On 13 July, the final ruling in the SEC vs Ripple case favored the latter. This led to crypto exchange Gemini considering re-listing XRP on its platform for trading.
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The FTC issued a press release that stated that they have decided to reach a settlement with the Celsius Network.
Crypto exchange Gemini filed a lawsuit against the DCG group and its CEO Barry Silbert on the grounds that Silbery misrepresented facts about Genensis’ solvency. The DCG group didn’t hold back and also responded to the very public lawsuit.
Reportedly, crypto exchange FTX turned down a $100 million worth sponsorship deal with singer Taylor Swift. However, the deal not going through worked in favor of Swift as celebrities that promoted FTX were sued later on.
Crypto exchange Bitfinex was the victim of a hack in August 2016. However, as of 6 July, the crypto exchange received their stolen funds in cash and BCH from the US Homeland Security after two individuals were arrested for hacking the platform.
Just days after halting its transactions, Prime Trust was in the news again. However, this time, the Nevada Financial Institution Division approached the court about some missing fiat funds.
Binance was in the news once again and it wasn’t good for the exchange. As of 23 June, Belgium’s financial authority ordered the cryptocurrency exchange to halt all operations with immediate effect.
Prime Trust, a crypto custodian, announced that it would be halting transactions as of 22 June. Furthermore, BitGo announced that it wouldn’t be acquiring Prime Trust days after reaching a deal.
Binance was in the news again as there was speculation that the exchange was under investigation by the French authorities for money laundering. However, the exchange responded that the so-called visit from the French authorities was nothing but a regular on-site visit.
Asset management firm Blackrock filed a Bitcoin ETF registration statement with the U.S. SEC. This led to a slight impact in the price of BTC as the king of cryptocurrencies saw some slight recovery.
As of 15 June, the NYAG announced that it would recover $1.9 million from CoinEx. This was because the exchange failed to register itself with the SEC or the CTFC.
As of 14 June, Binance applied to deregister its crypto asset services in Cyprus. This news comes to light a few days after Binance.US got into trouble with the SEC.