🍿 AMC Theatres mobile app accepts Dogecoin
Along with Shiba Inu
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Hey Waivly Crew! 🌊 On Sunday morning, credit-based stablecoin protocol Beanstalk got exploited for $182M. President Biden has nominated former Ripple Adviser Barr as top US Fed regulator.
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AMC allows customers to purchase movie tickets with Shiba Inu and Dogecoin
AMC will now allow its customers to purchase movie tickets and concessions with Dogecoin and Shiba Inu through their official app, according to an announcement made by CEO Adam Aron.
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The company added support for cryptocurrencies through the integration of Bitpay to their AMC Theatre app after announcing back in November that they will be exploring ways they can accept cryptocurrency as a form of payment. The process of paying with cryptocurrency is relatively easy. First, the users will go through the normal process of purchasing a ticket and concessions, then select Bitpay as the method of payment when they are checking out.
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Once Bitpay is selected, the user will have to connect their crypto wallet or get an address where they can send the cryptocurrency of their choosing to complete their purchase. AMC’s Bitpay feature supports cryptocurrencies such as Bitcoin, Ethereum, and now Dogecoin.
Beanstalk protocol exploited for $182 million
Beanstalk, a credit-based stablecoin protocol built on Ethereum, got exploited for $182 million on Sunday morning.
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According to blockchain security and data analytics company PeckShield, the entire protocol lost around $182 million in total value locked (TVL).
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This happened after an attacker tricked the protocol by creating $1 billion in flash loans on lending platform Aave, which enabled them to amass a large amount of Beanstalk’s native governance token, Stalk. With these assets, the hacker had enough voting power to take over 67% of the protocol’s governance and approve their own proposals.
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“Beanstalk did not use a flash loan resistant measure to determine the % of Stalk that had voted in favor of the BIP. This was the fault that allowed the hacker to exploit Beanstalk,” Beanstalk project leads said.
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The hacker got away with 24,830 ETH and 36M BEAN, totalling around $80 million, that was funnelled through Tornado Cash, a cryptocurrency mixer protocol allowing private transactions.
The Waves
💰 Moonbirds has a successful launch
🏦 Central Bank of Portugal grants Bison Bank first crypto license
👀 Paris Blockchain Week Summit 2022 highlights
🏀 NBA announces upcoming NFT project
NFT Special
Pervigilium Tarot is a collection of tarot cards preoccupied with the morbid and the mysterious, embedded in the great archetypes. Named after a lesser-known poem by T.S. Eliot, “Prufrock’s Pervigilium,” which recounts the soul-searching wakefulness and the mad ramblings of nightly thoughts. The collection draws on the terrifying yet transformative power of vigil.
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After looking at CryptoPunks, Nicole got inspired to do something completely different from them and created Alien Punk avatars. Within Blender, each avatar has been rendered with different colours on hair, body, and background to create unique pieces. All of them are 1/1.
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The Crypsons is a one-of-a-kind collection representing characters from the famous cartoon show The Simpsons under the form of manually designed pixels NFTs. All characters are unique, but some are even more unique than the rest. There will be only 100 unique characters.
Biden to nominate former Ripple adviser as Vice Chair of Fed
U.S. President Joe Biden President Joe Biden has announced his plans to nominate Michael Barr, former advisor at blockchain company Ripple Labs, to serve as the Federal Reserve’s chief banking supervisor.
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In the position, created in 2010 as part of the Dodd-Frank Act, Barr would be in charge of developing policy recommendations regarding bank supervision and regulation for the Fed's board of directors.
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Given Barr’s previous experience in the crypto industry, the majority of crypto enthusiasts reacted positively to the announcement on social media.
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“Barr has strong support from across the political spectrum — and has been confirmed by the Senate on a bipartisan basis,” said President Biden. “He understands that this job is not a partisan one, but one that plays a critical role in regulating our nation’s financial institutions to ensure Americans are treated fairly and to protect the stability of our economy.”
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While the official announcement didn't mention Barr's background in the blockchain industry, back in 2015, Barr joined the advisory board of Ripple Labs, the company behind Ripple, a blockchain-based digital payment network and protocol with its own cryptocurrency, XRP.
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“I’m excited to be joining the Advisory Board of Ripple Labs,” Barr said when he joined Ripple. “Our global payments system is badly outdated. I think innovation in payments can help make the financial system safer, reduce cost, and improve access and efficiency for consumers and businesses alike.”
Own and secure your crypto with Ledger
If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.
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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.
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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
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