The acronym DeFi means decentralized finance, and recently they have been increasingly flickering in the headlines.
On July 16, OKEx, one of the largest cryptocurrency exchanges by spot and derivatives trading volume, suspended withdrawals. The Chinese media quickly got flooded with rumors abot OKEx CEO arrest and investigation related to a large-scale money laundering scheme through OKEx accounts.
October 15, 2020 - Nominex, a top 100 cryptocurrency exchange by CoinMarketCap, has announced a partnership with Colmore FX, an educational platform for traders and investors of the UK. Colmore FX and Nominex are working closely on delivering high quality courses of crypto trading for beginners in the near future.
Five Russian banks expressed interest in a possible pilot project of the digital ruble if it is launched by the Bank of Russia. The RNKB from the disputed region of Crimea is among them.
The Ethereum Foundation, an organization behind the development of Ethereum, announced the creation of a new programming language called Fe for smart contracts. Previously, only the Solidity language was used for these purposes.
The Russian central bank started a series of public consultations to explore the prospects for digital ruble. The discussion with commercial banks and financial organizations will run until December 31, 2020.
Google Trends recorded a decline in the number of searches related to the decentralized finance market. This may indicate a tipping point in the DeFi life cycle.
Bitcoin was able to overcome the bearish pressure. The price of the cryptocurrency exceeded $11,000 and is approaching $12,000.
The Bank of Korea will test the central bank-issued digital currency (CBDC) next year. South Korea is aiming to catch up with neighboring China in its digital currency journey.
On October 6, infamous crypto enthusiast and IT entrepreneur John McAfee was arrested in Spain. He is awaiting extradition to the United States.
Over the past three weeks, transaction fees, their volumes and number on the Ethereum network dropped significantly. This may be due to a decrease in the activity of speculators in the DeFi market.
One of the largest banks in Germany published a report on the prospects and risks of digital currencies issued by central banks. According to the bank's experts, CBDC will reduce the level of privacy of payments and may lead to social unrest.
The US Attorney's Office opened a criminal case against the founders and heads of the BitMEX crypto exchange. The US Trading Futures Commission also accuses BitMEX of violating various AML and bank secrecy laws.
The IRS named the winners of the tender for a solution for tracking transactions in cryptocurrency networks with increased privacy. These are the Texas-based company Integra FEC and Chainalysis known for its collaboration with American government agencies.
Prediction Market has always been a tepid track in the DeFi world.
Since the beginning of 2020, the number of Tether addresses with a positive balance tripled, and the emission of all stablecoins taken together exceeded $20 billion.