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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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SEC Introduces New Rules for Bitcoin ETF Collateral Use

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The SEC has introduced new rules allowing Bitcoin ETF holdings to be used as collateral for margin trading, enhancing institutional integration of Bitcoin.

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Strategy Boosts Bitcoin Holdings with $1.5 Billion Acquisition

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Strategy has raised over $1.5 billion to acquire an additional 22,337 Bitcoin, increasing its total holdings to approximately 761,068 BTC, solidifying its position as the largest corporate holder of Bitcoin.

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XRP Ledger Achieves Milestone with Over 77 Million Holders

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The XRP Ledger has reached over 77 million holders and is experiencing a surge in daily transactions, indicating significant adoption.

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Senator Warren Raises Alarms Over xAI's Pentagon Access

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Senator Elizabeth Warren raises concerns over xAI's access to Pentagon's classified networks due to security risks associated with the Grok chatbot.

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Oil Prices Surge Amid Geopolitical Tensions from Iran Conflict

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Oil prices have surged due to supply concerns from the Iran conflict, with predictions indicating further increases.

user avatarLi Weicheng

Urea Supply Chains Disrupted by Strait of Hormuz Closure Amid Iran Conflict

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The ongoing conflict in Iran has led to the effective closure of the Strait of Hormuz, significantly disrupting the supply chains for nitrogen-based fertilizers, particularly urea.

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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.