Fidelity Files Three Metaverse Trademark Applications – December 27

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,797

Bitcoin price has yet again traded within a narrow $215 range, hovering within the high $16,000s.

Top-20 altcoins have also had underwhelming volatility over the last 24 hours, as Ether remains unchanged, BNB rises 1% and XRP is the biggest mover with a 4% rise.

Top Stories for December 27, 2022 πŸ”₯

πŸ‘‰ Fidelity Files Three Metaverse Trademark Applications

Financial services giant Fidelity has filed three US trademark applications, looking to provide services in the metaverse.

According to the filings, Fidelity wants to provide its traditional services within “alternate realities,” with mentions of NFT marketplaces, virtual real estate investing, crypto trading and other metaverse investment services.

Fidelity said in October that it was planning to hire 100 additional crypto personnel, as well as expend its digital asset team to 500.

πŸ‘‰ Bitoin ASIC Miner Prices Reach Prices Not Seen Since 2020-2021

Bitcoin application-specific integrated circuit (ASIC) mining hardware prices have reached lows not seen since 2020 or 2021, with falls of up to 91% from their peak.

The price fall has been attributed to large Bitcoin mining firms struggling to remain profitable throughout the bear market, with many filing for bankruptcy or taking on additional debt.

πŸ‘‰ Japan’s FSA May Allow Local Listing Of Foreign Stablecoins

Japan’s Financial Services Agency is looking for feedback on new regulations that would allow foreign stablecoins to be listed on local exchanges.

Under the proposed regulation, local entities would be allowed to handle payments of stablecoins such as USDC and USDT, which are currently prohibited on exchanges in the country.