BITCOIN

BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to Introduce Blockchain to Its Operations More companies are introducing blockchain processes as part of their operations due to the ostensible reliability of the tech and how it can help save on costs. On Dec. 29, BMW, the German car manufacturer, announced a partnership with Coinweb, a layer 2 (L2) blockchain interoperability protocol, to introduce blockchain-based processes to its operations. This alliance contemplates two different tasks. The first includes the development of a smart contracts platform with the objective of streamlining different processes that need to be completed for the financing of BMW-branded

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’s tradem

The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrencies were transferred to its wallets “for safekeeping” and “are being held by the Commission on a temporary basis.” Bahamas Regulator Seizes FTX’s Cryptocurrencies The Securities Commission of the Bahamas (SCB) said Thursday that it has obtained a court order to transfer the digital assets owned by, or under the custody or control of, FTX Digital Markets Ltd. (FTXDM) to its secure wallets. FTX Digital Markets is the Bahamian subsidiary of Sam Bankman-Fried’s FTX Trading Ltd., which owned and operated the crypto trading platform FTX.com. The regulator wrote that on Nov. 12: The Commission … took the action of directing the transfer of all digital assets under the custody or control of FTXDM or its principals, valued at more than US$3.5 billion, based on market pricing at the time of tra

According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is not allowed to spend more than $1,000 without permission from the court. Analyst Discovers Funds Tied to SBF’s and Alameda’s Wallets Moved While the FTX Co-Founder Is on House Arrest On Thursday, an analyst called “Bowtiediguana” published a Twitter thread that shows Sam Bankman-Fried may have spent $684K while he is on house arrest. According to Bowtiediguana, in August 2020, SBF agreed to temporarily take over the decentralized exchange (dex) Sushiswap, after the anonymous founder Chef Nomi decided to leave. When the deal was made, SBF shared a public Ethereum address and Chef Nomi transferred ownership of Sushiswap to SBF’s address. “After SBF was released, his wallet sent all its remaining cr