Bitcoin Back at $64K, Russian Court Ruling, ESMA Crackdown in Weekly Digest
ForkLog's weekly roundup highlights Bitcoin's return to $64,000, a Russian Supreme Court decision recognizing crypto as property subject to theft, an ESMA order for non-MiCA platforms to leave the EU, and Ethereum funding concerns.
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The past week saw several notable developments in the crypto space, as summarized in the latest ForkLog Sunday digest:
- Bitcoin rebounded to the $64,000 level, regaining ground after recent volatility.
- Russia's Supreme Court ruled that cryptocurrency qualifies as property and can be the subject of theft, a significant legal clarification.
- An Ethereum developer warned of a potential funding crisis for the network, raising concerns about long-term sustainability.
- ESMA, the EU securities regulator, demanded that crypto platforms operating without a MiCA license leave the European Union, tightening regulatory oversight.
- A proposal emerged on Ethereum for post-quantum account security costing just $0.07 per transaction, aiming to future-proof the network.
Source: ForkLog