đBitcoin, US crypto stocks rise as more firms plan $BTC buysđ°
Crypto-tied US companies gained alongside Bitcoin on Monday, as public firms continued to scoop up the cryptocurrency.
The UK Insolvency Service has appointed its first crypto intelligence specialist to help recover crypto from bankruptcy and criminal cases.
Andrew Small, a former police investigator with a background in economic crime, will lead efforts to trace and reclaim crypto assets that havenât been accounted for in those proceedings, according to a June 9 statement from the Insolvency Service.
It comes as the number of crypto-related insolvency cases in the UK has risen by 420% over the last five years, while the estimated value of crypto assets identified in insolvency cases has increased 364 times to 523,580 British pounds ($709,500) over the same time frame.
 âThere has been a rapid rise in crypto ownership in the UK, and alongside that, weâve seen a similar rise in cryptoasset ownership in bankruptcy cases,â said Small, adding that crypto is âvery much a recoverable asset.â