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

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

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CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

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