Meta Files Trademarks for Crypto Tokens, Trading, Wallets and Blockchain Software: Previously, Facebook now Meta filed for 8 trademark applications for their logo in different applications.  The Trademark applications covered cryptocurrency tokens, blockchain software, virtual currency exchanges, wallets and exchanges and also digital crypto, and virtual currencies. The applications were filed on March 18, 2022 and can be viewed on the Patent and Trademark Office website.

Bitcoin, Ethereum, Dogecoin Hold Firm Even as Equities Slide: Is It Time to take Profits? The global cryptocurrency market cap increased 2% through $2 trillion. The price performance of Major cryptocurrencies was up by 1.1% for Bitcoin BTC; 2.3% for Ethereum ETH; and 5.4% for Dogecoin. Further, Coin Gecko reported 24-hour gainers to be Loopring (LRC) with +45.2% change; XIDO Finance (XIDO) with +33.2% change; Humans.ai (HEART) with +29.6% change.

These data, are considered to be important because it has been noted that cryptocurrency has broken away from other risk assets amid surging prices of commodities. There is also an opinion that Bitcoin should be trading side ways until the Wall Street Recovers. It is a matter of big question of whether equities will perform with the geopolitical uncertainty at hand.

Reportedly, new and short-term buyers have accumulated heavily; however, long term holders are holding at a loss. So, when the price of Bitcoin is consolidating it is good for short-term new buyers and not really for long-term holders – depending upon their entry price and for how long they have been holding.

Crypto Companies Are Spending Massive Amounts on Sports Sponsorships: 6 Of the Biggest Deals: Reportedly, the volume of external investments pouring in to an industry indicates the potential growth factor. Crypto companies are pushing the industry forward. The latest sponsorships for the sports world by Crypto.com and FTX.US are a proof.

 Crypto.com:

 For clarity, Crypto.com has bought the naming rights to Staple Center in Los Angeles. Thus, increasing the visibility for Crypto.com.

Crypto.com spent $75 million in a 10-year deal with the UFC for a “flight kit” sponsorship thus promoting the logo on the fighter apparel.

Crypto.com with the $100-million sponsorship with Formula 1 racing permits exchanges to promote their website at F1 races globally.

FTX.US: 

FTX.US has a long-term partnership to promote and advertise the company’s branding.

FTX has the naming rights to Miami’s Heat’s arena using a 19-year deal worth $125 million.

FTX has naming rights to esports Team TSM for $210 million, thus renaming the team to TSM FTX.