Get comprehensive coverage of the cryptocurrency industry with our news selection. Whether you’re a seasoned investor or just a novice crypto enthusiast, The Coinomist has the news and insights you need to stay informed. From Bitcoin to DeFi, we’ve got you covered.
Bitcoin Cash (BCH) has taken a significant step forward with the release of the CashTokens update, which allows users to create digital assets within the network. With this update, users can now create their own tokens and develop DeFi applications on the Bitcoin Cash network.
Amazon’s quest for expedited delivery is turning towards artificial intelligence (AI) as a solution. Stefano Perego, Amazon’s Vice President of Customer Fulfillment and Global Ops Services for North America and Europe, shared the company’s vision of leveraging AI to boost logistics.
Samsung Electronics and South Korea’s central bank, the Bank of Korea (BOK), have pledged to collaborate on research concerning Central Bank Digital Currencies (CBDCs), a digital monetary form that’s gaining traction worldwide.
Andrew Bailey, the Governor of the Bank of England, recently spoke in Washington about the challenges facing the financial system, as well as potential solutions and the overall state of the economy. During his speech, he also discussed topics such as cryptocurrencies, stablecoins, and CBDCs.
Today’s presidential elections in Turkey, where President Recep Erdogan faces strong rival Kilicdaroglu, could significantly impact the country’s financial landscape and cryptocurrency industry. The outcome of the elections could play a crucial role in determining the future financial landscape of the country, particularly in relation to the cryptocurrency industry.
A White House official has disclosed that nearly half of North Korea’s missile program funding is obtained through cyberattacks and cryptocurrency theft. Anne Neuberger, Deputy National Security Adviser for Cyber and Emerging Technology, stated that the U.S. government is working diligently to comprehend how North Korea continues to be highly inventive in the cyber domain.
In an amusing twist on Twitter, a satirical profile impersonating Twitter’s newly appointed CEO, Linda Yaccarino, jokingly claimed to have banned none other than Elon Musk, Twitter’s previous CEO and the renowned head of Tesla and SpaceX.
Ethereum, the world’s second-largest cryptocurrency by market capitalization, experienced a network hiccup that resulted in unfinalized blocks for the second time in just 24 hours. The issue surfaced late yesterday, causing a wave of concern among the Ethereum community.
Do Kwon, founder of Terraform Labs, is to be released from a Montenegro jail on supervised bail, pending the continuation of his trial on document forgery charges, according to a court statement issued on Friday. The Basic Court of Podgorica has approved a proposal by Kwon’s lawyers to pay 400,000 euros ($435,000) for his release.
The Romanian government has introduced an artificial intelligence (AI) powered robot named Ion, designed to help officials gain a better understanding of public concerns. This novel approach is being lauded as the “first experiment” in using AI to strengthen connections between citizens and decision-makers, potentially bolstering democracy and consolidating the legitimacy of governments.
The United States House Committee on Financial Services has established a May 19 deadline for Securities and Exchange Commission (SEC) Chair Gary Gensler to address their queries.
Ethereum’s mainnet experienced a temporary halt in transaction finalizations but resumed after a brief 25-minute pause. This incident is reminiscent of a similar event on March 15 when the Goerli testnet version of Ethereum’s “Shapella” upgrade faced delays due to low validator participation rates. However, the upgrade was successfully executed on the mainnet on April 12.
Amid the hype surrounding AI projects, there has been a surge in activity from crypto scammers promoting AI-related coins. The Texas State Securities Board, with the support of several other regulators, is cracking down on one such scheme.
The Internal Revenue Service (IRS) is intensifying its efforts to track down individuals potentially using cryptocurrency to evade sanctions, particularly in the wake of Russia’s invasion of Ukraine. The IRS’s criminal investigation division is partnering with blockchain analytics firm Chainalysis and Ukrainian investigators in this effort.
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A consensus on stricter draft legislation has brought European lawmakers one step closer to implementing new regulations for artificial intelligence technologies, such as ChatGPT. The AI Act, anticipated to be the first comprehensive legislation governing AI technology worldwide, is set to introduce new rules for facial recognition, biometric surveillance, and other AI applications.
Shin Hyun-sung, Terra co-founder, has formed a substantial defense team of around 30 people in preparation for his trial. The team includes numerous lawyers, some of whom specialize in coin and capital market law. Park Hyung-cheol, the former anti-corruption secretary of the Blue House, is also part of the defense.
Leading cryptocurrency exchange, Coinbase, has found itself at the center of a controversy with the meme community after referring to the beloved Pepe the Frog as a “hate symbol” associated with the alt-right movement in a recent email communication. This characterization has left Pepe fans unhappy and demanding action.
Alibaba Cloud, a branch of the Alibaba Group that delivers cloud computing solutions, is in the process of designing Cloudverse, a platform aimed at deploying metaverses. The launchpad is being developed in collaboration with Ava Labs and MUA DAO on the Avalanche blockchain.
Justin Sun announced that he is ready to invest up to $1 million in the development of meme-coins, but with the condition that these projects utilize the capabilities of the Tron blockchain.
A 21-year-old French crypto trader, Thomas Clausi, was fined €3.4 million and sentenced to 18 months in prison for using cryptocurrency, which Moroccan authorities consider illegal.
European Union (EU) member states are close to a unanimous agreement on new rules for sharing data on cryptocurrency and non-fungible token (NFT) holdings among tax authorities. Formal approval is expected next week, though some governments are still awaiting procedural approval from national parliaments.
Cardano developers have announced the launch of the first version of the Hydra Head protocol on the main network. It is a part of the Hydra L2 solution aimed at improving scalability, throughput, and transaction speed.
Tim Sweeney, CEO of Epic Games and creator of the Unreal Engine and Fortnite, has taken to Twitter to defend the metaverse after a Business Insider article declared the technology dead. Sweeney mocked the assertion, highlighting the significant number of users on various virtual world platforms.
The presentation of The Oath NFT collection was one of the standout events of the coronation weekend in the UK.
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.