Russia is preparing to launch trials for cryptocurrency exch | The Crypto Basic a Binance Square-en

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The Crypto Basic

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Russia is preparing to launch trials for cryptocurrency exchanges and cross-border digital transactions, a move aimed at easing the payment challenges caused by widespread international sanctions.  

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An English high court made history by becoming the first court in the UK to classify a cryptocurrency as a property at full trial. Crypto’s status as a property has been confirmed in a recent ruling in the English High Court. On Thursday, the presiding judge, Richard Farnhill, ruled that Tether’s stablecoin USDT could be classified as a property in a fraud case. Judge Farnhill stated that USDT attracted property rights under English law because it possesses certain property characteristics, which include traceability and usage as a trust property. It is worth noting that this was the first-ever ruling in the United Kingdom in which cryptocurrencies were classified as property at full trial. #Crypto #CryptoNews” #CryptoNewssCommunity

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Business intelligence firm MicroStrategy, renowned for its Bitcoin holdings, has once again expanded its cryptocurrency portfolio by purchasing an additional 18,300 BTC tokens. MicroStrategy Chairman Michael Saylor disclosed the latest acquisition in a post on X a few hours ago. As highlighted in the associated SEC filing, the acquisition took place between August 6 and September 12. Buying at an average price of $60,408 per BTC, MicroStrategy injected fresh capital of $1.11 billion into the Bitcoin market. This move comes just weeks after the firm disclosed its intention to raise $2 billion from its shares, part of which would go toward Bitcoin purchases. #bitcoin☀️ #crypto #CryptoNewsUSA #CryptoNewsDaddy #CryptoNews🚀🔥"

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Coinbase and Ripple CLOs Paul Grewal and Stuart Alderoty took a dig at the US SEC on Friday over the latest move to amend its lawsuit against Binance. The Chief Legal Officer of leading crypto exchange Coinbase has taken another swipe at the US Securities and Exchange Commission (SEC). In a Thursday post, Paul Grewal asserted that the top regulator had no structure or standardized guidelines for law enforcement. The Coinbase CLO, a sworn antagonist to the SEC’s incessant clampdown on the crypto exchange, insinuated that the securities watchdog had shown a lack of reverence for the law. This, he noted, was evident in the SEC’s settlement with Isreali-based crypto exchange eToro. #CoinbaseFeature #Crypto #CryptoNews” #CryptoNewssCommunity

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