More than 6,000 applications for NFT and blockchain trademarks this ye…
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More than 6,000 applications for NFT and blockchain trademarks this year...Three times more than last year ↑
According to data released on the 5th (local time) by Michael Kondoudis, a patent attorney specializing in metaverse and NFT trademarks, the number of NFT blockchain-related trademark applications in the United States reached 6,366 from January 1 to September 30. This figure exceeds 2,142 cases last year. By month, March had the largest number of cases with 1,080, April had 895 and February and May had 788 and 757, respectively. In response, Haun Venture, CEO of Katie Haun's cryptocurrency fund, said, "The market has frozen since the second quarter of this year as interest in NFT has decreased, but the NFT market will make profits in the long run."
Terra Kwon Do-hyung's passport automatically invalidates in two weeks...Ministry of Foreign Affairs disclosure
According to Newsis, the Ministry of Foreign Affairs announced on its website on the 5th that Kwon Do-hyung, CEO of Terraform Labs, a key figure in the domestic virtual currency Terra and Luna plunge, could not be delivered. With the prosecution trying to secure Kwon's whereabouts, Kwon's ruling party is about to lose its effect. Earlier on the 15th of last month, the Seoul Southern District Prosecutors' Office's Financial Securities Crime Unit (Dan Sung-han) asked the Ministry of Foreign Affairs to nullify the ruling party for five people, including CEO Kwon and an employee of Terraform Labs. Under the passport law, the foreign minister can order a person staying abroad to return his passport when an arrest warrant or arrest warrant is issued. At this time, a notice of the passport return order will be sent twice to the domestic address reported at the time of the passport application, and if the notice is not delivered, it will be posted on the Ministry of Foreign Affairs' website. If the passport is not returned to overseas missions within 14 days from the date of public announcement, the passport currently in use will automatically be invalidated (administrative invalidation measures). In the case of CEO Kwon, the ruling party is expected to be invalidated after the 19th.
WeMade Signs 'Gold Club' Onboarding Contract
According to Pinpoint News, WEMIX announced that it has signed an on-boarding contract with Odery Gaming for the 'Gold Club' WeMix platform. Gold Club, which will be onboard this time, is a P&E (Play and Ear) social casino game where you can enjoy mini games. Coinnis previously reported that WeMade signed an on-boarding contract with WeMade Connect for the "Abyssium Gold" WeMix platform.
Former SEC lawyer says Token Project avoids risk of 'securities classification' with complete decentralization
Former U.S. Securities and Exchange Commission (SEC) lawyer Teresa Goody Guilén recently said in an interview with cryptocurrency media Decrypt, "Cryptocurrency projects can release fully functional and decentralized tokens to avoid the risk of 'securities classification' by regulators. It is important to design projects that are not regulated by focusing on compliance from the beginning," he said. In this regard, he said, "Most cryptocurrency developers do not know about this in detail because they do not receive instructions or advice from regulators before creating a network." However, when cryptocurrencies are released, regulators find that they can classify them as securities. It is much easier to respond to regulations to start from scratch. Clearly, launching tokens, not securities, is easier than responding to sudden regulatory changes. Currently, regulations related to cryptocurrency are more confusing than insufficient. "The industry is trying to follow the regulations of regulators, but it is in trouble because there is no clarity," he explained.
FTX Founder "Cryptocurrency Market, Macro Impact is Large...The dollar is moving the other way around."
In an interview with Laura Shin, a journalist specializing in blockchain and cryptocurrency, FTX founder Sam Bankman said, "The cryptocurrency market is influenced by macro forces. What is currently driving the market is the change in interest rates. The strength and weakness of the legal currency are divided according to changes in interest rates. "If the dollar strengthens, the U.S. stock market will weaken, and Bitcoin will also weaken," he said. In this regard, he said, "The cryptocurrency market has been recovering stability since the Terra-Luna incident and the bankruptcy of Three Arrow Capital (3ac). "I think the cryptocurrency market will be able to change its trend if regulatory clarity is secured in the United States," he added.
Yuga Labs establishes a seven-member club community council with BAYC holders.
Yuga Labs, the parent company of the famous NFT project BAYC, announced on its official blog that it has established a community council of seven BAYC NFT holders. The council plans to collect and manage community feedback and focus on leading charitable activities. Yuga Labs added, "We hope that the committee will be operated and maintained autonomously."
Customized service to EDXM, a cryptocurrency exchange co-founded by Paxos and Charles Schwab.
According to BusinessWire, blockchain infrastructure platform Paxos announced that it will provide customized services to the cryptocurrency exchange EDX Market (EDXM). EDXM is a cryptocurrency exchange co-founded by global financial conglomerates such as Charles Schwab, Citadel Securities, Fidelity Digital Assets under Fidelity Investment, Paradigm, and Sequoia Capital.
U.S. Rep. asks Justice Department to comment on CBDC
According to Doublock, a number of members of the U.S. House Financial Services Committee sent letters to Justice Minister Merrick Garland and asked for opinions on the need for legislation related to CBDC issuance. This was carried out while the Biden administration released a cryptocurrency report and the Fed was considering issuing CBDC, and lawmakers asked for the Justice Department's opinion on the CBDC bill by October 15.
Global record label Warner Music Announces Employment of Metaverse Experts
According to CoinDesk, Warner Music Group of the United States, a global record company, posted a recruitment announcement for metaverse experts to expand its Web3 strategy. Warner Music plans to hire related experts to enhance its music entertainment experience in the metaverse and game industries, explaining that the metaverse project will focus on integrating immersive experiences and strategic content.
