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  • Starbucks announces it will release NFT collection

    Starbucks announces it will release NFT collection

    Starbucks announces it will release NFT collection

    Starbucks plans to launch a series of non-fungible token (NFT) collections, according to a company blog post published Tuesday.

    The popular coffee chain says its NFTs will provide “unique experiences, community building and customer engagement,” complementing its current app-based digital ecosystem. In addition to just NFTs, the company alluded to a full-fledged “Starbucks Digital Community Web3 platform” possibly tied to mobile payments in-store.

  • Valkyrie launches Avalanche Trust for TradFi exposure to AVAX token

    Valkyrie launches Avalanche Trust for TradFi exposure to AVAX token

    Crypto investment firm Valkyrie said Wednesday it is launching an Avalanche Trust (VAVAX) for traditional investors looking to gain exposure to the Avalanche ecosystem. According to sources familiar with the matter, the trust has already secured $25 million.

  • India to impose new 20% tax on cryptocurrencies

    India to impose new 20% tax on cryptocurrencies

    The tax department is mulling over the option to impose additional taxes on cryptocurrency and interest-yielding DeFi transactions.

    According to the Economic Times, the tax department is considering imposing a 20% tax deducted at source on such transactions. In particular, the new deductions will apply in instances where one party is not a resident in India or has not submitted their permanent account number (PAN) card details.

  • Gucci to accept crypto in leap for luxury industry

    Gucci to accept crypto in leap for luxury industry

    The brand will accept cryptocurrency payments in some US stores at the end of this month, and plans to extend the pilot to all of its directly-operated North America stores this summer.

    In-store crypto payments will be made with a link sent via email to the customer; the link contains a QR code that allows them to execute the payment from their crypto wallet. Gucci will accept payments in more than 10 currencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, SHIBA INU and Dogecoin.

  • Polkadot now lets you natively send tokens across parachains

    Polkadot now lets you natively send tokens across parachains

    Polkadot has enabled a messaging system called Cross-Consensus Messaging format (XCM). This allows all Polkadot-based blockchains to directly communicate with each other for the first time.

    XCM is a token messaging format facilitating the exchange of assets across Polkadot’s parachains. It allows parachain users and developers to exchange data and crypto assets between them. This will make it easy for users of these blockchains to send tokens from one parachain to another.

  • South Korea’s new president delays crypto taxes in favor of consumer protections

    South Korea’s new president delays crypto taxes in favor of consumer protections

    South Korea’s crypto tax was initially set to come into effect for the 2022 fiscal year but was pushed back to 2023 last December.

    E-daily reported that South Korea’s newly-elected president Yoon Suk-yeol will ensure the crypto tax law does not come into effect until reasonable legislation is in place to protect consumers, which could be by 2024.

  • APE soars 20% in an hour as Elon Musk puts a Bored Ape as Twitter PFPAPE soars 20% in an hour as Elon Musk puts a Bored Ape as Twitter PFP

    APE soars 20% in an hour as Elon Musk puts a Bored Ape as Twitter PFP

    Elon Musk, the man spearheading both Tesla and SpaceX changed his Twitter profile picture to that of a Bored Ape with a golden fir surrounded by other apes.

    In a few minutes after Musk changed his Twitter profile picture, APE coin, the native cryptocurrency of the Bored Ape Yacht Club ecosystem, grew by almost 20% in less than an hour to the price of $17. APE is now trading at 16.15 USD, gaining 11.39% after 24h.

  • NTVRK rises 37.13% after 24 hours

    NTVRK rises 37.13% after 24 hours

    NTVRK rises 37.13% after 24 hours

    Many altcoins have experienced substantial growth in the past 24 hours, the most prominent of which is NTVRK Token – a 37.13% increase in value.

    NTVRK is currently holding the No. 1 position in the Top Gainers on ONUS, with a trading volume of $1.57 million.

  • IOST partners with Label Foundation to drive music NFT industry

    IOST partners with Label Foundation to drive music NFT industry

    IOST has announced its strategic partnership with Label Foundation, one of the earliest pioneers committed to creating a sustainable ecosystem for music IP nonfungible tokens (NFTs) of top musicians, protected by a distributed ledger.

    By expanding the ecosystem into IOST, Label Foundation could benefit from the fast, secure and reasonable gas fees of the IOST network.

  • Luxury Fitness Firm Equinox Group now accepts crypto as payment

    Luxury Fitness Firm Equinox Group now accepts crypto as payment

    Luxury Fitness Firm Equinox Group now accepts crypto as payment

    On Tuesday (May 3rd), Equinox Group, an American luxury fitness company that operates several lifestyle brands, announced that it is accepting select crypto-assets for payment of membership fees at its Equinox fitness clubs in New York City.

    Equinox says that it has started accepting crypto for payment — thanks to a partnership with crypto payment processor Bitpay — of the Annual Membership fee to its New York clubs.