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.
A study by SAS reveals that China is at the forefront of global AI implementation, with 83% of companies utilizing artificial intelligence. This is notably higher than the adoption rates in the UK (70%), the US (65%), and Australia (63%), with the global average at 53%.
Worldcoin has introduced its L2 blockchain, World Chain, for a limited number of developers to test and give feedback before the mainnet launch by the end of summer 2024. Developers can also pre-deploy their applications.
Since early July, the German government has liquidated half of its Bitcoin holdings, amounting to about $1.5 billion. This massive sell-off introduced significant downward pressure on the cryptocurrency market.
The Attackathon aims to be the first crowdsourced security audit to identify vulnerabilities in Ethereum’s protocol code. This event will be conducted in collaboration with the security firm Immunefi.
Artur Schaback has admitted that between July 2015 and June 2019, under his leadership, the P2P exchange Paxful failed to comply with U.S. regulations on customer identification (KYC) and anti-money laundering (AML) standards.
Mining company TeraWulf would consider mergers with other industry players if such consolidation leads to greater profitability rather than simply expanding its business footprint. Kerri Langlais, TeraWulf’s chief strategy officer, points out that merely increasing the number of ASICs and mining farms is futile if it does not translate into profit growth.
The Celo Foundation, the entity behind the L1 blockchain Celo, has successfully launched the Dango L2 testnet. Developed on the OP stack, Dango is now part of the Optimism Superchain ecosystem, which includes other projects like Base and Zora. The deployment of this L2 blockchain is a key component of the community’s plan for migration to Ethereum.
Lucky Uwakwe, Chairman of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), has called for the use of blockchain and artificial intelligence to preserve the languages of African tribes. He warned that community migrations due to security issues could lead to the extinction of many languages and dialects.
On July 5, a wallet acquired an NFT named “Neon Village” for 20 ETH (~$58,000) using a bid that was placed on SuperRare back in 2021.
The “Hack3D: The Web3 Security Report,” published by CertiK, a security company, reveals that blockchain projects experienced 184 security incidents in the second quarter of 2024, resulting in losses totaling $688 million. This marks a 37% increase from the previous quarter.
The latest quarterly report from DappRadar reveals that the number of unique active wallets (UAW) engaging with decentralized applications has reached a new ATH, averaging 10 million daily users. This marks a 40% increase over the previous quarter.
The European regulator may impose a fine equivalent to 6% of the total revenue on Elon Musk’s social media platform X for its failure to address illegal content. This measure will be considered if the company does not implement the necessary changes following its next official warning.
Owners of avatars from The Sandbox’s official collection have been awarded a monthly gift of a random sports uniform set for their characters. The five available sets include judo, swimming, basketball, gymnastics, and fencing.
Tangem, a company specializing in card-based crypto wallets, is collaborating with Visa to create a new hardware wallet incorporating Tangem Pay technology. This will enable users to make payments at standard terminals.
A documentary film about Vitalik Buterin, titled Vitalik: An Ethereum Story, is nearing its release after more than three years of production. The feature-length film will be complemented by a series of short films called Ethereum Stories.
Developer Antoine Poinsot and five colleagues have released a letter detailing a new policy for notifying users about vulnerabilities and bugs in Bitcoin Core’s code, which is crucial for network node operators.
Bittensor, a decentralized network for AI systems, has reported a hacking incident on July 2 that resulted in the theft of $8 million worth of TAO tokens.
Wallet Guard, a browser-based app, identifies scams and malware in real time. ConsenSys is integrating this functionality into MetaMask.
According to K33 Research analysts, ETH could outshine BTC once spot Ethereum ETFs are launched. They predict the ETFs will boost ETH’s price, while BTC may experience pressure from the Mt. Gox exchange creditors.
According to a survey by the Bank of Canada, only 2.5% of Canadians used cryptocurrencies for everyday payments last year. Predominantly, individuals continue to favor traditional forms of electronic payments such as those made via phone numbers or email over cash and bank cards.
Security company SlowMist has analyzed reports of stolen cryptocurrency assets for the second quarter of 2024, which were collected through the MistTrack platform. This analysis only considered hack reports submitted via the official form, identifying three primary attack methods: theft of private keys, the use of fake crypto wallets, and phishing.
Mining company Genesis Digital Assets (GDA) is exploring the possibility of entering the U.S. stock market through an Initial Public Offering (IPO). Company representatives have recently started private consultations with specialists about listing securities on official U.S. exchanges.
France’s antitrust authority is preparing to bring charges against Nvidia for alleged anticompetitive behavior. If these charges are filed, it would be the first major antitrust challenge for the chip developer, potentially resulting in a substantial fine.
The team behind Chromia, a relational blockchain for decentralized applications, has announced the mainnet launch set for July 16, 2024. Chromia employs its unique programming language, Rell, which highly resembles traditional SQL.
Tools for Humanity (TFH), the developer of the Worldcoin project, has recruited four former leaders from top tech companies (Google, Apple, and X) to enhance data privacy and security. Damien Kieran, who previously managed privacy at X, will now take on a similar role at Worldcoin.
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.