COCO PAY has prepared a digest of the most relevant web3 news from the past week for you. Find out what you might have missed!
Windows Glitch Sparks Meme Coin Boom
A recent global outage of Microsoft Windows systems, caused by a faulty security updаte from CrowdStrike’s Falcon Sensor, has led to the launch of numerous meme coins dedicated to the “blue screen of death” (BSoD) and CrowdStrike.
Meta to Cut Metaverse Division Budget by 20%
Meta announced a 20% budget cut for its Reality Labs division, which develops hardware and software for the metaverse.
SEC Approves Spot Ethereum ETFs
The U.S. Securities and Exchange Commission (SEC) has approved the launch of spot ETFs for Ethereum. This decision follows a lengthy review process of applications from several financial companies.
U.S. Approves Bill to Ban Use of Crypto Assets for Illegal Purposes
The U.S. House of Representatives has approved bill HR 2969, aimed at preventing the use of crypto assets for illegal purposes, including terrorism financing.
Ferrari to Accept Cryptocurrency in Europe
Ferrari has announced support for crypto payments for its customers in Europe, starting from the end of July. Previously, this option was only available to customers in the U.S.
Bitcoin Advertised on Massive Sphere in Las Vegas for the First Time
Crypto exchange Crypto.com launched a new advertising campaign in honor of its eighth anniversary, placing a Bitcoin ad on the screen of the MSG Sphere complex in Las Vegas.
OpenAI Faces Significant Financial Risks
OpenAI risks losing $5 billion in 2024, which could deplete its cash reserves within 12 months.
More news is coming soon. COCO PAY — always on the same wavelength with you!
