The U.K. Law Commission called for cryptocurrencies and digital assets to be classed as “data objects” in new reforms aimed at fostering growth and legal protection. The Law Commission of England and Wales is proposing a number of law reforms to provide wider recognition and legal protections for cryptocurrency and digital asset users. The institution...Continue Reading

The GameFi industry holds massive potential for growth within the next six years, according to a recent report. A recent report from Absolute Reports projects massive growth for the GameFi industry within the next six years.  The research has the play-to-earn nonfungible token (NFT) game industry with an estimated value of $2.8 billion within the...Continue Reading

The Fed rate hike and comments from Jerome Powell serve to buoy risk assets, with one analyst arguing that the worst of the bank’s “hawkish” phase has already passed. Bitcoin (BTC) consolidated higher into July 28 after United States monetary policy changes fueled optimism in risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed...Continue Reading

A financial professor is skeptical about Bitcoin’s design but is still very much involved in crypto research and is bullish about the future of digital assets. A future without digital assets is hardly imaginable but Bitcoin (BTC) is far from being perfect by design, according to a finance professor at the London School of Economics...Continue Reading

The “complete lack of end-user demand for Helium should not have come as a surprise,” noted Web3 critic Liron Shapira. A recent critique from author and entrepreneur Liron Shapira on the Helium blockchain project has caused a strong debate over the long-term prospects of the company. Founded in 2013, Helium is an Internet of Things–...Continue Reading

The sudden dramatic spike in active addresses on the network has left many guessing about the cause. On-chain metrics firm Santiment says it is still investigating the cause of a sudden surge of Ether (ETH) active addresses, which have eclipsed the previous all-time high (ATH) by a whopping 48% On Wednesday, the analytics firm tweeted...Continue Reading

Danny Talwar from crypto tax platform Koinly said Japan’s regulatory environment makes it difficult for businesses and individual investors to hold digital assets in Japan. Japan’s leading crypto lobby groups plan to submit a proposal to Japan’s financial regulatory body to address its high crypto taxes, which experts warn make Japan less competitive as a...Continue Reading

Almost half of the buyers of Hirst’s The Currency collection wanted to keep the NFT version. The United Kingdom’s reportedly richest living artist, Damien Hirst is set to burn thousands of his paintings as part of a year-long nonfungible token (NFT) project called The Currency. Starting in September, visitors to Hirst’s private London museum will be able...Continue Reading

The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets. Crypto markets have been pumping since the announcement of a 75 basis point interest rate hike in the United States, with experts explaining that the markets may have been initially bracing for much...Continue Reading

“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg. Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology, which he calls a “massive opportunity. During Meta’s Q2 earnings call on...Continue Reading