Bitcoin for Lamborghinis? Hodl.vc Tapping into Luxury Market with Moon Assets
A new player in the cryptocurrency space is looking to build an ecosystem around this emerging market. Hodl.vc Founder and Managing Partner Ivan Soto-Wright explains how this company is tapping into the luxury market.
"We are thinking how do we actually make a lasting impact on the space," says Soto-Wright. Hodl.vc has founded three key products: Moon Assets, Apollo, and Eltcoin.
Moon Assets launched in December 2017 as an e-commerce platform that enables people to buy luxury cars through Bitcoin. "For us it was an experiment and it turned into much more," said Soto-Wright. The platform now brokers Lamborghinis through Bitcoin, with plans to launch new verticals in the future.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.