Tokenising luxury assets is a game-changing development for the industry because it provides a way to preserve the value of luxury assets, protect them from counterfeiting, and create new revenue streams. By using dynamic non-fungible tokens (NFTs) and incorporating spectral fingerprinting technology, luxury watch brands can preserve the value of
Cryptocurrencies hog the spotlight, but blockchain’s biggest innovations are below the surface, saving billions each year for the world’s largest companies. Edited by Michael del Castillo and Matt Schifrin Reported by Maria Abreu, Nina Bambysheva, Justin Birnbaum, Lauren Debter, Michael del Castillo, Steven Ehrlich, Chris Helman, Katie Jennings, Jeff Kauflin
Bitcoin cryptocurrency search concept with magnifying glass on a yellow background. Close up.getty With the astonishing rise in the value of Bitcoin, Ethereum, and other digital assets crypto investors and enthusiasts may have serious tax questions on their minds. The Internal Revenue Service (IRS) is also stepping up enforcement efforts to ensure
#BLOCKCHAIN AFP via Getty Images Each day there are new headlines about cryptocurrency that concern many of us in the regulated financial sectors. From its volatility – both high and low – to lack of oversight, to conversations around decentralized finance, much of the larger narrative around cryptocurrencies seems like
An artist’s rendition of the future branding of the Staples Center in Los AngelesCrypto.com Crypto.com’s native token CRO has nearly quadrupled in value in November after a string of high-profile marketing initiatives propelled the exchange and debit card issuer into the mainstream. The token hit an all-time-high of $0.7984 on
BRAZIL – 2021/08/29: In this photo illustration the Non-fungible token (NFT) logo seen displayed on … [+] a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images When normal life is disrupted, and during times of crisis, innovation is often triggered. In 2008 big banks
Twitter cofounder Jack Dorsey created an NFT out of his first-ever tweet, which sold for $2.9 million a year ago. In an auction this past week, the highest bid was just $280. Getty Images In December 2020, Jack Dorsey created a non-fungible token (NFT) out of his first-ever Twitter post.
A large number of recent Ponzi schemes have used decentralized finance (DeFi) infrastructure to defraud their customers. This article explores the DeFi ecosystem and how fraudsters are able to exploit it to steal from crypto newbies. Representation of cryptocurrency and the word ‘DeFi’ displayed on a screen in the background
Bitcoin BTC Pizza Day marks the day that Laszlo Hanyecz made the first recorded purchase of a physical good using Bitcoin. He spent 10,000 Bitcoin to purchase two Papa John’s pizzas on May 22, 2010. Since Papa John’s didn’t accept Bitcoin as payment, he posted a 10,000 Bitcoin offer on
WATCH56:34|Dec 12, 2022, 01:46PM EST
GettySOPA Images/LightRocket via Getty Images With the filing deadline for individual tax returns quickly fading into the rearview mirror, it is tempting for accounting and financial planning professionals to put cryptoassets on the proverbial back burner. A tempting option, but one that would be a disservice to the profession, as
WATCH83:00|Dec 12, 2022, 10:33AM ESTx