AMC accepts dogecoin as payment for gift cardsĪlso on Tuesday, AMC Entertainment CEO Adam Aron tweeted that AMC theaters will begin to accept dogecoin as payment for gift cards. Support for other cryptocurrencies like ether is expected over time.ģ. Private keys, or a string of letters and numbers similar to a password, are used to unlock access to a holder's cryptocurrency. This service will help managers store private keys for bitcoin, bitcoin cash and litecoin. Sub-custodian NYDIG will assist in the endeavor. Bank, the fifth-largest retail bank in the nation, announced that its cryptocurrency custody service is available to fund managers, CNBC reported. This represents 22% of the total NFT trading volume.Ģ. In the third quarter of 2021 alone, in-game items generated $2.3 billion in trading volume, DappRadar found. Though things cooled off slightly in September, it still accounted for over $ 4 billion in trading volume.Ī current lucrative use for NFTs is in-game items, in which users can buy things like skins or accessories to be used in blockchain-based video games. It was a record-breaking month, according to DappRadar, with over $5.2 billion in trading volume. That's a 704% increase from the previous quarter.Īugust, in particular, fueled this growth. NFT, or nonfungible token, trading volume surged in the third quarter of 2021 to $10.67 billion, a report by analytics platform DappRadar found. NFT trading volume hit $10.7 billion last quarter Outside of price movement, here are five other key things that happened in crypto this past week.ġ. Shiba inu still has a long way to go, though. Other altcoins jumped as well this week, including meme-coin shiba inu, which aims to compete with dogecoin.
The rally is likely due to a couple of reasons, including hope that a bitcoin futures ETF could be approved by the Securities and Exchange Commission soon and excitement after Federal Reserve chair Jerome Powell clarified that he has no intention to ban bitcoin in the U.S., which seemed to "embolden" investors, Ned Davis Research told CNBC. It's up over 30% in October, currently trading at around $57,442. The price of bitcoin, the largest cryptocurrency by market value, surpassed $57,000 on Monday morning, extending its two-week rally.
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