a month ago 2 min read

Daily Coin Journal


Kinetix Launches World’s First Avatar-Driven Emotes For Metaverse

The AI Tech start-up Kinetix has made available its ground-breaking user-generated emotes for video games and virtual environments. In gaming and the metaverse, it marks a significant first step toward authentic self-expression.

In video games and virtual worlds, emotes are animations that dance, rejoice, or make motions to express emotion. Thanks to a new, free SDK, games developed using Unity's development tools may now use Kinetix's collection of excellent emotes, which will enhance user experience by enabling players to express themselves.


South Korean Sanctions Directed at North Korea for Multiple Cybercrimes

According to the Korea Times, South Korea has hit its belligerent northern neighbor with a barrage of penalties for the latter's cryptocurrency crimes.

This was the first time the nation has put independent restrictions against North Korea's online behavior.

Park Jin Hyok, a state-sponsored North Korean computer programmer responsible for the Sony Entertainment Pictures attack, and other well-known hackers are on the list of those who have been sanctioned.


PayPal Holds $500 Million in Digital Currencies

Global payments company PayPal continues to work with cryptocurrencies and currently holds more than half a billion dollars worth of digital currency. PayPal first embraced cryptocurrency two years ago, enabling its clients to first buy and store cryptocurrency before moving it to third-party wallets.

In accordance with a Form 10-K filed with the U.S. Securities and Exchange Commission by PayPal, as of December 31, the business has in the wallets of its users a total of $604 million worth of the four major digital currencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).


Kraken Trading Volume Up Despite SEC Crackdown

Despite coming under scrutiny from the US Securities and Exchange Commission, American multinational digital currency trading site Kraken has experienced an increase in its trading volume. Kraken's trading volume was $762.67 million, up 20.01% over the previous 24 hours, according to statistics from CoinMarketCap.


Applications For Yuga Labs Trademark Resisted By BAYC Imitation

One of the designers of the fake Bored Ape Yacht Club NFT collection RR/BAYC has filed opposition notifications against 10 trademark registrations from Yuga Labs.

In the ongoing legal dispute over intellectual property between RR/BAYC founders Ryder Ripps and Jeremy Cahen and BAYC inventors Yuga Labs, the decision marks yet another peculiar turn.

On February 9, Cahen sent the Trademark Trial and Appeal Board of the US Patent and Trademark Office the opposition notice (USPTO). As of this writing, the opposition status for all trademark applications is "pending".


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Thanks for reading,

J.K. Tan
J.K. Tan
A crypto enthusiast who thinks that cryptocurrencies encourage people to act as their own banks. Fascination for blockchain and Web3 projects is his A-game.
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