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.
British autonomous vehicle manufacturer Wayve Technologies announces the opening of a new research and development hub in Vancouver, Canada, marking its third establishment following London and Mountain View in California. The initiative will be spearheaded by the company’s Chief Scientific Officer, Jamie Shotton.
Solana’s developers have shed light on the root causes of the network’s recent congestion issues. High system load is a primary factor, yet there are other factors as well.
The Metamask cryptocurrency wallet has introduced new features to its Portfolio platform, notably enabling users to check if their wallet address is eligible for any airdrops they might have overlooked or been unaware of.
UK prosecutors have charged a group of individuals with the kidnapping of Chinese businessman Dylan Huang. Law enforcement reports reveal that the criminals sought a ransom of $15 million in BTC, while subjecting him to threats, physical assault, and confinement for over 30 hours.
VanEck CEO Jan van Eck is championing a shift in focus towards decreasing transaction fees on Ethereum and Bitcoin, rather than pushing for another spot ETF. He argues that the unpredictable and often high fees significantly hinder both app developers and end-users.
Former cryptocurrency journalist Jacquelyn Melinek and investor Anthony Pompliano have announced the launch of Token Relations. This platform is aimed at facilitating connections between blockchain projects and stakeholders, offering an alternative to current promotional channels.
Worldcoin unveils fresh privacy regulations, enabling users to remove their World ID information and instituting age checks to bar under-18s. These modifications come as a nod to data protection watchdogs’ suggestions.
The Department of the Treasury in the United States is pressing for expanded authority to levy sanctions against crypto exchanges and digital asset providers involved in illicit transactions.
U.S. authorities have indicted trader Avraham Eisenberg for orchestrating a fraud and market manipulation scheme on the decentralized exchange Mango Markets. The reports indicate that in late 2022, he intentionally drove up the price of the MNGO token by 1300%, leveraging it as collateral to secure a $110 million loan he failed to return.
TSMC’s U.S. operations are set to receive a $6.6 billion grant for constructing facilities in Arizona, along with an additional $5 billion in low-interest government loans. The company aims to launch the production of 2-nanometer technology chips by 2028.
YouTube’s CEO, Neal Mohan, has made it clear that OpenAI is forbidden from using YouTube user content to train its AI model, Sora, capable of creating short videos based on textual inputs. Mohan emphasized that this goes against YouTube’s service terms.
In a move by the bankrupt exchange FTX, between 25 to 30 million SOL tokens have been sold to Galaxy Trading and Pantera Capital for $64 each, according to anonymous sources cited by Bloomberg. This transaction is valued between $1.6 to $1.92 billion, though the exact date of the sale remains undisclosed.
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.
This is perhaps the most iconic crypto loss story of all time. In 2011, Stefan Thomas received 7,002 BTC for making a video. Today, that stash is worth $240 million. But he forgot the password. An entire fortune locked away forever.
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.
