COCO PAY presents a selection of last week’s most important web3 news. Don’t miss out!
- Binance informed Polish users about new requirements for cryptocurrency transactions. Starting January 20, deposits over €1,000 will require providing the sender’s full name, country of residence, and platform name. For withdrawals, regardless of the amount, recipient details must be provided.
- Donald Trump launched the $TRUMP meme token on the Solana blockchain. Within the first 24 hours, its value increased by 220%, and its market capitalization reached $62 billion.
- Dogecoin’s price surged following the launch of a new website by Elon Musk’s Department of Government Efficiency, which featured the cryptocurrency’s logo with a dog image.
- El Salvador boosted its reserves by purchasing 12 bitcoins despite previous agreements with the IMF to ease certain aspects of its national cryptocurrency policy.
- Donald Trump pardoned Ross Ulbricht, the founder of the Silk Road darknet platform, who had served 12 years in prison. Trump stated that the sentence of 40 years and two life terms was excessively harsh.
- Telegram and TON Foundation signed an exclusive agreement mandating the use of The Open Network for integrated Web3 applications.
- The Nasdaq exchange’s account on the social network X (formerly Twitter) was hacked. The attackers used the access to promote the meme cryptocurrency STONKS.
- Blackrock analysts predict Bitcoin’s value could rise to $700,000 if private and institutional investors allocate 2% to 5% of their portfolios to it.
- Hackers allegedly linked to North Korea breached the Singapore-based cryptocurrency exchange Phemex, stealing over $70 million.
Stay tuned for more updates. COCO PAY — always at the forefront of the news!
