Weekly Virtual Currency News | Attention to Ripple Trial Judgment, June US CPI Announcement, etc.

news of the week

We will deliver the news of the week (7/8 to 7/14) together.

The US District Court’s partial ruling in the Ripple case was the most read news story this week.

Regarding the crypto asset (virtual currency) market, the report on the 11th that summarizes the fact that Bitcoin (BTC) has maintained the $ 30,000 level is attracting attention.

In addition, an article reporting the US CPI (consumer price index) figures for June in a flash report also attracted a lot of attention.

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

This week’s news ranking

1st place: “The virtual currency XRP itself is not a security” US district court rules (7/14)

U.S. District Court Judge Analisa Torres today issued a partial ruling on the XRP case, which began with a December 2020 lawsuit by the U.S. Securities and Exchange Commission (SEC). She has determined that XRP as a digital token is not itself a security. (the article ishere)

2nd place: US June CPI (Consumer Price Index) data release core falls below 5% (7/12)

June US CPI fell short of expectations for both headline and core CPI. Core CPI continues to slow. (the article ishere)

3rd place: Monek Script Bank announces rating evaluation model for crypto assets (7/13)

Monek Script Bank, which provides comprehensive services related to cryptocurrencies and blockchain, announced its own evaluation model for 30 types of cryptocurrencies on the 13th. This evaluation model evaluates each stock relatively from seven viewpoints such as liquidity, hacking risk, and concentration risk. (the article ishere)

Market news ranking

1st place: Bitcoin maintains $ 30,000 level Virtual currency fund has a large net purchase for 3 consecutive weeks (7/11)

Bitcoin price rose 1.1% from the previous day to 1 BTC = $ 30,480. According to a weekly report by the asset management company CoinShares, the flow of funds from institutional investors to digital assets such as cryptocurrency investment trusts has been net buying (increased inflow) for the third consecutive week. (the article ishere)

2nd place: Bitcoin mining difficulty hits record high, wary of large remittances from US government wallets (7/13)

Bitcoin’s difficulty (mining difficulty) reached 53.91 T, +6.45% compared to the previous time, and updated the highest difficulty ever. In the market, a fund transfer of 9,825 BTC was confirmed from two cryptocurrency wallets believed to be tied to the U.S. Department of Justice (DOJ), which became a cause for alarm. (the article ishere)

3rd place: Ripple trial ruling XRP and other altos soared, bitcoin updated high since the beginning of the year (7/14)

On this day, some altcoins such as XRP soared due to the judgment of the Ripple trial. Bitcoin has hit a new year-to-date high. (the article ishere)

Virtual Currency/Blockchain Industry News

FTX, customer billing portal release is now unavailable (7/12)

The virtual currency exchange FTX, which went bankrupt last November, launched a portal site on the 11th where customers can claim claims. It seemed to work for about an hour, but then stopped working. (the article ishere)

EU advocates “Web4” and develops related strategies such as artificial intelligence and metaverse (7/12)

The European Commission is expected to develop a strategy for virtual worlds such as “Web4” and the Metaverse. EURACTIV reported on Monday that it had obtained an early draft of the initiative. (the article ishere)

Polygon Announces Proposal to Upgrade Cryptocurrency “MATIC” to “POL” (7/14)

Polygon Labs announced on the 13th that a group of Polygon founders and researchers has released a whitepaper for a new cryptocurrency called POL. If approved by the community, it will replace all MATIC with POL at a 1:1 ratio. (the article ishere)

Google Play officially approves use of NFT App store policy updated (7/13)

App store Google Play announced today that it has updated its policies to provide new ways to trade blockchain-based digital content within apps and games. (the article ishere)

Bitbank announces survey results on awareness of Web3 (7/12)

Bitbank Co., Ltd., which operates a virtual currency exchange, announced on the 12th the results of a questionnaire survey on the awareness of Web3. It was found that the government’s policy to promote Web3 was received positively, and expectations were particularly high for support for startups and virtual currency tax reform. (the article ishere)

Possibility of NFT-based decentralized pawn shop that borrows virtual currency with Rolex as collateral (7/12)

A decentralized pawn shop service that borrows virtual currency by pawning luxury watches such as Rolex and Patek Philippe is attracting attention. This service is realized by a combination of two protocols: “Arcade.xyz”, an NFT (non-fungible token) lending protocol, and “4K”, which stores physical assets and issues NFTs. (the article ishere)

Web3-promoting NTT Digital collaborates with 13 companies to develop token wallets (7/11)

NTT Docomo, Inc. announced on the 11th that a complete small company “NTT Digital, Inc.” to promote web3 has reached a basic agreement with 13 companies including Sumitomo Mitsui Trust Bank, Hitachi, and Sanrio. (the article ishere)

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