Central bank digital currencies: The digital pound - cyptoranking.com

2024-04-28

Popular crypto exchanges(2023 Update) 2024-04-28
Image: cyptoranking.com

General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.SHIB Burn Explained: Everything to Know About Shiba Inu Coin Burning Image Source: UnsplashItalian luxury watch manufacturer Panerai has revealed plans to include an NFT-based "digital passport" with every watch sold after October 3. The Panerai digital passport will serve as a record containing detailed information about each timepiece, establishing its digital identity and providing proof of authenticity at the time of purchase.To implement this blockchain-powered digital passport, Panerai has partnered with Arianee, a Web3 solutions provider. The luxury brand will showcase this initiative at the upcoming Watches and Wonders fair in Shanghai.The transferable nature of the passport allows it to be passed on to subsequent owners, documenting the watch's technical specifications and its journey throughout its lifespan. Panerai's NFT Passport Extends International Limited Warranty Panerai's NFT passport offers an additional advantage to holders by extending the international limited warranty of their watch for up to eight years, incentivizing registration. The company, with its 163-year heritage, anticipates that this functionality will open doors to "further value-added services and advantages."Panerai initially integrated Arianee's technology in March 2022 for a limited edition of its Radiomir Eilean Experience watch. This exclusive release included a one-of-a-kind NFT artwork and featured evolving content, with the digital passport playing a role in the artistic and experiential aspect of the offering. At that time, Panerai expressed its intention to expand the digital passport functionality to all its watches. Now, with the broader rollout, the focus is on the utility and enhanced customer experience, aligning with the luxury industry's current Web3 outlook.“Committed to elevating the client experience, we continually adapt and innovate to align with the changing times,” Panerai CEO Jean Marc Pontroué, said in a statement. “We firmly believe that digital identities are poised to transform possession of valuable assets, enabling our clients to trace the lifecycle of their watches, prove authenticity, and benefit from bespoke services tailored to each timepiece.”Watch owners can claim their digital passports either at the time of purchase from Panerai boutiques or by scanning a QR code on the warranty card. Arianee has established strong ties with the luxury watch industry, having collaborated with watchmaker Breitling on digital IDs as early as 2020. The company also works with renowned brands such as L'Oreal, Moncler, Lacoste, and the Richemont Group as a whole.Luxury Brands Adopt NFTs to Fight CounterfeitingPanerai's new feature comes as luxury brands are increasingly turning to NFTs to ensure the legitimacy of products. As reported, Prada Group, the parent company of Miu Miu, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products.The Aura Consortium's blockchain technology enables customers to verify products by accessing a digital certificate of authenticity. Customers can tap their smartphones on items like Maison Margiela Tabi shoes, which contain embedded NFC chips. The chip then directs the phone to a website where the company provides an authenticity certificate, along with information about the product's origin. Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT's Making a Comeback? Central bank digital currencies: The digital poundFormula E: High Voltage promotional artwork. (Formula E: High Voltage) Customers will be able to withdraw their funds until Jan. 8, though after that “customers must deactivate their Bitstamp accounts.”

Exchange Rankings Crypto
Image: cyptoranking.com

In a significant development for the decentralized finance (DeFi) ecosystem, OKX Wallet has announced its integration with Morpho Protocol, a cutting-edge lending pool optimizer. This integration aims to empower crypto users with improved rates for both suppliers and borrowers while maintaining liquidity and risk parameters. Allowing individuals and organizations to get started in bitcoin mining quickly. It eliminates the need for costly and sophisticated hardware configurations, as well as one’s energy consumption. Thomson Reuters to move forex derivatives out of London to Dublin after Brexit: FTThe six-person team is based out of Singapore and brings a wealth of experience. For example, the group has over 100 academic publications in Graph Analytics and Federated Learning. Brazilian police officers and Interpol have swooped on a gang of suspected gun-toting crypto thieves, arresting seven people.

That same month, financial app Curve added a feature allowing customers to transfer crypto rewards from merchant transactions to their digital wallets — a step toward self-custody. FT has outpaced DeFi majors like Lido, Maker and Aave in daily rev/tvl since launch by a factor of over 100…Revenue / TVL indicates both an optimized business model execution while also acting as a predictive indicator of a platform’s ability to generate sustainable revenue. Huobi.com-Important Announcements-New Coin Listing- ...Eddie Yue Wai-man, CEO of the Hong Kong Monetary Authority, added that e-HKD could be used in different areas like programmable payments and new regions like tokenized deposits and tokenized assets. Officials in Hong Kong have expressed apprehensions regarding unregulated cryptocurrency platforms. These platforms, characterized by a lack of transparency, reliability, and safeguards, pose significant financial risks to investors in the event of disputes, platform failures, or fraudulent activities.

“This is like a big unlock, in my opinion, for what people can build, that’s what we want to do,” Nazarov said. “We don’t make any end-user applications, we just make the infrastructure.”Optimism devs tackle bad actors with fault-proof system testnet launch Founded in 2012, Improbable raised $704 million in seven rounds. Buy Ethereum (ETH)|Buy ETH with Fiat,EUR & USDEthereum Price Chart 1 Month. Source: BeInCrypto By May, BRC-20 tokens, mostly memecoins, that had been developed on Bitcoin exceeded a collective market value of $900 million.

Have an opinion on this story? Share it!