Coinlive Morning Post - August 18

headlines

▌The European Union Intellectual Property Office updates the application guidelines for NFT and virtual goods trademarks

In response to a sudden increase in trademark applications containing terms related to virtual goods and NFTs, the European Union Intellectual Property Office (EUIPO), which is responsible for EU trademark registrations, has published guidance on how to classify virtual goods and NFTs. This approach is included in the 2023 edition of the draft guidance "Main reference points for users of the EUIPO system". EUIPO defines NFT as "a unique digital certificate registered in the blockchain for the verification of digital items, but which is different from these digital items". According to the EUIPO, virtual goods and NFTs fall under category 9 of the Nice Classification. This is because they are considered digital content or images. The terms "virtual goods" and "NFT" are not acceptable by themselves when filing an application with the EUIPO. Instead, the content of the item associated with the virtual good must be specific (e.g. "virtual good, which is virtual clothing"). For NFTs, the digital item verified by the NFT must also be concrete. In the 12th edition of the Nice Classification, to be published in 2023, the term "Downloadable Digital File Verifiable by NFT" will be added to Class 9.

cryptocurrency

▌Michael Saylor: Hope Musk buys more bitcoins

Michael Saylor replied to Musk on social media: "We would rather you buy more bitcoins." According to previous news, Musk said on social media that he would buy Manchester United, but then clarified that the acquisition of Manchester United would not buy any team.

▌Researchers at the University of Technology Sydney: Found instances of Coinbase insider trading beyond the scope of charges in July

It is reported that a new academic study by researchers at the University of Technology in London found that coin front-running is common at Coinbase, finding that about 10% to 25% of new cryptocurrency listings have suspicious transactions, and said that the problem goes beyond the U.S. Department of Justice filed in July. circumstances of the case. That suggests market watchdogs seeking to police the deal may have more work to do. The new study, which has not yet been peer-reviewed, suggests the problems are broader than those that arose in that case, though, as researchers say they have uncovered instances of insider trading that go beyond the July charges. According to previous news in July, the US Department of Justice charged a former Coinbase product manager, his brother and their friends with fraud and insider trading.

▌Coinbase wallet browser extension adds support for asset bridging between Ethereum and Polygon

According to official news, the Coinbase wallet browser extension has added support for asset bridging between Ethereum and Polygon. The bridge is coming to Coinbase Wallet's mobile app, with plans to add support for more networks in the future, according to Coinbase Wallet.

▌Axie Infinity side chain Ronin announced the addition of three new verification nodes including Nansen

Axie Infinity side chain Ronin announced the addition of three new verification nodes, namely Efficient Frontier, Community Gaming, and Nansen, bringing the total number of verification nodes to 17. Previously, Ronin had stated that the goal was to achieve at least 21 independent verification nodes working together to secure the network within three months.

important economic trends

▌Federal Reserve meeting: "little evidence" that inflationary pressures are fading

The minutes of the Fed meeting showed that participants agreed that there was "little evidence" that inflationary pressures were fading and that it would take considerable time to resolve the issue. Participants noted that near-term inflation expectations readings were “consistent” with longer-term expectations stuck at 2 percent. Participants "emphasized" that the slowdown in demand would "play an important role" in bringing inflation down.