TITAN Financial

2022-06-14 12:00:18 #quotes Open / Comment

2022-06-14 09:00:04 Apple music, gaming to bring in over $8 billion in revenue by 2025

Apple Inc's revenue from gaming and music offerings will jump 36% to $8.2 billion by 2025, J.P. Morgan analysts expect, as the iPhone maker uses its huge user base to develop its subscription services.

According to analysts JPM, by 2025 the combined subscriber base of the two services will be about 180 million people - 110 million for music and 70 million for games, helped by the rapid spread of the Internet and the booming gaming industry.

Apple Music, which launched in 2015 and is the second-largest streaming music service after Spotify Technology, is expected to provide most of the revenue, bringing in about $7 billion by 2025.

Apple Arcade, a game subscription service launched in 2019, is estimated to bring in about $1.2 billion.

Analysts also expect the games market to reach $360 billion by 2028 and music streaming to reach $55 billion by 2025, Reuters.

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2022-06-13 19:30:06 A $17 billion drop in market cap puts LIC's IPO among the worst in Asia

MicroStrategy leads crypto stock selloff as Bitcoin unravels

Paris catches up with London in attracting foreign investment

Musk warns of Tesla’s ‘very tough quarter’ in employee message

Google suspends engineer who claimed AI bot had become sentient

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2022-06-13 17:00:09 Cryptocurrency market value slumps under $1 trillion

The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, reaching as low as $926 billion.

The global cryptocurrency market peaked at $2.9 trillion in November 2021, but it has faltered so far this year. It has lost $1 trillion in value in the last two months alone as investors ditched riskier assets in the face of high inflation and fears that interest rate raises by central banks will hamper growth.

The largest cryptocurrency, bitcoin , was down more than 10% on the day, falling to an 18-month low of $23,750. It is down by around 50% so far this year. Smaller coin ether fell over 15% to $1,210.

"As inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising," analytics say, Reuters.

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2022-06-13 15:00:12 Mastercard now allowing cardholders to buy NFTs

Mastercard is working with NFT scaling platform Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and web 3.0 infrastructure provider MoonPay for the new capabilities.

“With 2.9 billion Mastercard cards worldwide, this change could have a big impact on the NFT ecosystem,” according to Raj Dhamodharan, Mastercard’s EVP of digital asset and blockchain products and partnerships.

Mastercard recently surveyed a group of of over 35,000 people in 40 countries and found that 45% had purchased an NFT or would consider buying one, the company said. In addition, Mastercard found that about half of those surveyed sought more flexibility and wanted to be be able to pay with crypto for everyday purchases, or use a credit or debit card to buy an NFT, Binance.

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2022-06-13 12:00:17 #quotes Open / Comment

2022-06-13 09:00:01 Hedge funds Maverick, Lone Pine have dropped about 30% this year

Lee Ainslie and Steve Mandel’s hedge funds tumbled by roughly a third this year, joining other players stung by the slide in technology stocks.

Ainslie’s main hedge fund at Maverick Capital dropped 32.5% through May. Among its largest first-quarter bets were stakes in South Korean e-commerce giant Coupang Inc. and Amazon com Inc. Both wagers would have been among its biggest losers if the firm continued to hold the stocks through last month.

Mandel’s Lone Pine slid about 30% in the period, other people said. Two stocks it held in the first quarter, Workday Inc. and Shopify Inc., have been among the hardest-hit, dropping 43% and 73%, respectively, through May 31. Mandel, 66, stepped back from running the firm in 2019, though he remains involved in researching investments and sits on the management committee, Bloomberg.

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2022-06-05 09:00:03 Crypto scam victims lose more than $1 billion since 2021

More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report.

Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform, according to the FTC.

Reports point to social media and crypto as a combustible combination for fraud, the agency said, adding that about $575 million of all losses related to digital currency frauds were about "bogus investment opportunities".

Nearly four out of every ten dollars lost in a fraud originating on social media was lost in crypto, far more than any other payment method, with Instagram, Facebook, WhatsApp and Telegram being the top social media platforms in such cases.

The average reported loss for an individual was $2 600, Reuters.

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2022-06-04 19:30:02 Riot Blockchain miner sells part of mined bitcoins

Binance registered with Italian regulator amid plans to expand in Europe

Lamborghini to launch eco-fueled hybrid models after 2030

Russia's depository suspends operations with the euro

Flying taxi startup partners with airport operator in Brazil

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2022-06-04 17:00:03 Electric car sales to triple by 2025

Sales of electric vehicles will more than triple by 2025, but governments and manufacturers need to do even more to eliminate emissions from motor vehicles by the middle of this century.

Analysts believe that sales of plug-in passenger vehicles will rise to 20.6 million in 2025, well above the forecast of 14 million just a year ago, largely due to faster adoption in China.

Just over two-thirds of the world's fleet will have zero emissions by 2050 unless new policies or regulations are enacted.

Global sales of internal combustion engine vehicles peaked in 2017 and now, are in a constant state of decline. By 2025, their supply will be down about 19% from its peak.

Full-scale charging infrastructure is projected to require $1.4 trillion in investment by 2040, Bloomberg.

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