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.

1) Coinbase And Binance Both Bring Back Support For XRP After A Judge’s Important Ruling In The SEC’s Ripple Lawsuit

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]

2) Legendary Investor Jim Rogers Predicts A Severe Global Financial Crisis As Debt Levels Continue To Rise

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]

3) U.S. Users Can Now Trade XRP On Kraken

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]

4) Former CEO Of Celsius Alex Mashinsky Reportedly Apprehended

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]

5) Polygon Suggests Renaming MATIC Tokens POL

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]