Weekly Report (04– 10 April 22) | What Happened This Week In Crypto

This Report will provide you with some important and quick news about cryptocurrencies that happened around the world.

1) Binance Receives Approval To Operate In Abu Dhabi As A Crypto Broker-Dealer

Binance, the world’s biggest cryptocurrency exchange by daily transaction volume, has gained preliminary authorization to operate as a broker-dealer in virtual assets, including cryptocurrencies, in Abu Dhabi…[continue reading]

2) The UK Regulator’s Temporary Crypto Registration List Has Been Reduced To Five Firms

Only five cryptocurrency exchanges remain on the Financial Conduct Authority’s (FCA) temporary registration (TRR) list, which allows them to continue trading while their applications are reviewed by the United Kingdom’s financial services regulator…[continue reading]

3) The EU’s Fifth Round Of Sanctions Against Russia Targets Crypto Loopholes

The European Union has imposed further sanctions on Russia in response to its aggressive activities toward Ukraine. This fifth set of sanctions includes a variety of measures aimed at both the economy as a whole and at individuals — as well as steps aimed especially at cryptocurrencies…[continue reading]

4) Kraken Closes Its Worldwide Headquarters, Claiming That ‘San Francisco Is Unsafe’

Kraken CEO Jesse Powell announced the closure of the company’s worldwide headquarters in San Francisco in a Tweet. The Golden City is losing its luster as one of the top cryptocurrency exchanges in the United States leaves its San Francisco offices…[continue reading]

5) Bitcoin Is Now Accepted As A Legal Tender In Honduras’ Special Economic Zone

Prospera’s special economic zone is seeking to stimulate economic activity and attract international investment by using cryptocurrency. Bitcoin and other cryptocurrencies may now be used as a means of payment for persons and companies in the Prospera special economic zone on the island of Roatan, according to a statement on Thursday…[continue reading]

6) SEC Approves Teucrium’s Bitcoin Futures ETF

The Securities and Exchange Commission of the United States has approved the launch of a bitcoin futures exchange-traded fund by NYSE Arca and Teucrium. The SEC confirmed the clearance in a posting on its website on Wednesday, joining a growing list of bitcoin futures ETF issuers…[continue reading]

7) Starbucks CEO Confirms Company Will Enter Metaverse Business In 2022

Howard Schultz, the billionaire entrepreneur and CEO of Starbucks, revealed during an Open Forum on April 4 that the firm intends to join the NFT market by the end of 2022. The corporation verified this news a few hours later…[continue reading]