Island country Palau partnered with crypto technology company Ripple to develop a national stablecoin for the country, as reported by Wu Blockchain. The country’s President, Surangel Whipps Jr, virtually joined a panel on web 3.0, Metaverse, and the future of blockchain. He talked about the country’s digital residency policy and national stablecoin project.
Japan's Financial Services Agency is seeking feedback on new regulations that would allow stablecoins issued outside the country to be listed on local exchanges, Japanese newspaper Nikkei reported on Monday. Under the draft regulation, local distributors will be allowed to handle payments-focused stablecoins, which are cryptocurrencies stabilized against the value of sovereign currencies like the U.S. dollar, if they maintain sufficient assets.
According to people who are familiar with the matter, the criminal investigation launched by the federal prosecutors will dive deeper into the FTX hack. The authorities were also successful in freezing some of the stolen assets. However, the frozen assets are just like a grain in the desert. The plot thickens further with an update on how FTX came about Robinhood shares: "According to the details from the affidavit provided to a Caribbean court, SBF and Gary Wang borrowed $546 million via promissory notes from Alameda Research in April and May. The borrowed funds were used to acquire the 7.6% stake in Robinhood that Fried acquired in May.".
We read an interesting tweet from Marty Bent in regardless to weather effecting Bitcoin hashrate "As the arctic blast blows through the country and millions of people turn up their heat, some bitcoin miners connected to the grid are getting paid to turn off their machines so residential electricity demand can be met."
The $4.5 trillion asset management firm Fidelity Investments has filed three new trademark applications covering a host of Web3 products and services, including an NFT marketplace and a crypto trading platform in the metaverse. Filed with the United States Patent and Trademark Office (USPTO) on December 21 under the serial numbers 97727409, 97727473, and 97727439, respectively, the patent applications are primarily associated with non-fungible tokens (NFTs) featuring textual and visual material, while also providing a variety of services linked to virtual worlds.