Weekly Report (26 June – 02 July 23) | What Happened This Week In Crypto

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

1) China’s New President Has Brought Bitcoin Into The Spotlight After Replacing The Country’s Central Bank Governor

Gongsheng’s 2017 comments regarding Bitcoin (BTC) were spotlighted due to this new development. “Sit down by the river and watch; one day, Bitcoin’s corpse will float before you,” he predicted the cryptocurrency’s demise in 2017…[continue reading]

2) JPMorgan Chase Denies Refund After Imposter Steals $30,000 With Fake ID

JPMorgan Chase has told a client to stick it out after giving tens of thousands of dollars to a fraudster using a fake ID. According to WSB-TV in Atlanta, Georgia, Justin Lee claims he lost $30,000 when a guy using a fake ID and social security number strolled into a Chase branch and persuaded the bank to give over the money…[continue reading]

3) BlackRock’s Hopes Of A Bitcoin ETF Dashed By The SEC

According to The Wall Street Journal, the regulator informed Nasdaq and Cboe Global Markets that the reports made on behalf of asset managers like BlackRock and Fidelity Investments needed more consistency and comprehensiveness…[continue reading]

4) IMF Official Warns That US Dollar Weaponization Is Creating A Currency Crisis

According to the managing director of the IMF in Russia, many countries are looking for an alternative currency because of the West’s desire to remove some countries from the global payments system. In a new story from Sputnik, Aleksei Mozhin says that the world has seen how the US and its partners used economic and financial sanctions to punish Russia for its war in Ukraine…[continue reading]

5) The US Version Of Revolut No Longer Supports Cardano, Polygon, Or Solana

The U.K.-based fintech company Revolut informed its American customers via email on June 28 that it would no longer accept three of the most popular cryptocurrencies. As of immediately, the business said that its app would no longer facilitate the purchase of Cardano (ADA), Polygon (MATIC), or Solano (SOL) by customers located in the United States…[continue reading]

6) MicroStrategy Increases Bitcoin Purchases Bringing Treasury Value To Over $4.5B

MicroStrategy, a provider of business analytics solutions, revealed the acquisition of more than 12,000 Bitcoins on June 28. Since its latest acquisition, MicroStrategy has increased its Bitcoin holdings from 152,333 to 152,333, bringing the total value of its Bitcoin Treasury to over $4.5 billion…[continue reading]

7) Coinbase Has Submitted Paperwork To Have The SEC Case Thrown Out For Lack Of Substance

Coinbase Global Inc. (NASDAQ: COIN) has filed a petition in the United States District Court for the Southern District of New York asking that the accusations against it in the Securities and Exchange Commission’s (SEC) complaint be dismissed for lack of merit…[continue reading]