Application for PayPal, Metaverse, and NFT trademarks, etc.
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Application for PayPal, Metaverse and NFT trademarks
U.S. patent attorney Mike Kondoudis tweeted that U.S. online payment giant PayPal recently applied for NFT and metaverse trademarks related to corporate logos to the U.S. Patent Office (USPTO). The application items included downloadable software used in blockchain and cryptocurrency transactions, software for cryptocurrency management, and downloadable software used as cryptocurrency.
WeMade Q3 Operating Losses of 28 Billion…deficit conversion
According to the E-Daily, WeMade announced on the 26th that its consolidated operating loss in the third quarter was KRW 28 billion 36 million, turning into a deficit compared to the same period last year. During the same period, sales increased 71% to 108.291 billion won. Net loss for the current term turned into a deficit of KRW 88.497 billion. Based on CoinMarketCap, WEMIX is currently trading at USD 1.78, down 1.16%.
Block Recruits Argo Blockchain CTO with Mining Department Advisory
According to Bloomberg, Block (formerly Square), a mobile payment company led by Twitter founder Jack Dorsey, has hired CTO Perry Hothi of cryptocurrency mining company Argo Blockchain. It will provide advice to mining departments such as designing Bitcoin mining equipment, integrating wallets and mining services, and managing energy. Jack Dorsey announced in October last year that it was considering building an open source-based bitcoin mining system. Block, which aims to further decentralize its direct capital Bitcoin mining sector, is also pursuing a hardware Bitcoin wallet plan, and has built a solar battery-based Bitcoin mining facility in Texas in cooperation with Blockstream. Block also hired Alejandro De La Torre, who served as a Bitcoin Poolin VP in August, and posted several mining department recruitment notices on LinkedIn last week.
Bloomberg "Bitcoin Mining Company's Third-Quarter Performance Will Be Worse"
According to Bloomberg, the performance of Bitcoin listed companies in the third quarter is expected to worsen. Top three U.S. mining listed companies Core Scientific, Marathon Digital and Riot Blockchain lost more than $1 billion in the second quarter due to a sharp drop in bitcoin prices and rising energy costs, a source at cryptocurrency mining service Brains said. In fact, Core Scientific, Argo, and Iris Energy have recently sold a considerable amount of stocks, and the difficulty of bitcoin mining is also hitting an all-time high, putting more pressure on miners' margins.
Chainless "Vietnam tops global cryptocurrency adoption ranking for 2 consecutive years"
Blockchain data platform Chainless released a Cryptocurrency Adoption report and said Vietnam's cryptocurrency adoption level topped the global list for the second consecutive year. Citing data from Statistics Korea's 2021 poll that 21% of Vietnamese people own cryptocurrency, the report evaluated that Vietnam has very high purchasing power and adoption rates across industries such as DiFi and P2P cryptocurrency tools. The Philippines' cryptocurrency penetration rate was 20%, ranking second globally. "Game and remittance are the main drivers," Chanealys said. It was followed by countries such as Ukraine, India, Pakistan, and Thailand. "Lower middle income countries are at the top," the report said. "These countries are characterized by the weak status of their currencies and low availability of cross-border remittance services." "We are relying on cryptocurrency to meet related needs," he explained.
NFT Artist Biffle "Plan to Build a Digital Art Museum"
Famous NFT artist Beeple told the Wall Street Journal that it plans to set up a public museum to display digital art. In March last year, Biffle's NFT work Everyday: The First 5000 Days sold for $69 million.
Charles Schwab "Half of the MZ Generation in the U.S., Hope to Invest in Cryptocurrency Using Retirement Pension"
Citing a Charles Schwab report, Blockworks reported that the MZ generation (20s and 30s) in the U.S. are showing preference for new investment options such as cryptocurrency over 401k, a traditional retirement pension. According to a survey of 1,000 401k subscribers conducted by Charles Schwab, 25% of all respondents said they are investing in cryptocurrency in addition to 401k to raise retirement funds. In addition, 46% of Generation Z and 45% of Generation M said they wanted to be able to invest in cryptocurrency through 401k. The dependence on 401k has also decreased. According to the report, 37% of Generation Z and 54% of Generation M said they invested for the first time through 401k. This is lower than the average (61%) of Generation X and Baby Boomers. The report said, "401k is still considered a means of saving for retirement by Americans. However, it is not the only way anymore, he said. "The MZ generation is more interested in cryptocurrency, real estate, pensions, and small business investment than the older generation." In April, Fidelity, a major U.S. asset management company, said it would support the investment of part of its retirement funds in Bitcoin through the 401k plan.
EU Commission Advisor "Depay is a paradigm shift in finance... Calls for regulation"
According to Doublock, Peter Kerstens, an adviser to the EU Commission, urged the cryptocurrency industry to come up with a solution to regulate DPI. "If necessary, we should build a legal concept of DPI," he said. "DPI means a paradigm shift in centralized finance. Therefore, in order to regulate this, a paradigm shift at the regulatory level is necessary. We need to use our imagination," he said. Referring to Mango Market's $100 million hacking incident, he said, "There are still risks in DPI." The final vote on the European Union's cryptocurrency regulation, MiCA, is expected to take place in Parliament in November, but most of the contents related to DiFi have been excluded from Mika.
3Q Cryptocurrency Hacking Damage $483 Billion... Decrease compared to the previous quarter
Citing Atlas VPN (Atlas VPN) data, Finbold reported that hacking damage in the cryptocurrency market in the third quarter of this year was about $483 billion, down from the previous quarter. The total amount of hacking damage related to cryptocurrency during the first to third quarters of this year is USD 2.57 billion. In particular, Ethereum-related projects were attacked 11 times in the third quarter of this year, resulting in a total of $348 billion in damage. There are two cases of Polka Dot network hacking, and the damage is about 52 million dollars. The network that received the most attacks in terms of the number of attacks during the period was Binance Smart Chain (BSC), which was hacked a total of 13 times. The damage is $28 million.
Application for PayPal, Metaverse and NFT trademarks
U.S. patent attorney Mike Kondoudis tweeted that U.S. online payment giant PayPal recently applied for NFT and metaverse trademarks related to corporate logos to the U.S. Patent Office (USPTO). The application items included downloadable software used in blockchain and cryptocurrency transactions, software for cryptocurrency management, and downloadable software used as cryptocurrency.
Binance CEO "Ellon Musk Acquisition of Twitter, Financial Support Unchanging"
According to Bloomberg News, Binance CEO Zhao Changfeng attended a meeting of Saudi Arabia's future investment initiatives on the 25th (local time) and said, "The financial commitment to acquiring Twitter will remain unchanged." In May, Zhao Changfeng promised to spend $500 million on Elon Musk's $44 billion Twitter acquisition plan.
US CBOE and Japan SBI to establish joint venture company for global digital asset service
The Chicago Option Exchange (CBOE) of the U.S. and SBI, a large Japanese financial company, have signed a contract for cooperation in traditional finance and digital assets. After obtaining regulatory approval, the two companies plan to establish a joint venture. Through this contract, CBOE plans to lose its position in the Japanese financial market, while SBI plans to expand its strong digital asset-related services to the global scope. CBOE said it will provide solutions to help institutional investors accommodate new asset classes through cooperation between CBOE Digital and SBI. Previously, CBOE acquired IrisX, a cryptocurrency futures exchange, and changed its name to CBOE Digital.
Reddit Avatar NFT 24-hour trading volume surpasses $2.5 million
According to Woo Blockchain, polygon-based Reddit Avatar NFT recorded a trading volume of $2.54 million on October 25. The bottom price for season 1 exceeded 68 ETH. Reddit Avatar is created by an independent artist and published as NFT on the polygon blockchain. Users can purchase collections from Reddit's cryptocurrency wallet, Vault, and use them as profile photos on Reddit. Currently, Reddit NFT has more than 2.8 million single addresses, exceeding OpenC's cumulative number of transaction users.
Clayton hosts AMA on November 3rd official Twitter...Seo Sang-min, Chairman of the Foundation, Participates
The KLAY team announced on its official blog that it will host AMA on Clayton Korea's official Twitter account at 19:00 on November 3. The AMA Sur Clayton team plans to update major agenda items that occurred in the Clayton ecosystem in the third quarter and disclose the direction of the ecosystem that will be improved in the future sequentially. Seo Sang-min, chairman of the Clayton Foundation, will participate as a speaker. Based on CoinMarketCap, KLAY is currently trading at USD 0.1999, up 11.56%.
