Weekly Recap in DeFi: New Developments and Trends

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by Giorgi Kostiuk

2 years ago

As the DeFi and crypto space continues to evolve at a rapid pace, staying updated on the latest developments and trends is crucial. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in this evolving space.

Visa and FV Bank Launch New Cards

FV Bank and Visa announced the launch of new debit and corporate expense cards at Money 20/20 in Las Vegas. These cards enable users to spend both USD and cryptocurrencies like Bitcoin and Ethereum at Visa-supported locations worldwide.

Immutable Challenges SEC Claims

Blockchain gaming platform Immutable faces potential SEC enforcement due to alleged violations during IMX token sales in 2021. Immutable intends to challenge the SEC's claims, which have been criticized by industry voices, including SEC Commissioner Hester Peirce.

Reddit Sells Cryptocurrency Holdings

Reddit Inc. disclosed in a recent SEC filing that it sold most of its cryptocurrency holdings, primarily Bitcoin and Ethereum, netting nearly $6.9 million in the third quarter of 2024. Reddit stated that this move was aimed at bolstering its financial reserves.

These events highlight the importance of understanding and analyzing developments in the rapidly changing world of DeFi and cryptocurrencies. Stay updated with the latest news to gain a complete perspective on current trends in this dynamic field.

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Other news

Ueno Digital Bank Collapse Revives Bitcoin Self-Custody Debate

The collapse of Ueno Digital Bank in Paraguay has sparked renewed discussions about financial independence and self-custody of Bitcoin, highlighting both the benefits and risks associated with managing one's own assets.

user avatarLeo van der Veen

Upcoming Upgrades Could Transform Ethereum Network

Ethereum developers are preparing significant upgrades that could enhance the network's capabilities and security.

user avatarLi Weicheng

Stablecoins on Ethereum: A Growing Opportunity

Stablecoins are becoming a significant growth driver for Ethereum, with financial institutions entering the market and expanding their services.

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Elon Musk Considers Merger Between Tesla and SpaceX

Elon Musk is exploring a merger between Tesla and SpaceX, aiming to consolidate resources and reshape his AI empire.

user avatarTenzin Dorje

Tesla to Cease Cybertruck Production to Focus on Cybercab

Tesla will cease Cybertruck production at its Texas Gigafactory by mid-next year to focus on Cybercab manufacturing.

user avatarBayarjavkhlan Ganbaatar

US Spot Bitcoin ETFs Face Notable Withdrawals.

US spot Bitcoin ETFs have recorded substantial outflows, reversing optimism and highlighting cautious institutional demand.

user avatarMohamed Farouk

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