TITAN Financial

2022-06-24 09:00:04 Gucci invests $25 000 in SuperRare to create an NFT exhibition

Italian luxury brand Gucci continues to venture into the world of NFT, in a new partnership with NFT marketplace SuperRare.

Gucci has acquired $25,000 worth of RARE tokens to join the SuperRareDAO. With its buy-in, Gucci is launching the “Vault Art Space,” an exhibition that will include a selection of NFT artworks by 29 artists.

The partnership marks the fashion house's first time participating in DAO, giving them control in the SuperRare community.

The exhibition, titled "The Next 100 Years of Gucci," is a series of collectible art pieces that look at Gucci's heritage and future.

In February, Gucci released 10 NFTs as part of a collaboration with iconic toy brand Superplastic, Binance.

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2022-06-23 19:30:07 Elon Musk says Tesla's new plants are "burning" billions of dollars

Russia pays coupons in rubles with possible default looming

Nike to fully exit Russia, will scale down in coming months

CATL unveils EV battery with 1 000 km range

Iraq's exports suffers from cheap Russian oil

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2022-06-23 18:00:25 Binance announces exclusive NFT partnership with Cristiano Ronaldo

Binance, the largest cryptocurrency exchange, announced in a press release on Thursday that it has signed a multi-year NFT partnership with Portuguese footballer Cristiano Ronaldo.

Over the course of the agreement, Ronaldo and Binance will create a series of collections for sale exclusively on the Binance NFT platform.

The first collection will be released later this year and will include models created in collaboration with Ronaldo.

"Cristiano Ronaldo is one of the world's best footballers, and has transcended sport to become an icon in multiple industries. He has amassed one of the world's most dedicated fan bases through his authenticity, talent, and charity work," said Binance founder and CEO "CZ" (Changpeng Zhao), Binance..

If you're not yet registered on Binance, you can use our link to get maximum discount on trading commissions.

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2022-06-23 17:00:10 Mark Zuckerberg launches Meta Pay, the digital wallet for the metaverse

Meta has rebranded its Facebook Pay digital wallet as Meta Pay, calling the change the “first step” toward the company creating a wallet for its version of the metaverse.

Meta CEO Mark Zuckerberg published a post on Facebook, saying that Meta Pay would replace Facebook Pay and have additional features.

The wallet will be used for Meta’s metaverse platform; users will be able to “securely manage your identity, what you own, and how you pay.” It will still allow users to transact on Facebook, Instagram, WhatsApp, Messenger, and other supported platforms.

Zuckerberg said that with Meta Pay users will be able to purchase art, videos, music, digital clothing, tickets to virtual events, and experiences in metaverse.

There was also a hint that Meta could introduce NFTs in the future, Binance.

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2022-06-23 15:00:17 Bridgewater doubled its short positions in Europe to $10.5 billion

Bridgewater Associates doubled its short positions against European companies in the past week to $10.5 billion, the company's most bearish position against stocks in that region in two years.

The world's largest hedge fund disclosed short positions against 28 companies, including positions worth more than $500 million against ASML Holding NV, TotalEnergies SE, Sanofi and SAP SE. Total short positions increased from $5.7 billion against 18 companies last week.

S&P Global's Eurozone Economic Activity Indicator fell to a 16-month low in June, driven by higher inflation, volatile energy markets and rising lending rates.

Current rates are the highest since it created a $14 billion position against European companies in 2020, and before that a $22 billion position in 2018, Bloomberg.

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2022-06-23 12:00:14 #quotes Open / Comment

2022-06-23 09:00:05 Tether plans to launch a stablecoin tied to the British pound

Tether is releasing a crypto token tied to the value of the British pound as part of a push into new stablecoins.

The GBPT token will be available to trade on the Ethereum blockchain from early July. The crypto platform also offers tokens pegged to the US dollar, euro, Chinese yuan and Mexican peso, having launched the latter last month.

Stablecoins are one of the most used tokens in crypto, and have been adopted by traders and investors as a store of wealth to safeguard portfolios against market volatility. The number of dollar-pegged Tethers, or USDT, in circulation has dropped significantly in recent months as price instability pushed traders to sell their tokens.

Total USDT circulation has dropped to $67 billion compared with a peak of more than $83 billion in early May, Bloomberg.

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2022-06-22 19:30:07 VW sticks to Porsche IPO plan and battery division listing

Bidders weigh offers valuing Toshiba at up to $22 billion

Russian gold could become the next target of EU sanctions

Toyota cuts July production target by 50,000 vehicles

UK inflation hits 40-year record

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2022-06-22 17:00:09 Cardano dev team set to launch first light wallet

Cardano’s development team, Input Output has created a new light wallet which is called Lace.

According to the development team, the wallet allows users to primarily manage, control as well as store their cryptocurrencies in one place.

The wallet will also let users keep their NFTs in the same place, which will help users manage all their digital assets in one wallet without relying on third-party solutions. The new wallet, Lace, was constructed with the help of a side chain solution from Cardano’s development team.

The primary focus for these developers was to channel their efforts to introduce interoperability between the Cardano and Ethereum networks. Currently, this innovation is still in its test phase and soon it shall move over to its implementing phase.

The wallet’s features and characteristics include interoperability and the ability to use various blockchain systems, not only Cardano, Binance.

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2022-06-22 15:00:01 Meta and other tech giants form metaverse standards body

Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies' nascent digital worlds compatible with each other.

Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to gaming companies, as well as established standards-setting bodies like the World Wide Web Consortium (W3C).

The forum aims to facilitate communication between a variety of standards organizations and companies to bring about "real-world interoperability" in the metaverse

Conspicuously missing from the member list for now however is Apple, which analysts expect to become a dominant player in the metaverse race once it introduces a mixed reality headset this year or next, Reuters.

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