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.
American spot Bitcoin ETFs are set to become accessible to Indian users through the Mudrex cryptocurrency investment platform, backed by the venture capital fund Y Combinator. Initially, only the four most popular ETFs from BlackRock, Fidelity, Franklin Templeton, and Vanguard will be offered for sale.
The UK’s Financial Conduct Authority (FCA) will start accepting applications for Bitcoin and Ethereum crypto cETNs (Exchange Traded Notes).
The DeFi project Unizen has announced plans to refund victims of a hacking attack that resulted in losses of $2.1 million. Users who lost less than $750,000 will receive compensation “immediately.”
The 7-day moving average for daily crypto trade volume has hit $97.4 billion. This figure significantly exceeds the metrics seen in the summer of 2023 and closely matches the average trading volumes of 2021. The analysis covers a comprehensive range of popular trading platforms across the globe.
Fintech company Imperium Markets has called on the Australian government to accelerate the tokenization of debt instruments to stay competitive in today’s market. The company has long been working with the government on a pilot project employing distributed ledger technology for tokenization.
Artificial intelligence developer Inflection AI has introduced its latest creation, the Inflection-2.5 language model, powering its Pi personal assistant. Benchmarks indicate that this model competes on par with the likes of GPT-4 and Gemini, albeit requiring just 40% of the computational resources needed by GPT.
SafePal, a decentralized crypto wallet, has launched a Visa virtual bank card, teaming up with Swiss bank Fiat24. This initiative promises decentralized and confidential asset storage, though the bank will maintain custody of user credentials.
U.S. authorities have arrested former Google engineer Linwei Ding on suspicion of stealing confidential data related to artificial intelligence development. Over a few years, he is alleged to have conducted four significant data heists, absconding with at least 500 varied and detailed documents.
The stablecoin leader has entered into a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP) of Uzbekistan, the body charged with overseeing the growth and regulation of the crypto industry.
Shane Jones, an AI engineer from Microsoft, has spotlighted a significant flaw in Microsoft’s Copilot Designer, an AI-driven image creator based on textual inputs, for its ability to generate explicit and violent imagery.
The British Center for Countering Digital Hate (CCDH) has reported a staggering monthly 130% increase in disinformation on social network X, generated using artificial intelligence, over the past year. The study highlighted a significant rise in politically motivated deepfakes.
Google plans to downgrade the search ranking of websites that predominantly use artificial intelligence for content creation or employ underqualified writers. This initiative is aimed at improving the relevance and quality of search results for end-users.
Deepmind alumni Yishu Miao and Ziyu Wang have launched their own neural network, Haiper, designed for generating videos from text inputs. In a notable departure from OpenAI’s competing Sora model, Haiper is already available for all users free of charge, albeit with limitations on the duration of the videos.
SV Angel, a venture capital fund, has rallied companies such as OpenAI and Microsoft to endorse an open letter urging the ethical development of artificial intelligence for the greater good of humanity. OpenAI’s CEO, Sam Altman, praised the initiative and signed it on behalf of the company.
Consulting firm Deloitte is seeking cryptocurrency experts holding Secret and Top Secret clearances issued by the U.S. Department of State. These specialists will be involved in probing financial crimes linked to cryptocurrencies and other digital assets.
As a stablecoin that exists independently of the specific blockchains it utilizes for transactions, USDT’s adaptability on over 15 blockchains has prompted Tether to offer a fallback for users against potential blockchain failures. The company has unveiled a tool designed for the recovery of USDT tokens across a multitude of blockchains.
North Korean hackers have infiltrated two South Korean companies involved in chip manufacturing, including those used in artificial intelligence technologies. The South Korean National Intelligence Service has not disclosed the full scale of the breach but confirmed the theft of numerous blueprints of products and manufacturing facilities.
The purported Hong Kong offices of the cryptocurrency exchange BitForex, which has recently restricted users’ ability to withdraw funds, have been exposed as nothing more than vacant units situated in both industrial and tourist districts. This revelation comes from DLNews journalist Callan Quinn, who personally inspected each address provided on the company’s official web pages.
A US court has declared that trading certain cryptocurrencies on the secondary market amounts to dealing in securities, thereby falling under the purview of the Securities and Exchange Commission (SEC). Judge Tana Lin delivered this verdict while presiding over an insider trading case involving acquaintances of employees at the crypto exchange Coinbase.
China’s state media is once again alerting its citizens to the dangers and illegality of cryptocurrency trading, as well as enforcing a total ban on mining. This move coincides with a surge in Bitcoin’s popularity following the approval of spot ETFs and the anticipation of the upcoming halving event, which will reduce the reward for mining a block by half.
OpenAI, an artificial intelligence research and deployment company, has rebutted Elon Musk’s claims of prioritizing profit maximization and violating their agreement on creating artificial general intelligence (AGI). This revelation stems from an internal memo obtained by Bloomberg.
The courtroom drama between Craig Wright and COPA takes a new turn with the introduction of email evidence meant to prove a £795,000 BTC transaction conducted between Wright’s enterprises in 2009. Validating this transaction for the said year could bolster Wright’s claim of being Bitcoin’s elusive founder, Satoshi Nakamoto.
Nigeria’s government has levied a $10 billion fine against Binance, citing illegal transactions and efforts to manipulate the local currency’s value. This move was outlined in a BBC interview with Bayo Onanuga, the President’s Information and Strategy advisor.
Renowned entrepreneur Elon Musk has initiated legal proceedings against OpenAI and its CEO, Sam Altman, alleging they breached an agreement dedicated to advancing Artificial General Intelligence (AGI) technology for the global good rather than for profit.
SEC Commissioner Hester Peirce has advocated for a shift towards a more decentralized American financial system and called for lighter regulations, including those affecting cryptocurrencies. She has been a vocal supporter of digital assets since her appointment in 2018.
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.