Weekly Cryptocurrency News | The SEC Chairman’s first comment on the XRP trial draws attention, and the review of the US spot-type Bitcoin ETF begins

news of the week

We will deliver the news of the week (7/15-7/21) together.

This week, the most read article on the 17th reported that US Securities and Exchange Commission (SEC) Chairman Gary Gensler made his first comments on the Ripple trial.

Regarding the crypto asset (virtual currency) market, the report on the 18th that summarizes the fact that the price of Bitcoin (BTC) is stuck at the $ 30,000 milestone is attracting attention.

In addition, Ripple’s Chief Technology Officer (CTO) David Schwartz commented on the securities of the virtual currency XRP sales related to the company’s international remittance solution “On-Demand Liquidity (ODL)”.

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: SEC Chairman Gensler, first comment on Ripple trial ruling (7/18)

SEC Chairman Gary Gensler said in an exclusive interview with Yahoo! (the article ishere)

2nd place: CTO of US Ripple, comment on the securities nature of ODL’s XRP sales (7/15)

David Schwartz CTO of US Ripple commented on Twitter on the 14th about the securities of the virtual currency XRP sales related to the company’s international remittance solution “ODL”. (the article ishere)

3rd place: US spot-type Bitcoin ETF application, SEC examination started | Summary of important breaking news on the morning of the 19th (7/19)

The SEC has begun reviewing some physical Bitcoin ETFs that have been filed in the United States. Upon publication in the Federal Register, each application will be subject to an initial 45-day review period, with a decision on approval deferred for up to 240 days. (the article ishere)

Market news ranking

1st place: Stalemate at $30,000 Bitcoin milestone, number of unique addresses reaches record high (7/18)

Bitcoin price stalled at the $30,000 mark. According to The Block’s data dashboard, the number of unique addresses on the Bitcoin network has reached a year-to-date high, confirming activity. (the article ishere)

2nd place: Bitcoin closing price falls below $ 30,000, XRP rises 8% from the previous day (7/19)

The price of Bitcoin fell to $29,500 at one point, and the closing price on the 18th fell below the $30,000 level. XRP is 8% higher than the previous day. (the article ishere)

3rd place: Bitcoin moves softly at the 30,000 dollar milestone, and Stella, which is high with XRP, is 20% higher than the previous day (7/20)

Bitcoin price rose 0.03% from the previous day to 1 BTC = $ 29,985. Among individual altcoin stocks, XRP and Stellar Lumens (XLM) continued to rise the previous day. . (the article ishere)

Virtual Currency/Blockchain Industry News

US Presidential Candidate Robert F. Kennedy Jr. Announces Bold Bitcoin Policy (7/20)

US Democratic presidential candidate Robert F. Kennedy Jr. announced on the 19th that he would make two new reform promises using Bitcoin. One is a capital gains tax exemption for Bitcoin, and the other is a step-by-step backing of the US dollar with “hard currencies” including Bitcoin. (the article ishere)

Vitalik points out issues with AA wallet = EthCC (7/19)

Ethereum (ETH) co-founder Vitalik Buterin took the stage at the Ethereum Community Conference (EthCC) on the 18th and talked about the history of Account Abstraction (AA). While he praises the technology, he also talks about the challenges. (the article ishere)

European Liechtenstein virtual currency exchange LCX, XRP newly listed (7/20)

LCX, a virtual currency exchange based in the Principality of Liechtenstein in Europe, announced plans to open an XRP trading market at 10:00 am (Japan time) on the 21st. It deals with three pairs: XRP/USDC, XRP/EUR, and XRP/LCX. (the article ishere)

What is the reason why the US listed company Micro Strategy continues to buy Bitcoin in large quantities? (7/17)

MicroStrategy and its co-founder Michael Thaler purchased $250 million worth of Bitcoin in August 2020 as part of a capital allocation strategy. This article explores the company’s bitcoin investment strategy, financials, and Thaler’s vision. (the article ishere)

U.S. Ripple Invests in Metaverse Company “Futureverse” to Utilize Virtual Currency XRP (7/19)

Futureverse, a metaverse company that utilizes blockchain and AI (artificial intelligence), announced on the 18th that it has raised approximately 7.5 billion yen ($54 million) in a series A round. The funding was led by 10T Holdings, with participation from Ripple. (the article ishere)

U.S. District Judge Presents Opinion in Coinbase vs. SEC Lawsuit (7/17)

U.S. District Judge Catherine Polka Fira has offered her opinion on the 2021 Nasdaq listing of Coinbase in 2021 in the case between Coinbase and the SEC. (the article ishere)

G20 Financial Stability Board, 9 Recommendations for Cryptocurrency Regulation (7/18)

The Financial Stability Board (FSB), the global financial supervisory body for the Group of 20 (G20) countries, today announced nine recommendations related to cryptocurrency regulation. At the same time, we are also revising our recommendations for stablecoins. (the article ishere)

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