COCO PAY presents a roundup of the most important news from the world of web3 over the past week. Don’t miss out!
– A British man has filed a lawsuit against local authorities over the loss of $647 million worth of Bitcoin, which ended up in a landfill.
– Chinese researchers from Shanghai University announced the first successful hack of a widely used encryption method using the D-Wave quantum computer.
– Tether, the issuer of the USDT stablecoin, is in talks with commodity market traders, offering them credit lines to simplify trading operations.
– The cryptocurrency project World Liberty Financial, linked to Donald Trump, raised $5 million in the first hour of its presale, which is 1.7% of the targeted goal.
– The Italian government plans to raise the capital gains tax on cryptocurrency profits to 42% for earnings over €2000.
– The SEC has filed a lawsuit against Vy Pham, the creator and promoter of the cryptocurrency Saitama Inu, accusing him of selling unregistered securities and misleading investors.
– According to a new report by Aspen Digital, 76% of private investors in Asia have already invested in digital assets, and 18% plan to do so in the future.
– Chirag Tomar, a fraudster from the U.S., has been sentenced to five years in prison for creating a fake Coinbase crypto exchange website, through which he and his associates defrauded hundreds of investors.
More news coming soon. COCO PAY — always in the know!
