Crypto and Blockchain Advancements on the Rise: Fidelity, Defrost, Argo, Striga Lead the Way

Bulletpoints:
• US asset manager Fidelity has filed three trademark applications in the US related to the metaverse, NFTs, virtual real estate, crypto trading, and metaverse investment services.
• Decentralized finance protocol Defrost Finance has said it will soon start the process of refunding assets to the rightful owners prior to the attack.
• Crypto mining company Argo Blockchain has asked for a suspension of trading for its ADSs and unsecured notes traded on the Nasdaq Global Select Market, and Striga has announced crypto on-ramp and off-ramp application programming interfaces (APIs).

US asset manager Fidelity has recently filed three trademark applications in the US related to the metaverse, non-fungible tokens (NFTs), virtual real estate, crypto trading, and metaverse investment services. The applications are a sign of increasing interest in the metaverse and virtual worlds, as well as in NFTs, which have become increasingly popular in recent months.

In other news, decentralized finance protocol Defrost Finance, which was hacked on December 23, announced that, as all V1 hacked funds have been returned, the team would soon start the process of refunding these assets to the rightful owners prior to the attack. This will be done through a refunding smart contract, and owners will be able to claim their assets back in stablecoins.

Crypto mining company Argo Blockchain also recently announced that it had requested a suspension of trading for its ADSs and unsecured notes traded on the Nasdaq Global Select Market as the London Stock Exchange is closed for trading on 27 December. The company expects that trading on Nasdaq will resume on 28 December.

Finally, Striga, a builder of infrastructure for digital assets and financial services, recently announced crypto on-ramp and off-ramp application programming interfaces (APIs). These APIs make it easier to hold or cash out cryptocurrencies to various products including neobanks, marketplace, Web3 apps, and decentralized finance (DeFi) projects. The company’s new fiat-to-crypto or crypto-to-fiat can be embedded into existing apps or used as standalone products.

Overall, the recent developments in the crypto and blockchain space show that there is an increasing interest in virtual worlds and NFTs, as well as in decentralized finance protocols and crypto mining companies. With the increasing number of applications, products, and services related to the crypto and blockchain space, it is likely that we will see even more advancements in the near future.