Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
FTX Creditors Set to Receive Initial Payments in February 2025 FTX creditors can finally mark their calendars, as the first round of payments will commence on February 18, 2025. This significant step forward in the recovery process follows the company’s Chapter 11 Plan of Reorganization, aimed at compensating those affected by the exchange’s collapse in […]
Read Full Article
Bitcoin Ordinals: A New Era of Digital Ownership on the Blockchain Bitcoin Ordinals have ushered in a new era of digital ownership, allowing users to inscribe art, text, and other data directly onto the Bitcoin blockchain. Enabled by the 2021 Taproot upgrade, this revolutionary feature has sparked both excitement and debate within the crypto community. […]
Read Full Article
From Indiana Basement to Federal Prison: 22-Year-Old Sentenced for $37 Million Crypto Heist 22-year-old Evan Frederick Light sentenced to 20 years for $37 million crypto theft. Operated from his mother’s basement, targeting retirement savings. Guilty of conspiracy to commit wire fraud and money laundering. From a quiet basement in Indiana, a young man’s audacious $37 […]
Read Full Article
Kanye West Rejects $2M Crypto Scam Offer, Explores Legitimate Memecoin Launch – Kanye West declines $2 million scam token proposal – Explores launching his own memecoin – Influencers suggest various blockchain platforms Kanye West’s recent revelation of a $2 million offer to launch a scam token has ignited discussions across the crypto community, emphasizing both […]
Read Full Article
Florida Proposes Bitcoin Investment to Combat Inflation – A New Trend in State Finance? Florida Senator Joe Gruters has introduced a groundbreaking proposal that could reshape the state’s financial strategy. On February 7, 2025, Gruters unveiled Senate Bill 550, which would allow Florida to invest up to 10% of certain state funds in Bitcoin. This […]
Read Full Article
Judge Rejects Coinbase’s Defense, Allowing Investor Lawsuit to Proceed in New York A U.S. federal judge has thrown a wrench into Coinbase’s plans, rejecting the cryptocurrency exchange’s defense that it is not a “statutory seller” under federal law. This ruling allows an investor lawsuit to move forward in New York, alleging that Coinbase sold 79 […]
Read Full Article
Kentucky’s Bold Bet on Bitcoin: HB376 Proposes State Reserve Kentucky, known for its bourbon and bluegrass, is now making headlines for its financial innovation with the introduction of HB376, a bill aimed at establishing a Bitcoin reserve. This move places Kentucky as the 16th US state to explore such a venture post-2024 presidential election, signaling […]
Read Full Article
Russia’s Investigative Committee Proposes New Crypto Legislation: Bitcoin as Property Russia’s digital crime rate has surged by 10% in 2024, prompting new legislative measures to tackle crypto-related offenses. The country’s Investigative Committee, led by Alexander Bastrykin, has proposed classifying Bitcoin and other digital assets as property. This move aims to streamline legal processes, especially in […]
Read Full Article
Poland’s Central Bank Rejects Bitcoin for Reserve Stability Can Bitcoin ever become a trusted reserve asset? Poland’s central bank, Narodowy Bank Polski (NBP), says a resounding “no.” NBP President Adam Glapiński has made it clear that the bank’s reserves must remain absolutely secure, and Bitcoin’s notorious volatility simply doesn’t cut it. NBP rejects Bitcoin for […]
Read Full Article
This Valentines Day, Be Wary of Crypto Scammers: FBI Warning Last Valentine’s Day, victims lost over $1 million to romance scams involving cryptocurrency, according to the FBI. As another Valentine’s Day approaches, the FBI warns of an increase in crypto scams, particularly those targeting romance. These scams exploit the heightened emotions of the season, using […]
Read Full Article