Let’s check out the most important news and trends on the crypto market in July.
zondacrypto Team
14 August 2023
19 September 2023
Ripple’s Victory against the SEC
Ripple scored a major victory in its years-long legal battle with the SEC. US judge Analisa Torres delivered a verdict that despite the SEC’s allegations, Ripple is not a security. The news spread like wildfire through the crypto market, and XRP witnessed a massive price rally of over 70% in less than an hour. The price fell somewhat during the following weeks, but the news managed to propel interests in XRP to new highs. However, the SEC’s appeal still may have a slim chance of overturning the verdict.
New Crypto Regulations
In the wake of the EU MiCA regulation, more and more jurisdictions are introducing crypto regulations in hope of setting clear rules regarding cryptocurrencies. In the US, the Financial Innovation and Technology for the 21st Century Act aims to prescribe operating rules and financial requirements for companies planning to issue cryptocurrencies, with special focus on stablecoin issuers. Also, the US Congress is considering the adoption of the Crypto Asset National Security Enhancement Act of 2023, which will regulate the use of DeFi protocols and require them to add KYC measures to prevent illegal activities and money laundering.
Possible Bitcoin ETF Approval on the Horizon
Against all odds, the US SEC has accepted six proposals for Bitcoin exchange traded funds (ETFs) in the US for review. If approved, these Bitcoin ETFs will introduce multi-billion dollar capital from traditional financial institutions and investment funds into the crypto market. The companies that filed Bitcoin ETFs include major investment giants like BlackRock and Fidelity.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Cointelegraph: Blockchain will transform football’s broken transfer system
Football’s transfer system is plagued by delays and barriers. Blockchain technology offers faster settlements and global market access - says Przemysław Kral, CEO of zondacrypto, in his opinion regarding blockchain in football market.
Business Insider: Legt Präsident Nawrocki sein Veto ein? Polnisches Unternehmen erwirtschaftet Gewinne in Polen, versteuert sie aber in Estland
Warum Estland und nicht Polen? Weil Polen uns nicht will. Was die Regulierung und Entwicklung von Kryptowährungen angeht, hinkt Polen hinterher. Und die künftige Regulierungsbehörde – ich nehme an, es wird die KNF sein, obwohl das noch nicht endgültig feststeht – ist dem Kryptomarkt gegenüber sehr negativ eingestellt. Daher ergibt es keinen Sinn, eine Geschäftstätigkeit in einem Land auszuüben, das solche Unternehmen nicht haben möchte und die Steuern ablehnt, die wir in anderen Ländern zahlen – sagt Przemysław Kral, CEO von zondacrypto, in einem Interview mit Business Insider Polska. Zu den neuen Branchenvorschriften äußerte sich im Wahlkampf auch Präsident Karol Nawrocki und versprach, kein diesbezügliches restriktives Gesetz zu unterzeichnen.
Comparic: Przemysław Kral kritisiert Kryptowährungsregulierung scharf. „Polen ist das Schlusslicht Europas”
Der CEO von zondacrypto, Przemysław Kral, weist darauf hin, dass sein Land Entwicklungschancen verpasst, während die USA Investoren anziehen. Wird Polen die digitale Revolution verpassen?
Qui Bici Sport: Die Zukunft des Sports (und des Radsports) laut zondacrypto
Wir haben sie bereits im Radsport gesehen und werden sie mit Sicherheit noch oft zu sehen bekommen. zondacrypto hat eben den Sport, und insbesondere den Radsport, gewählt, um seine Bekanntheit in den Augen des Publikums zu steigern.
Wir sprechen hier von einer Kryptowährungsbörse, die aktuell über eine Million Nutzer zählt. Um dieses Phänomen besser zu verstehen, haben wir dem CEO von zondacrypto, Przemysław Kral, einige Fragen gestellt.
Cryps.pl: ‘We prove that cryptocurrencies are not so bad’ – an interview with Przemysław Kral (CEO of zondacrypto)
The Polish cryptocurrency exchange zondacrypto has recently been making increasingly bold moves to integrate this asset class into the world of sports. We spoke with its CEO, Przemysław Kral, about what this rapidly growing brand has achieved so far.
goal.pl: Pogoń has extended its contract with a key partner. ‘This is our success and a challenge at the same time’.
Pogoń Szczecin and zondacrypto announced on Monday the renewal and extension of their sponsorship agreement. The logo of the leader of the cryptocurrency market in our part of Europe will continue to be visible on the Porters' shirts.
MilanoSportiva: zondacrypto Official Crypto Exchange Partner of Giro d'Italia Women
zondacrypto, one of the leading regulated cryptocurrency exchanges in Europe, has been announced as the official cryptocurrency sponsor of the Giro d'Italia Women 2025 (Giro Donne), one of the most important women's cycling competitions in the world. The agreement further consolidates the company's commitment to the world of cycling, already witnessed by its support of major events such as Strade Bianche, Milano-San Remo and Tour de Pologne.
Business Insider: Cryptocurrencies “not in accordance with principles of morality”, but still taxed. Ministry of Digital Affairs with a surprising decision
The Ministry of Digital Affair has denied the zondacrypto exchange access to the mechanism for sharing data from the mObywatel application. There would be nothing surprising about this, were it not for the reason for the decision - the ministry considered cryptocurrencies to be ‘incompatible with good morals’. The refusal is all the more surprising given that identical integration is already used by at least four licensed bookmakers, a gambling industry traditionally seen as riskier. This one, however, has met no resistance from the administration.
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