A landmark move for UK’s crypto scene unfolds, as the Law Commission launches a consultation on draft legislation specifically recognizing cryptocurrencies as property. This follows their June 2023 report outlining the need for a distinct legal framework for digital assets. This public consultation signals a potential turning point, offering greater clarity and security for crypto holders and fostering future innovation within the industry.
The question of whether $50,000 is a favorable price point to buy Bitcoin is a topic of much debate among investors and analysts. Some argue that purchasing Bitcoin at $50,000 presents a favorable opportunity, considering its long-term growth potential and historical price trends. Others caution that market volatility and uncertain regulatory landscapes could impact short-term price movements, suggesting a cautious approach to investment decisions. Ultimately, individual investors should conduct thorough research and consider their own risk tolerance before making any investment decisions in Bitcoin or any other cryptocurrency.
Tom Lee, a prominent figure at Fundstrat Global Advisors, has made a bold prediction regarding Bitcoin’s price trajectory, suggesting that the leading cryptocurrency could surge to $150,000 by the end of 2024. Lee’s optimistic forecast underscores growing confidence in Bitcoin’s long-term potential and its ability to attract significant investment interest despite market volatility.
The WuBlockchain team has identified several major blockchain projects planning airdrops in 2024, including zkSync, LayerZero, Magic Eden, EigenLayer, Berachain, Taiko, Blast, Aevo, Puffer Finance, EtherFi, Backpack, and Friendtech. These initiatives span various areas of blockchain technology, from Layer 2 scaling solutions to decentralized finance (DeFi) and interoperability projects.
Former Google employee Alex Cohen was abruptly terminated from the company amidst a controversy surrounding algorithmic biases. Cohen, who was responsible for refining algorithms for Gemini, faced backlash after allegations of bias surfaced on social media platforms. His dismissal followed a series of complaints regarding the algorithm’s perceived lack of inclusivity and fairness.
Today, a transfer of 273 million MATIC tokens, valued at approximately US$253 million, took place from the Matic vesting contract to the Matic Foundation address. This transfer marks the completion of Matic’s token unlock process, signifying that MATIC has now entered full circulation. This milestone holds considerable implications for the Matic ecosystem and its stakeholders, signaling the end of scheduled token releases and providing clarity on the total token supply available for trading and utilization within the network.
Uniswap Labs has unveiled a game-changing update, bidding farewell to 0x addresses and ushering in 𝙪𝙣𝙞.𝙚𝙩 – a unique web3 username. This transition simplifies crypto transactions and fosters web3 profile building, enhancing user experience and accessibility in the decentralized ecosystem.
Nigeria’s recent crackdown on leading cryptocurrency exchanges, including Binance, OctaFX, and Coinbase, has ignited controversy and raised concerns about the accessibility of digital assets in the country. Despite regulatory challenges, stakeholders emphasize the need for transparent dialogue to navigate the evolving regulatory landscape.
Phase 2 of The Clash of Claims is reaching its final stage, with 1,400 claims remaining for participants to secure their share of ARCD tokens. As the claiming process progresses, individuals are encouraged to act swiftly to access the designated website and claim their allocation before Phase 2 concludes.
Lookonchain’s latest report reveals that potential airdrop participants received a total of 1,432,800 STRK tokens, equivalent to roughly $3 million. These tokens were distributed across 1,361 wallets. Notably, after receiving the airdrop, all 1,361 wallets transferred their tokens to the address 0x027c…719078.