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

Senator Blumenthal Seeks Information from Cantor Fitzgerald on Tether Dealings

Senator Richard Blumenthal has requested Cantor Fitzgerald to provide records related to its business relationship with Tether, focusing on the financial gains of Commerce Secretary Howard Lutnick's family.

user avatarSatoshi Nakamura

Ledger Halts Sales Amid Fund Loss Investigations

Ledger has paused sales and shipments of its hardware wallets after reports of fund losses from customers in Southeast Asia who purchased devices from CryptoBilis.

user avatarJesper Sørensen

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.

user avatarRajesh Kumar

Sui and Alibaba Cloud Collaborate on AI Agent Payment Integration

Sui and Alibaba Cloud are developing a payment model for AI agents to autonomously pay for cloud services using stablecoins.

user avatarLucas Weissmann

Moscow Exchange to Launch Cryptocurrency Trading on December 1

Moscow Exchange is set to begin offering cryptocurrency trading on December 1, 2023, following a new regulatory framework in Russia.

user avatarFilippo Romano

OSL Group Launches Tokenized USDGO Plus SP Fund

OSL Group has successfully tokenized the USDGO Plus SP fund, providing custody and distribution through its licensed platform in Hong Kong.

user avatarEmily Carter

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