Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report
Finnish police have seized more than $2.6 million worth of luxury watches from Hex founder Richard Heart, who is wanted on tax fraud and assault charges in the country.
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Bitcoin and altcoins are falling toward strong support levels, which appear likely to hold in the short term.

UK Law Commission recommends ‘distinct’ legal category for crypto
The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership. The United Kingdom’s Law Commission is pushing for the creation of a ‘distinct’ category of personal property to accommodate and protect unique features of cryptocurrencies and digital assets.The body made the recommendation alongside three other key points following…

African traders least likely to fall for crypto scams: Chainalysis
The region's traders are highly aware of scams and avoid them. Blockchain forensics firm Chainalysis has found that crypto traders in Africa are less likely to have sent tokens to, or received tokens from, known scam addresses than traders in other regions in the past year.In the Chainalysis “2020 Geography of Cryptocurrency Report”, the firm…

AI execs visit White House to discuss energy infrastructure
According to a Goldman Sachs report, the demand for electrical power in the United States will have grown by approximately 2.4% by 2030.

UK Financial Regulator Warns Investors About ‘Clone Firm’
The U.K. Financial Conduct Authority (FCA) has warned investors about a so-called “clone’ company of investment firm Fair Oaks Capital Ltd., in a statement published Aug. 7. Clone firms are companies that carry out business activities under the pretense that they are a firm registered by the FCA. Almost all legal entities involved in financial…

Hayes’ Scary Warning: Bitcoin Price Could “Absolutely” Retest $3k
BitMEX CEO Arthur Hayes and a pseudonymous trader known as ‘Crypto Capo’ both predicted the Bitcoin (BTC) price to drop to the $3,000s in early 2020. In the near-term, both expect Bitcoin to retest the $3,000 region once again.In the BitMEX Crypto Trader Digest letter dated April 9, 2020, Hayes said that as the U.S.…

‘Sounds Like Bitcoin’: New Token Concept From EOS’ Dan Larimer Fails to Win Fans
Daniel Larimer, the CTO of blockchain company and EOS developer Block.One, has plans to develop a new cryptocurrency side project, he said in Telegram messages Nov. 28.Larimer, also known as BM in developer circles, gave only vague information about plans for a “hypothetical token,” which would be “immutable, non-programmable, and limited to a currency role.”The…

Thailand SEC plans to launch tokenized securities trading system
The platform will allow securities companies to trade digital tokens to capitalize on their large investor bases, according to the Securities and Exchange Commission of Thailand.