The DeFi markets have entered a sharp correction with the top-ten DeFi tokens losing around 10-50% over the last week.

Using the new token swap feature of the MetaMask wallet, users can directly request token prices from decentralized exchanges and token aggregators.

On Monday, PBoC’s deputy governor briefed the developments with testing the Digital Yuan in a limited market exposure and said that they have made “positive progress” so far.

The SEC Chairman that is an ETF proposal adds efficiency while following all regulatory laws, the agency is willing to accept such a proposal. However, he warned of being cautious to try and trick the regulator.

The ECB release a comprehensive report on introducing Digital Euro and moving towards digital payments while ensuring the financial stability and sovereignty of the region.

During the 40th week of this year, cryptocurrency prices attempted yet another resistance break, yet they were quickly slowed down by several worldwide events

The German banking giant bats for CBDCs in making and notes that they would be crucial for global trade in the future.

CFTC has accused BitMEX of illegally offering crypto derivative transactions at high leverage to its customers without actually registering with the regulator and failing to implement key safeguards on the platform.

The Q3 2020 has been Bitcoin’s best third-quarter in its history as the world largest cryptocurrency forms a strong base above $10,000.

The Spadina testnet is a pre-launch arrangement for testing the deposits and launch tools before the actual launch of Ethereum 2.0 mainnet.

Uniswap becomes the first DeFi token to cross $2 billion in total value locked surpassing MakerDAO.

WorldCoinIndex Derivatives Report 2020 Week 39

The executive arm of the European Union announced its new Digital Finance Package to bring more clarity on the function of blockchain and crypto companies under the new legislative rules.

With Bithumb chairman faces charges of fraud and scam, the exchange is up for sale to a tune of $600 million with many big players showing interest.

Hashdex, the regulated fund manager from Brazil, said that the crypto ETF will launch by the year end with listing on the Bermuda Stock Exchange.

Bridging the gap between the crypto firms and the banks, the banking regulator OCC allowed all federally registered banks to offer reserve funds for stablecoins. However, it has asked the banks to maintain due diligence and caution.

With the growing demand and importance of Bitcoin and cryptocurrencies, we can expect 2021 to be a year where we see larger adoption. Moreover, with the rise in DeFi and online casinos, crypto transactions are bound to grow simultaneously.

The People’s Bank of China (PBoC) said that the wish to take the first-mover-advantage in the race for digital currency and reduce its dependency on the Digital Dollar.

WorldCoinIndex Derivatives Report 2020 – Week 38

Uniswap plans to distribute around 1 billion UNI tokens over the next four years. The platform rewarded all wallets holder 400 UNI who interacted with the Uniswap protocol before September 1.