A series of XRP relistings, Coinbase restricts staking in some states | Summary of important bulletins on the morning of the 15th

Summary of important breaking news on the morning of the 15th

This is a summary of notable news related to virtual currency until the morning of Japan time.

A series of XRP relistings (Attention: ★★★★☆)

The cryptocurrency XRP has been relisted on multiple US exchanges after receiving a favorable ruling on the 13th.

Coinbase, Kraken, Crypto.com, and Bitstamp have announced their relistings one after another, and custody service BitGo has also resumed handling XRP.

connection: “The virtual currency XRP itself is not a security” US district court rules

This lawsuit was not related to the secondary sale of XRP, but since it was determined that XRP itself as a digital token is not a security, it seems that the exchange sees it as permission to resume XRP.

connection: Summary of the “Ripple trial” filed by the US SEC (December 2020-July 23)

Coinbase staking restricted in some states (attention: ★★★★☆)

Coinbase has decided to suspend new staking offers in four states. Users can no longer deposit new assets.

In the background, the SEC and 10 state regulators, including California and Alabama, are alleging that Coinbase’s staking service constitutes unregistered securities.

The restrictions are in four states: California, New Jersey, South Carolina, and Wisconsin. Cryptocurrencies that have already been staked will not be affected.

Official acceptance of Bitcoin ETF applications such as US SEC BlackRock (Attention: ★★★☆☆)

The SEC has officially accepted applications for physical Bitcoin ETFs such as Blocklock, Bitwise and VanEck. The documents were posted on the SEC’s rule-making site.

The SEC issued a public comment request and initiated a review. The deadline for a final decision on the most high-profile blocklock application is expected to be around February 24, 240 days from now.

Source: K33 Research

connection: What is an exchange traded trust “Bitcoin ETF”? | Why the application of BlackRock attracts attention

Is Binance mass dismissal of staff? (Attention: ★★★☆☆)

Binance has cut staff, but said reports of thousands of layoffs were “widely off the mark.”

Yesterday, WSJ reported more than 1,000 layoffs and CNBC reported between 1,500 and 3,000 layoffs, but Binance’s CZ CEO denounced such reports as FUD and said the company is still recruiting. However, he did not disclose the specific number of people.

As we continuously strive to increase talent density, there are involuntary terminations. This happens in every company. The numbers reported by media are all way off. 4 FUD.

On the bright side, they just can’t resist talking about us.

We are still hiring.

— CZ Binance (@cz_binance) July 14, 2023

In addition, citing a press release announced in May, he explained that it was not an adjustment in the number of staff, but a re-evaluation of suitable personnel.

connection: Binance survey “Majority of institutional investors are optimistic about the future of cryptocurrencies”

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