Stay ahead of the curve with The Coinomist’s breaking news coverage. From major market shifts to regulatory updates and industry-defining announcements, we deliver the critical information you need, fast and accurate. Be the first to know about the stories shaping the world of cryptocurrency, business, investing, and Web3.
American investment bank Jefferies reports a downturn in mining profitability as BTC continues to trade below $60,000, while the hash rate keeps rising. Analysts indicate that in August 2024, daily mining revenues decreased by 11.8% compared to the previous month.
Microsoft’s Chief Technology Officer, Kevin Scott, announced that the company will unveil a new AI-based product by the end of the year, though specific details remain under wraps. He expressed confidence that the forthcoming technology will captivate those anticipating major advances in the field.
A solo Bitcoin miner successfully mined block number 860749, earning 3.169 BTC ($180,000). This individual is a member of the Solo CK mining pool, which brings together various standalone miners but only rewards the actual solver of the block.
The Arbitrum Foundation announced its partnership with Paxos to bring its network to the regulated tokenization platform, making Arbitrum the first Layer-2 blockchain to do so. This collaboration is a key step toward building a network designed for institutional adoption.
Core Scientific, a mining company, is targeting a $25-30 billion valuation by offering high-performance capabilities for AI data centers, according to CEO Adam Sullivan, who highlighted the need to diversify their business.
On September 10, tech giants Apple and Google encountered significant legal defeats that will require them to pay substantial fines.
Tether, TRON, and TRM Labs established the T3 Financial Crime Unit (T3 FCU)—a collaborative initiative aimed at fighting financial crimes within the cryptocurrency sector. This is a pioneering move where private companies united to assist law enforcement agencies.
TOKEN2049, one of the largest crypto conferences in the world, will host more than 20,000 participants, 200 speakers, and over 500 side events. The conference will take place in Singapore from September 18 to 19.
According to some investors, many tech companies are facing a crisis that’s being overshadowed by the AI hype. Problem areas include software development, IT consulting, and even traditional sectors like the auto industry.
Japanese company Agile Energy X started using surplus renewable energy for Bitcoin mining. According to company president Kenji Tateiwa, this initiative will help balance supply and demand in the energy grid while boosting the popularity of green energy sources.
The developers of the Web3 social network Friend.Tech transferred control over the project’s smart contract to Ethereum’s null address, effectively freezing the platform. This move means no further updates or modifications can be made, and all future revenue will be burned.
On September 6, the US Bureau of Labor Statistics released its August employment report. The unemployment rate dropped to 4.2%, in line with market forecasts. However, non-farm payrolls grew by 142,000, falling short of the expected 164,000.
Democratic presidential candidate Kamala Harris is far ahead of her Republican rival, Donald Trump, in fundraising efforts. Her campaign reported raising $361 million in August 2024, nearly triple Trump’s $130 million.
Telegram founder Pavel Durov made his first public statement since being detained in France. He thanked users for their support and described the accusations as ‘misguided,’ noting that Telegram has an official representative in the EU and a hotline with French security services to combat terrorism.
Mercuryo launched the virtual debit card Spend, which is powered by Mastercard and tied to a non-custodial wallet. Aimed at European users, the card operates in euros and integrates with popular payment platforms like Google Pay and Apple Pay, accessible in most regions globally.
NaNoWriMo, the nonprofit known for its annual novel-writing contest, recently lost four board members and a key financial sponsor after it stated that rejecting artificial intelligence amounted to class inequality and discrimination against people with disabilities.
WhiteBIT’s crypto mining pool marked its successful debut month by breaking into the top 15 global mining pools. WhitePool mined over 200 blocks, maintaining an average production rate of 2–3 blocks per day.
Polygon PoS transitioned to using POL as the native token for gas fees, replacing MATIC, in the first stage of the token migration announced last year.
WhiteBIT, Europe’s leading crypto exchange and sponsor of the Ukrainian national football team, is now offering presale tickets for the Ukraine vs Czech Republic match. The game is part of the UEFA Nations League and will take place at the Municipal Stadium in Wrocław, Poland.
The new stablecoin USDS, poised to replace DAI, might feature a decentralized process for appealing frozen assets if such measures are implemented in the future. Currently, there is no mechanism for freezing funds, but it could be added through an update to the smart contract.
Mark Karpeles, the former CEO of the now-defunct crypto exchange Mt. Gox, intends to launch a new trading platform named EllipX, with a focus on transparency and user-friendliness. This new exchange is set to begin operations in Europe by the end of this month, with its base in Poland.
Matter Labs, the developer behind ZKsync, laid off 16% of its employees. Those affected will receive severance equal to three months’ salary, four months of health insurance, job placement support, the option to keep company equipment, and even assistance with immigration.
Dan Albert, Executive Director of the Solana Foundation, dismissed claims of network centralization, arguing that coordinating updates with validators is consistent with decentralization principles. The concerns emerged after a confidential discussion and the release of a security patch by validators and developers.
Criminals impersonating law enforcement officers coerced a 20-year-old entrepreneur to transfer 250,000 USDT under the threat of a fabricated case, as reported by the Main Department of National Police in the City of Kyiv.
Cardano’s blockchain successfully completed the Chang hard fork, introducing decentralized governance and improving smart contract capabilities. ADA token holders now wield the power to shape the project’s future by electing representatives and voting on various development initiatives.
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.