13 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.

New SEC duel: the gauntlet is thrown to Paxos

New SEC duel: the gauntlet is thrown to Paxos

The SEC accuses Paxos Trust, the Pax Dollar, and BUSD stablecoins issuer, of illegal trading securities. You sound like a broken record, Mr. Gensler! The Commission seems to have a hard time in court: Paxos has been authorized by the New York Department of Financial Services (NYDFS); it operates under its supervision, and its stablecoins are actively used by institutional investors in the United States. The crypto community will see an epic battle between SEC prosecutors and NYDFS lawyers! We’re wondering who has more powerful attorneys: Paxos or Ripple?

13 Feb 2023
Does Kraken have its own SEC commissioner?

Does Kraken have its own SEC commissioner?

Yesterday, the U.S. Securities and Exchange Commission demanded that Kraken shut down its staking service. And today, SEC Commissioner Hester Peirce lashed out at her fellow regulators over their decision on the crypto exchange. According to Peirce, the SEC should develop transparent registration rules, instead of banning a program that served both investors and companies well. “Using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating,” the commissioner said. What title is after commissioner? Start a petition!

10 Feb 2023
TRON launches artificial intelligence (AI) development fund

TRON launches artificial intelligence (AI) development fund

More than $100 million will be set aside to assist developers who use AI in blockchain applications. TRON is offering grants to teams representing the following areas: • e-commerce; • currency settlement; • data management; • market and investment analysis; • content generation. Content generation? But everyone is aware that Gagarin News is the leader in content generation! Therefore, even if Justin Sun gives us $20 million, we won’t vanish!

09 Feb 2023
The NFT theft scheme through a photo cleared up

The NFT theft scheme through a photo cleared up

Previously, we reported about a shocking hack where a scammer stole a $4 million NFT collection by just taking a photo. That case left us with many questions about the technical vector of the attack. The Trust Wallet conducted an investigation and revealed the scheme. The day before the affair, the perpetrator shared the NDA file with the victim and requested KYC information. The fake NDA contained malware that targeted the smartphone. The criminal then persuaded the victim to transfer funds from the multi-sig wallet to a single Trust Wallet to confirm NFT ownership and copied the information he needed. The balance photo was just smoke and mirrors. But damn, this scheme deserves an episode in the new James Bond series.

09 Feb 2023
SEC doesn’t let the crypto community rest

SEC doesn’t let the crypto community rest

This time the SEC hits the crypto exchange Kraken over a possible violation of the Securities Act. Incoming CEO Dave Ripley has refused to delist tokens determined as securities under the Howey test and is now having troubles with the SEC. This case may be settled in the coming days and will make a decisive difference for the entire crypto community. It is also rumored that the SEC intends to ban retail staking. Genesis and Gemini keep their fingers crossed, as they have already stepped into Kraken’s shoes once before.

09 Feb 2023
Faketoshi won’t stop falling from grace!

Faketoshi won’t stop falling from grace!

Craig Wright, who calls himself Napoleon Satoshi Nakamoto, is still going through a rough patch. All lawsuits demanding to recognize him as Bitcoin’s creator are constantly rejected by courts of different countries and instances. This time, London’s appeal showed him to the door. Craig tried to protect his honor and dignity by suing 16 Bitcoin developers who called him a liar. The judge looked through the case and found no reason to grant Wright’s claim. Btw, developers did’t even bother sending their lawyers to court.

08 Feb 2023
Dubai bans privacy coins

Dubai bans privacy coins

The Dubai Virtual Assets Regulatory Authority (VARA) has changed its virtual asset circulation rules. A significant change was the prohibition on so-called privacy coins such as ZCash and Monero. Organizations operating within the local jurisdiction are also prohibited from issuing and promoting this type of cryptocurrency. Well, you can’t really blame a major cryptocurrency hub like Dubai for that. They provide transparency and demand it in return.

08 Feb 2023
Arthur Hayes predicts the alt season

Arthur Hayes predicts the alt season

The charismatic founder of BitMEX has revealed his vision for the market. Spoiler: he moves liquid fiat money from treasury bills to cash and intends to invest it all in high-risk assets (bitcoin and other crypto, of course). Key takeaways from Arthur Hayes’ post: ? S&P500 is up 40% in 3 months; ? Fed balance sheet will drop $100 billion every month; ? The market will get an extra $500 billion out of the Treasury General Account (TGA), which will accelerate inflation; ? When the money runs out (sometime in July), Congress will vote to increase the debt ceiling; ? The market will end up flooded with unbacked debt liabilities; ? The world’s banks will be forced to resort to printing more money (this process has already begun). “The party has begun!”, Arthur concludes.

08 Feb 2023
Google (and others) will compete with ChatGPT

Google (and others) will compete with ChatGPT

While crypto-fans are actively playing with the new AI toy for coin predictions, the tech giant announced the launch of its own chat AI service Bard. The AI will be integrated in the search engine after the testing phase. As for the future, Google plans to create a set of tools and API interfaces for various apps. Microsoft and the Chinese company Baidu will also join the race and present their artificial intelligence bots.

07 Feb 2023
The top two gas spenders are zero transfer scammers

The top two gas spenders are zero transfer scammers

PeckShield, a blockchain security firm, warns that zero-transfer scammers are behind two of the largest gas spenders. The scheme is as follows: ? Fake addresses are created by imitating real ones. ? The TransferFrom function is then used to make a zero transfer from any wallet to a smart contract. ? As a result, a fake transaction history is created and shown in users’ wallets and on Etherscan. The only thing left to do is wait for the transfer from the victims who did not thoroughly check the address before sending the money.

07 Feb 2023
No NFT photography!

No NFT photography!

Looks like we have a new kind of wallet asset theft: taking a picture of the balance screen. A scammer claiming to be an investor stole an entire collection of NFTs worth about $4 million from a Webaverse founder. The fraudster explained that he needed to see the proof of NFTs before signing a partnership agreement. The victim insists that he only showed the scammer the Trust Wallet balance interface. He revealed no seed phrases or private keys. The thief took some pictures of the screen and went out for a smoke. A few minutes later the funds were drained from the wallet, and the potential partner had never returned. The weird story is confirmed by Etherscan. The odd thing is that the theft happened on Nov. 26, but was reported only now. Did the victim hope to wake up one fine day and realize that everything was just a dream?

07 Feb 2023
Curly-haired Sam allowed to blow off steam in messengers

Curly-haired Sam allowed to blow off steam in messengers

A New York court has issued a ruling allowing the former chief executive of FTX to use messaging apps, but with some restrictions. ?No Signal and other apps with disappearing or hidden chat features ?Ban on contacting FTX or Alameda employees ?Communication is allowed only in the presence of counsel How will Sam now send some meaningful messages under the watchful eye of the accusing party’s lawyer? Does he know any secret language? We’ll see soon enough.

07 Feb 2023
Crypto-heads from all over the world will help Turkey

Crypto-heads from all over the world will help Turkey

More than 40 blockchain companies have offered the Turkish authorities to create an official crypto wallet to accept donations for the victims of the devastating earthquake. Today about 2 thousand people died due to earthquakes in Turkey and Syria. The death toll is expected to rise as hundreds of buildings have been completely destroyed. Cryptocurrency communities always respond instantly to such humanitarian crises. Yes, Ukraine received a lot of donations immediately after the “gas-station” country attack. Turkey, hang in there!

06 Feb 2023
Are you addicted to crypto trading? 3 bitcoins and you’ll recover

Are you addicted to crypto trading? 3 bitcoins and you’ll recover

A rehab center for crypto addicts was opened on the island of Mallorca. The month bill for treatment in a private villa is $75,000 and includes: ? group therapy sessions ? butler services ? personal chef ? yoga and massage ? spa salon The flow of FOMO sufferers seems to be endless. So we guess, the Swiss company The Balance, which launched the project, will come out on the right side.

06 Feb 2023
Mining with a video recorder? Done

Mining with a video recorder? Done

Hivemapper has finished beta testing a recorder that can be used to earn Honey tokens for contributing to the development of a decentralized global mapping. The technology is simple: ? You get paid for videos of routes you plot on maps. ?Others buy these videos if they suffer from complete lack of sense of direction. ?Founders of the project make money by selling its car recorders at the cost of an airplane wing. We once joked that people would soon start mining with kettles. And we were right, though wrong about the device. – Patrick, Move-to-Earn is off the table! – If not M2E, then what? – Drive-to-Earn.

06 Feb 2023
The founder of Uniswap is accused of treason

The founder of Uniswap is accused of treason

Balance CEO Ric Burton says Uniswap founder Hayden Adams, who he once considered to be his closest friend, has fooled him. According to Burton, he invested a lot of effort to take Uniswap to the market. He paid for developer services, paid for Adams’ rent, dipped into Balance’s money to cover his expenses. Burton was sure that Hayden would include him in the Uniswap round for this help. But he never became the co-founder of Uniswap. And now, when his $25,000 would be worth $18 million, he has brought this story public. Of course, it’s not about the money. It’s all about justice.

05 Feb 2023
Hey kid, want some debt?

Hey kid, want some debt?

Justin Sun, the hype man of the century, is on it again. His Huobi exchange announced the listing of a provocative coin FUD (FTX Users Debt). The developers promise to buy back all the tokens in the future and use these funds to cover FTX’s debts. Amid the announcement, the price of FUD soared by several hundred percent, but it rolled back quickly. There is a probability that the FUD token may become popular.

05 Feb 2023
Fake-Satoshi is still suing for bitcoin.

Fake-Satoshi is still suing for bitcoin.

Tulip Trading’s lawsuit against 16 BTC developers will be heard in a London court, according to the UK Court of Appeal. If that isn not enough, consider that the plaintiff is Craig Wright, a computer scientist who claims to be Satoshi Nakamoto. And the Bitcoin community constantly criticizes him for this. A Norwegian court ruled in October of last year that Wright had lied in an effort to support his claims of authorship of BTC.

03 Feb 2023
What’s up with crypto LUNAtics?

What’s up with crypto LUNAtics?

The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1. Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%. Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the “moon” market, so you probably won’t face any issues with interest either.

03 Feb 2023
The “Twitter Killer” banned in China

The “Twitter Killer” banned in China

The decentralized Damus app had hardly topped the list of the most downloaded apps when the Chinese government blocked it. The Damus app has been removed from the Chinese AppStore because it “contains content that is illegal in China.” The ban was initiated by the local Cyberspace Administration. According to the CAC, Damus provides “information services capable of social mobilization.” At least it has no attribute of denazification.

03 Feb 2023
Logan Paul will be held liable for his zoo scam

Logan Paul will be held liable for his zoo scam

That’s not the first (or even tenth) case of YouTube stars and professional sportsmen being accused of promoting scam projects. Pro wrestler Logan Paul couldn’t slide out of the strong arm of the law, either. He was named in a class-action suit from the CryptoZoo investors, alleging the project to be a typical Rug Pull. Paul was one of the founders of that fraudulent venture, so the plaintiffs have a pretty good chance to receive the compensation. Previously, we’ve published a complete guide to crypto analysis. Always remember to DYOR!

03 Feb 2023
Bankrupt Voyager will dump Shiba?

Bankrupt Voyager will dump Shiba?

Over the last day, Voyager Digital transferred assets worth approximately $9.6 million to Coinbase, Binance US, and Kraken, including 4.9 million VGX, 221,000 LINK, 3,050 ETH, and 270 billion SHIB. Another interesting fact: one of the addresses has 6.8 trillion SHIB, putting it in 18th place among the largest owners of the meme coins after the transfer. We’ve got a riddle for you: you’re broke, you need money, the enemy is nearby, so you transfer 270 billion coins to the exchange. Is it for a far-off journey or an inheritance?

02 Feb 2023
The Solana ecosystem is losing another player

The Solana ecosystem is losing another player

Lending protocol Everlend Finance has announced that it has ceased operations. The reason is simple: a lack of liquidity. The codebase is left open-sourced by the developers so that others can continue working on the project. However, the team also maintains that Everlend is a fantastic product that will eventually be very convenient, and that Solana is the most effective network for its implementation. The app is now in withdrawal-only mode

02 Feb 2023
Tether successfully dodged some FUD

Tether successfully dodged some FUD

Tether’s (USDT) chief technology officer Paolo Ardoino claims that the project never received loans from the bankrupt lending platform Celsius. His response came in the aftermath of Celsius’ bankruptcy report, in which Tether was listed as “infected” alongside 3AC and Alameda Research. User, get your USDT back before you blow it all on shitcoins!

01 Feb 2023
The Twitter killer has arrived!

The Twitter killer has arrived!

The App Store has approved Damus App, dubbed the “Twitter killer” mobile app. The decentralized social network accepts Bitcoin payments via the Lightning Network and has the endorsement of Jack Dorsey (former CEO of Twitter), who believes the project has a bright future. Now, Elon Musk, what do you think?

01 Feb 2023

Opinion

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

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Zora Network Reviewed: A Testnet Guide

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