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.

3AC’s Legal Battles Lead to Major Shift at DeFiance Capital

3AC’s Legal Battles Lead to Major Shift at DeFiance Capital

Yeou Jie Goh, who led the Portfolio Growth division at crypto investment company DeFiance Capital, has left his position to take on a new role at blockchain platform Chromia, overseeing operations in the Asia-Pacific region.

28 Dec 2023
NTU Researchers Crack Chatbot Censorship Using AI

NTU Researchers Crack Chatbot Censorship Using AI

Researchers from Nanyang Technological University, Singapore (NTU Singapore) have discovered a method to circumvent the censorship of certain artificial intelligence-based chatbots, such as ChatGPT and Google Bard. They created a unique AI tool that generates specific prompts, effectively navigating around these limitations.

28 Dec 2023
New Regime, New Crypto Hope in Argentina

New Regime, New Crypto Hope in Argentina

In the Argentine Congress, a novel legislative proposal has been tabled, encompassing a suite of reforms in taxation, labor, energy, and more, with some measures specifically addressing cryptocurrency regulation.

28 Dec 2023
“Buy the Rumour, Sell the News”

“Buy the Rumour, Sell the News”

This strategy might come into play following the approval of a spot Bitcoin ETF, according to analytics company CryptoQuant. They anticipate that BTC could drop to around $32,000.

28 Dec 2023
Indonesia to Tighten Rules for Crypto Exchanges

Indonesia to Tighten Rules for Crypto Exchanges

The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia.

28 Dec 2023
Nigeria Sets Sights on Introducing a New Stablecoin

Nigeria Sets Sights on Introducing a New Stablecoin

Nigerian banks are teaming up with the nation’s Central Bank and various blockchain companies to launch a new stablecoin, Naira (cNGN), slated for 2024. This comes after previous unsuccessful attempts by the government to initiate a similar project and a digital national currency.

28 Dec 2023
Is Ledger Gathering User Data?

Is Ledger Gathering User Data?

A developer, known by the pseudonym REKTBuildr, investigated the Ledger Live software, revealing that the app tracks its users and gathers data about them.

28 Dec 2023
The New York Times Sues OpenAI

The New York Times Sues OpenAI

The New York Times, a prominent U.S. publication, has initiated a lawsuit against OpenAI and Microsoft, allegedly due to copyright violations that resulted in massive financial losses.

27 Dec 2023
Rarible’s Chief Advocates for Enhanced NFT Utility

Rarible’s Chief Advocates for Enhanced NFT Utility

Jana Bertram, who leads the RARI Foundation, incorporating the NFT marketplace Rarible, acknowledges that NFT technology is generally perceived unfavorably within much of the crypto community. She suggests that a rebranding could potentially shift this perspective, but admits it’s not a definitive solution.

27 Dec 2023
South Korean Officials’ Crypto Assets to Be Made Public

South Korean Officials’ Crypto Assets to Be Made Public

From 2024, South Korea will update its regulations regarding the disclosure of personal assets for government officials. About 5,800 state officials will be required to publicly disclose their crypto asset holdings and other properties using a designated electronic system.

27 Dec 2023
EU’s Crypto Company Count Shows Consistent Increase

EU’s Crypto Company Count Shows Consistent Increase

According to official registries, this year has seen the emergence of nearly 1,000 new cryptocurrency companies in the European Union. It is anticipated that by the end of the year, the total count of registered firms involved with decentralized technologies will reach approximately 11,600.

27 Dec 2023
Mt Gox Doesn’t Sell its Bitcoin Holdings for Compensation Payouts

Mt Gox Doesn’t Sell its Bitcoin Holdings for Compensation Payouts

A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange’s management doesn’t sell BTC to make compensation payouts to users.

27 Dec 2023
Tether Added ~$4 Billion as Excess Reserves in 2023

Tether Added ~$4 Billion as Excess Reserves in 2023

Paolo Ardoino, the CEO of Tether (the issuer of USDT), reflected on the company’s recent performance and shared his future plans.

27 Dec 2023
Polygon Considers Boosting Select Meme Coins

Polygon Considers Boosting Select Meme Coins

Sandeep Nailwal, the co-founder of Polygon, is exploring the idea of endorsing certain popular meme coins on the Polygon blockchain to draw in a broad array of new users. He noted that there is sustained interaction with these projects, even in the absence of inherent utility.

26 Dec 2023
AsMatch Earns Backing from Crypto Heavyweights

AsMatch Earns Backing from Crypto Heavyweights

Key players in the cryptocurrency sector, such as Polychain, Alliance DAO, and Sandeep Nailwal, the co-founder of Polygon, have endorsed the social platform AsMatch. This initiative is geared towards fostering user interactions in a decentralized setting rather than spotlighting high-profile personalities.

26 Dec 2023
Sleepless AI Receives Backing from Folius Ventures

Sleepless AI Receives Backing from Folius Ventures

Folius Ventures, a venture capital company, has recently invested in the gaming studio Sleepless AI, renowned for its innovative blend of blockchain and artificial intelligence in gaming. The studio’s development team is keenly focused on crafting immersive game experiences enhanced by AI companions.

26 Dec 2023
Changpeng Zhao’s Net Worth Rises by $25 Billion in 2023

Changpeng Zhao’s Net Worth Rises by $25 Billion in 2023

Bloomberg reports that Changpeng Zhao (CZ), the ex-CEO of the crypto exchange Binance, saw his fortune grow by almost $25 billion in 2023. His financial growth surpassed that of other crypto industry billionaires, including Coinbase’s CEO Brian Armstrong and the Winklevoss twins.

26 Dec 2023
AI Surpasses Crypto in Google Searches

AI Surpasses Crypto in Google Searches

In 2023, the interest in AI has markedly widened its lead over Bitcoin and cryptocurrencies, as per data from Google Trends.

26 Dec 2023
DeFi Protocols with the Highest Profits in 2023

DeFi Protocols with the Highest Profits in 2023

Maker ($95.91 million): The project behind the decentralized stablecoin DAI, offering investors a slice of U.S. Treasury bond yields.

26 Dec 2023
Nigerian Banks Reopen Doors to Crypto Transactions

Nigerian Banks Reopen Doors to Crypto Transactions

The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban.

24 Dec 2023
Nexo Exonerated as Bulgarian Officials End Investigation

Nexo Exonerated as Bulgarian Officials End Investigation

Bulgaria’s law enforcement agencies have concluded their investigation into Nexo, a leading crypto lending service, without finding any evidence of illegal conduct. The authorities made a formal announcement regarding the closure of the investigation.

23 Dec 2023
FTX Claims See Rising Sale Prices

FTX Claims See Rising Sale Prices

Ikigai, an asset management company, has successfully sold its claim for asset restitution from the FTX exchange, amounting to $65 million.

23 Dec 2023
More Positive Indicators for Spot Bitcoin ETFs

More Positive Indicators for Spot Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has designated December 29 as the deadline for the final amendments to the registration applications of spot Bitcoin ETFs, applicable to at least two companies, as per a Reuters report.

23 Dec 2023
SEC Concedes Error in Handling Debt Box Lawsuit

SEC Concedes Error in Handling Debt Box Lawsuit

The U.S. Securities and Exchange Commission (SEC) has issued an apology for misrepresenting information in the lawsuit involving the crypto company Debt Box.

22 Dec 2023
Solana Blockchain Gearing Up for Paxos Stablecoin Launch

Solana Blockchain Gearing Up for Paxos Stablecoin Launch

Paxos, the stablecoin issuer, has received the green light from the New York State Department of Financial Services (DFS) for introducing its products to the Solana blockchain.

22 Dec 2023

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.