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

Canaan's Financial Performance Under Scrutiny

Canaan's recent earnings report reveals a significant decline in revenue and contrasting financial metrics.

user avatarFilippo Romano

Ethlabs Shifts Focus from Performance to Quantum Security

Ethlabs announces a strategic pivot from faster block production to enhancing Ethereum's defenses against quantum computing and AI threats.

user avatarEmily Carter

PrimeXBT Introduces PreIPO Trading for Anthropic

PrimeXBT is launching PreIPO Trading for Anthropic, allowing traders to gain exposure to its market-implied valuation ahead of the IPO.

user avatarMaya Lundqvist

Anthropic's IPO Filing Reveals Impressive Financial Growth

Anthropic's IPO filing reveals significant revenue growth and a strong customer base, attracting market attention.

user avatarTomas Novak

Gemini Sells UK and European Operations to KAST for Less Than 10 Million

Gemini has sold its UK and European operations to KAST for less than 10 million.

user avatarLeo van der Veen

Anthropic Gears Up for Highly Anticipated IPO

Anthropic, the AI company behind Claude, is preparing for its IPO with a proposed Nasdaq listing under the ticker ANT.

user avatarKaterina Papadopoulou

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