Amid the explosive growth of memecoin projects backed by Artificial Intelligence (AI) agents in the recent past, imgnAI ($IMGNAI), a pioneer in generative AI on blockchains, has announced a major leap in the sector. Backed by HackVC, imgnAI will launch a memecoin project to complement Naifu virtual companion dubbed $NAIFU.
Chainlink (LINK), the native cryptocurrency of the decentralized Oracle network, has hit a new 3.6-year high—soaring above $29 for the first time since November 2021. The digital asset recorded an intraday high of $29.37—a 32% increase in the past 24 hours. This surge is seen as a significant breakout for
Coinbase Receives Virtual Currency License from NYDFS Coinbase, Inc., a leading cryptocurrency exchange, has been granted the authority to engage in Virtual Currency Business Activity by the New York State Department of Financial Services (NYDFS). This license allows Coinbase to legally operate and offer its services within the state of
Coinbase CEO Brian Armstrong has announced the crypto exchange will sever ties with any law firms that hire individuals from the U.S. Securities and Exchange Commission (SEC) who are responsible for unclear and harsh crypto regulations. In a recent statement on X, Armstrong emphasized that Coinbase would immediately end relationships
After a series of crypto scam events, Cambodia has finally decided to block access to 16 crypto exchange platforms in the country. However, the Cambodia crypto ban only applies to the exchange websites and not their applications. This clearly shows the Cambodian government’s struggle to manage the booming crypto market
Brian Armstrong, CEO of Coinbase, discussed on financial regulations with his recent post on X. Armstrong criticized Anti-Money Laundering (AML) regulations, calling them a “failed policy.” He highlighted statistics, that AML efforts cost global agencies around $213 billion annually but prevent only 0.2% of illegal activities, as per a report
Coinbase has announced the discontinuation of its USDC rewards program for users in the European Economic Area (EEA) starting December 1, 2024. The decision aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which impose stringent rules on stablecoin issuers and crypto platforms. The USDC rewards program, which has
The digital wallet platform of crypto exchange giant Coinbase, Coinbase Wallet, has announced a new incentive structure for USDC, a stablecoin tethered to the US dollar. On the Coinbase-incubated Layer 2 network Base, users who hold USDC in their Coinbase Wallet now have the opportunity to earn a 4.7% annual
The crypto market has progressed further in its bullish movements, with Bitcoin steadying at the $75K level. Meanwhile, the community has begun speculating on new regulatory leadership and other changes that would follow suit after the US elections. Amid this spur of activity, Coinbase has deployed its very first token
A few days ago, the CEO of Moonrock Capital took to Twitter to allege Binance of charging high fees for listing. Following this, several prominent crypto members began discussing the issue bringing to the forum varied opinions. It also raised concerns for decentralized projects and their scope within centralized exchanges
