Get comprehensive coverage of the cryptocurrency industry with our news selection. Whether you’re a seasoned investor or just a novice crypto enthusiast, The Coinomist has the news and insights you need to stay informed. From Bitcoin to DeFi, we’ve got you covered.
A bill has been drafted by the US Senate to regulate stablecoins. The initial legislation that will establish the legal basis for this form of digital currency is regarded by the cryptocurrency community as the first of its kind.
One year ago, the crypto world witnessed the dramatic collapse of the UST stablecoin and LUNA token, which has left an indelible mark on the market. The creator of the Do Kwon project, who had confidently promised to restore the UST peg to the US dollar, is now synonymous with the debacle that shook investor confidence and contributed to the intensification of the bearish market.
The Cuyahoga County Prosecutor’s Office, in cooperation with the U.S. Secret Service (USSS), filed charges against S&P Solutions and three of its employees for operating crypto ATMs without a proper license, conspiring to launder money, and engaging in corrupt activities.
Not all companies or people are afraid of AI. Some like Crypto.com are ready to embrace their potential.
The notable increase in Ordinals inscriptions on the Bitcoin network, from 2.5 million to 4.78 million within a week, can be primarily attributed to the emergence of BRC-20 tokens. This new token standard was developed by a Twitter user named domodata on March 8, 2023.
Sam Bankman-Fried, the founder of FTX, is seeking to have up to 10 criminal charges against him dropped, significantly ahead of his scheduled criminal trial in October.
Hong Kong Monetary Authority Chief Executive Eddie Yue, in an interview, emphasized the city’s intention to enforce stringent crypto regulations. He said, “Our regulation will be tight. We will facilitate the development of the ecosystem here, generating considerable excitement. However, this doesn’t imply lax regulation.”
Conor Grogan, the Head of Product Business Operations at Coinbase, has come up with his own unique way of leveraging ChatGPT. He used the chatbot to analyze and predict potential price fluctuations for various cryptocurrencies.
The United Arab Emirates (UAE) has rapidly established itself as a global center for web3 innovation, with the nation boasting a thriving startup ecosystem, robust blockchain infrastructure, and a cryptocurrency adoption rate exceeding 11% of the population.
Ripple CEO Brad Garlinghouse revealed that the company has spent $200 million defending itself against a lawsuit brought by the United States Securities Exchange Commission (SEC). He made this statement during a fireside chat at the Dubai Fintech Summit, highlighting the differences in crypto regulation progress between the U.S., the UAE, and Europe.
A sudden uptick in Bitcoin tickers, transaction fees, and unconfirmed transactions over the weekend sparked concerns about a potential Denial of Service (DoS) “attack” on the network. However, industry analysts have reassured the community that there’s no cause for alarm.
Cai Yige, the former head of Tencent’s blockchain business, has left the company to found web3 wallet Punk Code, following his departure at the beginning of the year. Meanwhile, Everledger, an Australian blockchain technology firm supported by Tencent, has filed for bankruptcy nd liquidation due to insufficient investor funds.
A recent viral video reveals the astonishing simplicity of developing a new cryptocurrency, as digital artist Johnny Shankman completes a “speedrun” to deploy a token called “EASY_MONEY” in a mere 27 seconds. This record was soon broken by another user who crafted the “lol” token in just 22.45 seconds, highlighting the straightforward process of bringing a new token to life.
AI-generated images cause major controversy as concerns about technology’s true utility gather pace.
On May 3rd, the US Federal Reserve (FRS) announced a 25-basis-point increase in the federal funds rate to 5.25%, in line with experts’ expectations. How did the Fed chair comment on this decision during the press conference?
Argentina’s central bank has put a stop to payment providers offering crypto transactions, aiming to limit the country’s payment-system exposure to digital assets. The move impacts fintechs and financial institutions alike, as both are now prohibited from facilitating crypto services through their apps.
The Justice Department is investigating whether Binance Holdings Ltd., the world’s largest cryptocurrency exchange, was used illegally by Russians to evade US sanctions related to Russia’s invasion of Ukraine, according to sources familiar with the matter.
According to Coinbase director Conor Grogan users have lost access to 636,000 ETH since the network was created, either due to serious vulnerabilities in smart contracts or simply their own carelessness. At the time of writing, this equates to approximately $1.1 billion.
Crypto exchange Poloniex has reportedly agreed to pay a fine to settle violations with OFAC. The exchange was accused of violating sanctions imposed on certain regions (Crimea, Syria, etc.).
The US budget for fiscal year 2024 is poised to foster economic development, trim household expenses, and improve healthcare and social security. Among the novel provisions in the proposal is the DAME, an excise tax on energy consumption related to digital assets mining.
US Vice President Kamala Harris recently met with AI industry leaders from OpenAI, Microsoft, Google, and AI startup Anthropic to discuss potential risks and concerns related to AI. The meeting aimed to address the challenges and opportunities that AI technology presents, with a focus on maintaining transparency, safety, and security.
In a recent Q1 earnings call, Coinbase CEO Brian Armstrong wanted to make it crystal clear that the crypto exchange is “100% committed” to the US market, despite the not-so-clear regulatory landscape. Armstrong is optimistic about Congress soon passing crypto regulations, as bipartisan support seems to be the new trend.
Venom Foundation has announced the commencement of a no-cost virtual hackathon featuring an impressive $225,000 prize pool.
The Privacy Affairs analyst team has released a new report with detailed pricing of hacker services in the darknet. Now we can have a clear understanding of how much our personal data is worth and which information is the most valuable.
Despite Fed Chairman Jerome Powell’s assurances on the stability of the banking system, PacWest Bancorp’s stock has plummeted 58% in late trading. PacWest, struggling in the wake of three competing California-based lenders’ collapse, is now considering a range of strategic options, such as a potential sale, breakup, or capital raise.
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.