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.
According to staffing company Adecco Group, a significant number of top executives (41%) anticipate staff reductions and the automation of repetitive tasks with artificial intelligence. However, many have not fully succeeded in integrating this new technology into their operations.
New FTX CEO John Ray III, overseeing the exchange’s bankruptcy, continues to draw a hefty salary of $1,575 per hour. In March 2024, he clocked 231 hours, netting $363,825, which annualizes to approximately $4.36 million, though these figures may vary from month to month.
Over 75% of non-vote Solana transactions are failing. This problem seems to stem from the recent influx of new meme coins, as acknowledged by several project supporters. They point out that the bulk of these failed transactions are generated by regular arbitrage spam bots.
Michael Busella and Steve Lee, with storied careers at Goldman Sachs and BlockTower, introduce Neoclassic Capital, an investment company targeting the digital asset landscape. Their strategic focus spans tokenization to gaming and social networks, covering a broad spectrum from emerging startups to established public firms.
Ripple (XRP) has disclosed plans for launching its own stablecoin, which will be pegged to the dollar and backed by bank deposits along with short-term U.S. Treasury bills. This move aims to expand Ripple Payments’ capabilities in facilitating cross-border transactions. The introduction of this stablecoin promises:
Google is considering integrating paid features based on artificial intelligence into its search engine, according to a report by the Financial Times The engineering team is actively working on these innovations, but the decision-makers are still weighing the potential implementation.
The Memorandum of Economic and Financial Policy between Ukraine and the International Monetary Fund outlines Ukraine’s commitment to regulate the cryptocurrency sector by the end of this year.
This fall, the Financial Conduct Authority and the Bank of England are set to introduce the first group of projects to the Digital Securities Sandbox.
Intel has reported an operational loss of $7 billion for its manufacturing division in 2023, witnessing a 31% decline in revenue from the previous year, as reported by Reuters.
Goldman Sachs’ asset management investment chief, Sharmin Mossavar-Rahmani, revealed the bank’s decision against introducing crypto services, attributing this to client disinterest and the challenge of assessing Bitcoin’s genuine value.
Amazon has decided to phase out its AI-powered cashierless ‘Just Walk Out’ system in its grocery stores. It turns out that, despite the use of automation technologies like cameras and sensors, the system still required the efforts of thousands of employees in India who were tasked with real-time product labeling verification.
Alaska’s approach to wildlife management at Fairbanks International Airport now includes a high-tech solution: a robot dog from Boston Dynamics named Aurora by the airport’s crew. Over the next few months, this robotic canine will be put to the test, chasing away birds and smaller animals from the runways.
Thailand’s largest cryptocurrency exchange, Bitkub, is preparing for an Initial Public Offering (IPO) on the local stock market in 2025. CEO Jirayut Srupsrisopa has announced that the company is currently seeking financial advisors to prepare the necessary documentation and facilitate the listing process.
The lending protocol Prisma Finance was compromised due to vulnerabilities in two MigrateTroveZap smart contracts, enabling the theft of funds secured as loan collateral.
Bitwise, an investment company, has thrown its hat into the ring with an application for a spot Ethereum ETF, aligning itself with industry heavyweights such as BlackRock, Grayscale, Fidelity, VanEck, and Ark/21Shares.
Vitalik Buterin, in his latest post, has drawn the community’s attention to the potential utility of meme coins.
Over the past few days, decentralized exchange ShapeShift has climbed to the top spot in terms of daily trading volume facilitated by THORChain technology. ShapeShift’s average transaction size reaches $123,697, significantly outpacing its competitors (DefiSpot, TS Ledger, THORSwap) by nearly double.
A newly discovered computer virus specifically targets gamers who buy and use cheats, aiming to pilfer their login details and crypto holdings. To date, it has compromised over 4.9 million gaming accounts and an indeterminate amount of cryptocurrency.
The Amazon One app, leveraging generative AI to scan palm veins and generate a payment-ready fingerprint, has now introduced functionality with photographs from a regular smartphone. Initially, enrolling a palm required visiting an Amazon physical store.
Chainalysis, a blockchain analytics company, has entered into a partnership with the consulting group Huron to bolster its offerings in the digital asset sector. The collaboration primarily targets in-depth consultancy for legal investigations and financial matters for both businesses and individuals.
Today, March 28th at 9:30 AM EST, a sentencing hearing for Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, is scheduled to take place in the Federal Court building in downtown Manhattan.
Three AI-focused crypto projects, specifically SingularityNET, Fetch․ai, and Ocean Protocol, are considering the merger of their tokens into a single ASI token, Bloomberg reports, without revealing its source.
The NEAR Foundation, the entity behind the NEAR blockchain, has unveiled a new feature that allows for the management of transactions across different blockchains directly from the NEAR app. This innovation, made possible through a decentralized multi-party computation (MPC) network, enables users to manage multiple wallets under a single account.
FTX’s leadership aims to nullify user and investor claims concerning specific tokens linked to investments made by the former CEO, Sam Bankman-Fried. Included in the affected list are tokens such as Maps (MAPS), DeFi Oxygen (OXY), Serum (SERUM), and Boba (BOBA).
Optimism, an L2 blockchain platform, has announced a $3.3 billion grant program in OP tokens (850 million tokens) aimed at backing projects, developers, and influencers who are creating valuable products and demonstrating their utility to the community. The grant distribution is set to occur over four rounds, from May 2024 to the year’s end.
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.