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 blockchain
Prada debuts its First Fine Jewellery Collection, and it is more than Just Beautiful Accessories
There is a first time for everything, and for Prada, the time has come for it to launch its first fine jewellery collection. Dubbed Eternal Gold, this new jewellery line is more than a combination of dazzling stones and precious metals. Like the latest jewellery drop from Louis Vuitton, the LV Di…
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…
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…
LVMH, Cartier and Prada Adopt Blockchain to Fight Counterfeits
As counterfeits continue to flood the market, LVMH, Cartier and Prada are joining forces to offer a blockchain solution for their customers seeking an extra seal of authenticity for the goods they’re buying. The alliance of the world’s largest luxury goods brands plans to make a blockchain-enable…
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…
Sekunjalo to Develop an Africa-Wide Blockchain-Enabled Business Ecosystem
CAPE TOWN – Sekunjalo Investment Holdings has partnered with a leading company in China, Ultrain, to build a pan-African public chain that would create an Africa-wide blockchain-enabled business ecosystem, the African Chain 3.0. The system went live on November 11. Ultrain is a public blockchain …
Cybersecurity Should be Top of Mind for Financial Firms
From blockchain to connectivity via APIs (application programming interface), the financial industry is undergoing a digital transformation where processes are being automated and streamlined to provide a better customer experience. While the industry has made strides in adopting technology-based…
Digital Disruptors Are Impacting the Luxury Market
Consumer activism, behavioural changes and technology are all forcing luxury players across the board to re-think almost every business model. It is becoming increasingly difficult to keep up with competitors and understand how and why the industry is evolving the way it is and how they can balan…