Coinbase NFT launches beta, AMC Theatres rolls out SHIB and DOGE payments, and eyes IPO: Hodler’s Digest, April 17-23

Coming every Saturday Hodler’s compendium It will help you keep track of all the important news that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more – a week on Cointelegraph in one link.

Top news this week

AMC Theaters mobile app accepts Dogecoin, Shiba Inu and more

Favorite movie theater chain, AMC Theaters, has updated its mobile app to support Dogecoin and Shiba Inu payments. US-based customers using Apple or Android phones can download the app and spend their highly volatile memecoins on movie tickets.

The company first teased the idea in January, after rolling out payment support for Bitcoin, Ether, Bitcoin Cash, and Litecoin in November.

AMC is able to accept crypto payments through a partnership with BitPay, a Bitcoin payment service provider. It should be noted that merchants using BitPay do not receive crypto payments directly. Instead, BitPay converts crypto payments to fiat before depositing them into the merchant’s account.

Cryptocurrency Startup Plans IPO for 2022

It was reported on Tuesday that the $14 billion crypto exchange is in talks with banks regarding launching a possible initial public offering (IPO) this year.

Unnamed sources at Bloomberg stated that the talks were very tentative and could change at any time (especially if has instructed those unidentified sources to leak information to get a sense of public sentiment before revealing anything concrete).

If the firm manages to clear all regulatory hurdles and go public through an IPO, it would join Coinbase as the only other US crypto exchange to do so. Binance.US is also looking at a possible similar route in the future.

Coinbase Announces Beta of NFT Marketplace with Social Engagement

Speaking of the only US crypto exchange to go public, Coinbase released an early beta of its NFT marketplace to a select number of testers this week. At this stage, early Coinbase NFT users can create profiles online, as well as buy and sell NFTs.

In a blog post on Tuesday, Coinbase VP of Product and Ecosystem Sanchan Saxena hinted that Coinbase NFT would be a hybrid platform that takes elements from social media services and marketplaces like OpenSea.

“While it is true that buying and selling NFTs is a big part of the ecosystem today, what we have learned from talking to many customers and creators is that there is more to it than just buying and selling,” Saxena said. “There’s the community aspect.”

German Banking Giant Commerzbank Files for Crypto License

One of Germany’s banking giants, Commerzbank, revealed this week that it had applied for a crypto license, making it the first traditional financial institution in the country to do so.

A spokesperson told local media outlet Börsen-Zeitung that it had “applied for the crypto custody license in the first quarter of 2022.” The move would greatly contribute to the integration of cryptocurrencies in the country, as the bank serves more than 18 million clients and 70,000 institutional clients.

Any company looking to implement crypto services in Germany must first obtain approval from the Federal Financial Supervisory Authority, also known as BaFin.

Goldman Sachs Reportedly Eyeing FTX Alliance With Public Listing And Regulatory Assistance

Goldman Sachs is reportedly looking to secure an alliance with leading derivatives exchange FTX, offering a strong show of faith in cryptocurrencies in the banking sector.

According to the Financial Times, Goldman Sachs CEO David Solomon and FTX founder Sam Bankman-Fried met behind closed doors in March to discuss how a potential partnership might work for both companies.

Key areas of discussion were said to involve compliance in the US, with Goldman Sachs offering to help FTX navigate the murky waters of regulation, as well as helping with future funding rounds.

winners and losers

At the end of the week, Bitcoin (BTC) I sat down $39,628ether (ETH) in $2,957 Y XRP in $0.71. Total market capitalization is $1.85 trillion, according to CoinMarketCap.

Among the 100 largest cryptocurrencies, the top three altcoin gainers of the week are STEPN (GMT) at 40.66%, 0x (ZRX) to 22.40% and decreased (RCD) at 18.98%.

The top three altcoin losers of the week are Helium (HNT) at -12.74%, finances convex (CLC) at -10.82% and Maker (MKR) at -10.81%.

For more information on cryptocurrency prices, be sure to read Cointelegraph Market Analysis.

most memorable quotes

“I see Ethereum remaining the dominant L1 for years to come, while Bitcoin retains its status as the primary store of value on the blockchain.”

Lynn Lissco-founder and COO of Akoin

“It’s early days, but we’re encouraged by what we’re seeing and are confident that blockchain games will continue to gain traction if they’re interesting and fun to play.”

Chris DeWolfeco-founder of Myspace, CEO and co-founder of Jam City

“Cryptocurrencies are dead. Long live Crypto.”

Andre Cronjefounder of

“NO! Digital payment methods already exist! So, what is CBDC for? […] Even more surveillance, prevention of bank runs, addiction and the ensuing enslavement of humanity? This does not prevent money laundering; this already exists on a large scale for the top 10,000 in many tax havens, for example, [the] Cayman Islands, Macao, Dubai, etc.”


“One of the guiding principles of the blockchain is that it is a public ledger that is shared and everyone with a little bit of computing power has access to it. [including] law enforcement. So the secret service hasn’t been doing anything that wasn’t the original intent of the blockchain. We are simply using the same tracking and tracing mechanisms that were intended.”

David Smithdeputy director of investigations of the United States Secret Service

“NFTs represent an opportunity for game developers to create games with player-owned economies; where the community of owners are both early supporters of the game and major players in its development and genuine stakeholders in its success.”

Sebastian Borgetco-founder of The Sandbox

“It is highly unlikely that all countries will ban non-custodial wallets, or any other aspect of the Bitcoin peer-to-peer network.”

Stepan UherikCFO of SatoshiLabs

“My view of the world before Bitcoin was quite limited. Life was like school, work, retirement, death. Today, I think a little differently. the last goal [now] could best be described as entrepreneurship and self-sovereignty.”

Mr ERBblogger

“The goal of DeFi cannot simply be to trade DeFi tokens.”

arthur breitmanco-founder of Tezos

prediction of the week

BTC Could Drop to $30K in 2 Weeks, Trader Warns Gold Hits $2K High

The price of Bitcoin fell below $40,000 on April 17, according to Cointelegraph BTC Price Index. The asset then proceeded to drop to nearly $38,500 the following day, followed by a subsequent move higher to $41,000 during the same session. By Thursday, the asset had risen to around $43,000, although some downward action followed the same day, with the asset dipping below $40,000.

The pseudonymous trader “Crypto Ed” posted a YouTube video on Monday talking about BTC price action. Looking back now, his expectations for the asset have proven to be quite accurate. He expected $37,500 to serve as a bounce point for BTC, followed by a potential run to $43,000 if the asset breaks above $40,000. He eyed $43,000 as possibly just a local high, with the asset facing downward price pressure after that. Last week shows that BTC moved quite a bit in line with comments from Crypto Ed.

However, he also mentioned that in the next two weeks (as of the date of his Monday video) or so, BTC could finally hit the $30,000 price level.

fud of the week

Beanstalk Farms Offers Plea Deal to Perpetrators of $76 Million Exploit

After credit-based stablecoin protocol Beanstalk Farms was hacked for around $76 million earlier this week, the team offered a 10% reward if the hacker returned the funds.

Bounty offers to blackhat hackers are becoming a common method for DeFi platforms in recent times, as they seem to be the most viable way to get project funds back and up and running as quickly as possible.

Notably, the project’s founders, Benjamin Weintraub, Brendan Sanderson, and Michael Montoya, admitted during a podcast interview Monday that Beanstalk’s design flaws “ultimately led to its undoing.”

MetaMask Warns Apple Users About iCloud Phishing Attacks

Crypto wallet provider MetaMask has warned the community about potential Apple iCloud phishing attacks that could prove very costly.

The security issue is related to the default device settings on Apple devices that see a user’s seed phrase or “password-encrypted MetaMask vault” stored in iCloud if the user has enabled automatic backups for Apple data. your MetaMask application.

The MetaMask warning came in response to reports from an NFT collector going by the name “revive_dom” on Twitter, who stated that his entire wallet containing $650,000 worth of digital assets and NFTs was wiped through this security issue. specific.

FBI and CISA Issue Alert on North Korea Cyberattacks on Crypto Targets

On Monday, the US Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) issued an alert about state-sponsored cyberattacks from North Korea.

The warning was made in response to the Ronin Bridge hack last month, which is believed to have been carried out by North Korean hackers. The FBI and CISA highlighted that hackers specifically target DeFi protocols and, in particular, play-to-win games, with spearphishing and malware being the preferred methods.

“These actors are likely to continue to exploit the vulnerabilities of cryptocurrency technology companies, gaming companies, and exchanges to generate and launder funds to support the North Korean regime,” the CISA wrote.

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