Weekly Review: Key Developments in DeFi and Cryptocurrency

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by Giorgi Kostiuk

2 years ago

The DeFi and cryptocurrency world continues to evolve at a rapid pace. Here's an overview of the key news and trends from the past week.

Binance Becomes Licensed Crypto Broker-Dealer in Brazil

Binance has become the first crypto exchange to receive a broker-dealer license from Brazil's central bank. This significant milestone includes the acquisition of São Paulo-based platform Sim;paul and allows Binance to distribute securities and issue electronic money within Brazil's regulatory framework.

Morgan Stanley May Add Cryptocurrency Trading to E*TRADE

Morgan Stanley is exploring the possibility of adding cryptocurrency trading to the E*TRADE platform, potentially offering the service to its 5.2 million retail users. If implemented, this move would position E*TRADE as one of the largest traditional financial platforms entering the crypto market.

Do Kwon Pleads Not Guilty in U.S. Court Over Terra

Do Kwon, co-founder of Terraform Labs, has pleaded not guilty to nine charges related to the collapse of the Terra ecosystem. Extradited from Montenegro, Kwon was arrested in March 2023 with fake documents while attempting to board a private jet.

These events illustrate the dynamic development of the DeFi and cryptocurrency world, highlighting the importance of staying informed about the latest trends and changes in this industry.

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Other news

Cardano's New Scaling Test Reveals Key Performance Metrics

A recent report by Input Output highlights the performance improvements of the Cardano scaling test, focusing on throughput and completion time.

user avatarSatoshi Nakamura

Crypto Market Declines Following Global Selloff

The crypto market faced a significant decline over the weekend, with Bitcoin falling 11%, Ethereum dropping 26%, and Solana decreasing by 28%, following a global market selloff.

user avatarNguyen Van Long

Cardano Developers Launch Public Test Network for Dijkstra Upgrade

Cardano developers have launched a public test network for the Dijkstra upgrade, enabling developers to test and prepare for new protocol rules.

user avatarJesper Sørensen

Tether Introduces New Framework to Enhance Bitcoin Mining Operations

Tether has announced a new initiative aimed at simplifying Bitcoin mining operations by integrating existing equipment through a common software framework.

user avatarRajesh Kumar

Electrum Wallet Vulnerability Could Lead to Unintended Payments

Electrum disclosed a vulnerability in its wallet that could lead to unintended payments due to a flaw in fee adjustments.

user avatarLucas Weissmann

US Household Inflation Expectations Increase Ahead of Federal Reserve Meeting

In October 2023, American households raised their inflation expectations to 4.7% for the next year and 3.5% for the long run, according to a survey by the University of Michigan.

user avatarFilippo Romano

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