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

XRP's Technical Indicators Point to Potential Bullish Momentum

XRP's technical indicators suggest a possible bullish crossover, despite a bearish death cross setup.

user avatarMaya Lundqvist

Crypto Market Sees Recovery as Bitcoin Surges Above 80,000

Crypto traders are feeling more optimistic today as Bitcoin has climbed back above 80,000 after a tough period marked by a Federal Reserve rate hike and a Senate vote against the Clarity Act.

user avatarLeo van der Veen

US Treasury Targets BitBank in Sanctions Evasion Crackdown

The US Treasury has sanctioned BitBank, an Iranian exchange involved in facilitating Bitcoin payments for shipping companies in the Strait of Hormuz.

user avatarLi Weicheng

Solana Reclaims 105 Price Level After Market Dip

Solana's price recently fell to 96 after a marketwide dip but has since rallied to reclaim the 105 mark, experiencing a 56% increase in the last 24 hours.

user avatarAisha Farooq

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

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