Fidelity Files Metaverse Trademark Requests, Defrosts Finances to Reimburse Users After Hack, Argo Blockchain Suspends Nasdaq Trading

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US asset manager Fidelity has filed three trademark applications in the US to provide services in the metaverse and other virtual worlds. They also mention non-fungible tokens (NFTs), NFT markets, virtual real estate investing, crypto trading, and metaverse investing services. Security NewsDecentralized Finance Protocol Defrost Finance, which was hacked on Dec. 23, said that as all V1 hacked funds have been returned, the team will “soon begin the process of returning these assets to the rightful owners before the attack”. In the following days, a redemption smart contract will be rolled out and owners will be able to reclaim their stablecoin assets. traded on the Nasdaq. Global Select Market as the London Stock Exchange is closed for trading on December 27. The company expects trading on the Nasdaq to resume on Dec. 28, the press release said. facilitate the holding or cashing out of cryptocurrencies to various products, including neobanks, marketplace, web3 applications, and decentralized finance (DeFi) projects. “The company’s new fiat-to-crypto or crypto-to-fiat can be integrated with any crypto or fintech product so users can easily buy and sell crypto,” a press release said. Regulatory NewsThe Securities and Exchanges Commission (SEC) of the Philippines has issued a public advisory against the use of unregistered crypto exchanges operating in the country. Although he didn’t mention FTX by name, he said that “given the recent collapse of a major international cryptocurrency exchange, the [SEC] strongly cautions and discourages the public from transacting with unregistered and unlicensed cryptocurrency exchanges accessible and reputable to operate in the Philippines. The collapse left hundreds of thousands, if not millions, of unsecured creditors with little or no recourse to recover their money. over the forecast period (2022-2028), said a report from ResearchAndMarkets.com. The Brazilian market topped the LAMEA Web3 blockchain market by country in 2021 and would continue to be a dominant market until 2028, reaching a market value of $206.3 million by 2028. The Argentinian market displays a CAGR of 42.9% in 2022-2028. , while the UAE market would register a CAGR of 41.7% during this period. of the current market downturn, claiming that 40% of members (12 out of 30) would leave the core team through the “voluntary departure program”. The remaining team members will take a 20% pay cut and the team token incentive will be suspended indefinitely.Crypto exchange Crypto.com has announced the promotion of Eric Anziani to the position of president, in addition to maintaining his current role as Chief Operating Officer (COO). In his expanded role, Anziani, who joined the company in 2018, will oversee operations (including customer experience, onboarding and global payments), and he will continue to lead strategy, product, sales, international expansion, data, research and blockchain. integration, he added.

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