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The document, filed to the federal court database system PACER late Monday, provided the first true glimpse of the crypto exchange's last day prior to filing for bankruptcy and its first few days going through the process. FTX's new CEO, veteran insolvency overseer John J. Ray III, is working with
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The U.S. Securities and Exchange Commission (SEC) is setting up a dedicated office to review crypto-related filings. The securities regulator stressed the need to “provide greater and more specialized support” for crypto assets. SEC’s Dedicated Crypto Office The U.S. Securities and Exchange Commission (SEC) announced Friday its plan to establish two new
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Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits. A chapter 11 bankruptcy document signed off by Celsius CEO Alex Mashinsky on July 14 has revealed that the company holds around
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Major credit card company American Express has filed trademark applications for some of its logos and designs, hinting at expanding into the metaverse.According to applications submitted to the U.S. Patent and Trademark Office on Wednesday, American Express may be readying to provide “virtual concierge services” related to credit card transactions
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“American Express is always monitoring emerging technologies to see how they could benefit our customers, and the metaverse is a space we’re following,” an Amex spokesman told CryptoX when asked about the company’s metaverse plans. “We have no plans to share at this time but are watching as this space
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The trademarks, filed under “Slim Jim,” “Meataverse” and “Long Boi Gang,” outline plans for the company to offer “services featuring virtual goods, virtual food products and non-fungible tokens,” along with “providing a metaverse for people to browse, accumulate, buy, sell and trade virtual food products.” Original Source
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Following a slew of well known brands filing trademarks for metaverse related products and virtual goods, the American fast food firm founded in 1940, McDonald’s, has filed for ten trademark applications that describe plans to offer virtual restaurants and other digital-based products. 10 McDonald’s Trademark Filings Discovered Mention Digital-Based Products Like
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The filing is a strong sign that Crocs is preparing to issue NFTs, one well-known crypto-intellectual property lawyer told CoinDesk. Its counsel, WilmerHale, filed on an “intent-to-use” basis, meaning the brand has a bona fide intention to use it in commerce. Original Source
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The price of bitcoin jumped over 8% during the last 24 hours after a number of documents stemming from the U.S. Securities and Exchange Commission’s (SEC) web portal indicated that the Proshares Trust exchange-traded fund (ETF) could be listed as soon as next week. Proshares filed a post-effective amended prospectus
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explains that some laws provide “significant investor protections” for exchange-traded funds (ETFs), including those seeking to invest in bitcoin futures. He looks forward to seeing the SEC’s review of such filings. SEC Chairman Looks Forward to Staff’s Review of
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