Author: Donald Munn
The series of commercials Matt Damon is making to promote Crypto.com exchange activities cannot be said to be exactly fortunate. These have also aired during the last Super Bowl, and have been attracting criticism on social media since their first release last October. But the one aired in recent days seems to have really gone too far to stand by the harsh comments that have appeared on social. “Fortune favors the brave, and a brave person knows that pasta cooked in pee water tastes just fine”. Says Matt Damon during the commercial, as he brings a forkful of pee-infused spaghetti…
The British fintech app Revolut, whose seventh anniversary is coming up soon, announced today that it has surpassed 20 million retail customers worldwide, processing more than 250 million transactions per month. In the wake of this positive news, the company continues to hire and currently has more than 5,000 employees worldwide. Over the past year, Revolut has opened many offices to become increasingly global. New York, Tokyo, Madrid, Barcelona, Paris, Mexico City, Berlin, Budapest and Bucharest are just a few of these as it will soon also open in Mumbai and Bangalore. Nikolay Storonsky, CEO of Revolut, commented on these…
It is called Clos3t, and it is a cryptocurrency wallet dedicated specifically to fashion consumers designed for Web3. Former Google, Chanel, and PwC employees are creating a crypto wallet It is being designed by three former employees of Google, Chanel, and PwC, with the aim of helping consumers create hyper-personalized shopping profiles. The startup was founded in April by Amandine Degotte, who previously worked at Chanel and Dior on customer engagement and digital strategy, Setareh Lotfi, who worked at Google on the Global Fiber Impact Explorer, and Virginie Le Bervet, who worked as a consultant at PwC and EY. Degotte…
New inflation data compiled by the Bureau of Labor Statistics are out and they are not at all reassuring. Inflation shakes markets The US CPI figure reaches 9.1%, surpassing Bloomberg analysts’ forecasts of around 8.8%. The news stirred the markets, which, while partly having factored in this period of high inflation following the Fed‘s interventions over the past six months, were expecting a different figure. Wall Street is not the only concern, and analysts predict that given the past year and a half of correlation, Bitcoin, Ethereum, and the other cryptocurrencies will also suffer a major devaluation. They predict reversals…
There is a change of face at the UK’s Financial Conduct Authority (FCA), with Ashley Alder, former CEO of Hong Kong’s Financial Regulator, taking over as Chair. Ashley Alder becomes Chair of the FCA The new FCA President will be Ashley Alder Ashley Alder has been appointed as the new Chair of the Financial Conduct Authority, taking over from the current Interim Chair. Charles Randell left office in May, and to avoid leaving such an important role vacant, an Interim chairmanship was chosen until the natural expiration of the term in which a new Chair would be elected. The honor…
Twitter’s board of directors has decided to sue Elon Musk over his failure to purchase the social network. Elon Musk risks a lawsuit from Twitter The news had been in the air for days, but now it has become official. Twitter has decided to take Elon Musk to court over his failure to purchase the social network for $44 billion, which fell through at the last moment due to the backtracking of the Tesla founder. According to Twitter’s lawyers, Musk’s alleged justification for his withdrawal of the purchase offer is completely illegitimate and unfounded. As is well known, Musk had…
On Monday, the dollar, which was already emerging from a week of good results, reached substantial parity with the euro, the strong currency of the old continent. A new historic level touched: parity between the Euro and the Dollar For the first time in 20 years, the two currencies are now at parity, a historic figure that changes the macroeconomic picture. The Euro is suffering from monetary policies that were late and not as incisive as those of the US Central Bank, which has been pressing hard on raising rates since the beginning of the year. The Fed, while at…
France: The President of France’s Central Bank, François Villeroy de Galhau, announced Tuesday that the bank has launched the second phase of testing a wholesale CBDC. CBDC coming soon to France The President of the French Central Bank announced on Tuesday that they have launched the second phase of a new state-owned digital currency project. JUST IN: France has launched the second testing phase of its central bank digital currency (CBDC). — Watcher.Guru (@WatcherGuru) July 12, 2022 Galhau, during a speech at the Europlace International Financial Forum in Paris, said: “We want to get closer to a viable prototype, testing it…
Luxury fashion house Burberry has launched its virtual bag collection for the Roblox metaverse. Currently, the first limited edition bag is available for 800 Robux (€9.99). Burberry and the first virtual bag collection for the Roblox metaverse Burberry, the celebrated London-based luxury fashion house, has launched its first virtual bag collection for the Roblox metaverse. Here’s the announcement on Twitter: Just dropped: the first virtual Lola bag from Burberry x @Roblox is now available to shop for 24 hours only Shop Gem now and discover the next four designs at https://t.co/yttEi4OJ8W#BurberryRoblox pic.twitter.com/gECKm2JbZu — Burberry (@Burberry) July 11, 2022 “Just dropped:…
Co-Founder and CEO of the popular non-fungible token (NFT) exchange OpenSea, Devin Finzer, announced two days ago that the company will be forced to drastically reduce the company’s workforce. The platform will let go 20% of its staff to adapt to the current decline in the cryptocurrency industry. Today is a hard day for OpenSea, as we’re letting go of ~20% of our team. Here’s the note I shared with our team earlier this morning: pic.twitter.com/E5k6gIegH7 — Devin Finzer (dfinzer.eth) (@dfinzer) July 14, 2022 This is yet another case in a matter of months where a crypto company is being…