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

New Editorial Guidelines Introduced to Guarantee Accurate Reporting.

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A new editorial policy has been launched that emphasizes accuracy, relevance, and impartiality in all reports.

user avatarDavid Robinson

Jim Cramer Proposes Major Nvidia Stock Buyback

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Jim Cramer suggests Nvidia should quintuple its stock buyback authorization to $500 billion.

user avatarAndrew Smith

Arbitrum DAO Approves Ecosystem Incentive Programs

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The Arbitrum DAO has approved a governance proposal to direct treasury resources towards ecosystem growth through incentive programs.

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FBI Takes Action Against Hamas Fundraising with Cryptocurrency Seizure

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The FBI has seized approximately $560,000 in cryptocurrency linked to Hamas as part of efforts to disrupt terrorist fundraising operations.

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Solana Ecosystem Tokens Outperform Broader Altcoin Market

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Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

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Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

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