UK Law Commission sees no need for DAO-specific legal entity

According to Dubai officials, the subsidiary’s operations will serve as a regulatory trial for future commercial services using virtual assets. 53 Total views 1 Total shares On Friday, FZE, a subsidiary of crypto exchange FTX, was awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region. Dubai’s Virtual Asset…

Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh United States economic data came in “hot hot hot.”BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Think again” over U.S. recessionData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it erased gains from earlier in the day to center on $23,000 support.The pair…

May 2022 was not for the faint-hearted. Even the most embattled and experienced crypto traders were tested in the first two weeks of the month on a brutal drop following the United States Federal Reserve’s announcement that interest rates would be rising by 0.5%.Crypto used to exhibit a lower correlation with real-world events and was…

Top Stories This Week SBF sent home after his parents put up their house to cover his astronomical bail bond Sam Bankman-Fried will spend the holidays with his family in Palo Alto, California, after his parents secured $250 million in bail funds with the equity in their home. Among the conditions of the bail are…

The Stellar Development Foundation, developers of the Stellar network, released a financial inclusion framework for judging the efficacy of emerging market blockchain projects. The framework was developed in cooperation with consultants PricewaterhouseCoopers International (PwC) and was explained in a white paper published on September 25. Using this framework, the teams concluded that blockchain payments solutions significantly

54% of Japanese institutional investors plan to invest in crypto over the next three years, citing portfolio diversification and high return potential as key drivers.

Myanmar’s central bank claims crypto traders can be fined or imprisoned, but there are doubts about whether legislation backs this up. 1089 Total views 32 Total shares The Central Bank of Myanmar (CBM) announced that it does not recognize cryptocurrencies as an official currency and anyone caught trading digital assets can be imprisoned or fined.But…

Mt. Gox creditors will vote on a proposed draft compensation plan in October 2021. 1313 Total views 7 Total shares The trustee of hacked and now-defunct cryptocurrency exchange Mt. Gox has posted another update on the long-running process of refunding the exchange clients.Nobuaki Kobayashi, a Tokyo attorney appointed to act as civil rehabilitation trustee to…

The blockchain world may soon be seeing a major merger with the traditional financial sector.JPMorgan Chase, the United States’ largest bank, is reportedly considering merging its in-house blockchain unit Quorum with major Ethereum-focused firm ConsenSys.According to  a Reuters report on Feb. 11, unnamed persons familiar with the matter claim that the merger is likely to…