When it comes to NFTs, cryptocurrencies and the blockchain technology supporting them, the news is not so great. Trading volumes of NFTs have plummeted by about 97% since its January high when it recorded a whooping $17.2billion worth of sales. Now, the phrase, ‘are NFTs’ in Google’s search bar w…
Tag Archive for cryptocurrency
Gucci Now Accepts Cryptocurrency at Physical Retail Stores
Gucci has recently announced that it would start accepting cryptocurrencies at select stores in the US, and while this might appear to be yet another announcement from a luxury brand, it is a rather significant event in both the luxury and crypto worlds. Luxury brands and the virtual space Luxury…
New Study reveals Metaverse will be worth Billions by 2026. Luxury Brands are taking Note, and so should You
In today’s edition of what’s buzzing in our alternate reality, aka the metaverse, a new report published by Global Industry Analyst Inc., (GIA) a market research company, has revealed that the global market for the metaverse, currently estimated at 194.4 billion dollars, is projected to reach 758…
Bitcoin takes its Place on the NYSE… As an ETF
For the first time ever, Bitcoin will begin trading on the New York Stock Exchange (NYSE) as an exchange-traded fund (ETF) following the approval of Proshares’ ETF which will operate under the ticker symbol ‘BITO’. The ETF will invest primarily in bitcoin futures contracts and will not directly i…
This Electric Vehicle Allows You Mine Cryptocurrency While You’re Parked
It is not news that the future of the automobile industry is the EV – a car that uses electricity as its source of energy. Currently, the focus is to create vehicles that can go longer distances on a single charge while charging fast enough to avoid delays. But one brand is thinking further…
Cryptocurrency Might be Taking over Cross-Border Transactions in Africa
Monthly cryptocurrency transfers to and from Africa of under $10,000 – typically made by individuals and small businesses – jumped more than 55% in a year to reach $316 million in June, the data from U.S. blockchain research firm Chainalysis shows. The number of monthly transfers also…
Boom or Bust? The Freewheeling World Of Crypto-Lending
It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could go wrong? That’s the proposition presented by “DeFi”, or decentralised finance, peer-to-peer cryptocurrency platforms that allo…
Scam or Nay? TikTok-Inspired Dogecoin Surge
The world of bitcoin and cryptocurrencies was set alight last week by the sudden surge of dogecoin—a “joke” cryptocurrency that’s doubled in value in the last two days thanks to videos posted on controversial China-based app TikTok. Dogecoin, a tongue-in-cheek bitcoin rival name…
Can Blockchain Transform the Luxury Industry?
A growing number of players in the luxury industry like Vacheron Constantin, LVMH and Farfetch are embracing blockchain technology, marking a significant shift in the market towards the use of new technologies that could have far-reaching implications. Last month, Farfetch revealed it was joining…
Blocktails are the New Cocktails: Blockchain Technology Is Pushing Boundaries
You’re sitting at the bar, sipping your cocktail – let’s say it’s a classic Old Fashioned, lustrous bourbon poured over sugar muddled with bitters, a twist of orange peel resting on a dense block of ice – it’s a thing of beauty. But have you ever wondered about the true costs implicit in your enj…