The Collection photograph

The Collection

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Web site www.youtube.com
Initial release Argentina
Directors Marcus Dunstan
Film series The Collector
Box office8. 9 million USD
Budget10 million USD
Artists2022-02-01 10:10:37
Release date1986-02-01 10:10:37
SongsSongs1Hot Rod Mama3:09 2Strange Orchestra’s1:47 3Chateau in Virginia Waters2:38 View 20+ more
Date of Reg.
Date of Upd.
ID648470
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About The Collection


A young woman named Elena (Emma Fitzpatrick) sneaks out of her house one night to attend an exclusive party, unaware of the horror that awaits her. A sick criminal known as The Collector crashes the party in search of fresh victims. When Elena goes into hiding, she finds and frees Arkin (Josh Stewart), The Collector's captive. Arkin manages to escape, but Elena is taken prisoner. A mercenary friend of Elena's father then forces Arkin to come along on a mission to free the young woman.

Cristiano Ronaldo faces $1bn lawsuit over Binance ads

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... The cheapest NFT from The Collection was priced at $77 when it went on sale in November 2022 - but one year later, it was priced at around $1...

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Cristiano Ronaldo faces $1bn lawsuit over Binance ads

Nov 7,2023 12:51 am

By Tom GerkenTechnology reporter

Footballer Cristiano Ronaldo is facing a Class Action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in The World .

The plaintiffs claim his endorsement led to them make loss-making investments.

They are seeking damages of " a sum exceeding" $1bn (£790m).

The Bbc has contacted both Ronaldo's management company and Binance for comment.

In November 2022, (NFTs) in partnership with Ronaldo, which the footballer said would reward fans " for all The Years of support".

NFTs are virtual assets that can be bought and sold, But which have no real-world form of their own - in other words they only exist digitally. Generally, they are used to mark ownership of something, Such as a picture or video online.

" CR7" refers to Ronaldo's initials and shirt number, and is used as branding in a range of products, from footwear to fragrances, that have helped make him one of the.

In a Social Media video announcing the partnership, Ronaldo told would-be investors " We Are going to change the NFT game and take football to The Next level".

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The cheapest NFT from The Collection was priced at $77 when it went on sale in November 2022 - But One Year later, it was priced at around $1.

The claimants allege that Ronaldo's promotion of Binance led to a "500% increase in searches" for the crypto exchange, which is registered in the Cayman Islands .

They also say it led people to use The Firm to invest in what they call " unregistered securities" - Such as Binance's BNB cryptocurrency.

According to the US Securities and Exchanges Commission (SEC), these assets can be considered securities - and so celebrities endorsing them must follow US law.

SEC chair Gary Gensler " disclose to The Public from whom and how much you are getting paid to promote investment in securities".

" When celebrities endorse investment opportunities, including crypto asset securities, investors should Be Careful to research if the investments are right for them, and they should know why celebrities are making those endorsements, " He Said .

The claimants allege Ronaldo should have disclosed how much he was being paid, But did not.

Nigel Green , boss of consultancy firm DeVere Group, said the problems at The Heart of the case went wider than just one footballer.

" It is crucial to recognise that blaming Ronaldo alone oversimplifies a complex issue, " He Said .

" Instead, attention should also be directed towards global regulators who have been slow to establish clear guidelines for this evolving financial landscape. "

Future plans

Ronaldo and Binance appear to have plans to work Together Again in The Future , with a recent Social Media post from the footballer saying they are " cooking something up".

Neither have responded to The Bbc 's requests for comment.

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The Class Action suit was filed a week after the US Justice Department.

It accused Binance of helping users bypass sanctions around The World , and of Making It easy for criminals and terrorists to move money.

Its chief executive, Changpeng Zhao , resigned from The Firm , having admitted Money Laundering violations.

Major League Baseball, Formula 1 and Mercedes-Benz are all also facing Class Action lawsuits filed on the same day over their promotion of failed crypto exchange FTX.

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Source of news: bbc.com

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