COCO PAY presents a selection of the most important web3 news from the past week. Don’t miss out!
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A major hack of the Bybit crypto exchange occurred due to a leak of the Safe (Wallet) developer’s credentials. Experts from Sygnia and Verichains determined that hackers from the Lazarus Group injected malicious JavaScript code into AWS S3 cloud infrastructure, allowing them to access the platform’s contract addresses.
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American rapper Kanye West (Ye) denied rumors of collaborating with influencers and launching a memecoin. He stated that although he had been deceived by some “friends,” reports about launching a cryptocurrency were false. “When I truly decide to create my own token, I will do it officially and with full transparency,” Ye emphasized.
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The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the NFT platform OpenSea. The project’s founder, Devin Finzer, confirmed this on social media platform X, noting that this event is significant for the entire non-fungible token (NFT) ecosystem.
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Apple announced the construction of a new factory in Houston, which will begin producing servers for the Apple Intelligence platform by 2026. The project is expected to create 20,000 new jobs in research and development.
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The Dubai Financial Services Authority (DFSA) has officially recognized the stablecoins Circle USDC and EURC as regulated tokens under the cryptocurrency framework for the first time. These digital assets are the first in their category to receive such approval.
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The U.S. Department of Justice has launched an investigation into the LIBRA crypto project and the possible involvement of Argentine President Javier Milei. The project’s founders, including Argentine entrepreneurs and foreign investors, are also under scrutiny.
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Nvidia exceeded analysts’ expectations, reporting revenue of $39.33 billion for the fourth quarter of 2024. The company anticipates growth to $43 billion in the first quarter of 2025. Net profit reached $22.09 billion, with earnings per share at $0.89.
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The U.S. Securities and Exchange Commission (SEC) stated that memecoins are not considered securities since they do not grant investors rights to company profits or assets.
More news coming soon. COCO PAY is always up to date!
