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Pancakeswap, the trading platform, did not respond to a request for comment. Its Twitter account was not accepting direct messages or replies. Its social media channels appeared to have been shut down. An email sent to its developers bounced back. Its website appeared to have been taken offline. Neither were the identities of its creators. The reasons behind Squid’s collapse, reported earlier by Gizmodo, weren’t clear. Sharon Chan, a spokeswoman for Netflix, declined to comment. He can sell the tokens now, but he’d be left with “almost nothing,” he said. Lee said he was surprised when he learned that he was not be able to sell the token immediately. He said he had spent $1,000 on the Squid tokens, thinking “somewhat instinctively” that the token had been authorized by the Netflix show. More than 40,000 people still held the token after the crash, according to BscScan, a blockchain search engine and analytics platform. Then, five minutes later, it traded at $0.0007. In a 10-minute span later on Monday, the token’s value grew from $628.33 to $2,856.65, according to CoinMarketCap, a crypto data tracking website. Then Squid went on a roller-coaster ride. By early Monday, it was trading at $38 a token on a cryptocurrency exchange called Pancakeswap. In the following days, it drew attention from a number of mainstream media outlets. The cryptocurrency, called Squid, began trading early last week at a price of just one penny per token. Millions of dollars vanished in a matter of minutes after investors piled into a new cryptocurrency inspired by “Squid Game,” the popular Netflix survival series, only to watch its value plunge to nearly zero in a few short hours.
#SHOWSTARS LEE TV#
Nico Franks 05-11-2021©C21MediaPlease wait.TRENDING STORIESC21 Drama Awards finalists announcedFormer eOne TV head John Morayniss returns with Endeavor-backed studioBosses of UK and int'l media giants to make climate pledge at COP26BBC Studios Nordics secures deals for local remakes of The Office, Luther, Doctor FosterJago Lee, John Fothergill set out to tell tales with new factual prodcoĬontinue reading the main story Daily Business BriefingA cryptocurrency inspired by ‘Squid Game’ crashes.
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#SHOWSTARS LEE SERIES#
Our coproduced series will become a key enabler for global mass adoption of Blockchain.” Umair Masoom, CEO and founder of MContent, said: “MContent was launched with a vision to revolutionise the content landscape by connecting retail investors to content creators using the power of tokenisation. It has the potential to revolutionise the way viewers play their part in content creation,” said Arun Maljaars, VP of content and channels at Insight TV. “Though it can be a tricky world to conceptualise, with the expertise of Binance chain natives MContent on hand, we’re looking forward to introducing the world of cryptocurrency to our viewers and laying the groundwork for further shows in this exciting space. It comes as proponents of blockchain technology maintain that it will transform media and entertainment, as recently reported by C21. Produced by Netherlands-based Villain Studios, the series covers topics including the potential impact of NFTs (nonfungible tokens) and how El Salvador adopted Bitcoin as its official currency.Ĭurrently in production, The Blockchain Life will air on Insight TV’s linear, digital networks and social channels and will also stream on MContent’s streaming platform, which launches in December 2021. The Blockchain Life (7×25′) looks at how the advent of Bitcoin has led to a digital gold rush that has seen cryptocurrencies become a global phenomenon. Netherlands-based millennial-focused network Insight TV has partnered with blockchain platform MContent on a documentary series exploring the rise and future of cryptocurrencies.