The film industry has been suggested by many as one of the next frontiers of Web3 and blockchain technology. With movies historically funded by wealthy investors or centralized production companies, blockchain offers a unique set of tools to decentralize the investment process. Filmmakers can launch projects quicker, and individuals can have a stake in the financial outcome of a film in a way not historically possible — all with the benefit of blockchain’s transparency and efficiency. The trend toward tokenization in all forms of entertainment is growing, and with it…
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SOL, LINK, NEAR and THETA flash bullish as Bitcoin takes a breather
Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejections of the spot Bitcoin exchange-traded fund applications before they are finally approved. Multiple analysts believe Bitcoin will enter a correction in the near term, with the worst outcome projecting a drop to $30,000. However, the fall is unlikely to start…
Read MoreSBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28
Top Stories This Week Sam Bankman-Fried takes the stand on FTX’s collapse Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while acknowledging making “big mistakes” during the companies’ explosive growth. Highlights of his testimony include denying directing his inner circle to make significant political donations in 2021, as well as claims that FTX’s terms of use covered transactions between Alameda and the crypto exchange. Additionally, Bankman-Fried testified that he requested additional hedging…
Read MoreThe Secrets Of The S Curve: Why Bitcoin Adoption Takes Longer Than You Think
This is an opinion editorial by Bitcoin Graffiti, a software developer and graffiti artist. In 1714, the British Parliament introduced the Longitude Act, a law rewarding a £20,000 bounty (more than $1 million in today’s money) to anyone who could accurately determine longitude at sea. Captains had been struggling with poor navigation since the onset of global trade. Though sailors could easily measure latitude by gauging the sun’s height, longitude was very hard to determine and inapt techniques veered vessels of course. Without visual bearings, humans were sailing blind on…
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