A popular Hollywood producer and apparently a Bitcoin fanatic is viral on many best cryptocurrency news sites because of his interest in creating a cryptocurrency movie.
The producer of the Netflix hit “Mudbound” believes that a crypto movie is an interesting topic and one he is looking into. However, he also said that the movie must not bore people to death or fill their brains with inaccuracies about the space.
What’s interesting and a positive factor in all of this is the fact that the producer’s “Mudbound” movie managed to get a nomination from the Academy Awards – which is why many are optimistic about this cryptocurrency movie coming along.
We are talking about Kyle Tekiela, named as a “five-time Emmy award winner and co-founder of Common Enemy” on his company website. In fact, Tekiela probably used the Twitter handle of his company @CommonEnemyInc to throw out the idea on social media.
“If I wanted to make a (real) movie with ONLY Bitcoin/Litecoin/Ethereum donations, and share all profits with those that donated, would you support me?
— COMMON ENEMY (@CommonEnemyInc) May 17, 2019“
We can all agree that fellow enthusiasts yearn for a cryptocurrency movie – but only one that would do the space justice – unlike “Crypto” with Kurt Russell which was criticized for being produced by people who didn’t understand Bitcoin. As the latest cryptocurrency news show, Tekiela’s project may be the right one on the horizon.
The tweet immediately drew responses from many people – and a significant player named Defrost on Twitter – who apparently wants in.
“What would the movie be about (crypto related or unrelated)? Great idea.
Both of my room mates work in the movie industry in ATL, pre & post production.
— Defrost🥶 (@defrost94) May 17, 2019“
Not everyone was on board with the idea of a cryptocurrency movie though.
“Hopefully not crypto, some terrible crypto related movies have been made. I’d much rather watch @btcandfriends. Just don’t see how this would be worth an investment. Better off just buying crypto straight up.
— Dr. Rob D.eez Nutz (@BoilingPointLTC) May 18, 2019“
This is why Common Enemy (Tekiela) decided to couch his idea in a call for donations and allow people to support the cryptocurrency movie project.
“Everyone would be paid in crypto. A total crypto ecosystem from top to bottom. This has never been done before,” he concluded.
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“The asset class is here to stay…I think it’s now being looked at potentially as an important part of a diversified portfolio…I think the asset class is really ready for the next phase.”Silbert also pointed out to the crypto industry that its infrastructure including the ‘’institutional grade custody solutions trading software’’ is one big sign for the maturing of the ecosystem. There are multiple catalysts that show how big the demand from institutional investors is but not one includes geopolitical tensions between the US and China. Bitcoin claims still the position that it holds as one of the best-performing assets. As noted in the latest cryptocurrency news, Anthony Pompliano noted:
“In May, BTC had a nearly perfect negative correlation with the S&P 500.”
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“Between the day of the announcement and the trough of the drawdown, Bitcoin largely outperformed the following major markets and currencies, producing a cumulative return of 53.6 percent versus an average return of -10.1 percent.”Bitcoin was used to hedge against the Chinese liquidity risk, caused by local investors when they sold their assets against a structural currency devaluation. When it comes to Brexit as a topic in the altcoin news, during the first one-day global selloff of the pound sterling (GBP) and euro, the researchers found that "Bitcoin was a top performing asset" which boasted a return of 7.1% on strong volume versus an average of -2.1% for the rest of the group of currencies. On top of this, the researchers find cause to recommend because the details of the transaction plan are still being worked out.
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Brokerage Giant TP ICAP Opens Its Doors To Bitcoin Trading
“We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market.”The brokerage giant TP ICAP hopes that the new bitcoin trading option will attract the new clients’ money and will diversify its offering. The company which operates as an intermediary to financial, commodity and energy markets has seen a slight slump in revenue since the 2008 meltdown. Brokerage companies like ICAP mainly make trades for its banking partners but the volumes show that the company was forced to issue a profit warning in 2018. The initiative will be conducted from London by Duncan Trenholme and Simon Forster who have plans to expand in the United States and in Asia. The ICAP services will provide derivatives trading but they won’t turn their eyes from the option to hold digital assets directly in the future. Forster admitted that the number one cryptocurrency poses a threat to traditional assets so the finance executives can’t really afford to stand on the sidelines:
“TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”The traditional finance firms are slowly getting into crypto as well. At the start of the year, Fidelity launched bitcoin custody services for their clients. The multi-million asset management company will also facilitate bitcoin trading in the upcoming months. Also as noted in some of the best cryptocurrency news sites, the Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange is preparing to launch Bakkt which is a physically-settled bitcoin futures and custody offering. In the meantime, Nasdaq will launch its own platform for bitcoin derivatives in 2019.
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