Blockchain
UKV International AG Announces Development of Whisky Storage Facility In Edinburgh
Zurich, Switzerland–(Newsfile Corp. – March 23, 2023) – UKV International AG, a leading Swiss-based fine wine and rare whisky investment specialist, has announced the development of its state-of-the-art storage facility in Edinburgh.
Alex James, Senior Consultant of UKV International AG announced that, in line with the company’s dedication to clientele and the whisky industry, UKV is collaborating with Elite Wine and Whisky and its storage division, Elite Whisky Storage, to establish a bonded facility in Edinburgh within the coming year. This development will centralize storage for cask whisky, consolidating it under a single roof within an HMRC-regulated warehouse, as opposed to the current scattered distribution across various distilleries and bonded warehouses throughout Scotland. The establishment of this facility signifies a monumental commitment by UKV and highlights the promising outlook for all stakeholders within the whisky sector. By streamlining storage, enhancing stock tracking capabilities, and offering clients the opportunity to visit the facility, this groundbreaking initiative is poised to transform the landscape of whisky storage and management.
“It has been well documented that Scottish food and drink exports have surged an incredible 30.6% in the last year alone, a record £8.1 Billion, highlighting strong increases in India and Singapore in particular,” James added.
As part of the commitment to clients and the whisky industry, UKV is collaborating with the company’s duty representative, Elite Wine, and Whisky, and storage division, Elite Whisky Storage, to establish a new bonded facility in Edinburgh within the year. The facility will provide UKV with its HMRC-regulated storage for cask whisky and give greater control over stock tracking.
“The development of this facility is a huge commitment and very exciting for everyone connected to UKV and indicates how fruitful the future looks for those involved in the whisky sector. The prospect of being able to consolidate storage facilities, provide greater control over stock tracking, and allow for client access should they wish to visit the facility will be an absolute game changer,” said James.
The longer whisky is aged in a cask, the more refined its flavor and, consequently, its price. The price differences between 15-, 20-, and 30-year-old single malt whisky of the same brand illustrate this point. Whisky is the world’s most popular alcoholic beverage and a highly coveted commodity. Older whisky stocks are in high demand and deplete rapidly after bottling, particularly as some of the world’s largest consumer markets eliminate or reduce import tariffs and duties on whisky.
About UKV International AG
UKV International AG is a Swiss-based fine wine and rare whisky investment specialist. With a dedicated team of whisky and fine wine consultants, the company offers clients a comprehensive overview of the market and valuable insights into market trends. The company’s primary business is based on the acquisition, supply, and sale of single malt Scotch cask whisky, bonded fine wine, and champagne on behalf of private individuals and trade customers. UKV International AG also offers a full brokerage service for individuals looking to sell whisky or wine held in a UK-regulated bond.
Contact details
Alex James
[email protected]
www.ukv-international.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159230
Blockchain
39% of Canada’s institutional investors have exposure to crypto: KPMG
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Blockchain
Cronos collaborates with KYVE to revolutionize Blockchain Data
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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