UK Court recognizes NFTs as ‘private property’ — What now?
At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme Court, has ruled that nonfungible tokens (NFT) represent “private property.” There is a caveat, though: In the court’s ruling, this private property status does not extend to the actual underlying content that NFT represents.
Terra (LUNA) trading volume surge 200% as market adjusts to death spiral
It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over the weekend.
Regulation Of The Crypto Space: Death Of Crypto Or Its Elixir Of Life
Cryptocurrency is certainly an invention of a lifetime. Many experts believe that crypto will prove to be a bigger invention than even the internet. Only time will tell if that’s true or not, but the potential of the crypto space is undoubtedly staggering.
Solana rebounds from $45 price region: Is the worst over?
Solana price analysis for May 15, 2022, comes on a bearish note for the SOL token as it has lost 3% of its value in the last 24 hours. Meanwhile, the bears remain in control of the price action and we can expect SOL to drop further if the buying volume doesn’t increase. In the last 24 hours, we have seen a price drop of more than 3% after SOL rebounded from the $46 price region and went on to break the $50 region. As noted in our SOL price analysis for May 14, 2022, it is imperative that SOL retains price action above $50.
Global Regulators Consider Launching a Joint Body to Coordinate Crypto Rules
Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, said a top executive of the International Organization of Securities Commissions (IOSCO).
NFT scams: How to avoid becoming a victim
When you’re an active NFT trader, you can’t avoid all the scams in the world of nonfungible tokens. The most common NFT scams are phishing, counterfeit NFTs and pump-and-dumps.