Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Coinbase’s S&P 500 Milestone Overshadowed by DOJ Cyberattack Investigation Coinbase, a leading cryptocurrency exchange, joined the prestigious S&P 500, marking a significant milestone for the crypto industry. However, the celebration was short-lived as the company faced scrutiny from the U.S. Department of Justice (DOJ) over a cyberattack that compromised customer data. This breach, involving bribed […]
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Riot Platforms Expands Bitcoin Mining with $200M Coinbase Credit Facility Riot Platforms, a leading U.S.-based Bitcoin mining company, has upsized its credit facility with Coinbase Credit from $100 million to $200 million, using its Bitcoin holdings as collateral. This strategic move aims to support initiatives such as purchasing new Bitcoin miners and enhancing renewable energy […]
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Bancor Takes Uniswap to Court Over Alleged Patent Infringement Bancor, through its entities Bprotocol Foundation and LocalCoin, has filed a lawsuit against Uniswap Labs and the Uniswap Foundation, alleging patent infringement over the use of constant product automated market maker (CPAMM) technology. This legal battle, filed in the United States District Court for the Southern […]
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Argentina Dismantles Investigative Task Force into President Milei’s Libra Token Scandal The Argentine government has dismantled the Investigative Task Force probing the Libra crypto scandal and its potential ties to President Javier Milei. This move, formalized by decree 332/2025, follows a three-month investigation into a rug pull that led to a $4.4 billion loss in […]
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How German Government Missed Out On $2.3 Billion By Selling Its Bitcoin Stash Too Early In the summer of 2024, the German government sold its entire Bitcoin stash, a decision that cost them a potential $2.35 billion in profits as the cryptocurrency’s price soared past $106,000. The sale of 49,858 Bitcoins at an average price […]
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Jack Dorsey Backs Radical Bitcoin Overhaul: Why Your Satoshis Could Soon Become Bitcoins Jack Dorsey, the former Twitter CEO, has endorsed BIP 177, a proposal that aims to redefine the smallest unit of Bitcoin, potentially making transactions more accessible to new users. This endorsement brings significant attention to the proposal, which seeks to eliminate the […]
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Moscow Authorities Arrest Co-Founder of Tap to Earn Crypto Game Blum Vladimir Smerkis, co-founder of the ‘tap to earn’ crypto game Blum and former head of Binance, was arrested by Moscow authorities on fraud charges, sparking discussions about the regulatory landscape surrounding the ‘tap to earn’ sector. Vladimir Smerkis arrested on fraud charges. Faces 2 […]
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Cryptocurrencies Threaten National Stability, Indians Doubt The Supreme Court of India has raised alarms over the unchecked growth of cryptocurrencies, warning of a “parallel economy” that could undermine national stability. In a recent hearing linked to a high-profile Bitcoin fraud case, the court lambasted the government’s 30% crypto tax without a regulatory framework. Supreme Court […]
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Bitcoins Power Compared To Nuclear Reactor By Brazilian Business Leader Brazilian fintech firm Méliuz has made a groundbreaking move into the world of cryptocurrency, becoming the nation’s first Bitcoin treasury company. This bold step, likened to a “nuclear reactor” by its chairman, Israel Salmen, not only signals a shift in corporate financial strategy but also […]
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Connecticut Man Arrested in $350,000 Check-Kiting Scam Targeting US Banks Eric J. Christian, a 41-year-old from Connecticut, has been arrested for orchestrating a sophisticated check-kiting scam that defrauded US banks of over $350,000. Check-kiting is a fraud where someone writes checks from an account with insufficient funds, deposits them into another account to create a […]
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