CRYPTOCURRENCY
DOJ Targets SBF's Jets for Forfeiture
Samuel Bankman-Fried, also known as "SBF," faces the possibility of asset forfeiture, including two luxury jets, as per a filing by the U.S. Department of Justice (DOJ) dated October 4, 2023. The forfeiture is linked to multiple charges against Bankman-Fried, who is currently on trial. The aircraft in question are embroiled in an ownership dispute involving the U.S. government, FTX, and Island Air Capital.
The luxury fashion brands that have entered the world of cryptocurrencies
There are many reasons why consumers navigate towards luxury goods in ever-increasing numbers. While the hefty price tags are often enough to deter many shoppers from purchasing, others are ready to spend the extra cash for something of superior quality.
Crypto Downturn Hits Luxury Watches Market Sales
Reports show that crypto traders and users are more likely to purchase luxury items. The meltdown in crypto prices has directly impacted the pricing of luxury watches.
Luxury Watchmaker TAG Heuer to Accept Crypto Payments
TAG Heuer will accept the payment method after a deal with Bitpay.
Dolce & Gabbana Bags $6M from Fashion NFT Collection “Collezione Genesi”
Leading Italian luxury fashion house Dolce & Gabbana sold a nine-piece collection of fashion NFTs dubbed Collezione Genesi for a whopping $6 million.
Reebonz Tracks Provenance of its Luxury Products Using a Vechain-Powered Digital Certificate
Reebonz, the biggest luxury e-commerce company in Asia Pacific and Southeast Asia, has incorporated blockchain technology into its ecosystem to determine the provenance of its products.