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.
L1 blockchains Klaytn and Finschia have agreed on a merger to establish the largest Web3 ecosystem in Asia. The proposal was voted on by community members of both projects and passed with 95% in favor, as detailed in a press release.
SEC Chairman Gary Gensler, in a CNBC interview, emphasized that the recent approval of spot Bitcoin ETFs shouldn’t be seen as an endorsement for similar products, including Ethereum ETFs.
The U.S. Financial Crimes Enforcement Network (FinCEN) has released a report that unveils statistics on the use of various cryptocurrencies in crimes related to human trafficking and the sexual exploitation of children between 2020 and 2021. Throughout this period, the criminal funds identified amounted to $412 million.
HANetf, Europe’s independent ETF provider, predicts the closure of several American Bitcoin ETFs due to profitability challenges. This situation could arise from excessively low fees set by major players, which small or developing investment firms cannot match.
OpenAI has rolled out an update for its artificial intelligence chatbot, ChatGPT, which includes a new memory feature. This allows the bot to remember and store certain information from conversations for future interactions. Initially, access to this update will be granted only to a select group of users before becoming available to everyone.
PlayDapp, the cryptocurrency gaming platform, is reeling from a massive $290 million token loss following two hacking incidents in just one week. The initial breach was on February 9, where a hacker managed to mint 200 million PLA tokens, valued at $36.5 million, presumably by cracking into the developers’ private key.
Ripple (XRP), a cryptocurrency company, has just finalized the purchase of Standard Custody & Trust Company, a subsidiary of PolySign that specializes in corporate governance and the custody of digital assets. The transaction details, including the financial aspect, are yet to be revealed.
Just a week following the debut of ERC-404, the NFT world welcomes DN404, a new hybrid standard. This innovation, announced by developer cygaar, promises a more seamless integration of fungible and non-fungible token functionalities.
OpenAI CEO Sam Altman envisions the United Arab Emirates (UAE) as a pivotal location for trialing artificial intelligence and other innovative technologies. He expressed this viewpoint during a virtual meeting with the UAE’s Minister of Artificial Intelligence.
Google has unveiled the AI Opportunity Initiative for Europe, bolstering the region with a €25 million investment.
In San Francisco’s Chinatown, a group of people attacked a Waymo driverless car (AI taxi). They smashed its windshield and covered it in spray paint, before setting it on fire with fireworks. Despite the swift arrival of the fire department, the vehicle was beyond saving.
In the face of escalating inflation (211%), Argentinians continue to actively purchase dollar-pegged stablecoins, steering clear of Bitcoin due to its high volatility. For cash purchases of these stable tokens, locals are turning to domestic P2P exchanges due to the country’s stringent currency regulations.
At a parliamentary committee session, New Zealand central bank governor Adrian Orr voiced his skepticism towards stablecoins, labeling them as inherently unstable. He argued that their reliability is solely contingent on the financial reserves of the issuing entity. The governor also dismissed the notion of Bitcoin or any similar cryptocurrency as a viable substitute for fiat money or a store of value.
The bankrupt cryptocurrency exchange FTX is set to sell Digital Custody Inc. (DCI), a subsidiary it acquired for $10 million, to CoinList for merely $500,000. The leadership deems this transaction favorable, given that DCI, a provider of custodial services, has lost its utility following the abandonment of plans to reboot the platform.
SushiSwap has unveiled Susa, its latest venture in the form of a derivatives exchange, marking its debut in the Layer N L2 network as the ever-first trading platform of the ecosystem.
BitMEX co-founder Arthur Hayes champions a points system as a superior fundraising and community engagement tool, in contrast to ICOs and yield farming, as detailed in his new essay “Points Guard.”
A recent TikTok reel by Serbian Finance Minister Sinisa Mali has gained considerable attention.
A federal grand jury has confirmed charges against Frank Richard Ahlgren III, a resident of Texas, for filing false tax returns and engaging in deposit manipulation to avoid tax payments. The unreported income is estimated at around $4 million.
OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).
OpenAI, a leading developer in artificial intelligence, achieved an annual revenue exceeding $2 billion, driven by the immense popularity of its ChatGPT application. This achievement positions the tech startup as one of the fastest-growing companies ever. Some Microsoft investors are optimistic, forecasting that revenues could double by the end of 2025 due to strong business demand.
Sam Bankman-Fried, former head of the now-bankrupt FTX exchange, is due back in court on February 21, 2024, to testify about his lawyers’ potential conflict of interest. This interrogation is expected to be conducted by the judge.
Frax Finance, renowned for its liquid staking and stablecoin FRAX, has launched its L2 network, Fraxtal.
South Korean prosecutors have launched an investigation into Wemade, a developer of Web3 games with a market capitalization exceeding $1 billion. The company is suspected of failing to register officially as a virtual asset service provider, thereby allegedly violating local laws and gaining unfair profits over an extended period.
The FTX collapse in November 2022 had a chain effect on the crypto industry. Many companies crashed afterward, including the crypto lender Voyager.
Cross-chain protocol Wormhole has announced the release of its token with the ticker W and introduced its tokenomics. The project intends to allocate 17% of the total token supply as an airdrop to its users.
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.