Recapping the Week in DeFi

Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.

Binance Obtains Registration from Swedish Financial Supervisory Authority

The leading cryptocurrency exchange Binance now operates in seven EU Member states after confirming it has received formal registration from Sweden’s Financial Supervisory Authority (FSA) to operate as a financial institution for the management and trading of virtual currencies in the country.

Learn more about Binance’s latest expansion in this article.

OpenSea Supports Social and Gaming Chain Arbitrum Nova

Earlier in the week, the Arbitrum ecosystem got another boost as multichain NFT Marketplace OpenSea announced support for Arbitrum’s chain dedicated to social and gaming, Arbitrum Nova, as well as joining the Data Availability Committee (DAC).

Find more details here.

SBF Blames Binance CEO CZ, Crypto Market for FTX/Alameda Collapse

Former cryptocurrency exchange FTX’s CEO Sam Bankman-Fried is hellbent on the reason for the collapse of his FTX/Alameda empire -a tweet from Binance CEO Changpeng Zhao (CZ) and the crypto market conditions in 2022.

Learn more about SBF’s take in this article.

Space ID Protocol Announces Integration with BscScan

A whole new level of user experience has been unlocked on BNB Chain as universal name service, SPACE ID announced the integration of its .bnb Domain Name Service with popular Block Explorer BscScan. The integration, which will take place in the coming weeks, will bring a number of requisite features to .bnb domain holders.

Learn more in this article.

Crypto.com to Cut 20% of Staff, About 1,000 Employees

The Crypto downsizing doesn’t seem to be over yet, with Crypto.com being the latest centralized exchange to reduce its workforce. Citing a confluence of negative economic developments, the Crypto exchange has cut its employee headcount by 20%.

Learn more about the decision here.