Meanwhile, the US markets have closed again. We look at the live Bitcoin (BTC) price and the prices of the top 25 crypto. Then we see how Americans claim crypto is racist, share an Ethereum (ETH) Merge update and see a bizarre application of NFTs.
We start with the live Bitcoin (BTC) price and the prices of the top 25 crypto.
Live Bitcoin (BTC) price and prices top 25 crypto rise
At the time of writing, the live Bitcoin (BTC) price is EUR 20,4361 ($20,485.52). This is 2.86% higher than during our crypto update yesterday.
In addition, we also see the prices of most of the top 25 crypto rising. Apart from some stable coins, we only see green numbers. The biggest increase is currently for Uniswap (UNI) with + 13.46%. On the site of Tradeincrypto.com you can analyze all live crypto prices.
This afternoon we already analyzed what the Bitcoin price rise means for the rest of the crypto market and which BTC prices are key. Therefore, tonight we focus on other notable crypto news.
Dark Americans claim crypto is racist
A study was published today in America showing that American citizens of color invest relatively more in crypto than white Americans. As a result, the crash also had a greater impact on the community of color than on the white community.
This leads to debate. Indeed, some claim there was a racist element. In this item from NBC News, proponents and opponents of this claim are discussed.
UK world first: start lawsuits via NFTs
The British judiciary has a world first. They allowed a law firm to legally deliver the legal papers used to start a lawsuit via an NFT airdrop into the wallet of an unknown person they want to sue.
The lawyers are bringing a case on behalf of their client against an unknown person (or persons) who they claim took a batch of crypto from their client on false grounds.
Thus, one has a wallet address but otherwise no idea who or what is behind it. Thus, the data to personally issue a summons (as normally required) is missing. In order to be able to litigate, they came up with the bright idea to use an NFT to deliver the papers with that NFT in person to the defendant in the form of an airdrop. This is what the judge agreed to. This is a world first and relevant for 3 reasons.
First, this creates a whole new category of application for NFTs that could give the market a push on the way to NFT 2.0.
So, secondly, it is now easier to produce against unknowns (which is often the case in the crypto world).
Point is, however, that a verdict favorable to the lawyer is of little practical use. After all, the then perpetrator is still unknown, as are his assets. This makes the collection of court-awarded damages practically impossible.
Are exchanges responsible for crypto scammers and their victims?
To prevent the defendant from quickly emptying the wallet before a trial, the law firm has also sued several crypto exchanges. One is demanding that the exchanges register the crypto traded through that wallet. They also want exchanges to pledge to return the registered crypto to the winning party after the claim is granted. In case exchanges refuse, he has sued them and held them liable for damages by being, in short, complicit if they do not take measures that prevent the defendant from booking his crypto away.
So with that, the case is also interesting because the ruling shines light on the question of the extent to which crypto exchanges are responsible for fraud by their customers.
Ethereum (ETH) reports successful launch of MEV shadow fork ahead of Merge rollout
The rollout of Ethereum (ETH) merge is still on track, according to reports from developers. In fact, today they implemented a shadow fork without any problems that provides applications for validators to earn more. Now that the implementation went off without a hitch, nothing seems to stand in the way of ETH Merge.
Investors could evidently appreciate this as the live Ethereum (ETH) price is up 6.96% from yesterday. Naturally, we are curious to see how this plays out.
Staying up to date with the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”