Crypto Currency

Hollywood Tackles Blockchain—With Not-Disastrous Results

true story is that of a 30-year-old crypto CEO, (apparently) dead of complications from Crohn’s disease while volunteering at an Indian orphanage, who leaves behind a riddle of false identities, illicit side ventures, and $100 million in missing cryptocurrency. Now there's a movie I’d pay to see.Instead, Hollywood has given us Crypto, a product of…


true story is that of a 30-year-old crypto CEO, (apparently) dead of complications from Crohn’s disease while volunteering at an Indian orphanage, who leaves behind a riddle of false identities, illicit side ventures, and $100 million in missing cryptocurrency. Now there’s a movie I’d pay to see.

Instead, Hollywood has given usCrypto,a product of headier times, when the bitcoin bubble still held air. Like many bad investments of that era, the movie hitched itself to the trending topic and prayed the trend was upward.Crypto, directed by John Stalberg Jr., had the makings of a blockbuster, with an all-star-ish cast including Kurt Russell, Alexis Bledel, and that other Hemsworth brother. It was released unceremoniously last Friday, direct-to-stream.

Beau Knapp plays Morton, a bank compliance officer whose “patriotic” adherence to money-laundering laws gets him kicked out of HQ in New York. Relocated to the local branch in his upstate hometown, Morton finds the place beset by modernity. The gentrifiers have arrived; there’s an art gallery, with an opioid-abusing proprietor. A cold snap has taken out his father’s potato farm. The liquor store owner hawks initial coin offerings, letting townies steal six-packs while he mines crypto in the storage room. (He’s pulling $500 a day.)

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Yes,Cryptois full of references to cryptocurrency. Some of them, like Bledel’s grousing about a bitcoin ATM, are even charming. But the movie isn’t really about crypto. Instead, it’s preoccupied with eulogizing the loss of hometown innocence, following a set of tired themes—drugs, crime, climate change, foreigners. (As the heroin-addled gallerist, a corrupt townie herself, puts it just before betraying her Russian mobster beau: “Life’s not simple anymore,” anywhere.) Bitcoin just serves as a handy meme to thread those social ills into the semblance of a plot.

Hollywood’s take on crypto wasn’t expected to be nuanced. What’s surprising a

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Crypto Currency

The Architecture of Money: Mapping Financial Power in the Age of Bitcoin

Bitcoin Magazine The Architecture of Money: Mapping Financial Power in the Age of Bitcoin Carlijn Kingma, Thomas Bollen, and Martijn Jeroen van der Linden on The Waterworks of Money, the hidden structures of finance, and bitcoin’s place in Europe’s monetary future. This post The Architecture of Money: Mapping Financial Power in the Age of Bitcoin

Bitcoin Magazine

The Architecture of Money: Mapping Financial Power in the Age of Bitcoin
Carlijn Kingma, Thomas Bollen, and Martijn Jeroen van der Linden on The Waterworks of Money, the hidden structures of finance, and bitcoin’s place in Europe’s monetary future.
This post The Architecture of Money: Mapping Financial Power in the Age of Bitcoin first appeared on Bitcoin Magazine and is written by Dennis Koch…
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Crypto Currency

Wall Street’s Bitcoin bears quietly retreated despite recent plunge toward $80,000

CFTC data for Oct. 13 show rising spread legs lifted gross longs despite fewer outright longs, without establishing spot buying. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox…

CFTC data for Oct. 13 show rising spread legs lifted gross longs despite fewer outright longs, without establishing spot buying.
Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox…
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Crypto Currency

Bitcoin Price Outlook: Strive’s BTC Accumulation Could Accelerate Momentum

Strive purchased 4,045 BTC worth approximately $335 million last week, bringing its two-month accumulation to 15,462 BTC valued at $1.27 billion. With Bitcoin trading near $81,000, traders are watching $80,400 support and $82,500 resistance, while a breakdown could expose the $78,500 level…

Strive purchased 4,045 BTC worth approximately $335 million last week, bringing its two-month accumulation to 15,462 BTC valued at $1.27 billion. With Bitcoin trading near $81,000, traders are watching $80,400 support and $82,500 resistance, while a breakdown could expose the $78,500 level…
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Crypto Currency

Strategy buys another $22 million of Bitcoin, increases planned share buybacks

Strategy bought the Bitcoin dip—again. The digital asset treasury giant disclosed Monday that it added more than $22 million worth of the cryptocurrency last week, as prices swung between roughly $80,000 and $84,000. Recommended Video The latest purchase added 267 Bitcoin to Strategy’s total holdings, which are currently worth around $64 billion. The company also

Strategy bought the Bitcoin dip—again. The digital asset treasury giant disclosed Monday that it added more than $22 million worth of the cryptocurrency last week, as prices swung between roughly $80,000 and $84,000.

The latest purchase added 267 Bitcoin to Strategy’s total holdings, which are currently worth around $64 billion. The company also spent roughly $193 million buying back shares of STRC, one of its preferred stocks, which pays investors regular dividends. Its board also approved an additional $1 billion for preferred-share buybacks, bringing the total authorization to $3 billion.

Strategy’s latest acquisition comes a week after its previous purchase of $21 million worth of Bitcoin. Since August, the company has bought Bitcoin on six separate occasions, renewing its aggressive buying streak.

Its latest purchase comes amid sharp swings in Bitcoin’s price that briefly threatened to erase its gains over the past two months. In August, the cryptocurrency snapped its losing streak, climbing from roughly $63,000 to $77,000. By late September, it had topped $80,000 for the first time since May and reached a peak of about $86,000.

But over the past week, a series of tensions have fueled swings in Bitcoin’s price. Oil prices jumped Friday as attacks on shipping in the Strait of Hormuz raised fears of supply disruptions, adding to inflation concerns. Prices fell Monday after President Donald Trump waived some Russia-related sanctions and tariffs, raising hopes that more fuel would reach global markets.

Technology stocks also sold off as investors questioned whether the AI boom could last. The Nasdaq fell more than 2% Friday, but regained most of those losses by Monday morning.

But Strategy’s latest purchase shows the company is continuing to build its holdings despite the market’s swings, in line with executive chairman Michael Saylor’s long-standing preference for holding Bitcoin. “You do not sell your Bitcoin,” he said last October.

Strategy briefly departed from that stance earlier this year, however, selling Bitcoin on four separate occasions during a bear market that pushed the cryptocurrency’s price as low as $58,000 in June.

Fortune Daily breaks the traditional barrier between audience and

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