COCO PAY presents a selection of the most important web3 news from the past week. Don’t miss out!
– The United Arab Emirates has exempted cryptocurrency transfer and exchange operations from VAT, enhancing the country’s attractiveness for digital assets.
– The mayor of Rockdale, Texas, stated that Bitcoin mining has given new life to the city. Companies have not only invested billions in the region and created hundreds of jobs but also actively participate in charity and support local events.
– JPMorgan analysts highlighted several key factors that may influence the cryptocurrency market in the coming months: the US Federal Reserve’s interest rate cuts, the rising popularity of Bitcoin ETFs, and a major Ethereum upgrade called Pectra.
– The United Nations released a new report on the sharp rise of cybercrime in Southeast Asia. In 2023, losses from cyber fraud ranged between $18 and $37 billion. Criminal groups are increasingly using platforms such as Telegram.
– In the HBO documentary Money Electric: The Bitcoin Mystery, Peter Todd was named as the creator of Bitcoin. The programmer denied this, stating, “I am not Satoshi.” The speculation was triggered by a post allegedly published from his account on the BitcoinTalk forum.
– Former Alameda Research CEO Caroline Ellison has agreed to hand over nearly all of her assets to settle the debts of the bankrupt cryptocurrency exchange FTX.
– SEC Chairman Gary Gensler expressed that cryptocurrencies like Bitcoin are unlikely to be widely used as a payment method and will probably remain a store of value.
– The Chinese group SweetSpecter attempted a phishing attack on OpenAI employees by sending emails with malicious attachments, posing as ChatGPT users.
More news coming soon. COCO PAY — always in the loop!
