On the eve of the Las Vegas Grand Prix, Liberty Media filed an application with the US Patent Office for the acquisition of trademarks based on collectible tokens. U.S. Patent and Trademark Office Licensed Trademark Attorney Mike Kondoudis revealed that the Formula 1 racing series owner has applied for two NFT and cryptocurrency-related trademarks for the Las Vegas Grand Prix, scheduled for November 2023. According to Kondudis, Formula 1 intends to offer virtual merchandise, including

The head of the Avalanche platform believes that despite the fall in the cryptocurrency market due to the correlation with stock assets, crypto investors expect “cosmic profits”. Avalanche (AVAX) CEO John Wu said in an interview that large investors continue to look at the cryptocurrency market. We are talking about institutional investors who own stablecoins. Wu added that the fundamentals of the crypto industry are solidifying despite the sharp decline in market capitalization last year.

The Governor of the Bank of Finland, Olli Rehn, believes that the digital euro, along with the use of private financial technologies, can facilitate cross-border payments in Europe. Speaking at the University of California, the governor of the Central Bank of Finland, Olli Rehn, spoke out in favor of state digital currencies. In his opinion, privately developed cryptocurrencies are very unstable due to the lack of pegging to fiat currencies or precious metals. As for

The metro operator of the Chinese city of Ningbo in the northeastern Chinese province of Zhejiang, as part of the popularization of the state digital currency, offered passengers a bonus for paying for a trip in e-CNY. Ningbo Rail Transit said all 125 stations operated by the operator will accept the digital yuan as payment for transportation services. The company announced that 9.5 million citizens and visitors can now pay for metro services through the

The chairman of the Australian Securities and Investment Commission called cryptocurrencies extremely volatile assets with a high level of risk. Following a recent statement from the Australian Department of the Treasury about strengthening oversight of cryptocurrencies, the head of ASIC, Joseph Longo, noted that one of the key tasks of the regulator is to warn the public about the risks associated with crypto assets. According to him, the popularity of cryptocurrencies among young people has

Investment firm Galaxy Digital, after reviewing metaverse policies in the market, said that no company creating virtual worlds guarantees the protection of game property rights. Galaxy Digital posted a report expressing concern that the metaverse could not become truly decentralized unless action was taken to protect users’ digital property rights. The authors of the report noted that if digital property in the metaverse were owned by companies and not by users, then it would be

Amid the global crackdown on PoW cryptocurrency mining, the U.S. House of Representatives Committee on Energy and Commerce is looking into the energy and climate impacts of four major mining companies. As part of its oversight of the environmental and energy impact of blockchain, the agency sent letters to mining companies Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining. The committee is asking what actions companies are taking to mitigate the environmental

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The Australian network of gas stations and roadside stores On The Run announced the launch of support for cryptocurrency payments at all 175 points of the network. Initially , it was assumed that support for cryptocurrencies would be added in July, but the implementation of the project was a bit delayed. However, as Karl Mohan, the manager of the Crypto.com exchange for the Asia-Pacific region, emphasized, it took only 8 weeks to test and fully

The European Green Party has submitted its amendments to the legislation, which increase the capital requirements for banks using cryptocurrencies. European Union (EU) Green Party MP Ville Niinistö has proposed amendments to the Financial Services Act that would restrict European banks using cryptocurrencies. The document states that crypto assets that are considered excessively volatile or risky and fall under class 2 will be rated as “cautious” as possible. This essentially means that they will not