What To Know About Cryptocurrency and Scams - cyptoranking.com

2024-05-12

Popular crypto exchanges(2023 Update) 2024-05-12
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? Lower operational costs What To Know About Cryptocurrency and ScamsMeanwhile, ProShares and Bitwise Asset Management launched multiple ether-related ETFs Monday. “But then you look at some of these new tech stacks that are emerging — and it’s just such an exciting time to actually be building in consumer crypto.”

Exchange Rankings Crypto
Image: cyptoranking.com

Contrasting investment habits across surveyed countries Earlier this week, the floor price of Lil Pudgy Penguins NFT collection, an extension of the Pudgy Penguins NFT collection, saw a notable increase in the floor price and reached a new high of $788 (0.48 ETH). Lil Pudgy Penguins is a collection of 22,222 additional NFTs. What Is A Cryptocurrency Presale?“We are evaluating multiple opportunities for our next 5 exahashes of hash rate capacity including international locations with low-cost renewable energy.” Interestingly, the narrative that Bitcoin’s Lightning Network would be used for micropayments is very much alive. Today’s report indicated that 25% of all network activity happens between 1-10 sats (or $0.0002), which has mostly gone to gaming and streaming. A second 25% occurs in the 10-1,000 sat range (and is mainly related to tipping), whereas anything from 10,000 up seems to be for commerce, remittance, and node rebalancing.

The testimony could offer the most in-depth and potentially damaging revelations about FTX and Alameda’s financial dealings. The Block: What are you expecting in terms of the calendar. What's the timeline that you're running with, in terms of when we could see some kind of a decision? How to Buy Bitcoin in Australia-Beginner's GuideThe group also reportedly stole jewelry, electronic devices, and cash. Wong’s own background is the art world—she’s been chief curator of the Hong Kong Design Festival for some 10 years—and she approaches Fabrix in a similar way. She works with the French FHCM (Federation de la Haute Couture et de la Mode) and the BFC (British Fashion Council), whose judgment she knows she can trust when it comes to selecting a strong curation of candidates.

Crypto traders are known for their commitment to staying ahead of the market curve. That said, traders are notably shifting their attention to Chainlink (LINK), Sei (SEI), Bitcoin Spark (BTCS), and Luna Classic (LUNC) ahead of Q4 2023.Will Luna Classic recover?Despite being down, Luna Classic (LUNC) is certainly not out. However, its resurgence will be contingent upon several factors, including the successful execution of a burn program, active backing from the community, and the speed of protocol advancements. An encouraging sign is Luna Classic's development team's anticipation of a substantial core upgrade, known as v2.2.0, which is poised to implement a range of enhancements to the blockchain infrastructure and aid in its strategic objective of reducing USTC and LUNC supply. Additionally, the community has passed two proposals to burn 800 million USTC linked to the Ozone protocol, underscoring a collaborative effort to rejuvenate Luna Classic. What is Chainlink?Chainlink is a decentralized oracle network that plays a crucial role in bridging the gap between smart contracts on the blockchain and real-world data sources. This innovative platform allows smart contracts to access external information, such as price feeds, weather data, and more, in a secure and reliable manner. Chainlink's robust network of nodes ensures the accuracy and integrity of data, making it a trusted solution for various decentralized applications (DApps).What is Sei?Sei is a Cosmos-based layer-1 blockchain seeking to transform digital asset trading by importing the speed and ease that most centralized exchanges offer and combining it with the security and decentralization of blockchain technology. Sei is asset and application-agnostic, meaning it offers access to thousands of tokens across different blockchain applications in its ecosystem. What is Bitcoin Spark?Bitcoin Spark is a new blockchain project that aims to pioneer the next generation of cryptocurrency. It draws inspiration from Satoshi Nakamoto and thus has some similarities with Bitcoin, such as having a capped supply of 21 million BTCS. However, Bitcoin Spark assures faster and cheaper transactions due to its short block time, high individual block transaction capacity, and massive number of nodes.Additionally, Bitcoin Spark primes itself as a scalable platform for diverse smart contracts and decentralized applications (DApps). It has a multi-layered architecture that includes a smart contract layer with multiple execution systems that allow for high-level and low-level programming languages, all reaching finality on the main network. The Bitcoin Spark network has passed multiple smart contract audits, showcasing the security and sustainability of its systems.Furthermore, Bitcoin Spark introduces a groundbreaking consensus mechanism known as the Proof-of-Process (PoP). The PoP non-linearly rewards users for confirming blocks and contributing their processing power to the network. The Bitcoin Spark native application will enable Windows, Linux, Mac OS, iOS, and Android users to participate in validation by permitting access to their device’s processing unit. The project’s development team has made sure that the application is safe, lightweight, and easy to use.By renting out the contributed power effectively to organizations or individuals in dire need of additional computational capacity but limited by resources, Bitcoin Spark helps validators bring income from what would have otherwise been idle processing power. Payments for the decentralized CPU/GPU rental will be made in BTCS, giving the crypto a unique real-world application. Moreover, Bitcoin Spark will have small, unobtrusive slots for ads on its blockchain explorer and application. The ads will be community-policied, and advertisers will also be required to pay with BTCS. This provides an exciting way for businesses to reach their target audience while bringing income to the network’s participants, as they will receive 50% of the revenue generated plus additional incentives for policing the ads.Notably, the Bitcoin Spark Initial Coin Offering (ICO) surpassed $1.4 million in investments just five weeks after it started, suggesting great demand in the market. The ICO is currently in Phase 6 out of 10, selling BTCS at $2.75 and offering an 8% bonus. BTCS will launch at $10, suggesting a 393% profit for Phase 6 investors.ConclusionWhile Chainlink (LINK), Sei (SEI), Bitcoin Spark (BTCS), and Luna Classic (LUNC) have found favor among crypto traders, it’s essential to do your own research before making any commitments.To get more information on Bitcoin Spark:Website: https://bitcoinspark.org/Buy BTCS: https://network.bitcoinspark.org/registerSEC Defers Bitcoin ETF Verdict Again, While Ripple (XRP) Stagnates and InQubeta (QUBE) Presale Pulls Significant Funds “You can onboard easily. You put a username and password in and an email in.” If a user loses their password or email, he explains, the social recovery system will enable them to recover their funds. Decentralized-to-centralized exchange trade volume ratio sets new all-time high at 22%What Metrics to Consider? The IMF sees global economic growth of 2.9%, down 0.1% from this year despite several macro and geopolitical events that impacted growth this year. It cited the pandemic, Russia’s invasion of Ukraine, the breakdown of the world economy into blocs, and the central bank policy tightening as major reasons.

Have an opinion on this story? Share it!