POKKET Weekly News: The Week In Crypto (6–12 Jul)

Bitcoin volatility remained low throughout the week, with its price moving between a narrow band of $9,000 – $9,400 throughout the week. The crypto market seems to have lost interest with its main cryptocurrency, for a mini altcoin boom.

In other news, various altcoins surged in price this week, as part of the altcoin season heating up further. The Shiba Inu meme-based Dogecoin reached new highs amid almost 2,000% volume surge, thanks to a TikTok video. Now it’s ranked 29 on CoinMarketCap, ahead of the DeFi darling Compound in market capitalization.

While you’re at it, check out our interest rates including our top 10 earning tokens below.

Here are this week’s highlights

Exclusive: Crypto exchange Coinbase readies landmark stock market listing, sources say

(Reuters) – Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter…

Digital Yuan Set for Real-world Ride Sharing Pilot with Apple-backed Didi

Per Beijing Business Today and Bloomberg, a digital currency unit of the central People’s Bank of China (PBoC) has struck a “strategic cooperation” deal to “explore the applications of the digital yuan” in the world of “smart travel” with Chinese firm Didi Chuxing…

First Russian Crypto Law ‘to Be In Force by Start of 2021’

Russia’s first crypto law “will be adopted by January 1, 2021,” said the bill’s chief architect, adding that the legislation is “now approaching the finish line.” Per RBC, Anatoly Aksakov, the head of the State Duma’s financial committee and the man charged with mediating the “On Digital Assets” act, said that “disagreements” had now been resolved, and a new version had been sent to lawmakers and regulators for final approval….

Shariah Council Permits Cryptocurrency Investing and Trading

The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that it might not be Sharia-compliant…

Argentina sets new Bitcoin trading record as economy worsens

In the midst of a financial crisis, worsened by lockdowns due to the coronavirus pandemic, Argentina is now trading more Bitcoin than ever. Almost…

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