Recent trends in Asia’s private wealth sector reveal a significant shift toward digital assets, indicating a burgeoning confidence in their potential. A comprehensive report by Aspen Digital highlights that 76% of Asia’s private wealth has already ventured into the realm of digital assets, with an additional 18% planning future investments. This marks a notable increase […]
Bitcoin Inflows Surge as US Elections Approach
As the political landscape in the United States heats up ahead of the 2024 elections, Bitcoin and other cryptocurrencies are witnessing significant inflows, underscoring the close relationship between politics and market dynamics. Recent data shows that from October 5 to October 11, Bitcoin investment products attracted a staggering $419 million, contributing to an overall influx […]
MicroStrategy's Ambitious Transition to a Bitcoin Bank
In a bold move that could reshape the future of finance, MicroStrategy aims to transition into a Bitcoin bank, a vision articulated by its co-founder, Michael Saylor. With a staggering holding of 252,200 Bitcoin valued at approximately $15.8 billion, the company is positioning itself to leverage its crypto assets in a way that could redefine […]
Irish Authorities Struggle to Access $380 Million in Bitcoin Seized from Drug Dealer
In 2019, the Irish Criminal Assets Bureau seized approximately $380 million worth of Bitcoin from Clifton Collins, a convicted drug dealer. Collins acquired this substantial sum through his cannabis operations. However, the authorities are currently facing an insurmountable obstacle: the access codes to the Bitcoin wallets are lost. These codes, crucial for accessing the digital […]
US Lawmakers Challenge Crypto Policies in Heated Hearing
The recent hearing of the US Securities and Exchange Commission (SEC) showcased a significant confrontation between lawmakers and the agency regarding its policies on cryptocurrencies. SEC Chair Gary Gensler faced bipartisan scrutiny as representatives from both sides of the aisle accused the agency of stifling the burgeoning cryptocurrency industry. This tension highlights the urgent need […]
SEC Faces Off Against Coinbase: The Battle for Crypto Regulation
In a landmark court case, Coinbase, the largest cryptocurrency exchange in the United States, has found itself in a legal tussle with the Securities and Exchange Commission (SEC). The focal point of this confrontation is Coinbase’s demand for clearer regulations regarding digital assets, highlighted by a lawsuit emerging from the SEC’s dismissal of a 2022 […]
UK Introduces New Bill to Classify Digital Assets as Property
The UK government has recently introduced a transformative Property Bill aimed at redefining the legal landscape for digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and carbon credits. This proposed legislation recognizes digital assets as tangible “things” under UK law, creating a necessary framework to govern their use and ownership in various legal contexts. Digital assets […]