Low-income crypto investors sold off holdings during crash August 1, 2022 Low-income crypto investors sold off their holdings as the crypto crash swept across the industry, while wealthier investors held on to their portfolios. 46 per cent of crypto investors sold their holdings, with lower income individuals the most likely to do so, a survey by US-based intelligence company Civic Science found in a survey of [...]
Law Commission Breaks New Ground on Crypto August 1, 2022 The consultation on digital assets by the Law Commission is a seminal work and examines fundamental questions. The consultation, together with the Law Commission’s response, will likely serve as a legal textbook for the foreseeable future. In the last few years, we have only had semi-official guidance and a handful of superficial court decisions to [...]
The Metaversal evolution will not be centralised July 28, 2022 Web3 is Metavolutionary Some have questioned whether Web3 offers much in the way of utility. Web3 is the build-out platform for evolutionary economic and governance models. For a Web3 company to succeed, it not only needs a great product, an established userbase, but also an attack-resistant system of governance. While there will be plenty of [...]
GlobalBlock Launches New Upgraded Trading App July 28, 2022 GlobalBlock Europe, UAB (“GBE“), a subsidiary of publicly listed GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the “Company” or “GlobalBlock“), is pleased to announce that GBE has successfully launched its new mobile trading app. The enhanced technology and feature rich app complements GBE’s service led provision of digital asset services, [...]
UK courts could grant damages in cryptocurrency, Law Commission argues July 28, 2022 British courts could award remedies like damages in cryptocurrencies, the Law Commission said in its Digital Assets Consultation paper today. “There is an arguable case for law reform to provide courts in England and Wales with the discretion to award a remedy (where traditionally denominated in money) denominated in certain crypto-tokens in appropriate cases,” the [...]
Crypto market faces more sell-offs and crashes with stablecoins particularly vulnerable, IMF says July 28, 2022 Crypto could be further battered and experience more sell-offs and collapses, esepcially stablecoins, as the crypto crash hits the market, the International Monetary Fund said. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Tobias Adrian, Director of Monetary and Capital Markets for the IMF, said in an [...]
Crypto prices surge after Fed hikes interest rates July 28, 2022 Cryptocurrencies prices climbed after the US Federal Reserve raised interest rates by 75 basis points for the consecutive second month to tackle high inflation. Bitcoin jumped 7.5 per cent to trade at $22,965.5 today while Ether soared 11.14 per cent to trade at $1,624.9 after being pummelled by the crypto crash and investor uncertainty. The [...]
Law Commission proposes major legal reforms for crypto July 28, 2022 The Law Commission of England and Wales today published new proposals to reform the law around crypto and suggested recognising them as a new, distinct form of property known as “data objects.” The Commission highlighted the increasing importance of crypto and its numerous uses as it considered the principles of private law and private [...]
Law Commission proposes crypto reforms and suggests recognising it as new form of property July 28, 2022 The Law Commission of England and Wales today published new proposals to reform the law around crypto and suggested recognising them as a new, distinct form of property known as “data objects.” The Commission highlighted the increasing importance of crypto and its numerous uses as it considered the principles of private law and private [...]
Cryptocurrencies continue to struggle July 27, 2022 In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 [...]