Crypto

The U.S. bill that could test digital dollars

Published

3 months ago

March 29, 2022

ticker NEWS

A growing list of U.S. lawmakers are calling for the Treasury Department to create the digital dollar

The Electronic Currency and Secure Hardware (ECASH) Act was introduced by Republicans. The bill would give the Treasury Secretary powers to issue an electronic version of the U.S. dollar.

It would also involve rigorous public testing of an electronic-type of currency, and could signal the government’s interest in launching cryptocurrency alternatives.

Blockchains are designed to track every transaction, which means transactions are tied between the sender and receiver. The digital currency could also increase privacy and anonymity in certain transactions.

People could even hold their electronic dollars on their phone or a card. The process is expected to be token-based.

The U.S. Reserve issued a paper earlier this year, which outlines the pros and cons of a digital currency in the U.S.

Other nations like New Zealand and Australia are also eyeing off blockchain regulation and futures.

Crypto

Gucci goes big in metaverse with new Vault Art Space

Published

3 days ago

June 24, 2022

Brittany Coles

Forward thinkers who love fashion, this exhibit is for you

Luxury brand Gucci has opened a Vault Art Space as it continues to explore the art world and the metaverse

Gucci inaugurated the gallery in a partnership with NFT marketplace SuperRare

The debut exhibit is titled “The Next 100 Years of Gucci”

Keep your eye out for a special selection of NFT artworks, each a collectible fragment of Gucci’s heritage.

The artworks are showcased and auctioned off directly on Vault’s website in three drops between now and the end of July.

All sales will be in Ethereum.

Crypto

Ethereum to finally undergo shift to new energy model

Published

4 days ago

June 23, 2022

ticker NEWS

The popular cryptocurrency are ready to make the switch from one energy model to another

Ethereum is about to undergo its long awaited makeover, which will see the company shift from its energy intensive model.

The crypto has been working to shift from its proof-of-work method to a proof-of-stake model, which requires far less power than mining.

Crypto currencies have been criticised for their mining processes to generate new coins. But this new method will be eco-friendly and lead to faster transactions.

The transition has been repeatedly pushed back because of major flaws.

But developers reportedly say the latest test run was very smooth.

The price of Ethereum has lost nearly half its value this year and is trading at just over $1,800 USD.

Investors will continue to keep an eye out on what will come out of this upgrade.

Meanwhile, Bitcoin investors can enjoy a sigh of relief as the cryptocurrency bounces back after months of turbulence.

Business

Luxury watchmaker accepts bitcoin for limited edition collection

Published

5 days ago

June 22, 2022

Brittany Coles

They say cash is king and some call crypto a waste of time, but one company is proving to customers, that its not an old-timer

Luxury watchmaker Hublot is accepting bitcoin as payment for a limited-edition watch collection.

While the release begins with this limited-edition collection, the addition of bitcoin to the platform will not be going away for the United States eBoutique

Hublot partnered with BitPay to accept bitcoin and will continue to accept bitcoin through this outlet.

In order to secure one of the watches from this collection, customers will be paying just over 21 thousand or slightly more than the current price of 1 bitcoin.

The Swiss-based company joins other high end brands like Gucci and Balenciaga in accepting bitcoin as legitimate payment.