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Key Events of the Week in DeFi and Cryptocurrency

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by Giorgi Kostiuk

a year ago


As the DeFi and cryptocurrency space rapidly evolves, staying informed about the latest events and trends is crucial. Our weekly recap offers a concise yet comprehensive view of the most significant news and trends.

Binance Secures Regulatory Approval in Argentina

Binance has received regulatory approval in Argentina by registering in the country's Virtual Asset Service Providers registry. This achievement enables Argentine users to access the full range of Binance's cryptocurrency services. This marks Binance's 20th regulatory milestone globally.

Coinbase to Delist Stablecoins in Europe

Coinbase announced its intention to remove non-compliant stablecoins from its European platform, including Tether's USDT, to align with the EU's new regulations. Users in the European Economic Area must convert unauthorized stablecoins by December 30.

HBO Documentary on Bitcoin Creator

A new HBO documentary, 'MoneyElectric: The Bitcoin Mystery,' promises to reveal the identity of Bitcoin's elusive creator, Satoshi Nakamoto. Directed by Emmy-nominated filmmaker Cullen Hoback, the film is set to premiere on October 8, 2024.

These events emphasize the importance of swiftly responding to changes in the DeFi and cryptocurrency world as the industry continues to advance rapidly.

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OneKey Achieves Profitability and Announces AI-Driven Transformation

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OneKey, a Hong Kong-based crypto wallet provider, has announced its profitability and plans for an AI-driven transformation.

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Concerns Over Rising Living Costs and Property Market

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Policymakers in South Korea are concerned about rising living costs and the strength of the property market, which could lead to financial imbalances.

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OneKey Reports Significant Growth in Users and Revenue

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OneKey has reported a significant increase in its user base and revenue, with a remarkable 1487% increase in weekly active users and a 416% rise in revenue.

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South Korea's Inflation Rates Remain Above Target

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Consumer inflation in South Korea has remained above the Bank of Korea's target for the fourth consecutive month, despite a slight decline in price growth.

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TRUMP Token's Exchange Activity Raises Liquidity Concerns

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TRUMP Token's exchange activity raises liquidity concerns as team-linked wallets deposit large amounts to major exchanges, fueling speculation about selling pressure.

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TRUMP Memecoin Deployer Moves $94 Million to Coinbase

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Wallets linked to the TRUMP token deployer transferred $94 million in USDC to Coinbase, raising liquidity concerns.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.