CryptoBlog n.2245
The UK Parliament introduced a new Property Bill to clarify crypto’s legal status. This new legislation would mean that, for the first time in British history, digital holdings, including cryptocurrency, NFTs, and carbon credits, can be considered personal property under the law.
CryptoBlog n.2244
🪙 Ether has underperformed bitcoin by 44% since switch to proof-of-stake: CryptoQuant Ether has underperformed bitcoin by as much as 44% since the Ethereum blockchain's 'merge' to proof-of-stake almost two years ago, according to analysts. "Next week will mark two years since Ethereum switched to a proof-of-stake network, an upgrade known as The Merge. Since then, Ethereum has underperformed bitcoin by 44%," CryptoQuant analysts said.
CryptoBlog n.2243
A U.S. federal judge dismissed a class-action lawsuit against Atomic Wallet, which had been filed following a $100m hack in 2023. The court found that it lacked jurisdiction over the Estonian-based firm and its CEO, Konstantin Gladyshev. The plaintiffs, who stored cryptocurrencies in Atomic Wallet, had argued that the company’s services were accessible in Colorado. However, the judge ruled that merely downloading an app or accessing customer support in the state wasn't sufficient to establish legal jurisdiction.
CryptoBlog n.2242
🖼 Lacoste accused of scam for closing the NFT project On Friday, Lacoste closed the social network of the NFT UNDW3 project and the community reacted by accusing the company of scam. Furthermore, a rugpull of 1,000 ETH is assumed. The market of NFT experienced a real boom in 2021, reaching its peak levels in January 2022. Since then, it has started to implode. Taking as a reference the then main marketplace, OpenSea, the monthly trades went from 5 billion in January 2022 to 300 million in December of the same year. Subsequently, in 2023 the monthly volumes dropped even below 100 million.