Movie star Johnny Depp is the latest celebrity to take the plunge into the world of cryptocurrency.
Depp is hoping his new venture will turn to gold even though many other big names who have dipped into crypto have had their fingers and reputations burned by scandal.
Always one for the big project, Depp is taking on internet video giant YouTube in his collaboration linking his production company Infinitum Nihil with social entertainment platform TaTaTu.
From Depp’s side, his company will generate exclusive content for the network.
TaTaTu is a blockchain start-up that launched a token in what was the third largest initial coin offering ever. Earlier this year, the offering collared $575 million and ranked behind messaging app Telegram and cryptocurrency EOS for raising the most cash.
The TTU token was offered at $0.25 and currently trades at $0.13.
The TaTaTu app is available from the Apple store and users collect tokens from watching content and adverts.
New sign-ups can claim a 50 TTU airdrop.
The app’s first movie is a documentary about the life of The Exorcist and French Connection director William Friedkin.
Forbes market monitor alliance
Rich list publisher Forbes is moving into the realm of cryptocurrency by backing a new market monitor.
Forbes Cryptomarkets is badged by the publisher and provides up-to-the-minute market data on the top 200 cryptocurrencies by market capitalisation.
The data site also carries trending cryptocurrency and blockchain news.
CEO of Forbes Media Mike Federle said, “Forbes CryptoMarkets, a new licensed business, represents a natural extension of our powerful brand into a new venture that promises to deliver immense value to investors, traders and market watchers.”
India’s first Bitcoin ATM raided
It’s a case of now you see it, now you don’t for India’s first cryptocurrency ATM.
Launched only days ago in a blaze of publicity as way to work around the government ban on trading digital currency, police have raided the ATM and arrested the attendant.
Bangalore police say the WTM was operating without a licence and failing to display Bitcoin exchange rates.
“We asked the operator about the Bitcoin rates and to which he said there was no fixed rate and it would vary from customer to customer. The Reserve Bank of India has stated that Bitcoin cannot be used as legal tender,” said a police spokesman.