Daily Web3 Headlines You Need To Know
07 September #NFT #Developers #Metaverse #DeFi & Trading #Policy & Law
🖼 NFT
Trademark applications for crypto, NFTs and Metaverse surge in 2022: Report
The number of U.S. trademarks filed related to cryptocurrencies, nonfungible tokens (NFTs), Web3 and the Metaverse since January have reportedly passed those filed in 2021. According to data compiled by intellectual property lawyer Mike Kondoudis on Tuesday, individuals and businesses filed more than 3,600 trademark applications for cryptocurrencies and crypto-related services with the United States Patent and Trademark Office as of Aug. 31, compared to 3,516 in all of 2021...(Read More)
Argentine Freemasons want to put NFTs to philanthropic work
The Argentine Grand Lodge of Free and Accepted Masons is jumping into nonfungible tokens (NFTs), but with a philanthropic twist. The secretive society is releasing 77 digital art NFTs under the name CryptoMasons, with profits going back to local charities supported by the chapter…(Read More)
🔗 Developers
Ethereum’s Bellatrix upgrade hiccups jangle nerves… but it’ll be right on the night
The Bellatrix upgrade preparing Ethereum for the Merge was successfully completed on Sept. 6 — however, concerns were raised over an almost one in ten missed block rate across the last 600 slots. The Bellatrix upgrade updated Ethereum consensus layer clients at epoch 144896 on the Beacon Chain prior to the upcoming Merge scheduled for sometime next week...(Read More)
🌖 Metaverse
Metaverse Industry Raises $780 Million In China
According to reports, the Chinese metaverse market has generated around $780 million in investments, and by 2030, it is predicted to be worth $5.8 trillion. The Metaverse has gained popularity in China recently, opening up a wide range of novel and attractive commercial options. 16,000 trademark applications connected to the metaverse suggest that Chinese players are prepared to enter the virtual world.…(Read More)
Metaverse creation tool ARway adopting lidar technology
In the general tech world today, you would be hard-pressed to go very long without hearing something about the metaverse. We’ve talked about it here, with regards to the geospatial industry’s place in developing whatever the metaverse ends up being, and broadly speaking Meta’s — formerly known as Facebook — jump into the space has driven a lot of the exponential growth in the space, with a lot of that focus around social aspects…(Read More)
📈 DeFi & Trading
Degens borrowing ETH to get fork tokens create headaches for DeFi platforms
The growing number of speculators taking out Ether (ETH) loans to maximize their potential to earn forked Ether Proof-of-Work tokens (ETHPoW) has been causing headaches for decentralized finance protocols. The issue has been gaining traction over the past month or so, given that a significant number of Ether miners are expected to continue working on a forked PoW chain, or possibly even multiple chains post the long awaited Merge…(Read More)
Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs
An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and marks a 24% correction from the rally to $25,000 on Aug. 15… (Read More)
⚖️ Policy & Law
New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear
In a Tuesday announcement, Truss’ office named Kwarteng as the next U.K. finance minister, replacing Nadhim Zahawi, who served as chancellor of the exchequer for three months following Rishi Sunak’s resignation in July. Kwarteng was most recently the U.K. government’s secretary of state for business, energy and industrial strategy in addition to being a Member of Parliament since 2010…(Read More)
Russian gov’t working on stablecoin settlement platform between friendly nations: State media
Russia’s Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform. According to a Tuesday report from Russia state-owned news agency TASS, Deputy Finance Minister Alexey Moiseev said the government was looking to create the settlement platform to avoid the use of U.S. dollars and euros…(Read More)
The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too
The U.S. Federal Reserve’s campaign against inflation might not be finished until you’ve lost money on bitcoin (BTC). The reason why goes back to the basics of central banking. The Fed does what it does with monetary policy (these days, raising interest rates) and that filters through the economy by impacting, among other things, how much key assets cost — “financial conditions,” in central bank jargon…(Read More)
🔥 Events
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