UK Law Commission proposes classifying crypto as a new type of property
UK Law Commission proposes classifying crypto as a new type of propertyOther Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements.
Happy Wednesday!The global crypto market cap is $1.17 trillion, with a 24-hour volume of $32.69 billion. The price of Bitcoin is $30,326.56, and BTC market dominance is 50.2%. The price of Ethereum is $1,857.66, and ETH market dominance is 19.1%. The best-performing sector is Cannabis, which gained 276%. The Crypto Fear & Greed Index is currently Greed (62). Top News
UK Law Commission proposes classifying crypto as a new type of propertyOther Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements. Robinhood lays off 7% of workforce on same day as Cardano, Polygon, and Solana delistingThe company's most recent round of layoff falls on its in-house delisting deadline for three tokens labeled "unregistered securities" in recent SEC enforcement actions. EDX Markets reportedly drops Paxos as planned custodial partnerEDX Markets has reportedly broken its ties with Paxos and is nearing a deal with Anchorage Digital. Latest Insights
More NewsMicroStrategy BTC holdings balloon to $4.6B as firm invests another $372MWith an average purchase prices of $29,668 per Bitcoin, MicroStrategy's BTC holdings are at a slight profit. BitGo CEO says traditional financial firms will remain ‘mostly out’ of cryptoMike Belshe highlighted regulatory challenges but said he believes crypto firms and traditional financial firms could create a stronger, derisked market together. FTX pauses sale of stake in AI firm Anthropic, once purchased for $500mThe planned sale was expected to conclude with a nine-figure deal. Longest streak of Bitcoin withdrawals surpassing deposits signals market shiftJune 27 marks the longest streak ever recorded of Bitcoin withdrawals from exchanges outpacing deposits to exchanges. SBF trial locked in for October after court rejects pre-trial motion to dismissThe court said that after hearing all of the arguments related to the pre-trial motions, it has determined that they are "either moot or without merit."
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Bitcoin Cash surged 108% over the last week after EDX Markets opened
Tuesday, June 27, 2023
The Bitcoin fork network's coin more than doubled in price over the last week after it became available to institutional traders on a powerhouse-backed exchange.
Japan’s token issuers are now exempt from corporate tax on unrealized gains
Monday, June 26, 2023
The tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms.
The yield convergence and its implications for Bitcoin
Sunday, June 25, 2023
CryptoSlate's latest market report dives deep into the concept of yield convergence and its potential effect on Bitcoin.
Coinbase adds support for USDC on Stellar
Saturday, June 24, 2023
The addition could reduce transaction costs and allow for faster transactions.
Binance.US resolves delayed USD withdrawals; expects banking partners to halt option again
Friday, June 23, 2023
US dollar balances could be forcibly converted to Tether (USDT) if necessary.
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