The biggest news of the week is International Business Machines
Here is the rest of the week in review:
HSBC
Breitling added its first timepieces to a blockchain. The Swiss luxury watchmaker rereleased the Breitling Top Time hand-wound chronograph, with a black-and-white "panda" face to a new generation. Instead of offering a certificate of authenticity, the firm is registering each watch on a private blockchain that will follow its source from owner to owner. The firm stated: "The Breitling Top Time Limited Edition will be the brand's first watch offered with a blockchain-based digital passport, which confirms the authenticity and ownership of the watch with a single click." Breitling is using a blockchain from valuables registrar Arianee, a French firm that aims to build perpetual relationships between brands and owners. The blockchain links the watch's warranty to the watch itself and not any paper trail, allowing owners to ensure their chronographs are serviced by authorized dealers based on the timepiece's digital signature.
Crypto prices rose to $168 billion this week, trading in parallel with global equity markets. For the majors, Ripple (XRP), Litecoin (LTC), and Binance Coin (BNB) made gains, while Bitcoin SV (BSV), EOS, and Tezos (XTZ) fell. In the top 100, the biggest losers were KuCoin Shares (KCS), down 21%, Hedera Hashgraph (HBAR), down 11%, and Waves (WAVES), down 11%. The biggest gainers were Quant (QNT), up a whopping 51%, Status (SNT), up 33%, and Numeraire (NMR), up 26%. Next week traders will see if crypto can rebound for another week.
The author owns a small amount of LTC.