19 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.

ChatGPT Causes Complications for Amazon Sellers

ChatGPT Causes Complications for Amazon Sellers

On Amazon’s online trading platform, a multitude of products have emerged with descriptions and names fully generated using ChatGPT. However, there’s a twist: instead of the intended text, a message stating the inability to provide a response due to OpenAI’s policies is displayed.

13 Jan 2024
Taproot Wizards Unveils New NFT Collection: Quantum Cats

Taproot Wizards Unveils New NFT Collection: Quantum Cats

The NFT project Taproot Wizards, initiated through the Bitcoin Ordinals protocol, has revealed its new collection titled Quantum Cats.

13 Jan 2024
Could Grayscale Fees and FTX Liquidation Be Behind BTC’s Drop?

Could Grayscale Fees and FTX Liquidation Be Behind BTC’s Drop?

On January 12, the price of BTC sharply declined, falling below the $44,000 threshold and later reaching about $41,500.

13 Jan 2024
Bitcoin Takes a Slice of the Institutional Pie!

Bitcoin Takes a Slice of the Institutional Pie!

The following image illustrates a comparison between Spot Bitcoin ETFs and such stock market titans as the SPDR S&P500 ETF Trust and Invesco QQQ Trust Series 1, based on Bloomberg’s data as of January 11, 2024.

12 Jan 2024
Kelly Carlin: “No Machine Will Ever Replace His Genius”

Kelly Carlin: “No Machine Will Ever Replace His Genius”

Kelly Carlin, the daughter of the legendary standup comedian George Carlin, expressed criticism over a comedy show generated by artificial intelligence based on her father’s past performances. This show aimed to present current societal issues while trying to mirror George Carlin’s distinctive comedic style.

12 Jan 2024
Telcoin Reimburses Users for Stolen Assets

Telcoin Reimburses Users for Stolen Assets

Crypto company Telcoin has completely compensated its users for losses ($1.2 million) incurred from an application breach at the end of 2023 due to a technical vulnerability. The issue originated from a flawed Polygon wallet implementation, but it did not compromise administrative keys.

12 Jan 2024
Injective Unveils Major Mainnet Upgrade

Injective Unveils Major Mainnet Upgrade

Crypto project Injective (an L1 blockchain) has rolled out a substantial upgrade for its mainnet, dubbed Volan. This update is designed to boost scalability and compatibility and includes a host of additional enhancements.

12 Jan 2024
SEC Intensifies Scrutiny on Ripple

SEC Intensifies Scrutiny on Ripple

The U.S. Securities and Exchange Commission (SEC) filed a court order requiring Ripple (XRP) to disclose its institutional investor information for the last two years. This development stems from a judge’s earlier ruling that classified XRP as a security when specifically sold to institutional investors.

12 Jan 2024
OpenAI Initiates Discussions with Major Media Outlets

OpenAI Initiates Discussions with Major Media Outlets

OpenAI, a company specializing in artificial intelligence development, has begun negotiations with top media outlets including Fox, Time, and CNN. The talks are centered around obtaining a license to use their content for AI model training. This strategy is intended to preemptively address any future copyright infringement concerns.

11 Jan 2024
The True Effect of Bitcoin ETFs Remains Unclear

The True Effect of Bitcoin ETFs Remains Unclear

Ophelia Snyder, co-founder of the cryptocurrency ETP provider 21Shares, believes that it will take several months to fully understand the impact of American Bitcoin ETFs on the market. This delay is attributed to the extensive approval processes required for these products to be available for purchase by different financial institutions, often taking up to 90 days.

11 Jan 2024
South Korea Stands Against Crypto ETFs

South Korea Stands Against Crypto ETFs

The South Korean government has expressed opposition to the approval of Bitcoin or any other cryptocurrency-based ETFs, in light of the recent shifts in the U.S. financial policy. This stance was articulated by a representative of the South Korean Financial Services Commission (FSC).

11 Jan 2024
BlackRock’s Score: 576-1. Anticipating a Spot Ethereum ETF

BlackRock’s Score: 576-1. Anticipating a Spot Ethereum ETF

The prospect of a spot Bitcoin ETF gained momentum in June with BlackRock, an investment titan managing about $10 trillion in assets, submitting its application for registration.

11 Jan 2024
Gary Gensler Greenlights ETFs But Maintains Anti-Bitcoin Position

Gary Gensler Greenlights ETFs But Maintains Anti-Bitcoin Position

On January 10, the U.S. Securities and Exchange Commission (SEC) gave its nod to a spot Bitcoin ETF, paving the way for institutional investors to more conveniently access the flagship cryptocurrency.

11 Jan 2024
Trader Loses $5.7 Million on Meme Token WIF

Trader Loses $5.7 Million on Meme Token WIF

Arthur Hayes is putting the final touches on his upcoming essay ‘ETF Wif Hat,’ even asking for pictures of Gary Gensler in a hat. This intriguing title alludes to a Wif Hat meme featuring a Shiba Inu dog clad in a knitted cap.

11 Jan 2024
AI Set to Replace Voice Actors

AI Set to Replace Voice Actors

The United States Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) and Replica Studios, a company focused on AI-based voice technologies, have announced a partnership at the CES 2024 expo.

10 Jan 2024
Is AI the Next Major Global Risk?

Is AI the Next Major Global Risk?

The World Economic Forum’s recent global risks report places AI-generated disinformation at the top of short-term (up to two years) threats, surpassing even climate change and wars

10 Jan 2024
Base Unveils Its 2024 Development Strategy

Base Unveils Its 2024 Development Strategy

Base, the blockchain project by the Coinbase exchange, has released its roadmap for 2024, highlighting key goals, challenges, and focal points for the upcoming year:

10 Jan 2024
The European Commission Targets Microsoft and OpenAI

The European Commission Targets Microsoft and OpenAI

The European Commission is deliberating an investigation into Microsoft’s stake in the artificial intelligence developer, OpenAI. This stems from concerns around possible violations of competition and merger laws.

10 Jan 2024
SEC Criticized for Security Breach

SEC Criticized for Security Breach

U.S. Senators are calling on SEC Chairman Gary Gensler to provide a comprehensive report regarding the breach of the commission’s official account on X. They argue that such incidents seriously question the commission’s internal procedures.

10 Jan 2024
El Salvador’s Bitcoin Investment Profits Are On the Rise

El Salvador’s Bitcoin Investment Profits Are On the Rise

El Salvador’s unrealized (or floating) gains from its Bitcoin acquisitions have surpassed $12 million. Currently, the average cost of all BTC purchased by the country stands at $42,441.

09 Jan 2024
HyperVerse Promoter Arrested for Fraud

HyperVerse Promoter Arrested for Fraud

In a significant move by U.S. authorities, Rodney Burton, a key promoter of the cryptocurrency venture HyperVerse, has been detained on accusations of conducting a fraud scheme exceeding $7 million. According to the U.S. Tax Service’s filings, he masterminded a financial pyramid masquerading as a crypto investment opportunity.

09 Jan 2024
imToken Crypto Wallet Contests MAS’s Decision

imToken Crypto Wallet Contests MAS’s Decision

The cryptocurrency wallet imToken’s team has released a statement responding to the Singapore Monetary Authority’s (MAS) decision to place the company on its Investor Alert List (IAL). This list is designed to warn potential investors about companies that may be problematic or suspicious.

09 Jan 2024
Volkswagen to Equip Cars with ChatGPT

Volkswagen to Equip Cars with ChatGPT

Volkswagen, a leading car manufacturer, has unveiled its plan to incorporate a ChatGPT 4-based voice assistant in its vehicles.

09 Jan 2024
Ukraine’s MDT Aims to Revitalize Crypto Legislation

Ukraine’s MDT Aims to Revitalize Crypto Legislation

Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, stressed that crypto assets do not hinder the country’s financial stability.

09 Jan 2024
Artificial Intelligence as a Medical Assistant

Artificial Intelligence as a Medical Assistant

A team of medical researchers at Mount Sinai conducted a study on AI chatbots, evaluating their effectiveness as autonomous practitioners of evidence-based medicine.

09 Jan 2024

Opinion

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

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

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.

Investigation

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Zora Network Reviewed: A Testnet Guide

Zora Network Reviewed: A Testnet Guide

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.