stablecoin and Fiat Integration Can cryptocurrencies become the backbone of global business finance? Request Finance’s recent milestone of surpassing $1 billion in transactions suggests they already are. Processed over $1 billion in transactions Secured strategic funding from Bpifrance and others Acquired Consola Finance and […]
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440 Masterminds Behind $8.07 Trillion in Fake Crypto Trades: A Deep Dive into Market Manipulation A groundbreaking study reveals that just 440 individuals are responsible for orchestrating an astonishing $8.07 trillion in artificial trading volume through pump-and-dump schemes in the cryptocurrency market. This revelation not only underscores the vulnerability of the crypto ecosystem but also […]
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CME Group and Google Cloud Join Forces to Revolutionize Tokenization CME Group, the world’s leading derivatives marketplace, has partnered with Google Cloud to explore tokenization solutions, aiming to transform wholesale payments and asset management using Google Cloud’s Universal Ledger (GCUL). CME Group and Google Cloud collaborate on tokenization Google Cloud Universal Ledger (GCUL) at the […]
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Abracadabra Finance Hit by $13M Exploit, Offers Hacker 20% Bounty In a shocking turn of events, Abracadabra Finance, a leading DeFi platform, was hit by a $13 million exploit, exposing the vulnerabilities in the world of decentralized finance. The breach targeted the platform’s gmCauldron smart contracts, which are specialized contracts used for lending and borrowing […]
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Solana’s Bold Vision: Challenging the Need for Layer-2 Solutions Anatoly Yakovenko, the visionary behind Solana, argues that layer-1 blockchains can handle global transaction demands, rendering the development of layer-2 solutions unnecessary. Solana co-founder argues against layer-2 solutions Claims layer-1 can process 24 billion transfers daily Challenges prevailing narrative on blockchain scaling Yakovenko’s bold claim is […]
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