Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Roman Storm’s Defense Team Accuses U.S. Government Of Withholding Key Exculpatory Evidence Roman Storm, a key developer behind Tornado Cash, faces a legal battle where his defense team has accused U.S. federal prosecutors of withholding crucial evidence that could clear his name. This development comes amid a backdrop of shifting U.S. crypto regulations, raising questions […]
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US Justice Department Probes Coinbase Over $20 Million Ransom Hack In a shocking turn of events, Coinbase, the largest cryptocurrency exchange in the US, faces a $20 million ransom demand following a sophisticated hack. The U.S. Justice Department is now delving deep into this significant security breach, which was facilitated by bribing overseas Coinbase employees […]
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Circle Explores $5 Billion Sale While Advancing IPO Plans Circle, the issuer of the USDC stablecoin, is weighing a potential $5 billion sale while simultaneously preparing for an Initial Public Offering (IPO). USDC, a digital currency pegged to the US dollar, is crucial in the decentralized finance (DeFi) ecosystem. – Circle considers $5 billion sale […]
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The 2015 Spam Attacks: Lessons in Bitcoin’s Resilience and Debate In the summer of 2015, Bitcoin faced a series of disruptive spam attacks that tested the network’s resilience and reignited debates over its future. These attacks, orchestrated by CoinWallet.EU, aimed to stress test Bitcoin’s limits and push for a change in its blocksize policy. Spam […]
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Tether on TRON Surpasses $75 Billion, Leading Stablecoin Activities Tether (USDT) on the TRON blockchain has hit a significant milestone, reaching over $75 billion in circulation, solidifying TRON’s position as the leading platform for stablecoin transactions. Tether on TRON exceeds $75 billion TRON leads in global USDT supply Over 8.3 million daily transactions T3 Financial […]
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Vitalik Buterin Proposes Updates to Ethereum’s Scaling Strategy Vitalik Buterin, the co-founder of Ethereum, has unveiled a series of proposals aimed at enhancing the blockchain’s scalability while preserving user accessibility and privacy. Introduction of partially stateless nodes Full rollout of EIP-4444 to reduce node storage Distributed history storage system using erasure coding Modifications to gas […]
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Bitcoin ETFs Surpass $40 Billion in Cumulative Inflows: A New Era for Crypto Investment Over $40 billion as of May 19, 2024! Bitcoin ETFs are sucking up cash faster than a vacuum on Black Friday, and this landmark achievement reflects a robust confidence in Bitcoin from both institutional and retail investors. Bitcoin ETFs reach $40 […]
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Australian Court Ruling Sparks Debate on Bitcoin Taxation: Potential Billions in Refunds on the Line In a landmark case, an Australian court declared Bitcoin a form of money, akin to the Australian dollar, sparking a debate over the taxation of cryptocurrencies and potentially leading to billions in refunds for crypto investors. Bitcoin classified as money […]
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Revolut’s €1.1 Billion Leap into European Mainstream Banking, Starting with France Revolut, the UK-based fintech company, is making a significant push into European mainstream banking with a €1.1 billion investment, beginning with France. This move aims to position Revolut as the largest banking group in Europe, challenging traditional banking models and expanding its global footprint. […]
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Authorities Allege Scammers Stole $265,000,000 in Crypto To Buy Exotic Cars, Private Security and Other Luxuries A New Zealand man has been arrested for his alleged role in a sophisticated international criminal organization that defrauded seven individuals of $265 million in cryptocurrency between March and August 2024. Charged by the U.S. Department of Justice with […]
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