COCO PAY presents a selection of the most important Web3 news from the past week. Don’t miss out!
Brazil halts operations of social network X
The Supreme Court of Brazil has blocked the social network X (formerly known as Twitter) across the country. The reason for the blockage is the company’s refusal to remove accounts spreading misinformation and its closure of operations in the country. A daily fine of 50,000 reais (about $9,000) is imposed for attempts to bypass the ban using VPNs.
The value of memecoins has plummeted
The analytical company Lookonchain reported a significant drop in the value of the top 10 memecoins. According to their data, the average decline amounted to 63.73% from their historical peak.
FBI warns of North Korean cyberattacks
The FBI has issued a warning about cyberattacks from North Korean hackers targeting employees of cryptocurrency companies and ETF providers. Be vigilant and strengthen cybersecurity measures.
Most NFT collections are “dead”
According to analysts from NFT Evening, 96% of the more than 5,000 existing NFT collections are considered “dead” due to a lack of trading and market activity. This points to a significant decline in interest in the segment.
Changpeng Zhao permanently removed from Binance management
The founder and former CEO of the cryptocurrency exchange Binance, Changpeng Zhao, has been permanently removed from managing the company, despite initial plans for a three-year restriction.
Trump supports cryptocurrencies and AI
At the Economic Forum in New York, Donald Trump announced his support for cryptocurrencies and artificial intelligence, promising to reduce regulatory pressure and make the US a global leader in these industries.
More news coming soon. COCO PAY – always up to date!
