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Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity’s Crypto and Metaverse Trademark Applications Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity has $9.6 trillion in assets under administration as of Sept. 30; the financial services firm serves about 40 million individual investors. Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Monday: Fidelity has plans for the metaverse! The company has filed 3 trademark applications covering NFTs + NFT marketplaces, metaverse investment services, virtual real estate investing, cryptocurrency trading, and more. The financial services giant’...

Legendary footballer Edson Arantes do Nascimento, popularly known as Pelé, passed away on December 29th due to complications from a respiratory infection due to Covid-19. The Brazilian national was also fighting colon cancer in his last days. Although famous for his skills in the field, Pelé also had run-ins with the crypto world. The football icon launched an NFT (Non-Fungible Token) in April of last year in collaboration with Ethernity Chain to raise funds for charity. 90% of the funds were sent to the Pelé Foundation. The charity focuses on educating and empowering children suffering from poverty. My friends, I'm happy to announce that @ethernitychain is launching a legendary NFT in my honor. It's really cool to be immortalized that way. What an honor! Visit https://t.co/tL1UbgKwwJ to learn more. pic.twitter.com/b04wQDhcG4 — Pelé (@Pele) April 16, 2021 One of the biggest crypto firms in the world, Kraken Holding Inc., announced t...

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says now may be the last chance to buy gold and silver at low prices. “Inflation moving up. Interest rates moving up. Stock market to crash sending gold and silver higher,” Kiyosaki described. Robert Kiyosaki Expects Gold and Silver to Soar When Stock Market Crashes The author of Rich Dad Poor Dad, Robert Kiyosaki, says the prices of gold and silver are about to soar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Monday that the price of gold is now over $1,800 while silver is over $24, adding: Inflation moving up. Interest rates moving up. Stock market to crash sending gold and silver higher. May be last chance to buy gold and silver at these low prices. The Rich Dad...

A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange. The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their holdings with the trading platform belong to them rather than the failed company. Customers Sue FTX, SBF for Priority Right to Repayment Over Other Creditors Four FTX customers have filed a lawsuit on Tuesday against the crypto exchange and its former executives, including founder and ex-CEO Sam Bankman-Fried (SBF). They want the court to declare that the digital assets held with the platform belong to its customers rather than FTX or its other creditors. The group also asks their suit to be accepted as a class action as part of the case in Delaware, according to reports published by Reuters and Bloomberg. The Bahamas-based FTX filed for Chapter 11 bankruptcy protection in the state on Nov. 11 as traders and investors rushed to withdraw their mon...

Bitcoin price prediction for December 27 is bearish, with a drop to $16,600. A cryptocurrency mining pool, BTC.com, and its parent company, BIT Mining Ltd., revealed that the company had been the victim of a cyberattack on December 3 that resulted in the loss of approximately $3 million in assets.  The attacker stole $2.3 million in BIT Mining assets and around $700,000 in BTC.com client assets. The method of the attack has not yet been disclosed by the company. According to the statement, the incident has been reported to the police in Shenzhen, China. Some of BTC.com's assets were recovered as a result of the investigation.  A mining pool, BTC.com, assists many miners in pooling their computational power on a blockchain network to earn money and collect block rewards. It is a top mining pool that provides multi-currency mining services for virtual currencies such as bitcoin. It is now the seventh-largest mining pool on the bitcoin blockchain, accordi...

For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were withdrawn from a myriad of crypto trading platforms worldwide. $6 Billion in Bitcoin, Over $5 Billion in Ether, and More Than $7 Billion in Stablecoin Assets Were Removed From Centralized Exchanges in 51 Days Since the onset of FTX’s collapse on Nov. 5, 2022, a great number of bitcoin (BTC) and ethereum (ETH) have left exchanges. Statistics from cryptoquant.com indicate that since that day 51 days ago, 356,848 BTC worth $6.02 billion, using current bitcoin exchange rates, has been removed. The near two-month span was the largest number of bitcoin and ethereum withdrawals all year. Currently, on Dec. 26, 2022, cryptoquant.com metrics show there’s 2,151,925 BTC held on centralized exchanges. 51 days ago on Nov. 5, around 2,508,773 bit...

The ongoing bear run has tested the patience of most Bitcoin investors from space. However, it has also given critics a chance to re-cement their bear cases. Prominent Economist Peter Schiff, for instance, tweeted a few hours back that the “smart move” is to sell Bitcoin today. Not everyone is on the same page as Schiff. American Entrepreneur Mark Cuban recently opined on a Club Random podcast episode that he wanted Bitcoin’s price to drop further so that he can fill up his bags. He said, “I want Bitcoin to go down a lot further so I can buy some more.” It is interesting to note that affordability and accumulation are going on hand in hand for Bitcoin at this stage. As illustrated below, addresses possessing 0-1K coins have accumulated a “lion’s share” of coins at the recent market lows. However, the behavior is in contrast with bag holders of the previous cycle tops. Source: Twitter Also Read – Bitcoin: Are Affordability &...

Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $810 billion. Bitcoin maintains a similar value to last week’s $16,800. Ethereum gained almost 3% over the past seven days. XRP lost nearly 1% of its value this week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector dropped the total value of protocols (TVL) to around $38 billion. Crypto Trends 19-25 December 2022: Market Analysis and Performance The crypto market is in for a silent Christmas celebration following another drab week this year. Most of its assets are bleeding slightly, and most traders have put their wallets under a holiday lock. Even the market capitalization remains still, seesawing by a few billion on each side of the $810 billion level. Bitcoin stagnates at around $16,800, seemingly too weak to launch an attack on the dreaded $17k level this year. The king ...

In a world where economies depend on oil and the resource is predominately denominated in US dollar s, the United States has acquired immense power for itself. But how long can this power last, and can bitcoin fix today’s system called the petro dollar system?  This guide will explore the petrodollar system, how it was established, how it’s been challenged, and how bitcoin could fix it. What Is the Petrodollar System? The petrodollar system refers to the global practice of trading oil for US dollars. Oil-importing countries pay oil-producing countries in dollars, which is why this arrangement is referred to as the petrodollar trade.  The system originated from a 1970s agreement where it was agreed that the US would provide weapons to Saudi Arabia, and in return, the latter would carry out crude oil sales in USD. Following this, the petrodollar system was established and, today, applies to members of the Organization of the Petroleum Export...

Top10 News 1. DAOs recognized as limited liability companies by the Marshall Islands link In a world-first, the Republic of the Marshall Islands announced that the government has passed the Decentralized Autonomous Organizations Act of 2022 , which legally recognizes DAOs and enables legal entities to formally adopt DAO structures and governance tools. 2. SBF’s weekly summary a. FTX founder SBF signs extradition papers, will return to US for charges link Sam Bankman-Fried signed the papers to waive an extradition hearing from the Bahamas and will now be flown to the United States to face prosecution. Bankman-Fried was charged by the U.S. Attorney for the Southern District with eight counts including securities fraud and money laundering. b. Two executives in SBF’s crypto empire plead guilty to fraud link Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, have pleaded guilty to federal criminal fraud charges and are cooperating in the ...

Despite this growth, BNB Chain still has far less unique addresses than Bitcoin. Unique addresses on the Build and Build (BNB) Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer. BNB Chain has made significant strides in onboarding the next billion users into #Web3 in 2022. We want to thank our incredible community for coming along for the ride as we lay the groundwork for an even bigger year to come. Further details ️https://t.co/9jNFdVeoZ3 pic.twitter.com/QjxL3ey759 — BNB Chain (@BNBCHAIN) December 22, 2022 The developer claims that this makes BNB Chain “the largest layer 1 blockchain in the world.” However, blockchain data shows that the Bitcoin network is still larger than both BNB Chain and Ethereum. According to Etherscan, Ethereum currently has over 217 million unique addresses . By contrast, BNB Chain has over 233 million unique addresses according to BscScan. This implies that BNB Chain is larger than Ethereum as judged by this me...

Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent consensus mechanism pivot amongst them. Youssef also stated that tokens built on top of Ethereum have been primarily scams. P2P Exchange Paxful Drops Ethereum Paxful, a New York-based, peer-to-peer cryptocurrency exchange, has announced that it will drop Ethereum from its platform. The announcement was made via email, and then using social networks, by Paxful’s CEO Ray Youssef, who stated that the changes the token has undergone recently have changed it into a “digital form of fiat.” Youssef explained that one of the first reasons behind this action has to do with the pivot that Ethereum executed, changing from a proof-of-work consensus mechanism like the one Bitcoin also implements, to a proof-of-stake m...

Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident that the crypto industry will move forward despite the collapse of crypto exchange FTX. Guggenheim’s Scott Minerd Shares Crypto Outlook Guggenheim Partners Global Chief Investment Officer (CIO) Scott Minerd shared in an interview with Bloomberg last week his thoughts on the future of cryptocurrency following the implosion of crypto exchange in FTX. He was asked if he has confidence that bitcoin and crypto can move forward given the FTX fallout, subsequent contagion, and recent crypto market sell-offs. Minerd replied: “I do.” The CIO then proceeded to detail: “A year ago we were talking about crypto, and there were approximately 19,000 coins, to which my comment was, ‘this is mostly crap.'” He warned: There is going to be a w...

Join Our Telegram channel to stay up to date on breaking news coverage The co-founder of OneCoin, Karl Sebastian Greenwood, is now facing a 60-year jail term after pleading guilty to the charges involving wire fraud and money laundering. OneCoin itself was a project launched in 2014, which sought to defraud investors, eventually growing into a $4 billion cryptocurrency pyramid scheme. A $4 billion crypto scam According to the information provided by the US Department of Justice (DoJ), Greenwood co-founded the fraudulent project with Dr. Ruja Ignatova, the so-called Cryptoqueen. At the moment, Ignatova is still at large, as the authorities lost track of her whereabouts after she fled to Greece in 2017. As the leader of the scam, Ignatova became one of the FBI’s Ten Most Wanted Fugitives earlier in 2022 — currently the only woman on the list. When it emerged, OneCoin was presented and operated by Greenwood and Ignatova as an MLM (multi-level marketing) network. The ...

The security firm managed to avert a crypto robbery by simply paying a higher gas fee than the exploiter. The stories about people getting their private keys hacked or stolen are nothing new, and users have reportedly lost their life savings because of these thefts. However, in quite an anti-climax scene, a crypto user managed to save their crypto holdings despite losing the private keys. Harpie, an on -chain Security firm,  revealed an instance of on -chain crime drama where the good guys eventually won. One of the users in their discord group reportedly raised concerns about the suspected theft of their private keys. When the firm looked into the said customer’s wallet, someone was indeed trying to transfer funds from the victim’s accounts How did we do this? About a month ago, this user protected their tokens with Harpie. By approving and protecting their tokens with Harpie, this user gave us permission to intervene if we ever spotted a theft on their wallet. 5/7 pic.twitter.c...