Thailand Has Now Licensed 13 Cryptocurrency Service Providers-Regulation Bitcoin News - cyptoranking.com

2024-05-10

Popular crypto exchanges(2023 Update) 2024-05-10
Image: cyptoranking.com

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? However, as years passed on, industries and individuals found it to be beneficial. As the smart contract became closely associated with blockchain, the demand started to rise for the automated computerized program. This cutting-edge technology also created a new market for smart contract blockchain platforms. Thailand Has Now Licensed 13 Cryptocurrency Service Providers-Regulation Bitcoin NewsXRP Price Prediction: Will Breakout Above $0.55 Occur? You might also like: Stablecoin market cap down 35% 18 months after Terra collapse

Exchange Rankings Crypto
Image: cyptoranking.com

An important differentiator, Meilich added, is Big Time’s status as the most streamed PC web3 game on Twitch with over 2500 streamers having played its pre-alpha, and a large footprint in critical markets like Japan. The report published on Thursday revealed that 18% of investors based in China allocated funds ranging from $50,000 to $100,000, while an additional 19% invested amounts between $100,000 and $500,000 in cryptoassets. Buy Bitcoin instantly with debit or credit card in the UKCustomize: Go beyond the ordinary with a multitude of customization features that Torque Drift 2 offers. Every achievement you earn gets immortalized through the secure and transparent blockchain technology. Numerous hypotheses could be formulated to explain the on-chain activity of the FTX hacker, but there seems to be no reason for converting ETH into a wrapped version of Bitcoin other than anticipating higher returns in fiat currency terms. Despite the recent increase in Ether's supply, its price trend against Bitcoin has been unfavorable since November 2022.

Whether to ensure the proper management of the patient’s data or to track the handling of medical supplies, smart contracts on the blockchain network are one of the best technologies in this situation. Smart contracts will also ensure that the costs are cut down on the paperwork. Providing the data at a moment’s notice will also reduce the overall time. Lawmakers have introduced a number of bills to regulate crypto, though none have yet become enacted. Two bills, one that would regulate stablecoins, and another that takes a comprehensive approach at creating a regulatory framework for crypto, passed through a House committee over the summer and await a full House vote and a tough Senate vote. cryptocurrency onecoinThe Chinese government and the PBOC have been pushing for adopting the digital yuan in several payment scenarios across China. In September, the PBOC implemented a QR-based interoperable standard compatible with multiple payment systems, including the digital yuan. Jinan implemented digital yuan payments for transportation fares after conducting a limited pilot in July. Along with VCs, companies and individuals are also preferring AI to crypto.

Yuga Labs Announces Workforce Reduction Amid NFT Market Slump These adjustments come in response to the “rules for marketing crypto-assets” outlined by the regulator in June and set to take effect today, October 8. How Can a Student Make Money from a Crypto Exchange?“This would imply a 10% ETF share for bitcoin and ETH market cap, and 5-6% share for liquid crypto hedge funds,” they wrote. Crypto mining is not dead, but the crypto and blockchain sector is quite clearly favoring Proof-of-Stake at the moment. Of course, the biggest exception here is Bitcoin, which will likely keep its Proof-of-Work consensus mechanism for as long as possible.

Have an opinion on this story? Share it!