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Chinese court invalidates 2019 car sale made using now worthless crypto token
Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on a car sale in May 2019 made using digital currency. At the time, the buyer, identified only as Mr.…
HM Treasury changes course on collecting data around unhosted crypto wallets
The government of the United Kingdom said it intends to modify a proposal that would have required crypto firms to collect personal data from individuals holding unhosted wallets that were the recipients of digital asset transfers.
In its…
Investors lost over $7 billion as Bitcoin crashed: Glassnode
Realized loss for Bitcoin investors hit a historic $7.3 billion over just three days last week, according to data from analytics firm Glassnode.
Per the firm’s data, investors reeling from sustained sell-off pressure exited positions they…