Day: February 28, 2023

Car makers, fashion giants and pet food brands seek Web3 trademarks as 2023 rolls on

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Despite a broader downturn in related markets, multinational corporations don’t appear to have slowed down on their trademark applications covering Web3, crypto, nonfungible tokens (NFTs), and the Metaverse. The month of February — now drawing to a close — saw the likes of General Motors and Lacoste, and Walmart making their territory with Web3-related trademark applications. January was an even busier month.  One of the latest NFT-related filings involved automotive giant General Motors, which filed for two new trademark applications on Feb. 16 covering its Chevrolet and Cadillac brands. According to the filing,…

G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor – Regulation Bitcoin News

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The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over the weekend. G20 Agrees Crypto Poses Major Risks to Financial Stability, Says RBI Governor Reserve Bank of India (RBI) Governor Shaktikanta Das talked about cryptocurrency during a media briefing Saturday following the G20 meeting of finance ministers and central bank governors in Bengaluru. According to India’s state-owned media agency…

Yuga Labs jumps on Ordinals hype, Dookey Dash key sells for 1,000 ETH and more…

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Bored Ape Yacht Club (BAYC) creators Yuga Labs has announced a new NFT collection on Bitcoin dubbed “TwelveFold.” The move was announced via Twitter on Feb. 28, with Yuga Labs unveiling 300 tokenized computer generated artworks as part of the TwelveFold collection that will go up for auction later this week. Introducing TwelveFold. A limited edition collection of 300 generative pieces, inscribed on satoshis on the Bitcoin blockchain.https://t.co/aFWEIhzqcI pic.twitter.com/PjWABKKBr4 — Yuga Labs (@yugalabs) February 27, 2023 In an accompanying blog post, Yuga Labs explained the concept behind the collection is…

BITCOIN FINALLY DUMPS! (Where is Support??)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today, we will do some live TA and look at the Bitcoin price, altcoin prices, and the biggest news of the day in crypto. Become a … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Americans ‘frustrated’ by financial system inequality, 20% own crypto: Survey

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A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed. Commissioned by crypto exchange Coinbase, the February online survey of more than 2,000 American adults found that 80% of respondents said the “global financial system unfairly favors powerful interests,” while 67% have called for “major changes” or a “complete overhaul” of the financial system. A large portion of respondents are disillusioned with the Global Financial System and want change. Source: Morning Consult  The survey…

Bitcoin BTC Price Stays Rooted Near $23.5K

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The largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 base point rate increase instead of 25 bps. Original

Crypto Broker Voyager Digital Sells $121M of Cryptocurrencies, May Foreshadow Selling Pressure for ETH, SHIB, LINK

Arkham data shows that Voyager’s largest non-stablecoin crypto holdings are 166,223 of ETH worth $271 million, 6.2 trillion of SHIB tokens worth $77 million, and 148.4 million of its own VGX token, valued at some $63 million. Further notable holdings include some $13 million of LINK, $5.5 million of Fantom’s FTM and $5 million of Bored Ape’s APE token. Source

SEC Chairman Explains Why He Views All Crypto Tokens Other Than Bitcoin as Securities – Regulation Bitcoin News

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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all crypto tokens other than bitcoin as securities. While acknowledging that crypto tokens may have different setups, he stressed that “at the core, these tokens are securities.” SEC Chair Believes All Crypto Tokens Other Than Bitcoin Are Securities The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explained why he believes all crypto tokens other than bitcoin are securities in an interview published Thursday by New York Magazine’s Intelligencer. Gensler believes that the…