Law Commission Suggests New Property Category for Crypto Assets
In its final report on digital assets, the Law Commission of England and Wales encouraged the government to classify all crypto assets as a new form of personal property. The Law Commission is an independent entity predominantly responsible for reviewing and recommending law reforms in England and Wales. It issued a supplemental report on July […]
AI-powered Necklace: Your ‘Friend’ in Need
The new AI-powered necklace designed by Avi Schiffmann helps combat loneliness, and it aspires to be a companion and friend in need. Upon its introduction on July 31, the “Friend” device has garnered various responses from the public. The puck-shaped device, connected to a phone via Bluetooth, continuously listens to its user and can be […]
SBI Holdings, Franklin Templeton Partner to Enter BTC ETF Market
SBI Holdings is launching an investment management company in partnership with Franklin Templeton to enter the Bitcoin ETF market. In anticipation of its entry into the Bitcoin ETF market, SBI Holdings, a major Japanese banking institution, announced on Thursday that it will collaborate with Franklin Templeton, a US investment management company, to establish an investment […]
Fintech Company Revolut Secures UK Banking License
After a three-year regulatory approval process, Revolut, a London-based fintech company, has successfully obtained a banking license in the United Kingdom. On July 25, the company proclaimed a significant milestone representing a critical juncture in its efforts to fortify and consolidate its position in its domestic market. UK Market Entry The Prudential Regulation Authority of […]
Spot Ether ETFs See $113M Outflows on Second Day of Launch
On their second trading day, Grayscale’s Ethereum Trust was the primary cause of the $113.3 million net outflows experienced by US-based spot Ether exchange-traded funds (ETFs). On the second day of trading, seven of the eight “newborn” spot Ether ETFs experienced net inflows. The Bitwise Ethereum ETF (BITW) and the Fidelity Ethereum Fund (FETH) were […]