A preliminary hearing was held yesterday against charges filed by the SEC office for selling securities against Ripple. It was 16 August for both sides to collect the charges and evidence.
Yellen Re-References Cryptocurrencies
U.S. Treasury Secretary Yellen noted that Bitcoin and other cryptocurrencies are very speculative assets. In a statement, She warned investors not to invest in cryptocurrency assets. Following these statements, there was a sudden decline in the cryptocurrency market and a rapid recovery with it.
MoneyGram Has Stopped Partnering with Ripple
MoneyGram, the giant payment network, said in a statement that the use of Ripple's payment solution, ODL, has been suspended. MoneyGram, a money transfer company, was buying XRP from Ripple for the encouragement of XRP use every quarter in its deal with Ripple.
South Korea Decides to Tax Cryptocurrencies
South Korea's Ministry of Finance said in a statement that the tax system will be active in transactions in Bitcoin and other cryptocurrencies by 2022. The tax will apply to investors earning $ 2,200 and above yearly from cryptocurrency transactions by 20%.
Chief Investment Officer of Barclays Wealth & Investments Considers Bitcoin
Will Hobbs, Chief Investment Officer of a major wealth manager, said sharp declines in Bitcoin could be seen as interest rates rise. Hobbs also said he was staying away from Bitcoin investments due to sharp price fluctuations.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.