COCO PAY presents a selection of the most important Web3 news from the past week. Don’t miss out!
– Former Binance CEO Changpeng Zhao stated that he has no plans to return to managing the exchange. In response to Telos X co-founder John Lilic’s appeal to U.S. President Donald Trump to pardon Zhao, he said he does not oppose the idea but emphasized that returning to Binance is not part of his plans.
– In November 2024, investments in Web3 and blockchain projects totaled $521 million, covering 103 initiatives. The primary focus was on the development of DeFi and blockchain infrastructure.
– Cambodia’s telecommunications regulator (TRC) blocked access to 16 centralized crypto exchanges, including Binance and Coinbase.
– The CEO of Coinbase announced the termination of partnerships with law firms employing former SEC officials involved in actions detrimental to the crypto industry.
– On December 3, the cryptocurrency market experienced a sharp collapse following the declaration of martial law in South Korea. President Yoon Suk-yeol intensified measures to counter threats from North Korea, causing panic among investors.
– Ethereum co-founder Vitalik Buterin emphasized the importance of integrating security and privacy features into Web3 wallets.
– The Australian Securities and Investments Commission (ASIC) proposed new regulations requiring crypto companies to obtain licenses to operate with digital assets.
– The number of users of AI-based technologies in China has reached 230 million, approximately one-sixth of the country’s population.
More news coming soon. COCO PAY — always on top of the latest developments!
