Monthly Archives: October 2021

AMC CEO Says ‘Huge News’ for Dogecoin Fans as the Movie Theater Chain Begins Accepting Crypto Payments for Gift Cards

The CEO of the world’s largest movie exhibition company, AMC Entertainment, has announced “huge news” for dogecoin fans. While his company works on accepting cryptocurrencies, he said that customers can now “buy AMC Theatres digital gift cards … with dogecoin and other cryptocurrency.” AMC Accepts Cryptocurrencies for Gift Cards After announcing that AMC will “figure out how to” accept dogecoin by year-end alongside four other cryptocurrencies, CEO Adam Aron tweeted Tuesday that he had “huge news” for dogecoin fans. AMC Entertainment Holdings is the largest movie exhibition […]

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NFTs And The Definition Of Art

The author poses the simple discussion of whether NFTs are technically “collectibles,” or are truly art. “Non-fungible tokens,” more popularly referred to as NFTs, have taken the spotlight as this market cycle’s equivalent of the Initial Coin Offering. They’re dominating the mindshare of the “normies” in the space. As much as Bitcoiners don’t like to talk about them, they’re undeniably a major part of market dynamics this cycle, and I personally do not think they are going away anytime soon, if ever. There is a lot I […]

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Pro traders cut their EOS longs, but retail FOMO and $50K+ BTC could tip the scale

On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential. EOS began a descending trend 53 days ago and despite the recent 27% weekly gain, the altcoin is not showing any signs of a reversal. As a result, investors are questioning whether the former top-5 cryptocurrency has what it takes to turn around after Daniel Larimer, CTO of the development company behind EOS, resigned in late 2020. EOS price at Bitfinex in USD. Source: TradingView The emergence […]

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Spellfire Completes Seed Funding Round – Terranova, x21, Autonomy Capital Among Top Investors Onboard

Spellfire, a legendary card-based NFT game powered by Ethereum and incorporating some unique features, has successfully completed its seed funding round. Terranova, x21 and Autonomy Capital have led 360,000 USD investment into the project, with more investors eyeing spellfire’s incoming private round. Spellfire has some unique features which make it stand out among its peers in the industry. NFTs acquired are digital and physical, making it the first NFT based game that allows owners to touch their NFTs. Special NFTs have an “Augmented Reality” feature allowing the […]

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3 reasons why Terra (LUNA) price hit a new all-time high

The successful launch of the long-awaited Columbus-5 upgrade is just one of the factors in LUNA’s ascension to a new record high. Protocol upgrades are one of the biggest drivers of momentum because they show developers’ dedication to fixing bugs, incorporating user requests and adding new features that make the protocol competitive and shore up the token’s value. One project that has seen its token price rally to a new all-time high following the launch of a highly anticipated upgrade is Terra (LUNA), a blockchain protocol that […]

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Janet Yellen Defends Tax Compliance Agenda — 3 State Treasurers Promise Not to Comply

The 78th United States secretary of the treasury, Janet Yellen, is very concerned about tax evasion, according to statements she made during an interview with CNBC’s “Squawk Box” that aired on October 5. Yellen claims there’s an “enormous tax gap” and she insists financial information concerning where income derives from can get “hidden.” Janet Yellen Says ‘Collection of Information Is Routine’ The U.S. secretary of the treasury wants lawmakers to push Biden’s “American Families Plan Tax Compliance Agenda” in order to solve the issue. The proposed legislation, […]

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Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks

“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager. Blockchain analytics firm Chainalysis has purchased cybercrime investigative company Excygent for an undisclosed amount, hinting the two will continue to work together to help “dismantle ransomware operations.” In an Oct. 5 announcement, Chainalysis CEO Michael Gronager said the firm had collaborated with Excygent on projects including seizing cryptocurrency connected to the now defunct darknet market Silk Road, shutting down a major child […]

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AMC Theaters’ acceptance of Dogecoin follows viral community appeal

Over the past week, social memecoin DOGE has risen 25% above the previous psychological price threshold of $0.25. Following an overwhelming positive response to a Twitter poll on Sept. 21, CEO of AMC Theater, Adam Aron announced Wednesday that the chain would officially accept Dogecoin payments for digital gift cards via BitPay Wallet.  The Dogecoin community — notoriously passionate for adoption initiatives — tweeted in droves to advocate for the asset’s integration within the theater’s payment options. Following the successful endeavor, users can now purchase up to […]

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The Intrinsic Value Of Bitcoin, Calculated Using Sovereign Credit Default Swaps

Bitcoin is incredibly cheap, considering it provides insurance on the U.S. financial structure, as well as all fiat currencies around the world. I reference my thesis on the intrinsic value of bitcoin in this piece, originally published in Bitcoin Magazine in April 2021. It represents my view on the value of BTC as the anti fiat, fiat is the Ponzi, and how everyone needs insurance against the Ponzi collapsing. As Voltaire famously said, “Paper money eventually returns to its intrinsic value — zero.” As Charlie Munger famously […]

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Valkyrie Investments CEO On Bitcoin: “Absolutely A Digital Store Of Value”

Leah Wald discussed Bitcoin on Monday, saying it is “one of the strongest monetary networks.” Valkyrie Investments CEO Leah Wald said that she doesn’t think that BTC is fool’s gold, unlike the JPMorgan CEO. “I think it is a wonderful digital gold and has done a brilliant job of nailing that store of value narrative.” Wald added that although Bitcoin is still in its early stages, “it is establishing itself as one of the strongest monetary networks and absolutely a digital store of value.” When it comes […]

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