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Pudgy Penguins accused of infringing Original Penguin trademark

Pudgy Penguins, a popular NFT collection, is facing legal action for allegedly infringing on the trademark of Original Penguin, a clothing brand. The lawsuit claims that the NFT project’s name and branding could confuse consumers and dilute the Original Penguin trademark. The case highlights ongoing tensions between traditional brands and the rapidly evolving NFT space. Pudgy Penguins has yet to publicly respond to the allegations. The outcome of the lawsuit could have implications for other NFT projects regarding trademark rights.

Read the full article: Coin Telegraph

DTCC to use Chainlink to power 24/7 collateral management network

The Depository Trust & Clearing Corporation (DTCC) has announced its partnership with Chainlink to develop a 24/7 collateral management network. This initiative aims to enhance the efficiency and transparency of collateral management processes in the financial markets. By leveraging Chainlink's decentralized oracle technology, DTCC seeks to provide

Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

The Senate has confirmed Kevin Warsh as a governor of the Federal Reserve, a position that could influence monetary policy amid ongoing economic challenges. Warsh, a former Fed official, is expected to bring a new perspective to the board, particularly regarding interest rates and inflation. A vote for the chair

Bermuda to transition ‘key’ financial services to Stellar blockchain

Bermuda is set to transition key financial services to the Stellar blockchain, aiming to enhance efficiency and transparency in its financial sector. The initiative is part of the government's broader strategy to leverage blockchain technology for economic growth and innovation. This move is expected to improve cross-border transactions

Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote

The U.S. Senate has confirmed Kevin Warsh to the Federal Reserve Board, a move that precedes an anticipated vote for the position of Chair. Warsh, a former Fed governor, is expected to influence monetary policy significantly. His confirmation comes amid ongoing discussions about interest rates and inflation management. The

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DTCC to use Chainlink to power 24/7 collateral management network

Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

Bermuda to transition ‘key’ financial services to Stellar blockchain

Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote