The IMF provided DeFi governance guidelines, while the FSB issued another another crypto warning. Furthermore, there have been rumours of El Salvador’s bitcoin and IMF bond arrangements stalling, while the US Treasury sanctioned a Russian Bitcoin miner.
Despite regulatory obstacles, the crypto sector has received excellent news concerning the expansion of the Bitcoin Lightning Network and blockchain gaming. Australia is poised to offer a bitcoin ETF, while Argentina has established a regulatory sandbox for crypto entrepreneurs and investors. Coinbase unveiled its much-anticipated NFT marketplace, and Tron inventor Justin Sun pledged to deliver ‘the most decentralised stablecoin of all time.
In addition, the SEC was met with a barrage of criticism from the crypto sector, while quantum simulations sought to forecast crypto adoption. Meanwhile, Brave ‘shut out’ Google, and the use of monero in ransomware payments has skyrocketed. EOS made another recovery move with a new developer solution, and rumours of a new optimistic token arose.
Binance had a busy week, starting with a swastika-themed failure and then with a fascinating news from Russia. In addition, the exchange curtailed its services in Russia.
Moonbirds experienced considerable criticism in the NFT industry, and KuCoin announced a USD 100 million NFT fund.