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.
Justin Schmidt, the Chief Operating Officer at Ondo Finance, which specializes in tokenized securities, is confident that yield-bearing stablecoins will outpace their traditional counterparts in the future. He notes that current issuers of such tokens are channeling investments into U.S. Treasury bonds and deposits, thereby securing their own profits, while regular users remain deprived from yield-generation.
Celebrating 25 years as a solo artist, English singer Robbie Williams will hold a concert in the LightCycle Metaverse.
Three American families, victims of a Hamas attack on Israel on October 7th, have filed a lawsuit against Iran, Syria, and the cryptocurrency exchange Binance, including its former CEO Changpeng Zhao.
Jerome Powell’s narrative at the press conference was relatively neutral, but his remarks towards the end swayed the market mood negatively.
In its annual research report “Big Ideas” Cathie Wood’s ARK Invest shared its insights on Bitcoin, AI, robotics, electric vehicles and other rising technologies.
DZ Bank, the second-largest financial group in Germany, plans to unveil a retail cryptocurrency trading project by the end of 2024. This ambitious venture will see participation from dozens of corporate banks and will initially cater to private users who do not seek investment or trading consultations.
Nvidia is now taking pre-orders from Chinese distributors for its latest artificial intelligence chip, crafted to adhere to the stringent U.S. sanctions. The new H20 graphics card is priced between $12,000 and $15,000, yet the retail cost in China begins at $15,300.
The bankrupt crypto company Celsius has announced the conclusion of its bankruptcy proceedings. They are set to begin distributing over $3 billion in both crypto and fiat currency to their creditors.
The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax.
Manta, a modular L1 blockchain launched in September 2023, has clinched the 9th position in the list of top projects by Total Value Locked (TVL). With $468 million, it has outperformed rivals such as Sui, Cardano, and Base. Despite this achievement, the trading activity on its DEX remains relatively low ($4.6 million).
Chicago Board Options Exchange (Cboe) pulled out its application for Global X Bitcoin Trust ETF which would have been operated in partnership with Coinbase.
The X account of the Spanish Embassy in Bosnia and Herzegovina has been actively engaging in discussions about cryptocurrencies, particularly regarding potential airdrops or updates. The embassy’s account commented on various cryptocurrency projects, including Beam, Phantom, and SatoshiVM.
Thailand’s Securities and Exchange Commission (SEC) has revised its crypto industry regulations, creating a more business-friendly and user-oriented environment. One significant adjustment is the removal of the previous limit on investment volumes in tokens backed by tangible assets.
Jian Wen, a British citizen of Chinese descent, faces charges from the UK Prosecution Service for her role in laundering over $6,1 billion, funds embezzled by the criminal Yadi Zhang. Zhang has deceived over 128,000 Chinese investors since 2014, promising investment returns before disappearing and converting the proceeds to Bitcoin.
Investment company Uncorrelated Ventures secured $315 Million in recent funding to finance software infrastructure and crypto startups.
Nvidia has injected $150 million investment in Kore․AI, an artificial intelligence chatbot, joining forces with notable investors such as FTV Capital, Coca-Cola, and Airbus. According to Raj Koneru, the CEO of Kore․AI, the company is experiencing exponential growth and is gearing up for an IPO.
Ethereum’s founder, Vitalik Buterin, recently published an article titled “The promise and challenges of crypto + AI applications.” He delves into the convergence of blockchain and AI technologies, highlighting key areas like data management, transparency, monetization, and cost reduction.
European Securities and Markets Authority (ESMA) published drafted regulatory guidelines under the MICA framework.
The legal team at Polygon Labs is advocating for DeFi to be classified as critical infrastructure in the United States, warranting oversight by the Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP).
The NFT marketplace, Magic Eden, has unveiled its own crypto wallet, created in partnership with Exodus. Presently, it is available as a downloadable extension for the Chrome browser.
Elon Musk has announced that his company Neuralink has implanted its brain chip in the first human. The patient is reportedly in recovery, and initial research results are showing promising signs of neural impulse recognition.
The gaming-focused crypto project Immutable has launched its L2 network, Immutable zkEVM, on mainnet. This network functions independently from the existing StarkEx-based solution.
Orbiter Finance, a cross-chain transfer bridge, has announced the launch of its L2 network, Orbiter Rollup, utilizing ZK-rollup technology.
LayerZero, the cross-chain transfer protocol, has officially rolled out its second iteration, as announced through their Medium blog.
The Indian government has raised an alarm over the proliferation of AI-generated fake content on social media and other digital platforms, particularly concerning its impact on the country’s massive online user base of over 600 million people. Officials are wary of the unpredictable public response to such misinformation.
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.