XEROF Weekly News: Event Webinars, Crypto, Luxury Goods Updates

XEROF Weekly News: Webinar Videos, Crypto & Luxury Goods Updates

In this week's edition, we will be taking a look at what is happening in the world of crypto, including Silvergate’s voluntary liquidation, the new Bitcoin-based NFT collection from Yuga Labs, Amazon's new NFT marketplace, and more!

We are also sharing the webinar recordings for our two recent events that took place in Lisbon and Cyprus and sharing the link to a recent article where we detail how XEROF is helping gaming and gambling companies with faster crypto payments. Let's go!

‍

Crypto News

Silvergate Bank Ceases Operations as Voluntary Liquidation Gets Underway. According to CoinTelegraph, Silvergate Capital announced Wednesday that it is ceasing operations and liquidating its bank due to recent “industry and regulatory developments.” After-hours trading also saw more than a 36% decline in shares. During these difficult times, XEROF remains available to help with on and off-ramp requirements for institutions and individuals. If you have been affected by the closure of Silvergate, please do not hesitate to reach out to our experts, who will provide as much support as possible.

‍Bitcoin NFT Collection from Yuga Labs Generates $16.5 Million. Coindesk reported that Yuga Labs, the parent company of the Bored Ape Yacht Club, ended its TwelveFold auction on Monday, releasing the first collection of Bitcoin-based non-fungible tokens (NFTs). The 300 limited edition art pieces brought in 735.7 BTC (approximately $16.5 million).

‍Amazon is Launching an NFT Marketplace. Yesterday, Amazon announced that it is launching a new NFT marketplace on April 24th. The marketplace will initially offer 15 NFT collections that will only be available to US customers. For those interested in this new marketplace, it is important to note that NFTs can only be purchased through an Amazon account.

‍

Luxury Goods News

Mercedes Pro Driver Racing Experience. MercedesBenz reported the launch of the Mercedes' AMG experience program. This program is designed to offer customers and racing enthusiasts a unique opportunity to enjoy the speed and performance of the latest AMG vehicles in an exciting and safe environment. Held at numerous locations around the world, including well-known tracks such as the Circuit of the Americas, the AMG experience program offers a variety of track experiences.

In the US, 25% of New Automotive Purchases are Luxury Vehicles. According to recent research from Cox Automotive, up to 25% of new car sales in the United States are now luxury purchases by default, as reported by Luxury Daily. This is because the average MSRP ( manufacturer's suggested retail price) for new cars in the US is close to $50,000.

Saks Reports that Consumers Have an Appetite to Spend. The Saks Luxury Pulse survey results found that shoppers plan to continue spending on luxury goods over the next three months, with the majority of participants (62%) stating they will spend the same amount or more as in the previous three months. The reasons given by those who plan to spend more are that they are financially well off and are happy to spend luxury on travel and high-end clothing.

‍

Company News

Read New Article! XEROF: Fast Crypto Payments for Gaming Companies. How XEROF Pay allows gaming companies to process crypto payments with zero banking friction. Take a look at our case study that shows its real-world application.

UFORIKA Case Study

In addition high-network individuals and big crypto holders can use our off-ramps to purchase high-value items such as property & more!

We are delighted to share with you webinar recordings for our two recent events that took place in Lisbon and Cyprus.

"Crypto, Law, and Real Estate in Portugal" that was organized by XEROF and CCA Law Firm in Lisbon on the 28th of February. The conference was focused on exploring how the power of blockchain technology is affecting the real estate in Portugal, plus legal practitioners, accountants, investors, and more, in 2023.

‍

"Crypto, Law, and real Estate in Cyprus" that was organized by XEROF and the University of Nicosia".The event was focused on the use of blockchain technology to streamline the process of buying and selling real estate in Cyprus. Watching this video you'll have the opportunity to explore how this technology will impact the industry in the coming years.

‍

If you would like to attend our future event, please feel free to subscribe to our newsletter, and social media, and keep updated!

‍

@ All rights reserved. FE Swiss Financial AG trading as Xerof &  is a registered Virtual Asset Service Provider (VASP) supervised by the self-regulatory organisation (SRO) VQF for AML compliance. FE Swiss Financial AG is fully compliant with Swiss regulation in the field of AML/CFT from Swiss Financial Market Supervisory Authority FINMA. VQF SRO Membership Nr. 100954.All FE Swiss Financial AG dba XEROF services shall be governed by its General Terms and Conditions of Service, including, inter alia, a limitation of liability and a nomination of competent jurisdiction. These General Terms and Conditions may be consulted via our Website. FE Swiss Financial AG does not provide financial advice and nothing in our communications should be construed as financial advice.

‍