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.
Microsoft has disabled the default activation of the Recall feature, which records all user actions as screenshots for AI purposes. The developers plan to enhance encryption and make it more difficult to access the collected information, which is currently protected only by the computer’s password.
Elliptic, the analytical company, has released a report on the application of AI in crypto asset crimes.
Tesla board chair Robyn Denholm has called on shareholders to approve a $56 billion pay package for Elon Musk, warning that the current CEO might otherwise resign. A re-vote is scheduled for June 13, following an initial rejection by shareholders that was subsequently overturned by a court ruling.
U.S. authorities have brought charges against three British nationals, the creators of the NFT project Evolved Apes, for conspiracy to commit fraud and money laundering. Investigators claim that Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan promised to develop a video game but disappeared just two weeks after the fundraising.
A group of FTX creditors, led by Sunil Kavuri, has officially opposed the company’s reorganization plan. They presented multiple arguments against the plan, highlighting issues such as the taxation of returned assets, disregard for property rights, and a misalignment with client interests.
The U.S. Federal Trade Commission (FTC) is investigating Microsoft for potentially trying to circumvent antitrust regulations in its $650 million acquisition of AI startup Inflection AI. The agency has requested pertinent documents and is conducting a preliminary review.
Robinhood has entered into an official agreement to acquire the global cryptocurrency exchange Bitstamp. This deal will enable the platform to offer cryptocurrency trading services outside the U.S., as Bitstamp holds over 50 active licenses and registrations worldwide.
Chinese law enforcement has initiated its first criminal case related to the launch of cryptocurrency tokens, accusing student Yang Qichao of creating fake digital assets. Although the case resembles a common Rug Pull scam, he was charged under a different count due to legal ambiguities.
Juan Tacuri has pleaded guilty to promoting the Forcount crypto Ponzi scheme and misleading investors.
Just five months after discontinuing their flagship product—the Nocturne v1 privacy protocol for Ethereum—the Nocturne team has announced the company’s closure.
Vitalik Buterin has voiced his displeasure with the “celebrity experiments of this cycle,” commenting on Chris Burniske’s post regarding the MOTHER token, launched by rapper Iggy Azalea on May 28.
The U.S. Securities and Exchange Commission (SEC) will close its regional office in Salt Lake City, and two of its attorneys have resigned. This decision follows the regulator’s defeat in court against the mining company Digital Licensing and its DEBT Box project, which began in July 2023.
A Bundesbank study reveals that half of Germany’s population is open to using a digital euro as an alternative payment method, although the remaining 49% somewhat oppose the idea.
The defunct cryptocurrency exchange FTX has reached a settlement with the U.S. Internal Revenue Service (IRS), agreeing to pay a $200 million higher priority claim and a $685 million lower priority claim. This agreement stands in stark contrast to the initial claims totaling $24 billion. The payment is scheduled within 60 days after the restructuring plan goes into effect.
A group of current and former OpenAI employees has come forward to raise concerns about the company’s alleged prioritization of speed and profit over safety in its pursuit of Artificial General Intelligence (AGI). These whistleblowers paint a picture of a company culture characterized by secrecy and a relentless drive to “be first,” often at the expense of thorough risk assessments.
Polygon Labs, a crypto company, has acquired the research platform Toposware, which aided developers in creating Polygon Type-1 — a project allowing any EVM network to become an L2 blockchain with zero-knowledge (ZK) proof. The deal is estimated to be worth between $30 million and $50 million, according to various sources.
Dapper Labs, creators of the NBA Top Shot NFT collection, will pay $4 million to settle a lawsuit with token holders who accused the company of selling unregistered securities. The plaintiffs have agreed to withdraw the lawsuit and refrain from filing future claims.
Matter Labs, the entity behind the L2 network zkSync, has decided not to pursue trademarking the term “ZK” following resistance from the cryptocurrency community.
The U.S. Navy is actively seeking a corporate partner to test its proprietary PARANOID blockchain. This innovative system is designed to significantly improve cybersecurity measures for military software throughout its lifecycle—from development to deployment.
Europol has executed an international operation to expose and dismantle an ecosystem distributing malware droppers—specialized tools for secretly installing malicious software on victims’ computers.
Over the past three months, OpenAI has disrupted five influence operations (IO) where unidentified users misused the company’s products for unauthorized activities including generating fake content and political manipulation. These operations predominantly involved creating brief comments, articles in various languages, and text translations.
A federal court in Brooklyn has sentenced former investment banker Rashawn Russell to 41 months in prison for his involvement in a cryptocurrency fraud scheme and identity theft. Investors suffered losses of approximately $1.5 million, which Russell must now repay.
Data from security service provider Immunefi reveals that since the start of 2024, cryptocurrency projects have suffered $473 million in losses (108 incidents) from hacker attacks and rug pulls. Last month, the industry lost $52 million, a decrease of 20% from April 2024 and 12% from May of the previous year.
Robinhood’s legal team is nearing a settlement with investors who sued the platform for halting the trading of GameStop meme stocks in 2021. A resolution and closure of the case are expected within the next two weeks.
President Joe Biden’s administration is engaging with key figures in the cryptocurrency sector, seeking insights to better understand the community’s sentiment, as reported by The Block, citing anonymous sources.
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.