AMC Theatres has partnered with Bitpay to offer various crypto payment options, including Dogecoin (DOGE) and Shiba Inu (SHIB). AMC Theatres CEO Adam Aron announced the development on Twitter. In the tweet, Aron said that people across the U.S. using AMC’s iOS and Android apps could use crypto payments to pay for tickets and other services. …
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Grayscale Investments’ CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is ‘a Matter of When and Not If’ The U.S. Securities and Exchange Commission (SEC) has now approved not one but two …
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. “We continue to see demand, particularly from young investors, for access to the rapidly growing industries,” said Fidelity. Fidelity Sees Demand for Crypto, Metaverse Investments Fidelity …
Another DeFi platform took a major hit today, as the decentralized, credit-based stablecoin Beanstalk (with it’s stablecoin $BEAN) has broken it’s peg following a roughly $80M hack. Speculation has been left, right and center and a number of sleuths have been tracking the movement of funds and studying the exploit that has likely left Beanstalk …
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On Easter Sunday, the majority of cryptocurrencies traded downward. Bitcoin, which leads the pack, couldn’t shake off the retreat. The total market capitalization of all cryptocurrencies as of Sunday was $1.87 trillion, down 0.69 percent from the previous day. Expectations remain that Bitcoin (BTC) will continue to decline in the short term, as price compression …
FTX.US president Brett Harrison says the expansion of trading products will be crucial for the development of crypto asset markets. In a lengthy Twitter thread, FTX.US chief Brett Harrison says US crypto markets lack specific features that allow investors to diversify their risk and hedge their portfolios. “If one of the main purposes of a financial …
NFT wash trading is a problem for investors, the global community, collectors and traders because these participants use less liquid nonfungible tokens to manipulate the price of an asset. Due diligence has become more difficult as investors have been forced to rely on measurable statistics, making wrong investment decisions. To encourage NFT investments and prevent …
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American Idol will mint non-fungible tokens (NFTs) to commemorate its 20th season and two decades of airing in the U.S. A press release unveiled this news on April 14, noting that the program seeks to issue the NFTs in the form of contestant-based trading cards. American Idol partnered with Theta Labs on this initiative. According …
Ethereum’s(ETH) transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism — the so-called Merge — will not happen in June as many have predicted. As reported by CryptoSlate on April 14, Ethereum core developers will not yet be ready for the merge before the end of the third quarter. The highly-anticipated merge will mark …
Continue reading “Ethereum post-merge staking rewards will likely be lower than anticipated”
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% this week. Moreover, over the last seven days, an NFT collection called Moonbirds saw the …
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, …
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The co-founders of leading analytics firm Glassnode are warning Bitcoin traders that the current macroeconomic backdrop could ignite another sell-off event for BTC. In Glassnode’s latest newsletter, Jan Happel and Yann Allemann say that Bitcoin’s correlation to risk-on assets remains high, suggesting that a correction in the US stock market will likely drag down BTC …
A popular attorney who tracks and analyzes the U.S. Securities and Exchange Commission’s (SEC) lawsuit with Ripple says that the top regulator has made an unexpected decision in their suit. The SEC sued Ripple in late 2020 under allegations that the payments firm sold XRP as an unregistered security. Attorney Jeremy Hogan says that he …
The Bitcoin price prediction slides below the resistance level of $40,605. Further downside momentum appears to be imminent, but $40,000 may likely come out as support. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $36,000, $34,000, $32,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD soars to $40,605 …
Top US-based crypto exchange platform Coinbase says it’s making a three-part film series featuring the Bored Ape Yacht Club non-fungible token (NFT) community. In a new tweet, the crypto exchange says that members of the NFT-based community can help create the trilogy by submitting their Bored Apes for casting. According to the Bored Ape Yacht …
