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In a significant development for the digital asset landscape, the UK government has introduced “The Property (Digital Assets etc.) Bill”. This legislation moves to explicitly classify digital assets, such as Bitcoin and non-fungible tokens (NFTs), as personal property. This classification not only seeks to provide clarity for asset holders but also aims to foster growth
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In a decisive move highlighting the increasing scrutiny of the cryptocurrency industry, eToro has announced significant changes to its trading offerings. Following a settlement with the U.S. Securities and Exchange Commission (SEC) involving a financial agreement of $1.5 million, the platform is set to restrict its crypto trading options. This decision comes after it was
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The Digital Chamber (TDC) has urged Congress to pass legislation that would designate certain non-fungible tokens (NFTs) as consumer goods and exempt them from federal securities laws. This call for action comes in response to the Securities and Exchange Commission’s (SEC) recent enforcement actions, including a Wells notice issued to NFT marketplace OpenSea. TDC argues
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The ApeCoin ecosystem has recently unveiled a comprehensive Blueprint geared towards guiding its future development. This Blueprint places a strong emphasis on the blockchain layer that underpins the ecosystem, known as ApeChain. The primary focus of ApeChain is to cater to the needs of both developers and users within the ecosystem. By enhancing the discovery
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The Nigerian Securities and Exchange Commission (SEC) has recently granted two local crypto exchanges, Busha Digital Limited and Quidax, “Approval-in-Principle” to commence operations under the Accelerated Regulatory Incubation Program (ARIP). These approvals are part of the SEC’s efforts to promote innovation while ensuring investor protection within the digital asset space. The ARIP was designed to
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Maker, one of the pioneering DeFi lending platforms on Ethereum, has recently undergone a rebranding to “Sky” alongside significant upgrades to its decentralized stablecoin ecosystem. This rebranding includes renaming its stablecoin from DAI to USDS and its governance token from MKR to SKY. Additionally, users can now access the upgraded SKY token by supplying USDS
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