Weekly Report (13 – 18 June 23) | What Happened This Week In Crypto

This Report will provide some essential and quick news about cryptocurrencies happening worldwide.

1) Suit Claims US Government Arbitrarily Took $100,000,000 In Cash, Gold, And Jewellery From Citizens

A new complaint claims that the United States government illegally removed over $100 million from the safety deposit boxes of California residents without providing any explanation. Many civilians have had their property seized by the FBI with little to no explanation, and the charity Institute for Justice claims it is attempting to stop forfeiture proceedings on their behalf…[continue reading]

2) France Investigating Binance For Money Laundering As Netherlands Bans Exchange

According to a report in the French newspaper Le Monde on Friday, June 16, Binance has decided to leave the Netherlands after failing to obtain a licence proving that the company complies with the country’s anti-money laundering (AML) rules…[continue reading]

3) The XRP, DOGE, And MATIC Communities Are All Celebrating Elon Musk’s Latest Tweet

Elon Musk, a tech tycoon and the recently promoted Chief Technology Officer of Twitter has revealed that the social media site would soon include a feature that will make it possible for users to develop communities around any issue they want…[continue reading]

4) SEC And Binance.US Has Reached A Provisional Arrangement To Provide Access To Its Assets

Some of the proposed changes include limiting the ability of Binance employees to access private keys and making the company’s financial records public. The American cryptocurrency exchange will also be upcoming with detailed information on operational costs, including estimates, in the coming weeks…[continue reading]

5) Claims In The Celsius Bankruptcy Case Are Tokenized Using Open Exchange (OPNX)

The Open Exchange (OPNX) has completed the integration of Celsius claims into its trading platform. The owner may tokenise any claim, turning it into a tradable digital asset. Speculators anticipating profit after the bankruptcy is resolved might purchase the claim token…[continue reading]

6) Claims In The Celsius Bankruptcy Case Are Tokenized Using Open Exchange (OPNX)

The Open Exchange (OPNX) has completed the integration of Celsius claims into its trading platform. The owner may tokenise any claim, turning it into a tradable digital asset. Speculators anticipating profit after the bankruptcy is resolved might purchase the claim token…[continue reading]

7) Ripple To Form A Partnership With Colombia’s Central Bank

Despite its well-publicized legal fight with the US Securities and Exchange Commission (SEC), blockchain startup Ripple has not allowed regulatory barriers to slow down its innovation or prevent it from expanding internationally, notably into Colombia…[continue reading]