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Recapping the Week in DeFi
As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed
about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.
Binance Secures Regulatory Approval in Argentina, Offering Full Crypto Services to Local Users
Binance has gained regulatory approval in Argentina by registering in the country's Virtual Asset Service Providers (VASP) Registry. This milestone enables Argentine users to access the full range of Binance's cryptocurrency services, including buying, selling, and earning through its platform. The approval marks Binance's 20th regulatory milestone globally.
Coinbase to Delist Non-Compliant Stablecoins in EU by December
Coinbase will remove non-compliant stablecoins, including Tether's USDT, from its European platform to align with the EU's new MiCA regulations. Users in the European Economic Area must convert unauthorized stablecoins to compliant ones by December 30. Circle remains a key option for compliant stablecoins. Further updates are expected in November.
Is Satoshi Nakamoto About to Be Exposed? HBO Documentary Claims to Reveal Bitcoin Creator’s Identity
A new HBO documentary, "MoneyElectric: The Bitcoin Mystery," directed by Emmy-nominated filmmaker Cullen Hoback, claims to have uncovered the true identity of Bitcoin's elusive creator, Satoshi Nakamoto. Set to premiere on October 8, 2024, the film dives into Bitcoin's origins, raising questions about the potential consequences of this long-sought revelation. Will Nakamoto finally be exposed?
Visa Introduces Tokenized Asset Platform for Fiat-Backed Tokens
On October 3rd, Visa introduced the Visa Tokenized Asset Platform (VTAP), enabling banks to issue and manage fiat-backed tokens on blockchain networks. VTAP supports digital tokens like stablecoins, tokenized deposits, and central bank digital currencies (CBDCs), streamlining tokenization for financial institutions.
FTX Hearing Set for October 7: Key Details on the Payout Process
The US Bankruptcy Court in Delaware will hold a crucial hearing on October 7, 2024, for FTX's Chapter 11 reorganization plan, potentially enabling payouts to over 98% of customers and unsecured creditors. Three follow-up hearings are scheduled for October 22, November 20, and December 12, focusing on consolidating claimants to streamline payouts and avoid delays.