Weekly Report (10 – 16 July 23) | What Happened This Week In Crypto
This Report will provide some essential and quick news about cryptocurrencies happening worldwide.
After a historic judgement on Thursday in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple Labs, major cryptocurrency exchanges are re-enabling trade in XRP. This past Thursday, XRP was re-listed on Coinbase, and on Friday, Binance.US followed suit. Trading in XRP was suspended from both markets in late 2020, not long after the SEC filed its action against Ripple…[continue reading]
The co-founder of Soros Fund Management, a private investment business worth $5.61 billion, is pessimistic about the future of the United States due to the country’s mounting debt. Rogers predicts that the country’s $32.47 trillion debt will manifest itself in the form of consistently high inflation and rising interest rates in the not-too-distant future…[continue reading]
On July 13, 2023, competitor exchange Kraken announced the same move 30 minutes after Coinbase said it will relist XRP. A short time later, Ripple’s Chief Legal Officer, Marco Santori, gave an interview in which he discussed the rationale for the company’s choice to relist XRP…[continue reading]
On the morning of July 13, reports surfaced that Alex Mashinsky, the former CEO of defunct crypto lender Celsius, had been detained. Minutes earlier the same day, the United States Securities and Exchange Commission had sued the cryptocurrency lender…[continue reading]
For the Polygon ecosystem, MATIC would be exchanged for Polygon (POL), a token that may be staked on various chains, pending community approval. Overall, the purpose of the update is to strengthen the ecosystem’s capacity to scale without sacrificing security…[continue reading]