The New York Stock Exchange submitted a registration and patent application to the USPTO to patent the use of its “NYSE” trademark in the Metaverse. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Metaverse
📍NYSE registers its trademark to trade NFTs in the Metaverse. The New York Stock Exchange, NYSE (New York Stock Exchange), the largest in the world, is registering its trademark with the United States Patent and Trademark Office (USPTO) for use in the Metaverse. According to the registration and patent application, the stock exchange wants to use “NYSE” for the minting of NFT, creating digital products and services and much more within the virtual world. Michael Kondoudis, a trademark attorney, announced the request sent by the New York Stock Exchange through his Twitter account.
The NYSE trademark application comes at a time of heightened interest in NFTs and the Metaverse. Recently, companies such as McDonald's, Panera Bread, Victoria's Secret, and Disney have registered their trademarks to get closer to the virtual world.
Bitcoin and Blockchain Adoption
📍YouTube is posting a job opening for a Web3 Product Management Director. The video and streaming platform YouTube is hiring to an expert in cryptocurrencies, , NFT and blockchain, to boost its entry into the Metaverse and Web3.
Recently, two YouTube executives, Susan Wojcicki, CEO of the platform and Neal Mohan, its director of products, revealed YouTube's interest in entering the world of NFTs and the Metaverse this year, to connect its creators and viewers to Web3 and provide new development and monetization opportunities. Now, the job offer published on LinkedIn indicates that the platform wants to build a team of experts to lead its new objectives. YouTube's Web3 product management director will be in charge of developing strategies and defining the roadmap for the platform to integrate new emerging technologies.
Cryptocurrencies and altcoins
📍Bitcoin, the world’s first successful cryptocurrency, could fit into John Nash’s “ideal money” theory. The magazine Bitcoin Magazine published a opinion piece explaining how Bitcoin, the world's first successful cryptocurrency, can fit with the concept and theory of “ideal money” developed by mathematician John Nash in the 90s and formally presented in the publication Southern Economic Journal in 2002.
For Nash, the ideal money would be one that is “intrinsically not subject to inflation,” capable of maintaining its value and not depreciating over time. Although many well-known experts in the crypto industry, such as Adam Back and Paul Storcz, they disagree With Bitcoin approaching Nash theory, the magazine Bitcoin Magazine He points out that cryptocurrency, despite having a volatile value and a deflationary tendency (not 0% inflation), has certain parallels with the famous mathematician's theory.
John Nash was the winner of the Nobel Prize in Economics in 1994, the Abel Prize in 2015, the year he died, and the John von Neumann Theory Prize in 1978.
DeFi and NFT
📍Vesta Equity, the new real estate-backed NFT platform on Algorand. According to The Block, Vesta Equity is the first P2P marketplace platform for real estate-backed NFTs, where users and real estate owners will be able to fractionalize and tokenize part of their properties as non-fungible tokens. The NFT platform, built on the blockchain, Algorand, will allow property owners to access liquidity without having to sell their properties, while investors and NFT holders will be able to benefit from the appreciation in value of real estate, similar to a security.
Firstly, “Investors can participate by purchasing the future appreciation of the property and create a portfolio of real estate assets as they do with stocks”, Vesta Equity CEO Michael Carpentier noted. However, Carpentier also argued that the model he is developing through his new platform could evolve in the future and adapt to new use cases and utility.
As reported by this outlet, blockchain technology and NFTs are taking the real estate industry by storm. Recently, the United States sold its first real home, located in Florida, as an NFT on the Ethereum blockchain, although in this case, the transaction was not a fractional NFT.
📍Hyperspace, formerly Solanalysis, raises $4,5 million to expand its capabilities and add new tools. The data and price monitoring site for Solana NFT collections, Solanalysis has changed its name to Hyperspace, its new brand through which it has raised $4,5 million in a capital round led by Dragonfly and Pantera Capital.
The money raised from the round will be used to expand its features and build new services and tools, said co-founder Kamil Mafoud. Hyperspace is also launching an NFT marketplace aggregator, currently available in beta, that will make it easier for users to access and purchase NFTs from any marketplace built on the Solana network.
Cybersecurity
📍Spain's National Securities Market Commission warns of a phishing attack. Investors are being targeted by a phishing attack using the CNMV's name to scam unsuspecting people, the regulator warned recently. According to the release issued by the Spanish Securities Commission, an unknown group has been contacting investors by phone, impersonating the regulator, to offer a fake auction of confiscated bitcoins.
The CNMV reminds investors that it does not, under any circumstances, offer investments of any kind or request personal data or any other type of information through telephone calls.
📍Beware of fake Chivo Wallet promotions on social media. The government of El Salvador is warning Chivo Wallet users and the entire Salvadoran population about a scam through social networks. According to the release, a false promotion is circulating related to the delivery of a $50 bonus, in exchange for answering questions in a survey linked to the use of the Chivo Wallet application.
Nayik Bukele, president of El Salvador, denied this promotion, informing citizens that the company that develops the wallet is not requesting personal information or access data to the application through social networks or other means. Bukele called on Salvadorans not to fall for this scam in order to protect their personal data, which may end up linked to financial crimes.
Rules and Regulations
📍In Belarus, President Alexander Lukashenko gives the green light to cryptocurrencies. El Decree No. 48 of February 14, 2022 has given the green light to the free circulation of cryptocurrencies in Belarus. The administration of the current government of Alexander Lukashenko has said that Belarus is developing a legal and regulatory environment for the crypto industry that will allow it to grow and develop in a safe, healthy and responsible manner.
To minimize the risks of financial crimes now that cryptocurrencies, such as Bitcoin, are freely circulated in the country, Belarus will create a registry of digital wallet addresses to keep track of all addresses involved in illegal activities, it said in the decree.
📍The Canadian government declares a state of emergency and announces a crackdown on demonstrators protesting mandatory Covid vaccines. Canadian Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland threatened protesters with closing their bank accounts without a court order, monitoring their cryptocurrency transactions, imposing fines and suspending their vehicle insurance, among other actions, as a measure to control the anti-vaccine and anti-Covid restrictions demonstrations that have paralyzed the country for several weeks. The Canadian government has invoked the Emergency Act of 19988 for the first time in the country, although the premiers of the provinces of Quebec, Manitoba, Alberta and Saskatchewan are against this action.
Protests in Canada began when a group of truck drivers refused to get the Covid vaccine, which is mandatory to cross the border with the United States. The protesters have been receiving funds in fiat and cryptocurrencies. Fiat accounts on platforms such as GoFundMe where they raised $9 million were cancelled, while BTC addresses have accumulated more than $1 million in funds donated by the crypto community.
Continue reading: Reservations for B3X, the token of the neobank Bnext, begin via Bit2Me Launchpad
