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.
The South Korean regulator might launch an investigation into the cryptocurrency exchange OKX for unauthorized advertising of one of its programs. Local laws mandate that every crypto company must undergo registration to smoothly engage with South Korean clients.
Dutch waste processing firm Bollegraaf Group has forged a partnership with British AI startup Greyparrot, which specializes in developing an automated waste analysis system. This innovative technology helps identify misclassification, segregate recyclable items, and prevent the disposal of contaminated materials through incineration.
Effective July 19, South Korea’s new Virtual Asset User Protection Act will come into force, criminalizing market manipulation, illicit and insider trading within the cryptocurrency sector. Offenders face severe penalties, including a minimum fine of three times the amount of profit gained or imprisonment.
New Hampshire Attorney General John Formella confirmed that Texas-based companies Life Corporation and Lingo Telecom were involved in fake Biden calls to state voters, urging them to skip the Republican primary election. However, he has refrained from pressing formal charges against them.
U.S. Treasury Secretary Janet Yellen has announced that the finance committee has greenlit a bill for federal regulation of stablecoins. This legislation would empower regulators to directly ban the issuance of specific assets by emitters under suspicion of fraudulent activities or other concerns.
Digital Currency Group (DCG), the parent company of the insolvent crypto lender Genesis, has officially opposed the client compensation plan.DCG’s critique centers on the belief that the proposed method for asset reimbursement excessively surpasses the initial debt value.
Meta, overseeing platforms like Facebook and Instagram, is set to implement a policy requiring users to tag all content generated by artificial intelligence. An automatic detection system for identifying such AI-created images, videos, and audio in posts is also in the pipeline.
The UK Court began the trial of the Australian computer scientist Craig Wright to finally settle whether he’s the real Satoshi or not. This major debate in the crypto industry is already 8 years old.
In South Korea, authorities have detained the CEO of Haru Invest along with two other executives of the cryptocurrency platform. They face accusations of illicitly misappropriating 1.1 trillion won ($830 million) in cryptocurrency from 16,000 clients.
The popular gaming platform Roblox has added an AI-powered translator to its in-game chat, enabling players to communicate in real time across different languages and understand each other seamlessly.
In a strategic move, Gitcoin, known for project funding, is changing its approach from a broad focus on public goods to enhancing Ethereum’s grant infrastructure.
The Ethereum Name Service (ENS) has entered into a partnership with GoDaddy, the global leader in domain registration. This initiative paves the way for users to seamlessly link their conventional Web2 domains to Ethereum names, all at zero extra cost.
The Spanish Ministry of Finance is drafting a bill aimed at the confiscation of digital assets to cover outstanding tax liabilities. The new regulations will allow investigators to track users’ cryptocurrencies and freeze them for subsequent confiscation at the earliest opportunity.
The Financial Supervisory Service of South Korea (FSS) intends to meet with business representatives and the US Securities and Exchange Commission (SEC) to gather detailed information about Bitcoin ETFs. These plans were announced by the FSS Governor, Lee Bok-hyun, during a presentation in Seoul outlining his action plan for the near future.
In January 2024, the on-chain monthly transaction volume of Bitcoin reached a new record of $1.21 trillion for the past twelve months. It’s noteworthy that throughout 2023, this figure did not exceed $1 trillion, typically fluctuating between $500-600 billion.
People raised concerns about Binance selling user data on the dark web.
The number of daily active users on the decentralized social protocol Farcaster has quadrupled following an upgrade that introduced frame support. This feature allows users to use key functionalities (like NFT creation, token claims, and responding to inquiries) without the necessity for transaction signing or navigating to external links.
The scandalous case around the Canadian self-described Crypto King continues. His associate, 27 year-old Colin Murphy was sentenced to 5 months in jail for violating court order by deleting evidence on his phone.
The Apple Vision Pro headset has officially gone on sale in the United States, creating significant buzz in recent days. To mark the occasion, Apple CEO Tim Cook made a special appearance at the company’s flagship store in Manhattan to welcome the first customers.
John Reed Stark, a lawyer and former SEC enforcement chief, has labeled the effort by the leadership of the now-bankrupt crypto exchange FTX and its associated legal firms to relaunch the platform as blatant fraud. He predicts that by the end of 2024, each attorney involved in this case will afford to buy a luxury beach house, effectively financed by the funds of FTX users.
The Securities and Exchange Commission (SEC) has issued a press release targeting Brian Sewell, founder of Rockwell Capital Management. Sewell reportedly encouraged hundreds of online students to invest in his fund, claiming it employed cutting-edge AI-based crypto trading strategies.
The Irish Council for Civil Liberties (ICCL), backed by organizations such as Foxglove and Mozilla, has called for an EU regulatory probe into the Microsoft-OpenAI partnership, speculating it could amount to a de facto merger.
Meta is gearing up to roll out its new AI chip, Artemis, in its data centers this year, according to a Reuters report. This development could significantly diminish Meta’s dependence on Nvidia processors.
The U.S. Bureau of Labor Statistics has released its January 2024 figures, revealing a steadfast unemployment rate and a significant rise in non-farm sector employment.
In a conversation with analysts, Apple’s CEO, Tim Cook, confirmed the company’s active engagement in Artificial Intelligence (AI) development. This revelation came during a discussion about Apple’s quarterly financial report.
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.