# AMC Theatres Mobile App Now Accepts Dogecoin, Shiba Inu And More
**Cashola**, a weekly roundup, covers **important news stories** that occurred throughout the week. It includes the **best quotes, adoption highlights, regulation updates, top coins, and predictions** – all in one convenient link.
## AMC Theatres mobile app accepts Dogecoin, Shiba Inu, and more
AMC Theatres, a popular cinema chain among retail traders, has introduced support for **Dogecoin and Shiba Inu payments** on its mobile app. Customers in the United States with Apple or Android devices can now download the app and use their memecoins to purchase movie tickets.
In January, AMC hinted at this move after enabling payment options for **Bitcoin, Ether, Bitcoin Cash, and Litecoin** back in November.
AMC partnered with **BitPay**, a Bitcoin payment service provider, to facilitate crypto transactions. Notably, merchants using BitPay do not directly receive crypto payments – BitPay converts these payments into fiat currency before depositing them into the merchant’s account.
## Crypto startup Blockchain.com planning 2022 IPO
Reports emerged that the **$14 billion crypto exchange Blockchain.com** is in discussions with banks regarding a potential **initial public offering (IPO)** scheduled for this year.
The talks, as per sources cited by Bloomberg, are provisional and subject to change, potentially influenced by a strategic leak of information to assess public sentiment prior to making any concrete moves.
If Blockchain.com successfully navigates the necessary regulatory steps and proceeds with an IPO, it would join **Coinbase** as the second U.S. crypto exchange to do so. Binance.US is also exploring a similar avenue in the future.
## Coinbase announces beta of NFT marketplace with social engagement
Coinbase, the only U.S. crypto exchange that has gone public, unveiled an **early beta version of its NFT marketplace** this week, exclusive to a limited pool of testers. Participants in the Coinbase NFT beta can create profiles online and engage in buying and selling NFTs.
Sanchan Saxena, the Vice President of Product and Ecosystem at Coinbase, described the **Coinbase NFT platform** as a fusion of social media features and marketplace elements akin to platforms like OpenSea.
## German banking giant Commerzbank applies for crypto license
Commerzbank, one of the prominent banking institutions in Germany, disclosed its application for a **crypto license** this week, marking the first move by a traditional financial entity in the country to pursue such licensing.
With over 18 million customers and 70,000 institutional clients, Commerzbank’s pursuit of a crypto custodial license could significantly promote mainstream adoption of crypto within Germany. Any entity planning to offer crypto services in the country must obtain approval from the **Federal Financial Supervisory Authority (BaFin)**.
## Goldman Sachs reportedly eyes FTX alliance with regulatory and public listing assistance
Goldman Sachs is reportedly exploring a potential partnership with the leading derivatives exchange, **FTX**, signaling a significant embrace of crypto within the banking sector.
According to a report from the Financial Times, Goldman Sachs’ CEO, David Solomon, and FTX’s founder, Sam Bankman-Fried, held private discussions in March to explore the possibilities of collaboration. The discussions revolved around regulatory compliance in the U.S., with Goldman Sachs offering support to FTX in navigating the complexities of regulatory standards and future funding rounds.
## Winners and Losers
By the end of the week, the market prices stand at **BTC: $39,628, ETH: $2,957, XRP: $0.71**, with a total market capitalization of **$1.85 trillion**, as per CoinMarketCap data.
Among the top 100 cryptocurrencies, the three **best-performing altcoins** this week include **GMT (STEPN)** with a gain of 40.66%, **ZRX (0x)** rising by 22.40%, and **DCR (Decred)** increasing by 18.98%.
Conversely, the **top three worst-performing altcoins** are **HNT (Helium)** with a decrease of -12.74%, **CVX (Convex Finance)** down by -10.82%, and **MKR (Maker)** declining by -10.81%.
For detailed cryptocurrency price analyses, refer to Cointelegraph’s market updates.
## Most Memorable Quotations
– “I see Ethereum remaining as the dominant L1 for years to come, while Bitcoin retains its status as the primary store of value on the blockchain.” – **Lynn Liss, co-founder, and COO of Akoin**
– “It’s early days, but we are encouraged by what we’re seeing and confident that blockchain games will continue to gain traction if they are interesting and fun to play.” – **Chris DeWolfe**, co-founder of Myspace, CEO, and co-founder of Jam City
– “Crypto is dead. Long live Crypto.” – **Andre Cronje**, founder of Yearn.finance
– “NO! There are already digital means of payment! So what is CBDC for? […] Even more surveillance, prevention of bank runs, addiction and the consequent enslavement of mankind? This does not prevent money laundering; this already exists on a large scale for the top 10,000 in many tax havens, e.g., [the] Cayman Islands, Macau, Dubai, etc.” – **Anonymous**
– “One of the guiding principles of the blockchain is that it is a public ledger that’s 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’re just using the same tracking and tracing mechanisms that were intended.” – **David Smith**, assistant director of investigations for the United States Secret Service
– “NFTs represent an opportunity for game developers to create games with player-owned economies; where the community of holders are both the early supporters of the game but also the main actors of its development and true stakeholders of its success.” – **Sebastian Borget**, co-founder of The Sandbox
– “It’s very improbable that all the countries would ban noncustodial wallets, or any other aspect of Bitcoin’s peer-to-peer network for that matter.” – **Stepan Uherik**, CFO for SatoshiLabs
– “My worldview pre-Bitcoin was pretty narrow. Life looked like school, work, retirement, death. Nowadays, I think slightly differently. The ultimate goal [now] might be better described as entrepreneurship and self-sovereignty.” – **Mr. ERB**, blogger
– “The point of DeFi cannot just be to trade DeFi tokens.” – **Arthur Breitman**, co-founder of Tezos
## Prediction of the Week
### BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high
Bitcoin’s price experienced a dip below $40,000 on April 17, as per Cointelegraph’s BTC price index. The asset then fluctuated between nearly $38,500 and over $41,000 within the same session. By Thursday, it had risen to around $43,000; however, it later dropped below $40,000.
A pseudonymous trader, **Crypto Ed**, shared insights in a YouTube video suggesting potential price fluctuations for BTC in the coming weeks.action. Looking back now, his predictions for the asset have been quite accurate. He anticipated that $37,500 would act as a support level for BTC, with a potential rise to $43,000 if it exceeded $40,000. He also identified $43,000 as a possible local peak, suggesting downward price pressure thereafter. The recent movement of BTC has closely followed Crypto Ed’s observations.
However, he also mentioned that in the next two weeks (from the date of his Monday video), BTC could potentially drop to the $30,000 price level.
FUD of the Week
Beanstalk Farms offers plea deal to those responsible for $76M hack
After the credit-based stablecoin protocol Beanstalk Farms fell victim to a $76 million hack earlier this week, the team proposed offering a 10% reward if the hacker returned the stolen funds.
In recent times, providing bounties to malicious hackers has become a common strategy for DeFi platforms, aiming to recover the project’s funds quickly and resume operations.
Interestingly, the project’s founders Benjamin Weintraub, Brendan Sanderson, and Michael Montoya acknowledged in a podcast interview on Monday that the flaws in Beanstalk’s design were the main cause of its downfall.
MetaMask alerts Apple users about iCloud phishing threats
Crypto wallet provider MetaMask issued a warning to users about potential iCloud phishing attacks that could result in significant financial losses.
The security concern is linked to default device settings on Apple devices, where a user’s seed phrase or “password-encrypted MetaMask vault” is stored on iCloud if automatic backups are enabled for the MetaMask application data.
MetaMask’s caution was prompted by reports from an NFT collector known as “revive_dom” on Twitter, who disclosed that their entire wallet, containing digital assets and NFTs worth $650,000, was wiped out due to this specific security issue.
FBI and CISA sound the alarm on North Korean cyberattacks targeting crypto
On Monday, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) issued an alert regarding state-sponsored cyber attacks from North Korea.
The alert was prompted by the Ronin Bridge hack last month, suspected to be orchestrated by North Korean hackers. The FBI and CISA emphasized that hackers are focusing on DeFi protocols and play-to-earn games, employing spearphishing and malware as their preferred tactics.
The CISA warned, “These threat actors are likely to continue exploiting vulnerabilities in cryptocurrency technology firms, gaming companies, and exchanges to generate and launder funds to support the North Korean regime.”
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Image Source: salarko / Shutterstock
