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🌙 UK Introduces Bill To Give Cryptocurrency Legal Status

The UK has passed a new bill that will allow crypto and other digital assets to be recognised as personal property.

Author

Mike Gavela
September 11, 2024

Crypto Roundup - September 11

The United Kingdom has introduced a bill that could provide legal recognition for cryptocurrencies, signaling a significant step toward regulating digital assets. Meanwhile, activity on Base, Coinbase's layer-2 blockchain, has reached new heights, despite the conclusion of its Onchain Summer event, demonstrating strong user engagement and network growth. In the political sphere, a recent debate highlighted how little attention cryptocurrency receives from U.S. voters and politicians, reflecting the industry's low priority in mainstream discussions.

Top Stories

  • UK introduces bill to give cryptocurrency legal status, pushing regulatory clarity forward.

  • Base blockchain activity hits new record levels, even after Onchain Summer ends.

  • Crypto remains sidelined in political debates, showing limited voter and political interest.

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TOP STORIES

UK gov’t introduces bill to clarify crypto’s legal status

A bill introduced to the UK Parliament on Sept. 11 aims to have digital assets in their own legal property category.

cointelegraph.com/news/uk-bill-cryptocurrency-legal-status

Base Activity Soars To New Highs Despite Onchain Summer Wrapping Up - "The Defiant"

Base is hosting record daily users and transaction volume despite its Onchain Summer campaign wrapping up more than one week ago.

thedefiant.io/news/blockchains/base-activity-soars-to-new-highs-despite-onchain-summer-wrapping-up

The Harris-Trump Debate Showed How Little Crypto Matters to Voters and Politicians

Trump and Harris didn’t mention crypto once last night because, despite the industry’s pretensions to relevance, most people don’t care about these issues, says Ryan Gorman.

www.coindesk.com/opinion/2024/09/11/the-debate-showed-how-little-crypto-matters-to-voters-and-politicians

FUNDRAISING

Tokenized RWA Platform Huma Finance Gets $38M Investment, Plans Expansion to Solana and Stellar’s Soroban

Huma's payment-finance platform aims to address the liquidity needs of trade financing using blockchain technology for faster settlement.

www.coindesk.com/business/2024/09/11/tokenized-rwa-platform-huma-finance-gets-38m-investment-plans-expansion-to-solana-and-stellars-soroban

OTHER HEADLINES

Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase

Another technical indicator suggests even tougher times could be in the cards for the crypto market.

www.coindesk.com/markets/2024/09/11/bitcoin-decouples-from-gold-as-crypto-continues-in-bearish-phase

Coinbase Holds 11% of Bitcoin’s Total Supply – How Worried Should We Be? - "The Defiant"

The world’s fourth-largest centralized exchange also holds 11% of all staked ETH and is behind the second-largest Ethereum Layer 2.

thedefiant.io/news/cefi/coinbase-holds-11-of-bitcoin-s-total-supply-how-worried-should-we-be

CFTC announces partnerships to tackle crypto pig butchering scams

Pig butchering scams have increasingly replaced Ponzi schemes as criminals attempt to reap higher rewards from more targeted attacks.

www.theblock.co/post/315973/cftc-announces-partnerships-to-tackle-crypto-pig-butchering-scams

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