The world-renowned luxury brand Gucci will accept cryptocurrency payments by the end of this month and plans to roll it out to direct-operated North American stores this summer, according to Vogue Business. There are currently only five stores in the pilot, in Wooster Street in New York, Rodeo Drive in Los Angeles, the Miami Design … Continue reading Gucci to Accept Cryptocurrency Payments in US
Italian fashion brand Gucci has announced that it has started accepting ApeCoin (APE) as one of the payment options. According to the company, the addition of ApeCoin was made possible with the aid of its crypto payments partner, BitPay. The service is only available to select stores in the United States now. ApeCoin is the … Continue reading Luxury Fashion Brand Gucci Now Accepts Payment in ApeCoin
The London Hardfork or EIP 1559 upgrade that got activated in August seems to have boosted Ethereum’s performance in the last 30 days. Market analyst under the pseudonym Crypto Gucci explained: “Ethereum outperformed all traditional markets in the past 30 days. Over 3.6 billion total value locked (TVL) in ETH’s Layer 2. Ethereum is doing … Continue reading Ethereum Leads ahead of Traditional Markets Performance over the Past 30 Days
The explosion in popularity of non-fungible tokens (NFTs) topped its sales to some $25 billion in 2021, data from market tracker DappRadar showed. Reports showed that prices of some NFTs rose at high-speed last year that speculators sometimes ‘flipped’ them for a profit within days. Although the growth of NFTs was monumental, DappRadar also reported … Continue reading Total NFT Sales Hit $25B in 2021
HSBC Bank announced Wednesday a partnership with The Sandbox, a blockchain gaming platform, to build its presence in the Hong Kong-based company’s metaverse. Through the partnership, HSBC acquired a plot of LAND, virtual real estate in The Sandbox metaverse, which it will develop to engage, entertain, and connect with sports, esports and gaming enthusiasts. The Sandbox is … Continue reading HSBC Enters Metaverse Space through Collaboration with the Sandbox
Capturing all the hype from Thailand, a number of popular Thai influencers have shared their keen interests in the MetaBunny NFT project. The NFT project created by HKD.com has certainly gained handsome traction in the Thai NFT community lately, with different crypto-influencers spreading the awareness of MetaBunny and conducting project reviews on the MetaBunny Project. … Continue reading MetaBunny NFT gaining traction in Thailand
Following Gucci’s footsteps, French luxury fashion house Balenciaga has announced plans to accept crypto payments in selected U.S. stores and its online platform balenciaga.com. The flagship stores in the U.S. will include branches at Rodeo Drive in Beverly Hills and Madison Avenue in New York. Later on, the option of crypto payment will be launched … Continue reading French Luxury Giant Balenciaga Rolls Out Crypto Payment Options
TAG Heuer, a Swiss luxury watchmaker that designs, manufactures, and markets watches and fashion accessories, announced on Friday that it will allow customers to purchase products using cryptocurrency payments. The luxury watchmaker named Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Shiba Inu, and the five USD-pegged stablecoins as some of the major cryptocurrencies that consumers can … Continue reading Luxury Watchmaker TAG Heuer to Accept Crypto Payments
PCCW and HKT have become the first Hong Kong-based communications, media and technology (CMT) organisations to join the metaverse following a partnership with The Sandbox. The two companies have purchased virtual land in Mega-City – the Hong Kong-inspired neighbourhood in The Sandbox – and they are set to launch the world’s first virtual 5G mobile … Continue reading PCCW, HKT Becomes 1st Hong Kong-based CMT to Join the Metaverse
With the current drastic plunge, investors have been concerned about the future of cryptocurrencies. Several industry experts had a recent conversation with CNBC media where they tried to explain the outlook of the crypto market. Most market experts agree that many of the currently existing 19,000 cryptocurrencies and dozens of blockchain platforms will disappear in … Continue reading Experts Suggest Merely Tokens Might Survive after LUNA's Collapse