“Inherent flaws” of crypto assets, concerns about Bitcoin ETFs, and soaring XRP[Weekly Review: 7/8-7/14]| CoinDesk JAPAN

Attention of the week! : BIS report

BIS called the central bank of central banks. He is skeptical about cryptocurrencies, as the currency can be said to be the source of control institutions.

bitcoin price prediction

There have been several bitcoin price forecast articles this week. As 2023 enters the second half of the year and the 2024 half-life is approaching, bullish views are spreading.

bitcoin trends

JP Morgan raises alarm bells as optimism for Bitcoin ETF grows On the other hand, the increase in the number of wallets and the booming Bitcoin NFT signaled the strength of Bitcoin.

XRP, Ethereum

This week was also a week in which the movement of Bitcoin was conspicuous, but the news of the Ripple vs SEC trial was transmitted over the weekend, and XRP rose significantly. The crypto-asset market also rose broadly.

Web3

Web3 is said to be driven by games, but game giant Sega is reviewing blockchain games. It became a cold water as expectations for the game spread with “IVS Crypto 2023”. Meanwhile, DoCoMo announced the name of its Web3 subsidiary.

industry trends

There were various movements such as Shiba Inu, China, and CBDC, but the active AI movement also extended to crypto assets.

One More Thing…

One this week. The use of NFT on smartphones is likely to increase. Google’s move will, of course, affect Apple as well.

This week, CoinDesk JAPAN opened a special website that aggregates information on “security tokens (digital securities)” and started the annual special project “Security Token Frontline”. The use of blockchain is not limited to crypto assets. We will continue to bring you interesting and useful information.

｜Text and editing: Takayuki Masuda
｜Image: Shutterstock