UK Passes Bill Formally Recognizing Crypto as a New Category of Property

Horeb Energy, in collaboration with Veolia, has successfully reduced electricity costs for Bitcoin mining to 2.5 cents per kWh by utilizing biogas from landfills in Norte de Santander, Colombia, which is significantly lower than the North American average.

The UK has officially passed a law recognizing cryptocurrencies as property, marking a significant legal milestone for the crypto industry. This legislation, which has received royal assent, clarifies the status of digital assets and is expected to foster a more secure environment for crypto transactions and investments.

The UK has passed a significant bill that clarifies property laws for cryptocurrencies, granting them a clearer legal status. This legislation has received royal assent, marking a pivotal moment for the crypto industry in the UK as it seeks to establish a more defined regulatory framework.

Bitcoin equities experienced a notable rebound, with MicroStrategy (MSTR) stock surging 8.66% to $186.26 on high trading volume, indicating a positive shift in the cryptocurrency sector. This rise follows a period of significant volatility in Bitcoin prices, which had recently dipped below $90,000 before recovering.

American Bitcoin stock ($ABTC) has experienced a significant decline, dropping over 50% amid ongoing volatility in the cryptocurrency market, which has also affected ventures linked to former President Trump. This downturn reflects a broader trend of instability within the crypto sector, as Bitcoin's price has fluctuated dramatically in recent weeks.

Bitcoin's price has surged above $91,000, reflecting a significant recovery as Wall Street ramps up its Bitcoin buying plans, driven by renewed interest from major financial institutions. This upward movement follows a recent dip to $80,000, marking a notable rebound in the cryptocurrency market.

Bank of America has authorized its 15,000 advisers to recommend a cryptocurrency allocation of 1% to 4% for wealth clients, marking a significant shift in Wall Street's approach to Bitcoin and digital assets. This decision reflects a growing acceptance of cryptocurrencies among traditional financial institutions.

The UK government is reportedly considering a ban on cryptocurrency donations to political parties, particularly as Reform UK gains popularity in the polls. This potential ban raises significant concerns regarding funding transparency and the risk of foreign influence in political financing.