Weekly Report (17 – 23 July 23) | What Happened This Week In Crypto

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

1) Indonesia Is Moving Quickly Towards Establishing The Country’s First Crypto Exchange

Bappebti, Indonesia’s Commodity Futures Trading Supervisory Agency, has announced that preparations for the country’s first national cryptocurrency exchange are proceeding quickly, with a debut expected in the coming weeks…[continue reading]

2) Coinbase Requests Loan Repayment By November

After new loan applications were no longer being accepted in May, Coinbase Borrow customers now have until November to repay any outstanding debt. The lending tool of Coinbase will be phased off over time. A statement on July 20 explained that the choice came after a temporary halt in processing new loan applications that had been in place since May…[continue reading]

3) The United States Government Has Sold Another 8,200 Bitcoin, According To Blockchain Data

CryptoQuant’s on-chain experts have verified that the United States government has sold another big quantity of Bitcoin (BTC) linked to the now-defunct darknet marketplace Silk Road. According to a report sent to CryptoPotato, the company purchased 8,200 BTC from suspected Silk Road hacker James Zhong on July 12…[continue reading]

4) UK “Disagrees” With Crypto Gambling Regulation

The Treasury Committee of the House of Commons has proposed regulating cryptocurrencies like gambling, an idea that has been roundly rejected by HM Treasury, the United Kingdom’s economic and financial ministry…[continue reading]

5) Ripple’s Win In Court Could Lead U.S. Banks To Look Into Using XRP For Payments Across Borders

The cryptocurrency’s creators, Ripple, are counting on XRP adoption by U.S. financial institutions. In an interview with CNBC, Stuart Alderoty, Ripple’s Chief Legal Officer, said that the firm plans to approach financial institutions in the United States about adopting its On-Demand Liquidity (ODL) product…[continue reading]