20 Jan 2025

Breaking News

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.

Klaytn and Finschia Announce Merger

Klaytn and Finschia Announce Merger

L1 blockchains Klaytn and Finschia have agreed on a merger to establish the largest Web3 ecosystem in Asia. The proposal was voted on by community members of both projects and passed with 95% in favor, as detailed in a press release.

15 Feb 2024
Bitcoin ETF Greenlight Doesn’t Extend to Ethereum ETFs

Bitcoin ETF Greenlight Doesn’t Extend to Ethereum ETFs

SEC Chairman Gary Gensler, in a CNBC interview, emphasized that the recent approval of spot Bitcoin ETFs shouldn’t be seen as an endorsement for similar products, including Ethereum ETFs.

14 Feb 2024
FinCEN Unveils Crypto Statistics in Human Trafficking

FinCEN Unveils Crypto Statistics in Human Trafficking

The U.S. Financial Crimes Enforcement Network (FinCEN) has released a report that unveils statistics on the use of various cryptocurrencies in crimes related to human trafficking and the sexual exploitation of children between 2020 and 2021. Throughout this period, the criminal funds identified amounted to $412 million.

14 Feb 2024
HANetf Anticipates Closure of Numerous Bitcoin ETFs

HANetf Anticipates Closure of Numerous Bitcoin ETFs

HANetf, Europe’s independent ETF provider, predicts the closure of several American Bitcoin ETFs due to profitability challenges. This situation could arise from excessively low fees set by major players, which small or developing investment firms cannot match.

14 Feb 2024
ChatGPT Introduces a Memory Feature

ChatGPT Introduces a Memory Feature

OpenAI has rolled out an update for its artificial intelligence chatbot, ChatGPT, which includes a new memory feature. This allows the bot to remember and store certain information from conversations for future interactions. Initially, access to this update will be granted only to a select group of users before becoming available to everyone.

14 Feb 2024
PlayDapp Endures Double Hack Disaster

PlayDapp Endures Double Hack Disaster

PlayDapp, the cryptocurrency gaming platform, is reeling from a massive $290 million token loss following two hacking incidents in just one week. The initial breach was on February 9, where a hacker managed to mint 200 million PLA tokens, valued at $36.5 million, presumably by cracking into the developers’ private key.

13 Feb 2024
Ripple Secures Standard Custody & Trust in Latest Acquisition

Ripple Secures Standard Custody & Trust in Latest Acquisition

Ripple (XRP), a cryptocurrency company, has just finalized the purchase of Standard Custody & Trust Company, a subsidiary of PolySign that specializes in corporate governance and the custody of digital assets. The transaction details, including the financial aspect, are yet to be revealed.

13 Feb 2024
Introducing DN404: The Evolution of ERC404 Standard

Introducing DN404: The Evolution of ERC404 Standard

Just a week following the debut of ERC-404, the NFT world welcomes DN404, a new hybrid standard. This innovation, announced by developer cygaar, promises a more seamless integration of fungible and non-fungible token functionalities.

13 Feb 2024
Altman Foresees the UAE as an AI Hub

Altman Foresees the UAE as an AI Hub

OpenAI CEO Sam Altman envisions the United Arab Emirates (UAE) as a pivotal location for trialing artificial intelligence and other innovative technologies. He expressed this viewpoint during a virtual meeting with the UAE’s Minister of Artificial Intelligence.

13 Feb 2024
AI for Europe: Google’s €25M Plan to Skill Up the Workforce

AI for Europe: Google’s €25M Plan to Skill Up the Workforce

Google has unveiled the AI Opportunity Initiative for Europe, bolstering the region with a €25 million investment.

12 Feb 2024
Mob Attacks Driverless Taxi in San Francisco’s Chinatown

Mob Attacks Driverless Taxi in San Francisco’s Chinatown

In San Francisco’s Chinatown, a group of people attacked a Waymo driverless car (AI taxi). They smashed its windshield and covered it in spray paint, before setting it on fire with fireworks. Despite the swift arrival of the fire department, the vehicle was beyond saving.

12 Feb 2024
Stablecoins Gain Momentum in Argentina

Stablecoins Gain Momentum in Argentina

In the face of escalating inflation (211%), Argentinians continue to actively purchase dollar-pegged stablecoins, steering clear of Bitcoin due to its high volatility. For cash purchases of these stable tokens, locals are turning to domestic P2P exchanges due to the country’s stringent currency regulations.

12 Feb 2024
New Zealand’s Central Bank Governor Criticizes Stablecoins

New Zealand’s Central Bank Governor Criticizes Stablecoins

At a parliamentary committee session, New Zealand central bank governor Adrian Orr voiced his skepticism towards stablecoins, labeling them as inherently unstable. He argued that their reliability is solely contingent on the financial reserves of the issuing entity. The governor also dismissed the notion of Bitcoin or any similar cryptocurrency as a viable substitute for fiat money or a store of value.

12 Feb 2024
FTX Offloads Another Asset

FTX Offloads Another Asset

The bankrupt cryptocurrency exchange FTX is set to sell Digital Custody Inc. (DCI), a subsidiary it acquired for $10 million, to CoinList for merely $500,000. The leadership deems this transaction favorable, given that DCI, a provider of custodial services, has lost its utility following the abandonment of plans to reboot the platform.

11 Feb 2024
SushiSwap Introduces Susa Derivatives Exchange

SushiSwap Introduces Susa Derivatives Exchange

SushiSwap has unveiled Susa, its latest venture in the form of a derivatives exchange, marking its debut in the Layer N L2 network as the ever-first trading platform of the ecosystem.

09 Feb 2024
Arthur Hayes Advocates Points Over ICO and Yield Farming

Arthur Hayes Advocates Points Over ICO and Yield Farming

BitMEX co-founder Arthur Hayes champions a points system as a superior fundraising and community engagement tool, in contrast to ICOs and yield farming, as detailed in his new essay “Points Guard.”

09 Feb 2024
Serbian Finance Minister Criticized for TikTok Crypto Wallet Post

Serbian Finance Minister Criticized for TikTok Crypto Wallet Post

A recent TikTok reel by Serbian Finance Minister Sinisa Mali has gained considerable attention.

09 Feb 2024
Texas Crypto Investor Charged for Concealing $4 Million Income

Texas Crypto Investor Charged for Concealing $4 Million Income

A federal grand jury has confirmed charges against Frank Richard Ahlgren III, a resident of Texas, for filing false tax returns and engaging in deposit manipulation to avoid tax payments. The unreported income is estimated at around $4 million.

09 Feb 2024
Sam Altman Aims to Raise Up to $7 Trillion for AI Chips

Sam Altman Aims to Raise Up to $7 Trillion for AI Chips

OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).

09 Feb 2024
OpenAI Generates Over $2B in Annual Revenue

OpenAI Generates Over $2B in Annual Revenue

OpenAI, a leading developer in artificial intelligence, achieved an annual revenue exceeding $2 billion, driven by the immense popularity of its ChatGPT application. This achievement positions the tech startup as one of the fastest-growing companies ever. Some Microsoft investors are optimistic, forecasting that revenues could double by the end of 2025 due to strong business demand.

09 Feb 2024
New Chapter in Sam Bankman-Fried’s Legal Drama

New Chapter in Sam Bankman-Fried’s Legal Drama

Sam Bankman-Fried, former head of the now-bankrupt FTX exchange, is due back in court on February 21, 2024, to testify about his lawyers’ potential conflict of interest. This interrogation is expected to be conducted by the judge.

08 Feb 2024
Fraxtal Emerges: Frax Finance’s L2 Blockchain Unveiled

Fraxtal Emerges: Frax Finance’s L2 Blockchain Unveiled

Frax Finance, renowned for its liquid staking and stablecoin FRAX, has launched its L2 network, Fraxtal.

08 Feb 2024
Web3 Gaming Developer Wemade Under Scrutiny

Web3 Gaming Developer Wemade Under Scrutiny

South Korean prosecutors have launched an investigation into Wemade, a developer of Web3 games with a market capitalization exceeding $1 billion. The company is suspected of failing to register officially as a virtual asset service provider, thereby allegedly violating local laws and gaining unfair profits over an extended period.

08 Feb 2024
NBA Faces a $4.2B Suit for Its Links with the Failed Voyager

NBA Faces a $4.2B Suit for Its Links with the Failed Voyager

The FTX collapse in November 2022 had a chain effect on the crypto industry. Many companies crashed afterward, including the crypto lender Voyager.

08 Feb 2024
Wormhole Reveals Tokenomics of Its W Token

Wormhole Reveals Tokenomics of Its W Token

Cross-chain protocol Wormhole has announced the release of its token with the ticker W and introduced its tokenomics. The project intends to allocate 17% of the total token supply as an airdrop to its users.

08 Feb 2024

Opinion

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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

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.

Investigation

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Zora Network Reviewed: A Testnet Guide

Zora Network Reviewed: A Testnet Guide

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.