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The Law Commission of the United Kingdom (UK) Parliament has recently introduced the Property (Digital Assets, etc.) Bill in an effort to legally recognize digital holdings. This proposed legislation aims to categorize crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This significant development marks a historic moment in British legal
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Recently, Jameson Lopp, co-founder of CasaHODL, raised a red flag about a new phishing scam that is specifically targeting users of the popular cryptocurrency exchange, Gemini. The scheme involves a fake data breach notice that tricks users into transferring their funds to malicious actors under false pretenses. Lopp’s warning sheds light on the deceptive tactics
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Zurich Cantonal Bank, one of the leading Swiss financial institutions, recently made waves in the crypto world by launching Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. This move signifies a significant step towards integrating digital assets into traditional banking services. With total assets under management amounting to $235 billion, Zurich Cantonal
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The Digital Chamber (TDC) has taken a stand by calling on Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods and therefore exempt them from federal securities laws. This move comes in response to the growing worries surrounding the Securities and Exchange Commission’s (SEC) recent actions, including sending a Wells
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The US Securities and Exchange Commission (SEC) has been facing ongoing concerns regarding the Staff Accounting Bulletin No. 121 (SAB 121). Commissioner Hester Peirce has recently voiced her reservations about this regulation, emphasizing the need for a reevaluation of its content and process. Peirce’s comments follow a speech by SEC Chief Accountant Paul Munter, who
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The Cardano (ADA) ecosystem recently underwent significant growth in various key metrics, coinciding with the planned Chang upgrade that was successfully implemented on September 1. Despite facing a bearish market sentiment that impacted ADA’s price, the Cardano Foundation reported a surge in investor activity and blockchain usage. According to a social media post by the
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In recent months, Coinbase has experienced a sharp decline in market share according to a report by research firm Kaiko. Earlier this year, Coinbase dominated more than half of the US crypto market share, reaching almost 55% in March. However, as of early September, its market share has dropped to 41%, down from 53% in
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Ethereum, one of the top cryptocurrencies by market cap, has been facing a bearish movement recently, leading to a drop in its price. This downward trend has left many investors in the red and has raised concerns about the future of ETH. Despite its popularity, Ethereum continues to underperform compared to other cryptocurrencies in the
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