Day: January 6, 2022

AMC Theatres on Track to Accept Dogecoin and Shiba Inu Payments in Q1, CEO Confirms – Featured Bitcoin News

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The CEO of the world’s largest movie exhibition company, AMC Entertainment, says his company is on track to accept meme cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) in the first quarter of this year. Dogecoin and Shiba Inu Coming to AMC Theatres Soon The CEO of AMC Theatres, Adam Aaron, has provided an update on his company’s progress in accepting meme cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB). AMC Entertainment Holdings (NYSE: AMC), aka AMC Theatres, is the largest movie exhibition company in the U.S., Europe, and the world. The…

First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention

Good morning. Here’s what’s happening: Market moves: Bitcoin stabilized near $43,000 after Wednesday’s sell-off, while traders’ attention turned to layer 1 tokens. Technician’s take: Oversold signals remain intact for bitcoin, although upside is limited. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $43,073 -1.09% Ether (ETH): $3,407 -4.097% Markets S&P 500: 4,696-0.096% DJIA: 36,236 -0.47% Nasdaq: 15,080 -0.13% Gold: $1,790 -1.09% Market moves Bitcoin stabilized around $43,000 after it fell to near $42,000, while a few layer 1 tokens…

SEC Charges Founder of Crypto Startup Crowd Machine With Fraud

“As alleged, Sproule and Crowd Machine misled investors about how they were using ICO proceeds, spending funds on an entirely unrelated scheme,” Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit said in the statement. “We will continue to hold accountable issuers of digital asset securities who fail to provide fulsome and truthful disclosure to the public,” she added. Source

GameStop Surges Following Report It’s Launching NFT Marketplace

Shares of GameStop (GME), the original meme stock that stoked retail investor frenzy in buying highly volatile stocks last January, surged as much as 31% in after-market trading Thursday after the Wall Street Journal reported that the company is launching a division to build a marketplace for non-fungible tokens (NFT) and to establish cryptocurrency partnerships. The video-game retailer hopes the new unit will lead its turnaround efforts to become profitable, the newspaper said, citing people familiar with its plans. GameStop’s plan calls for it to build an online hub for…

Pocket Network Announces Closing of Its Strategic Private Sale to Accelerate Network Development & Global Expansion – Press release Bitcoin News

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press release PRESS RELEASE. Pocket Network exceeded $56,000,000 in monthly revenues in December placing it in the Top Five revenue producer for blockchains globally surpassing many well known chains. Tampa Bay, Florida, U.S.A – 6th January 2022 – Pocket Network – an infrastructure middleware protocol that provides decentralized cloud computing and abundant bandwidth on full nodes to other applications across 20 blockchains, including Ethereum, Polygon, Solana and Harmony has closed a strategic round of $10 Million led by Republic Capital, RockTree Capital, Arrington Capital and C2 Ventures, as well as…

Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’

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The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they needed to “carefully assess” how to potentially introduce nonfungible tokens, or NFTs, into Sega titles to “mitigate the negative elements” and work within Japanese regulations. The executives cited “negative reactions” from users overseas rewarded…

Polygon Under Accidental Attack From Swarm of Sunflower Farmers

A simple transaction on Polygon currently costs roughly 500 gwei, or $0.50, up from fractions of a cent. Additionally, the number of active addresses on Polygon’s Proof of Stake chain has spiked 60% in a single week, with over 200,000 accounts transacting on the chain. Current speculation is that many of these addresses are “bots.” Source

Pakistan Likely to Earn Billions From Cryptocurrency – Emerging Markets Bitcoin News

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According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves Pakistan may potentially raise billions of dollars from crypto assets held by its nationals or by residents with dual citizenship, a policy document produced by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has said. According to a report in The Business Recorder,…

The Rise of the Bitcoin Treasury, Dec. 30–Jan. 6

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The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates.  2021 was the year that institutions and corporations became major movers and shakers in the Bitcoin market. By the end of the year, corporations and investment funds held roughly 1.48 million BTC, which represents 7% of the current circulating…