COCO PAY presents a roundup of the most important Web3 news from the past week. Don’t miss out!
– Senator Ron Wyden, a Democrat, announced that employees of the Department of Government Efficiency (DOGE), led by Elon Musk, have been granted unrestricted access to the U.S. Treasury payment system, which processes over $6 trillion in transactions annually.
– A new tax law is coming into effect in India, requiring cryptocurrency holders who haven’t declared their earnings in the past four years to pay a 70% fine.
– The Brooklyn Federal Court has charged 22-year-old Canadian citizen Anden Mejedovic with fraud, hacking, and extortion attempts. According to investigators, he stole approximately $65 million in cryptocurrency from decentralized platforms KyberSwap and Indexed Finance.
– El Salvador has increased its Bitcoin reserves, purchasing 12 BTC in the last 24 hours amid a downturn in the crypto market.
– FTX Digital Markets, a cryptocurrency exchange, has announced that it will begin creditor payouts in the Bahamas on February 18, 2025. The payments will cover claims up to $50,000.
– Google has revised its artificial intelligence policy, removing the ban on its use in weapon development.
– Investment giant BlackRock is preparing to launch a Bitcoin ETP in Switzerland, expanding its presence beyond North America.
– The European uniоn has enacted a ban on high-risk artificial intelligence, restricting technologies that manipulate people, deceive users, or implement social rating systems.
– Gemini, the cryptocurrency platform founded by the Winklevoss brothers, is considering going public in 2025.
More updates coming soon. COCO PAY – always ahead of the curve!
