🥊 Muhammad Ali's Trademark Registered for NFTs and Virtual Goods in the Metaverse

🥊 Muhammad Ali's Trademark Registered for NFTs and Virtual Goods in the Metaverse💱 German bank N26 adds cryptocurrency trading features 🤪 JPMorgan hires former Celsius executive

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🥊 Muhammad Ali's Trademark Registered for NFTs and Virtual Goods in the Metaverse

💱 German bank N26 adds cryptocurrency trading features

🤪 JPMorgan hires former Celsius executive

Muhammad Ali's Trademark Registered for NFTs and Virtual Goods in the Metaverse

In yet another sign of the massive growth and mainstream adoption of Web3, legendary boxer's Muhammad Ali trademark was registered for NFTs and virtual goods in the metaverse. Digital art connoisseurs will probably get to own a piece of boxing history by buying NFTs and virtual goods featuring Muhammad Ali's image in the near future.

Ali's image was trademarked for use on non-fungible tokens and virtual goods in the metaverse under US patent registration number 6881575.

Muhammad Ali has been known as one of the most iconic sports figures in history, earning him the nickname ‘The Greatest’. And now, thanks to the massive growth and mainstream adoption of Web3 technology, Ali's legacy is being secured in the world of digital assets.

So, collectors, you'd better keep your eyes peeled – it won't be long before you'll probably be able to own a piece of boxing history in the form of an NFT or virtual good featuring Muhammad Ali's image. It's great to see that even celebrities who are no longer with us are having their legacies secured through the blockchain, and we can't wait to see more of these sorts of announcements in the future.

German bank N26 adds cryptocurrency trading features

N26, the German neobank valued at $9 billion, has launched cryptocurrency trading tools via a partnership with investment platform Bitpanda.

A neobank is a digital bank that offers a mobile app experience rather than (or in addition to) a brick-and-mortar bank branch. These types of banks are popular among millennials and Gen Zers who are more comfortable conducting their banking business online or via mobile app.

And it seems that N26 decided to cater to its young, tech-savvy customer base by offering crypto trading. Customers of the bank will be able to trade over 100 tokens, including DOGE, SOL, AVAX, SHIB and many others. The features will be rolled out to other markets in the coming months.

Bitpanda's white-label business offers APIs that platforms can use to access its trading tools. Initially, these tools will only be available to a limited number of users, but Bitpanda plans to make them more widely available in the future.

This may not be huge news in the grand scheme of things, but it's still good to see crypto being adopted by mainstream companies. It's a small step in the right direction and hopefully, more companies will follow suit.

JPMorgan hires former Celsius executive

In a bit surprising move, JPMorgan Chase & Co. has hired a former executive at the now-bankrupt crypto lender Celsius as the company’s executive director of digital assets regulatory policy.

Iovine, who left Celsius in September has previously served as the head of policy and regulatory affairs at Celsius. He left in September, after eight months on the job. Is that a wise decision by JPMorgan, considering the fate of Celsius? No one knows for sure. But maybe the corporate suits at JPMorgan are starting to see the writing on the wall and realize that cryptocurrencies are here to stay. Or maybe the failure of Celsius felt inspirational somehow to JPMorgan's upper management like its CEO Jamie Dimon, who called crypto "decentralized Ponzi schemes" in the past - it would be foolish to try and profit from the "Ponzi scheme" market without someone with actual experience in running such a scheme, right?

In the meantime, Celsius has so far paid out more than $3 million in legal fees to several law firms. The total figure paid by the troubled lender is made up of close to $2.6m charged by law firm Kirkland and Ellis for work performed during the two weeks between July 13 and July 31, and then $750,000 charged by law firm Akin Gump, as indicated by two recent documents filed with a court.

So, while one of their former executives is cashing in at JPMorgan, Celsius is hemorrhaging the last remaining money it took from the customer to pay its lawyers. It's always the investors who suffer the most in these situations, so let's just hope everything works out for the best in the end and every holder gets their money back.