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…
UK Law Commission
UK Law Commission Says Crypto and NFTs Need Own Laws
The UK’s Law Commission calls on the government to formulate laws that exclusively govern the crypto and NFT spaces. Bloomberg reported on July 28, noting that the commission believes the current laws cannot adequately govern the burgeoning sectors. According to the report, the commission is requesting lawmakers to change laws regarding personal property to include data objects. The entity claims that implementing these changes would help courts decide ownership claims of tokens. Additionally, the commission believes these reforms can help…
3 years ago