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Key Events of the Week in DeFi and Cryptocurrency

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by Giorgi Kostiuk

2 years 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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Coinbase's Faryad Shirzad Critiques BPI's AML Report

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Coinbase's Chief Policy Officer, Faryad Shirzad, critiques the Bank Policy Institute's AML report, arguing it misrepresents illicit crypto activity as a small percentage of total on-chain volume.

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BPI Advocates for Stricter AML Regulations for Cryptocurrencies

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The Bank Policy Institute (BPI) calls for stricter anti-money laundering (AML) regulations for cryptocurrencies in the US, highlighting their use in illicit activities and urging Congress to address legal imbalances.

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Metaplanet Secures $50 Million Loan to Purchase Bitcoin with Zero Interest

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Metaplanet has secured a $50 million loan to purchase Bitcoin without paying interest by issuing zero-coupon bonds.

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Bitcoin ETFs Show Strong Performance Amid Market Recovery

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US spot Bitcoin ETFs have recorded their best performance since the October market crash, with significant inflows indicating strong demand.

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Ethereum Faces Resistance at $2,400 Amidst Ongoing Consolidation

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Ethereum is struggling to break above the $2,400 resistance level while maintaining gains from February.

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Ethereum Shows Signs of Recovery Amidst Cautious Market

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Ethereum is consolidating around the $2,300 mark, indicating a recovery from February lows, but still facing resistance at $2,400.

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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.