Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Property
UK Recognizes Bitcoin and NFTs as Personal Property – A Big Win for Crypto Owners
The post UK Recognizes Bitcoin and NFTs as Personal Property – A Big Win for Crypto Owners appeared first on Coinpedia Fintech News In a significant move, the UK government has introduced a crypto bill in Parliament that could change how digital assets are treated under British law. If passed, the bill will classify cryptocurrencies, NFTs, and tokenized real-world assets (RWAs) as personal property, providing legal protection against fraud, theft, and other risks. This legislation is the first of its…
9 months ago
New UK Bill to Legally Define Crypto Assets as Personal Property
The UK government has introduced the Property (Digital Assets etc) Bill to Parliament, proposing a significant shift in how digital assets are treated under the law. Digital Assets as Personal Property Presented on September 11, 2024, the bill seeks to categorize these digital holdings as personal property, a move that aims to provide legal clarity and protections for asset holders. Under the new legislation, digital assets such as cryptocurrencies, NFTs, and even carbon credits would be considered personal property under…
9 months ago
Former FTX Exec Agrees to Transfer $5.9 Million Bahamas Property in Plea Deal
Former FTX Digital Markets co-chief executive Ryan Salame has agreed to transfer his multimillion-dollar property in the Bamas as part of a plea agreement in his case. The move comes after Salame pleaded guilty to criminal charges in September 2023, and his plea agreement required him to pay $5.6 million in restitution to the debtors. The Property Transfer According to a motion filed by FTX Trading Ltd and affiliated debtors with the United States Bankruptcy Court for the District of…
1 year ago
A Guide to Legislation and Taxation on Cryptocurrencies
Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most critical regulatory authorities' tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc., have made it necessary. As a result, governments worldwide acknowledge the importance of regulatory oversight for keeping a check on the space. This has received a lot of…
5 years ago