🛡 The UK government has taken a significant step towards clarifying the legal status of digital assets by introducing a new bill to Parliament. This legislation aims to establish a novel category of personal property called "thing", which will encompass cryptocurrencies, NFTs, and tokenized real-world assets. This move is set to provide much-needed clarity for the legal profession in determining ownership during disputes and offer enhanced protection to crypto owners affected by fraud and scams.

🔴 The bill's introduction marks a pivotal moment in the UK's approach to digital assets, complementing existing property categories of "things in possession" and "things in action". By recognizing certain digital assets as personal property, the legislation paves the way for a more structured legal framework in the rapidly evolving crypto landscape.
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My analysis on Dog
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Elon Musk says X will launch payment services by mid-2024

Speaking to ARK Invest's Cathie Wood in a Dec. 21 X space, Musk said he expects payment services to be fully launched sometime by the "middle of next year," pending the approval of several money transmitter license applications.

Crypto enthusiasts speculate that DOGE and BTC will be the native tokens to Χ.

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AI forecasts Dogecoin price for the end of 2023
Nevertheless, the AI forecasts a trending reversal for next year, seeing DOGE’s price at $0.150189 by January 31, 2024. Representing gains of around 150% from the end of 2023’s forecast.
Dogecoin price analysis
At the time of publication, DOGE is changing hands for $0.06198, with discrete gains of 0.52% intraday. Additionally, the 24-hour exchange volume is close to $100 million, accounting for around 1.15% of Dogecoin’s market cap — representing a historically low volume for the cryptocurrency.
Notably, the Dogecoin price went through a high-volatile week, now recovering from meaningful losses, trading as low as $0.06089 per DOGE on September 26. This volatility offered interesting trading opportunities for day traders and swing traders amid the reported low liquidity moment the market is going through.
All things considered, the AI’s forecast can not be considered in a vacuum. The ability of Dogecoin’s price to meet the above prediction will deeply depend on further developments, news, and macroeconomics that are yet to come.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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Airdrop extension from 21st to 23rd of August
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