The top 100 DeFi tokens had a mixed week. Most tokens traded in the same range as the previous week, with a minor bearish correction.
European trade body warns against the exclusion of DeFi from MiCA
The trade body recommended creating a taxonomy for the DeFi ecosystem and a consistent regulatory framework along with different levels of centralization.
UAE emerges as a pro-Bitcoin mining destination in the Middle East
The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate.
Bitcoin ETF race begins: Has institutional trust returned to crypto?
Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices.
Creditors for bankrupt Voyager Digital billed $5.1M in legal fees
Voyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees.
Thai SEC bans the use of customer crypto assets for lending and investment
Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy.
Over $204M lost to DeFi hacks and scams in Q2: Finance Redefined
The top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains.
German regulator reportedly rejects Binance’s crypto custody license demand
Binance’s regulatory trouble continues to mount as the exchange faces pushback in Europe and the United States.
ChatGPT maker OpenAI hit with class-action lawsuit over alleged data theft
AI technology has gained a lot of traction over the past year, with the European Union and the United States already proposing legislation to regulate the nascent tech.
Tether signs MoU with Georgia to develop Bitcoin P2P infrastructure
The alliance intends to bring a change to the public administration and the business sector.
EU finalizes controversial smart contract kill switch rules under Data Act
The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14.
Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief
The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology.
Etherscan launches AI-powered Code Reader: Finance Redefined
The top 100 DeFi tokens broke out of a three-week-long bearish momentum amid a marketwide surge led by Bitcoin.
Crypto.com receives regulatory approval to offer crypto services in Spain
The latest regulatory approval for the crypto exchange comes within weeks of getting a MPI license from regulators in Singapore
Binance launches regulated platform in Kazakhstan amid troubles in the West`
Amid growing regulatory uncertainty in the West several crypto platforms have shifted their focus toward the Asia Pacific region.
Binance SEC lawsuit could dent crypto exchange’s global plans
The U.S. SEC is issuing a spate of regulatory actions against major exchanges, including the world’s largest digital asset exchange, Binance.
Deutsche Bank reportedly applies for digital asset custody license from BaFin
Germany’s banking industry is slowly warming up to the crypto sector, with multiple partnerships and crypto services launching in 2023 after a long, cautious approach.
Ethereum validators may have to stake 64X more ETH, devs discuss
The proposal received mixed reactions from the crypto community, with some users stressing that it would make the network more centralized.
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red.
Binance under investigation in France since February 2022: Report
The French arm of Binance is reportedly under investigation by the French authorities on charges of “aggravated money laundering.’