DeFI News by Thebittimes.Com

Source: AdobeStock / piter2121 Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________  Legal news Three Indian cryptocurrency companies are being investigated by several agencies, including the Enforcement Directorate and the income tax department, following an alert by the Financial Intelligence Unit (FIU) about their alleged role in illicit drug transactions worth ₹28,000 crore, according to The Economic Times. The agencies identified some 200 transactions using digital currencies. The US Trustee overseeing the Celsius Chapter 11 bankruptcy case, William Harrington, has objected to the lender’s motion that would see 62 of its 275 employees paid a retention bonus totaling $2.96 million. “It defies logic, not to mention the Bankruptcy Code, that a company where the majority of its functions are no longer providing services...

Financial services companies Paypal and Western Union have each filed three new trademark applications covering a wide range of crypto services. Paypal’s applications are also for the payments giant’s logo. Paypal’s New Trademark Filings for Crypto Services Paypal Inc. has filed three new trademark applications with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Monday: Paypal has filed trademark applications for Paypal and its ‘overlapping Ps’ logo. The apps claim plans for exchanging, trading, and processing transfers of blockchain + digital assets, crypto + digital + virtual currencies … and more. Filed on Oct. 18, the applications’ serial numbers are 97636933, 97636892, and 97636857. An excerpt from one of the trademark applications explains that the trademark covers “downloadable software for sending, receiving, accepting, buying, selling, storing, tran...

Formula One has filed eight trademark applications covering a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services with the United States Patent and Trademark Office (USPTO). Formula One Getting Deep Into Crypto, NFTs, Metaverse Formula One filed eight trademark applications with the United States Patent and Trademark Office (USPTO) on Oct. 5 indicating its plans involving a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. A USPTO-licensed trademark attorney, Mike Kondoudis, detailed in a tweet Monday: Formula One has filed 8 trademarks for ‘F1’ covering: Cryptocurrency + NFTs, NFT + Crypto marketplaces, Retail stores for virtual goods, Blockchain financial transactions, Cryptocurrency trading + mining … and more. The trademark serial numbers are 97620234, 97620226, 97620223, 97620220, 97620218, 97620213, 97620210, and 97620208. The applications were filed by Formula One Licensing B.V.,...