The Property (Digital Assets, etc.) Bill introduced by the Law Commission of the UK Parliament marks a significant milestone in recognizing digital holdings as legal assets. The bill aims to include cryptocurrencies, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This legislative development is crucial as it is the first time
Bitcoin may be facing a downward trend, struggling to maintain a position above $54,000 and break through $57,000. Despite these challenges, a recent analysis by crypto analyst Kaleo reveals that Bitcoin is actually displaying healthier dynamics compared to its performance during the previous halving cycle. It has been 141 days since the last halving, and
In recent years, the rise of crypto scams, specifically the “pig butchering” schemes, has caused billions in losses, prompting the Commodity Futures Trading Commission (CFTC) to take action. Collaborating with federal and private organizations, the regulator aims to educate consumers about the warning signs of these scams and prevent fraud before it occurs. The CFTC’s
Recently, Jameson Lopp, co-founder of CasaHODL, has raised concerns about a new phishing scam that specifically targets Gemini users. The scam involves scammers sending out fake data breach notices in an attempt to deceive users into transferring their funds to malicious actors. The notice falsely claims that Gemini has partnered with Trust Wallet following a
Recently, lawmakers have initiated a joint investigation into the Securities and Exchange Commission (SEC), expressing concerns over potentially politically motivated hiring practices within the agency. The investigation, led by Committee Chairmen Jim Jordan, Patrick McHenry, and James Comer, aims to ascertain whether the SEC violated federal laws by considering political affiliations in the recruitment of
Bitcoin has shown a positive trend with a decent increase above the $57,500 resistance level. This indicates a potential move towards the $60,000 mark. The price is currently trading above $57,200 and the 100 hourly Simple Moving Average, suggesting a bullish momentum. There was a break above a short-term declining channel with resistance at $56,650
US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has been vocal about her ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). In a response to a speech by SEC Chief Accountant Paul Munter on Sept. 9, where Munter reaffirmed the SEC’s unchanged stance on SAB 121, Peirce reiterated her apprehensions
In light of the recent hack that targeted WazirX’s systems, Grant Thornton, a leading global auditor, conducted a thorough review of Liminal’s infrastructure to assess any potential vulnerabilities. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing reassurance that the platform’s self-custody wallet services remained secure throughout the incident.
Recent data from research firm Kaiko reveals a significant shift in market share among crypto exchanges in the US. The once dominant player, Coinbase, has experienced a decline in market share from over 50% to 41% in recent months. On the other hand, smaller exchanges like Bullish have seen their market share nearly double, reaching
Bitcoin’s price has recently shown signs of improvement, surpassing the $55,500 resistance level. As of now, BTC is consolidating and may target higher gains if it manages to surpass the $58,000 resistance mark. Bitcoin has seen an upward trend from the $52,500 support area, currently trading above $55,500 and the 100 hourly Simple Moving Average.