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 startup Figure, specializing in robotics, has garnered $675 million in investments from technological giants including Microsoft, OpenAI, Amazon, and Nvidia. This influx of capital has propelled the 80-person company to a valuation of $2.6 billion. Figure’s initial plan was to develop a humanoid robot within its first year of operation.
In an effort spanning the last two years, Binance has managed to recompense $4 billion to its users, addressing losses from platform glitches or user errors. This includes mishaps like incorrect deposits or transactions amid blockchain upgrades, with the team rectifying upwards of 381,616 such instances.
LedgerPrime, previously a hedge fund within the collapsed crypto exchange FTX, has made a comeback under the new banner of MNNC Group, now officially registered in the Cayman Islands. Shiliang Tan, a principal partner, announced that not only has the group reclaimed most of its investor base, but it has also attracted a hefty investment sum in the process.
The U.S. Securities and Exchange Commission (SEC) contends that bankrupt Terraform Labs should not be permitted to cover the costs of expensive legal representation for its employees.
WhiteBIT has stepped up its game by becoming an official broker on TradingView, the renowned cryptocurrency trading platform. This partnership enables users to directly engage in trading on TradingView by linking their crypto wallets, thus making use of their exchange balances.
Lance Hill, the original screenwriter of the 1989 film “Road House,” sued Amazon MGM Studios for alleged copyright infringement and artificial intelligence misuse. Hill claims the studio expedited the remake’s production, using AI to generate actor dialogue before the copyrights reverted to him.
U.S. Senator Elizabeth Warren of Massachusetts has once again expressed her concerns about cryptocurrencies, emphasizing the need for their compliance with current traditional financial regulations. She highlighted her proposed anti-money laundering legislation, which could have adverse effects on the crypto sector, awaiting further examination.
The US Internal Revenue Service (IRS) has brought on board two former cryptocurrency company employees as consultants to aid in crafting the definitive tax regulations for digital assets. This move will impact all crypto businesses, including exchanges and brokers, requiring them to report all transactions per client.
GitHub, a Microsoft subsidiary, has just introduced an updated artificial intelligence tool for coding named Copilot Enterprise. This tool is now capable of not only continuing code sequences but also answering any questions related to any software base provided by the company.
A tale of trust turned treachery: an American senior ventured into cryptocurrency investments guided by an online acquaintance from Instagram, resulting in a staggering loss of $240,000. Though wary of funneling substantial amounts into a dubious site at first, his initial crypto futures successes led him to up his investments. The insistence from his online friend to boost his deposit only fueled his decisions.
Artificial Intelligence (AI) is poised to reshape the banking sector, potentially replacing or, at the very least, serving as a primary assistant in 77% of daily activities. This comes from a comprehensive study by consulting giant Accenture, which analyzed over 3,500 tasks and 2.7 million banking employees.
A new class-action lawsuit has been filed in the Northern District of California against Ripple Labs Inc., its CEO Brad Garlinghouse, and its subsidiary XRP II, LLC.
Google has just unveiled a new suite of AI features tailored for Android devices, ranging from smartphones and smartwatches to tablets and… cars.
U.S. Republican Senators are drafting a bill aimed at preventing the Federal Reserve from autonomously deciding on the introduction of a Central Bank Digital Currency (CBDC).
Ukrainian military drones will be upgraded with artificial intelligence technology from Helsing, a German firm specializing in defense AI products. This advancement follows an official agreement between the company and Ukraine’s Ministry of Strategic Industries.
Australian crypto exchange OTCPro mistakenly sent $653,000 instead of the intended $65,300 to a corporate account belonging to Kow Seng Chai. Mr. Chai quickly withdrew the funds using the Tether (USDT) stablecoin. When the mistake was discovered, attempts to contact him were ignored, and the phone number provided turned out to be incorrect.
The notorious FTX exchange has settled a lawsuit to recover $323 million spent in 2021 to acquire a European startup.
Blockchain researcher ZachXBT recently reported the successful return of most funds obtained from selling a DeGods NFT stolen in May 2023. The NFT was pilfered through a phishing website and promptly sold for 99 ETH (valued at $177,000) on the NFT marketplace Blur.
Recent court proceedings in the Wright vs. COPA lawsuit disclosed parts of the correspondence between Satoshi Nakamoto and the prominent cryptographer Adam Back.
Jeff Zirlin, the co-founder of EVM blockchain Ronin and the popular game Axie Infinity, suffered a significant loss of approximately $10.5 million in cryptocurrency following the hacking of two personal wallets.
Decentralized crypto exchange PancakeSwap intends to open source its code. This will allow external developers to either fork the code or use it to develop new applications on various blockchains, exclusively through a specialized affiliate program.
Most airdrop participants find themselves pondering, “When should I sell these tokens?” CoinGecko’s analysis of the 50 biggest airdrops revealed that over half of the project tokens (54%) achieved their all-time high (ATH) within two weeks to several months after the airdrop.
Valkyrie Chief Investment Officer Steven McClurg believes that a spot Ethereum ETF is unlikely to come soon, though it could be approved by 2026. He advises against drawing parallels with the Bitcoin ETF, highlighting significant differences between the two cryptocurrencies.
Uniswap, a decentralized cryptocurrency exchange, has recently launched a unique feature: free Web3 names for all its users. These aren’t just any names; think “one.uni.eth” or “crypto.uni.eth” – a fresh take on the traditional crypto wallet format. Nicknames can be acquired and customized exclusively through the Uniswap mobile app.
Ulrich Bindseil, Director General of Market Infrastructure and Payments at the European Central Bank, along with his advisor Jürgen Schaaf, have openly expressed their disappointment with Bitcoin ETFs and the influx of capital into the crypto sector after the SEC’s landmark decision.
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.