Day: October 6, 2021

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

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 company in the…

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US FDIC Said to Be Studying Deposit Insurance for Stablecoins — CoinDesk

“The FDIC has strict rules as to which institutions may call themselves FDIC-insured or use the FDIC logo for advertising,” he said. “Just as how the FDIC’s logo on a bank’s website allows savers to be confident that the bank is a safe, insurance of particular stablecoins and permission to use the FDIC logo would provide clarity about which stablecoins, up to the insurance limit, will not lose value.” Source

How to Talk to Your Legislator About the Crypto Safe Harbor — CoinDesk

The proposal is a nuanced attempt to square the circle at the heart of crypto network funding. The quandary goes something like this: If the token for a new network is classified as a security from the start, only institutional players and venture capitalists will be able to buy it. That makes it less likely that the network will have a truly decentralized user base or development community. On the other hand, you can’t give crypto carte blanche on securities regulation or you’ll wind up with rampant fraud, as we…

Crypto Miners Hoarding Bitcoins as Price Surges Above $55K — CoinDesk

Adding to the trend, on Oct. 4, Canadian Hut 8 Mining Corp. also reported that all of its self-mined bitcoins were deposited into custody, which is consistent with the company’s strategy to “hodl” its mined digital currency. “We are thrilled with our current amount of bitcoin held in reserve as well as being ahead of schedule on our commitment to the market to have over 5,000 self-mined bitcoin by end of Q4,” said Jaime Leverton, CEO of Hut 8, in a statement. Source

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

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 of competing proof of stake smart contract platforms like Solana (SOL), Polkadot (DOT) and Avalanche (AVAX) possibly weighed on this 2017-era project. One…

BITCOIN CRASHING | Why the Crypto Market is Going Down | TIME TO BUY!? (China Bans Bitcoin AGAIN!)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN CRASHING | Why the Crypto Market is Going Down | TIME TO BUY!? (China Bans Bitcoin AGAIN!) Patreon Community: Best Crypto Exchanges: Buy BNB here: Coinbase: Binance: Best Stocks & Shares Exchanges: UK: Freetrade – US: WeBull – WorldWide Etoro: *This is NOT financial advice. This video is for entertainment purposes only, any crypto mentioned in this video could dump at any moment* I appreciate all the support! ——————————————————————————————— › Instagram: @itsconorkenny › Tiktok: @dyslexicinvestor › Twitter: @conorfkenny › Telegram: @conorfkenny…

Bitcoin Price Rally Fueled by Whales’ $1.6B Buy, Blockchain Data Shows

One or a group of large bitcoin buyers, also called bitcoin whales, appeared to be behind Wednesday’s price pop, based on data that showed large bitcoin purchases on exchanges during early U.S. trading hours. But why the whale – or whales – placed bitcoin buying orders of nearly $1.6 billion in a few minutes on a centralized exchange remains unclear. At press time, bitcoin was changing hands at $54,938.47, up 7.89% in the past 24 hours, according to CoinDesk 20. According to South Korea-based blockchain data firm CryptoQuant, someone or…