In brief AMC has given out free NFTs to more than 580,000 shareholders. The movie theater chain began accepting cryptocurrency payments last year. Movie theater chain AMC has increasingly leaned into the world of cryptocurrency since the initial meme stock frenzy that sent its share price soaring about this time last year. Now the company has made good on its…
Crowdfunding is a powerful mechanism for innovation and supporting social enterprises. Platforms like Kickstarter and Indiegogo have spearheaded the web 2.0 crowdfunding movement, which has led to the creation of several billion-dollar tech startups, like Oculus, and raised millions for thousands for causes. Through these platforms, online communities have been able to join forces and mobilize resources at an unimaginable…
The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people everywhere.” ‘Bitcoin Is the Future and I’m a Believer’ — Mixed Martial Arts Champ…
Crypto asset manager Hashdex today announced that it has received approval to launch what the company is describing as the “world’s first” DeFi ETF. Developed in collaboration with cryptocurrency index provider CF Benchmarks, Hashdex’s new CF DeFi Index ETF—which will trade under the ticker DEFI11—will track the price of the CF Benchmark’s DeFi Modified Composite Index. That index will itself…
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Reports indicate that Intel, one of the largest computer processor manufacturers, intends to reveal a new “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known as Bonanza Mine at the upcoming IEEE International Solid-State Circuits Conference in February 2022. Intel submitted a patent in November 2018 outlining similar ideas for “high-performance Bitcoin Mining.” It is suspected that the processes described in the patent could make…
OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders Nadav Hollander and Brendan Forster, will become OpenSea’s new Chief Technology Officer and its Head of Strategy, respectively. OpenSea claimed this acquisition will help accomplish its mission to…
The cryptocurrency market faced another day of weakness on Jan. 18 as the price of Bitcoin (BTC) dropped lower and additional pressure was also put on the altcoin market. Currently, the crypto Fear and Greed Index registered “Extreme Fear” among investors and some traders caution that BTC price could soon fall below its recent $39,000 swing low. Crypto Fear &…
Francis Ngannou is ranked as one of the top mixed martial artists in the world and currently holds the UFC heavyweight title. Soon, he’ll be holding some Bitcoin, too. The French-Cameroonian fighter announced via social media today that he would take half of his prize purse from this weekend’s UFC 270 event in Bitcoin while also giving out $300,000 in…
Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion. Animoca Brands Raises $358 Million in Financing Led by…
