COCO PAY presents a selection of the most important news from the world of web3 over the past week. Don’t miss out!
– Elon Musk, CEO of X Corp., announced plans to updаte the algorithms of the X social network. The main goal of these changes is to promote informational and entertaining content while reducing the impact of “negative materials.”
– On one of South Korea’s resort islands, NFT cards for tourists are planned to launch in 2025. The project is scheduled for the second half of the year.
– Following Canadian Prime Minister Justin Trudeau’s announcement of his intent to step down, public attention has shifted to opposition leader Pierre Poilievre, known for his support of cryptocurrencies.
– In 2024, Toyota plans to open “Woven City” at the foot of Mount Fuji. This experimental settlement will serve as a testing ground for AI technologies, robotics, autonomous transportation, and smart homes.
– In 2024, a large-scale operation in Kazakhstan resulted in the closure of over 3,500 online crypto exchanges, 36 offline points, and the dismantling of two financial pyramids.
– Frank Richard Algren III, convicted of failing to pay taxes on cryptocurrency earnings, was ordered to disclose access codes to his assets worth $124 million.
– Mark Zuckerberg announced upcoming changes to Meta’s policies aimed at reducing censorship and supporting free speech. The company plans to rеplace certified fact-checkers, used since 2016, with a fact-checking system based on user interaction, similar to the “community notes” feature in X.
– Legal proceedings against Terra founder Do Kwon have been postponed to January 2026. The delay is due to the need to review a large volume of evidence.
– SEC Chairman Gary Gensler called for stricter regulation of the cryptocurrency market, emphasizing that a lack of transparency and accountability threatens the survival of many projects.
More news coming soon. COCO PAY — always in the know!
