MetaBirkins NFT Collection Sparks Legal Battle Between Artist and Hermès

• Hermès is suing artist Mason Rothschild over an NFT collection they allege infringes its trademark of the iconic Birkin bag.
• Rothschild released a 100-edition NFT collection in December 2021, selling the „MetaBirkins“ collection for more than $1,000,000 in profit.
• In response, Hermès sent cease and desist letters to both Rothschild and OpenSea, causing the latter to take down the NFT collection from its marketplace.

Luxury goods maker Hermès is taking legal action against artist Mason Rothschild over an NFT collection which it claims violates its trademark of the iconic Birkin bag. In December 2021, Rothschild released a 100-edition NFT collection, dubbing it the ‘MetaBirkins’. He hoped to pay tribute to the exclusive, well-made luxury accessory, which has become a highly sought-after item, not least due to its waitlist, steep price tag and scarcity.

Rothschild made a significant profit from the sale of the NFTs, with one edition selling for 100 ETH. However, soon afterwards, Hermès sent cease and desist letters to both Rothschild and OpenSea, the marketplace where the NFTs were initially sold. In response, OpenSea took down the collection and Rothschild continued to sell the NFTs on other platforms, as well as registering the www.MetaBirkins.com domain, with a disclaimer stating they were not affiliated with Hermès or its subsidiaries.

This case is set to have major implications for the NFT landscape, with legal experts expecting it to be an important precedent in the ongoing debate over copyright infringement in the digital age. The outcome of the case could ultimately define how companies and individuals will be able to use trademarks and other intellectual property in the creation and sale of NFTs.

For Rothschild, the case is a personal matter as well, with the artist having to face the consequences of his actions and the potential for damage to his reputation as a result. It remains to be seen whether the court will rule in favour of Hermès, but the legal battle is undoubtedly one that is being watched closely by many in the digital art and NFT communities.

Digital Euro to be Free and Accessible to All, ECB Announces

•The Digital Euro will be free to use and accessible to all, but lawmakers will decide what personal information the bank will have access to.
•The European Central Bank (ECB) started studying the digital euro in October 2021, and hopes to complete the preliminary phase of the project by 2023.
•The ECB could develop its own standalone payment app or allow private banks to incorporate the digital euro into their systems as intermediaries.

The European Central Bank (ECB) announced on Jan. 23 that the Digital Euro will be free to use and accessible to all, but it would be the lawmakers who will decide what personal information the bank will have access to. Fabio Panetta, Member of the ECB’s Executive Board, stated that it will be up to the co-legislators to establish the optimal balance between the protection of privacy and the achievement of other important objectives of a public nature. These objectives include the fight against money laundering, the financing of terrorism, and tax evasion or compliance with any sanctions.

The ECB began studying the digital euro in October 2021, and by 2023, hopes to complete the preliminary phase of the project. The European Commission will then submit its legislative proposal regarding the digital euro.

The researchers recommended a supervised intermediary approach for the digital euro, instead of a direct-to-central bank model. The ECB believes supervised intermediaries are in the best position to identify use cases for conditional payments and other advanced payment services. To this end, the ECB could develop its own standalone payment app or allow private banks to incorporate the digital euro into their systems as intermediaries.

The digital euro could help promote greater financial inclusion, competition, and innovation in the European payments market, especially for those who are not currently using traditional banking services. The digital euro could also reduce the cost of cross-border payments in the Eurozone, both for individuals and businesses.

The ECB is currently consulting with the public and private stakeholders to determine the potential benefits, risks, and design features of the digital euro. It is also exploring the legal and technical aspects of the project. It is expected that the digital euro will be ready for use by the end of 2023.

Amélioration de l’utilisabilité et de l’expérience utilisateur des DApps

Les DApps (applications décentralisées) sont des applications développées sur une blockchain qui fonctionnent décentralisément, sans aucune autorité centrale. Les DApps sont souvent développées pour fournir une plus grande transparence et une meilleure sécurité, car leurs données sont stockées sur la blockchain. Les DApps offrent également des avantages tels que l’anonymat et la protection des informations personnelles. Cependant, les DApps présentent des défis en matière d’utilisabilité et d’expérience utilisateur. Les développeurs de DApps doivent prendre en compte les bonnes pratiques et les règles UX pour améliorer l’utilisabilité et l’expérience utilisateur des DApps.

Chez Bitcoin Formula, nous comprenons l’importance d’améliorer l’utilisabilité et l’expérience utilisateur des DApps et nous travaillons à rendre nos produits aussi faciles et efficaces à utiliser que possible.

Qu’est-ce qu’une DApp?

Une DApp est une application décentralisée qui fonctionne sur une blockchain. Les DApps sont développées pour fournir une plus grande transparence et une meilleure sécurité, car leurs données sont stockées sur la blockchain. Les DApps sont souvent développées pour fournir des services tels que les services financiers, les jeux, la gestion des identités et les applications de médias sociaux.

Les avantages des DApps

Les DApps offrent de nombreux avantages tels que l’immuabilité, la résistance aux attaques, la sécurité, la confidentialité et l’anonymat des utilisateurs. Les DApps peuvent également offrir des fonctionnalités supplémentaires telles que la suppression des données, la gestion des identités et la prise en charge des contrats intelligents.

Les défis de l’utilisabilité des DApps

Bien que les DApps offrent de nombreux avantages, elles présentent également des défis en matière d’utilisabilité et d’expérience utilisateur. Les développeurs de DApps doivent prendre en compte divers facteurs tels que la convivialité et l’intuitivité, la facilité d’utilisation et la sécurité, et s’assurer que l’utilisateur a une expérience fluide et agréable.

Règles UX pour les DApps

Pour améliorer l’utilisabilité et l’expérience utilisateur des DApps, les développeurs doivent prendre en compte diverses règles UX lors du développement des DApps. Ces règles comprennent l’efficacité, la facilité d’utilisation, la communication, la convivialité, la fiabilité et la sécurité. Les développeurs doivent également mettre en œuvre des tests approfondis et des tests A/B pour s’assurer que leurs DApps offrent la meilleure expérience utilisateur possible.

Amélioration globale de l’expérience utilisateur

Les développeurs de DApps doivent améliorer l’expérience utilisateur globale de leurs applications en veillant à ce que les utilisateurs puissent trouver facilement les informations dont ils ont besoin et interagir avec l’application de manière fluide et intuitive. Les développeurs doivent également s’assurer que l’application fonctionne de manière fiable et sécurisée et qu’elle offre une expérience utilisateur cohérente.

Amélioration de l’interface utilisateur

Les développeurs de DApps doivent améliorer l’interface utilisateur de leurs applications en veillant à ce que l’interface soit intuitive et facile à naviguer. Les développeurs doivent également s’assurer que les informations sont présentées de manière claire et concise et que les utilisateurs puissent interagir avec les fonctionnalités de l’application de manière fluide et intuitive.

Amélioration de l’interaction avec les utilisateurs

Les développeurs de DApps doivent améliorer l’interaction avec les utilisateurs en fournissant des ressources et des outils de soutien à l’utilisateur, en facilitant la communication et en fournissant des moyens pour les utilisateurs de signaler des problèmes et des suggestions. Les développeurs doivent également s’assurer que les utilisateurs peuvent facilement obtenir des informations sur la manière de résoudre leurs problèmes et de profiter des fonctionnalités de leurs applications.

Amélioration de la sécurité et de la confidentialité

Les développeurs de DApps doivent s’assurer que leurs applications sont sûres et sécurisées, en mettant en œuvre des mesures de sécurité telles que l’authentification à deux facteurs et la protection des données. Les développeurs doivent également s’assurer que leurs applications protègent la confidentialité des utilisateurs.

Résoudre les problèmes techniques

Les développeurs de DApps doivent s’assurer que leurs applications sont stables et fiables et qu’elles fonctionnent sans problème. Les développeurs doivent également s’assurer de résoudre rapidement les problèmes techniques et de les signaler aux utilisateurs.

Conclusion

Les DApps offrent de nombreux avantages, mais elles présentent également des défis en matière d’utilisabilité et d’expérience utilisateur. Les développeurs de DApps doivent prendre en compte diverses règles UX et améliorer l’interface utilisateur, l’interaction avec les utilisateurs et la sécurité et la confidentialité de l’application. De plus, ils doivent s’assurer de résoudre rapidement les problèmes techniques et de signaler les problèmes aux utilisateurs.

Secure Your Digital Assets: SEC Mandates Digital Wallet Management System

• The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers‘ assets.
• Digital asset providers are required to communicate with the commission on policies and guidelines it implemented for overseeing risk management and management of digital wallets.
• Digital asset providers are requested to outline the policies and procedures guiding the design, development and management of digital wallets, as well as have contingency plans in case of events that compromise their digital wallets and private keys.

The Securities and Exchange Commission (SEC) of Thailand has recently issued three sets of requirements for digital asset providers/exchanges to establish an efficient digital wallet management system. This is done to ensure the safety of customers‘ assets and protect them from malicious events or breaches.

The SEC has mandated all digital asset providers in the region to fully comply with the regulations by communicating with the commission on policies and guidelines it implemented for overseeing risk management and management of digital wallets. Furthermore, they are requested to outline the policies and procedures guiding the design, development and management of digital wallets. These policies and procedures must include details on how private keys are created, maintained and accessed when needed.

Digital asset providers are also required to have clearly defined contingency plans in case of events that compromise their digital wallets and private keys. This is to ensure that the exchange is able to quickly recover any losses and protect the assets of their customers. Additionally, the SEC has stated that a thorough securities audit and digital forensic investigation should be conducted in the event of a system breach.

Overall, the SEC’s regulations are to ensure the security of digital assets and protect customers from any malicious events or breaches. By following these regulations, digital asset providers can ensure that their customers‘ assets are safe and secure.

Terraform Labs: Albright Capital Voluntarily Drops Lawsuit Against Execs

• Investment firm Albright Capital voluntarily dropped its lawsuit against Terraform Labs and its executives including Do Kwon
• The lawsuit had accused Terraform Labs of deceptively promoting UST, LUNA, and related Terra cryptocurrencies
• 3AC co-founder Zhu Shu brought attention to the voluntary dismissal of the class action

Investment firm Albright Capital has recently moved to voluntarily dismiss its class action lawsuit against Terraform Labs and its executives including Do Kwon. Terraform Labs had been accused of deceptively promoting UST, LUNA, and related Terra cryptocurrencies as well as withdrawing funds from the Terra ecosystem for their personal gains.

The lawsuit was first filed in May 2022 following the historic collapse of Terra. In addition to Terraform Labs and Do Kwon, other defendants named in the dismissal motion included Luna Foundation Guard, Delphi Digital, Jump Trading, Nicholas Platias, Jose Macedo, Kanav Kariya, and Remi Tetot.

The voluntary dismissal of the class action motion was brought to the public’s attention by Three Arrows Capital (3AC) co-founder Zhu Shu. On Jan 10, Zhu Shu tweeted “Curious how long it will take cryptonative media to report on this sudden voluntary dismissal of class action again”.

Just one day later, Albright Capital officially moved to dismiss the class action lawsuit against Terraform Labs and its executives without prejudice. It is not yet clear why Albright Capital has voluntarily dropped the lawsuit.

The news of the voluntary dismissal of the class action lawsuit against Terraform Labs has been met both with caution and optimism. While some remain wary of the situation given the lack of clarity surrounding the reasons for the drop, others are hopeful that this could be the first step towards rebuilding the Terra ecosystem.

For now, investors and the crypto community alike will have to wait and see what the future holds for Terraform Labs and the Terra ecosystem. It will be interesting to observe the progress of the case and whether the situation will improve in the coming weeks and months.

Indian Crypto Exchanges Lose 97.1% Trading Volume: $1.2 Trillion at Risk

• Indian crypto exchanges lost around 97.1% of their trading volume between January and October 2022.
• Between February and October, around $3.85 billion in trading volume fled from Indian exchanges to foreign counterparts.
• Indian CEXs lost 15% in trading volume between the tax announcement and its implementation, and another 14% in trading volume between April and June.

Cryptocurrency exchanges in India have seen a sharp decline in trading volume since the country announced a 30% crypto tax levy in February 2022. A new research study conducted by Indian technology policy think tank Esya Centre reveals that the cumulative trading volume on Indian exchanges has dropped from around $4.73 billion in January to just $137.6 million by October 2022.

The study also revealed that between February and October 2022, around $3.85 billion in trading volume fled from Indian exchanges to foreign counterparts such as Binance, Coinbase, and Kraken. The sharp drop in trading volumes of India’s centralized exchanges (CEXs) came after India announced a steep 30% tax on all crypto transactions on February 1, 2022. The tax came into effect on April 1.

The research showed that in the period between the tax announcement and its implementation, trading volumes on Indian exchanges dropped by 15%. After the tax was implemented, Indian CEXs lost another 14% in trading volume between April and June. Around $3.05 billion in trading volume — 80% of the $3.85 billion in total trading volume that was lost during this period — was shifted to foreign exchanges.

The study estimates that if India’s crypto tax continues to be in effect, the country’s CEXs could lose a total of $1.2 trillion in trading volume by 2026. This could be a major blow to the crypto industry in India, as the country has emerged as a major crypto hub in recent years.

Given the magnitude of the impact of India’s crypto tax, industry experts are now calling on the government to reconsider the tax structure and come out with more investor-friendly policies. The crypto industry in India is still in its nascent stages and any significant policy changes could have a major impact on its development. It remains to be seen how the Indian government will respond to the situation and what measures it will take to ensure that the crypto industry in the country remains vibrant and competitive.

Crypto Community Rejoices as BONK Airdrops 50% of Tokens

• Solana-based memecoin BONK airdropped over 50% of its total supply across 25 holders out of roughly 98,000 holders of the coin.
• BONK is up 380% since the start of the new year and has yet to post an official link to its Whitepaper.
• 20 trillion tokens of the 52 trillion were airdropped to 20 accounts on Dec. 16, 2022, while 15 trillion were sent to BONK DAO (decentralized autonomous organization) on Dec. 28, 2022.

The Solana-based memecoin BONK recently airdropped over 50% of its total supply to the top 25 holders out of roughly 98,000 holders of the coin. This is a remarkable feat as the project has yet to release an official whitepaper. Despite this, BONK has experienced an impressive 380% surge in value since the start of the new year.

The airdrop of BONK tokens occurred on two separate occasions. On December 16th, 2022, twenty trillion tokens were distributed to 20 accounts. This was followed by a second airdrop of 15 trillion tokens to the BONK DAO (decentralized autonomous organization) on December 28th, 2022. The remaining nine trillion tokens were airdropped to an address on January 3rd.

BONK has been listed on two major exchanges since its airdrop. On January 3rd, it was listed on Huobi, and on January 4th, it was listed on Gate.io.

It is unclear why BONK has gained such popularity without an official whitepaper, however, the project has been met with considerable enthusiasm from the crypto community. It is yet to be seen whether BONK will maintain its value and become a viable crypto asset in the future.

Profit Builder: Is it reliable?

Profit Builder: Is it reliable? To this day, questions about the legitimacy of Profit Builder fuel debates among internet users. And when you look at this investment platform, you are immediately struck by the 200% returns it claims to guarantee within 10 hours of trading.

We’ve done a thorough analysis of this investment programme and have noted that there are mixed reviews on the web. On the one hand, some websites and forums believe that the system is unreliable, and on the other hand, we discovered that Profit Builder actually exists.

In our test, we found that the application is secured by certain protocols, but we did not find this application legitimate.

We found very worrying reviews from online users claiming that they lost all their investments using this application.

Therefore, we recommend that you stay away from this application and try a more reputable software such as Bitcoin Trader if you want to trade crypto currency online.

What is Profit Builder?

What is Profit Builder? Apparently developed by https://www.indexuniverse.eu/profit-builder-review/ and other cryptocurrency experts, Profit Builder is an automated trading platform that claims to be able to multiply your bitcoins. It claims that its customers manage to earn 100 times the value of their deposits without human intervention.

The system is available full time and provides automated payments 10 hours after the transaction. According to Profit Builder, all you need to do is invest between 0.02 and 10 BTC to build a passive income wallet.

According to this system, investors do not need to be real financial professionals. It apparently does everything for them.

How does the Profit Builder system work?

How does the Profit Builder system work?
The way Profit Builder works is quite simple, but mysterious. It does not require any human intervention as is the case with some automated trading robots such as Bitcoin Code or Bitcoin Revolution.

In fact, the investment platform’s system apparently predicts the price of BTC based on crypto trades and blockchain transfers made by the investor. The servers take care of opening and closing trades while supposedly doubling your bitcoins after analysing the difference in transaction prices and fees.

To do this, you need to transfer the tokens to the BTC address provided by the platform. You do not need to provide any banking or personal details. The proof of deposit appears to be a unique transaction ID that is generated after the funds are transferred. As soon as your deposit appears on the trading table, you should expect your double BTC within 10 hours after the end of the trading session.

eToro Copytrader Erfahrungen mit Copy Trading

Der eToro Copytrader, die Erweiterung des Openbook, wurde 2011 eingeführt. Dieses Trading-Tool ist absolut revolutionär. Mit dem Copy Trading können Sie anderen Händlern folgen und alle ihre zukünftigen Trades mit nur einem Mausklick kopieren. Um andere FX-Händler zu kopieren, starten Sie das eToro OpenBook und überprüfen die Rankings anderer Händler. Wenn Sie der Meinung sind, dass eine Person sehr erfolgreich ist (und dies auch in Zukunft sein sollte), dann klicken Sie darauf und können einen Betrag von bis zu 20 % Ihres Vermögens auf ihn oder sie setzen. Wenn Sie $ 1.000 einsetzen und dieser Händler eine Position mit 15% seines Vermögens eröffnet, dann setzen Sie fast gleichzeitig und automatisch $ 150 auf dieselbe Position. Sie können bis zu zehn erfolgreichen Händlern folgen.

Das klingt sehr verlockend. Anstatt ständig Nachrichten zu lesen und zu versuchen, Schlussfolgerungen zu ziehen, und viel Zeit mit der technischen Analyse von Kursbewegungen zu verbringen, kopieren Sie einfach erfolgreiche Händler. Ihre Aufgabe reduziert sich also darauf, erfolgreiche Händler zu identifizieren und dann deren Aktionen mit dem Copy Trading zu kopieren. Das klingt fast so, als könnten Sie den besten Schachspieler der Welt kopieren und jede Partie gewinnen.

Das Problem ist, dass „wenn etwas zu gut klingt, um wahr zu sein, ist es das wahrscheinlich auch“. Es gibt keine risikofreien Gewinne, und kein Werkzeug macht Sie reich, während Sie schlafen. Lesen Sie weiter, um mehr über die Erfahrungen zu erfahren, die wir mit dem eToro Copytrader gemacht haben.

Können Sie mit dem eToro Copytrader Geld verdienen? Unsere Erfahrungen

Wie vielleicht auch Sie, waren wir absolut begeistert, als wir zum ersten Mal von dieser sozialen Handelsplattform von eToro hörten. Das einfache Kopieren erfolgreicher Trader schien ein einfacher Weg zu sein, um viel Geld zu verdienen, ohne dass wirkliche Arbeit dahintersteckt. Aufgrund schlechter Erfahrungen in der Vergangenheit, haben wir kein echtes Geld eingezahlt, um den eToro Copytrader zu testen. Stattdessen eröffneten wir einfach ein kostenloses Demokonto bei eToro und nutzten das Spielgeld von 10.000 Dollar, um unsere eigenen Erfahrungen mit dem Copy Trading zu machen. Am Anfang haben wir viel Zeit damit verbracht, die wirklich erfolgreichen Trader zu finden. Uns war es wichtig, nicht die Trader mit dem höchsten Gewinn auszuwählen, sondern die Trader zu kopieren, die über einen langen Zeitraum kontinuierlich Geld verdient haben. So haben wir am Ende 10 Trader kopiert. Wir haben ihnen Beträge zwischen $ 500 und $ 2000 zugeteilt, und wir haben nur drei Viertel unserer $ 10.000 insgesamt verwendet. Das Ergebnis mehrerer Monate, in denen wir anderen großen Händlern folgten, war ein Verlust von fast $ 2.000.

Trotz der sorgfältigen Auswahl der besten Trader hatten wir einen Verlust von 2.000 $ zu verzeichnen, d.h. weniger als 20% des gesamten Kapitals in wenigen Monaten. Bezogen auf das eingesetzte Kapital betrug der Verlust sogar 27%. Wie ist das möglich? Wir zeigen Ihnen einige Gründe, warum unser Test mit dem eToro Copytrader nicht erfolgreich war (und wahrscheinlich waren wir nicht die Einzigen, die Geld verloren haben, auch wenn es sich nur um Geld von einem Demokonto handelte). Aber lassen Sie uns zunächst einen Blick auf einen der meistkopierten Händler werfen und später über eine bekannte Finanzmarkttheorie sprechen.

Bitcoin reaches new all-time high at 51,300 US dollars

Bitcoin reaches new all-time high at 51,300 US dollars: „historic“ parabolic rise

Bitcoin is climbing into new territory. The bulls are trying to establish US$50,000 as support and want to make this level the „new normal“ in the BTC/USD pair.

Bitcoin (BTC) reached a new all-time high of over US$51,200 on 17 February. Trader Peter Brandt confirmed that this was a „parabolic rise“.

Bitcoin climbs into never-before-reached US$50,000 range

Data from Cointelegraph Markets and TradingView showed that the BTC/USD pair once again surpassed resistance at US$50,000 on Wednesday, this The News Spy time pushing deeper into uncharted territory.

On Tuesday, Bitcoin had reached US$50,000 for the first time ever. However, it could not hold this level for more than a few minutes.

According to analysts, the fact that it is now climbing so high again shows that the largest cryptocurrency is in a „parabolic rise“. This is the fourth in its 12-year history.

„$BTC Bitcoin is going through its third parabolic rise in the last decade,“ Brandt tweeted, complete with annotated price chart.

„A parabolic rise on an arithmetic scale is extremely rare. Three on a logarithmic scale is historic.“

Dan Held, the head of growth at Kraken, noted that if you count the initial period before 2012, there have actually been four parabolic rises.

Brandt added that should this rise fail, a correction of 80 per cent would be the „most common“ bearish consequence. Such behaviour was seen in 2018 after Bitcoin peaked at just under US$20,000. A year later, the market bottomed at US$3,100.

A „new normal“?

As Cointelegraph reported, several indicators nevertheless suggest that Bitcoin is far from failing with its uptrend and is at the beginning rather than the end of its bull run.

„US$50,000 is the new normal for #Bitcoin,“ Blockstream CSO Samson Mow said on Wednesday.

Discussing the new highs, other people also said macro factors could come together to trigger a chain reaction in terms of acceptance. That would drive Bitcoin even further into price discovery.

„If you think US$50,000 per bitcoin is expensive, wait until you see that the government is about to pull US$1,900,000,000,000 out of thin air just like that,“ the popular Twitter account Documenting Bitcoin added.

Meanwhile, the data showed that Bitcoin’s surge in recent days has taken the momentum away from altcoins. All the top 10 cryptocurrencies, except Polkadot (DOT), are currently stagnant.