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On Friday, California passed its deepest water cuts yet, the state’s latest attempt to conserve a dwindling resource in a region crippled by drought. Yet there remains a small group of people in states throughout the West who continue to flagrantly waste water. Yes, on purpose. And it’s not just the wealthy.

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“Dope,” the Sundance Film Festival hit that will open in theaters this Friday, will be the first movie to accept digital currency to pay for tickets.

According to The Wrap, beginning Monday, the film’s distributor, Open Road Films, will allow Bitcoin users to buy tickets on MovieTickets.com at more than 900 theaters in the U.S.

The payment platform, GoCoin, will make the process transaction similar to a credit-card purchase.

The film, directed by Rick Famuyiwa, follows Malcolm (Shameik Moore), a geek living in Los Angeles’ Inglewood section who loves 90s hip-hop and has a large knowledge about modern technology.

Malcolm actually uses BitCoin in the movie when he and his friends are in a jam and even tells his mother early on in the film, “I just read that money as we know it is dead. Soon the world is only going to buy and sell products using Bitcoins.”

“Bitcoin is an integral part of ‘Dope’ and we could not be more excited to bring this unique new opportunity to moviegoers,” said Open Road Chief Marketing Officer Jason Cassidy in a statement.

Though you can do more with Bitcoin these day like use it to buy Microsoft apps and products, it’s still a service that's on the fringe, as hacker Alex McGeorge points out in The Wrap story.

“I don’t know that I could convince my grandma to use Bitcoin,” he said. “It seems mostly like a young person’s game.”

And in an age where smaller movies like "Dope" (budgeted in the neighborhood of $1 million) have to compete against Goliaths like “Jurassic World,” that’s exactly who Open Road Films hopes will find this appealing.

Check out the trailer for "Dope" below.

SEE ALSO: The future of Bitcoin is China

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Bitcoin Press Release: Founded by former CEX.IO executive officer Matvey Dyadkov, professional Bitcoin advertising platform BitMedia.IO is pleased to announce launch after receiving a $100 000 investment. London based Bitcoin advertising network BitMedia.IO was co-founded by former executive officer of CEX.IO Matvey Dyadkov in 2014. BitMedia.IO was created to not only fill the need for a professional advertising service in the Bitcoin ecosystem, but also to expand the Bitcoin community and become its integral part. The project was made possible owing to a $100 000 investment made by the CEO of BitMedia.IO and a private angel investor. BitMedia.IO’s advertising engine has been coded from scratch and the team has extensive experience in working with Big-Data and High-Load technologies. They have […]

The post Bitcoin Advertising Platform BitMedia.IO Receives $100 000 Investment Offering Professional Bitcoin And Cryptocurrency Ad Options appeared first on Bitcoin Magazine.

Bitcoin Press Release: Backed by the Diamond Foundation and an array of price stability mechanisms and professional services, long term valuable digital currency DMD is a stand-out in an increasingly crowded digital currency space. DMD is soon to celebrate its second birthday. With almost 2 years of ongoing development, Diamond Coin’s philosophy is to create long term stability through sensible management and an ever expanding network of supporting services. Diamond Coin strives to be a stable and secure digital currency with 50% interest annually and advanced security protocols and algorithms. The team’s unique approach overcomes challenges like inflation control, price volatility, security and sustainability by incentivizing holding rather than spending. Diamond Coin’s future plans involve an entire ecosystem of Bitcoin 2.0 […]

The post After Two Years of Development, Bitcoin Alternative Diamond Coin (DMD) Offers 50% Annual Interest appeared first on Bitcoin Magazine.

Bitcoin Press Release: Bitcoin alternative DNotes’ co-founder Alan Yong will be joining the “Innovation Spotlight: Digital Currencies” panel at Silicon Dragon, to be held at the NASDAQ on June 22nd, 2015. DNotes is a second generation digital currency focused on long-term adoption, scalability, and solving real-world issues. DNotes co-founder Alan Yong is pleased to be joining the Innovation Spotlight: Digital Currencies panel at this year’s Silicon Dragon event, to be held in New York at the NASDAQ on June 22nd. Alan Yong is an experienced tech entrepreneur having founded personal computer company Dauphin Technology in 1989. Francesco Rulli, President of bitLanders and bitCharities, will also be part of the panel, along with Sarah Martin, VP at Digital Currency Council. The […]

The post Digital Currency DNotes to Present at NASDAQ in New York – Builds on Bitcoin’s Shortfalls appeared first on Bitcoin Magazine.

MovieTickets.com is now enabling movie-goers to pay in bitcoin for films at more than 900 US theaters.

A new movie coming out on Friday will allow Bitcoiners to pay for tickets with bitcoins. You can already pre-order tickets for Bitcoin. This was made possible through a partnership between third-rail payment processor GoCoin and the studio who created the film, Open Road Films, plus MovieTickets.com, the actual place where Bitcoin enthusiasts can buy […]

The post Bitcoin at the Box Office: New Film “Dope” Accepting Bitcoin for Tickets appeared first on CryptoCoinsNews.

Australian Bitcoin payment company Living Room of Satoshi announced that its new “Pay Anyone” service allows Australians to pay bitcoin directly to any bank account. “Bitcoin users can now pay their friends, tradesmen and anyone else; even if the recipient has no knowledge about bitcoin,” says Living Room of Satoshi CEO Daniel Alexiuc. “This is a vital piece of payment infrastructure that is now available to all Australians.” Living Room of Satoshi is a payments company that enables payment of any bill that uses the BPAY system using bitcoin. Customers can spend bitcoin to pay phone bills, electricity bills, school fees, credit cards, tax payments and more. Founded in 2014, the company has processed more than $500,000 of Australian bills […]

The post Living Room of Satoshi Launches ‘Pay Anyone’ Bitcoin Payment Service to Any Australian Bank Account appeared first on Bitcoin Magazine.

MonetaGo, a new exchange with ambitions to take bitcoin "global", launched across 40 countries today.

Today’s Blockchain Workshop will attempt to bring financial industry executives, regulators and digital currency entrepreneurs together to learn about the impact and potential of decentralized ledger technologies. Blockchain Workshop runs June 15-16 at the Millennium Hotel in London and hosts a series of talks covering emerging blockchain payment networks, regulatory challenges, financial inclusion and more. The event is organized by Constance Choi, founder of blockchain law firm Seven Advisory, as well as two Harvard law professionals: Law Lab Co-director John Clippinger and Berkman Center for Internet & Society Research Fellow Primavera De Filippi. “We believe that the rapid emergence of blockchain technologies presents revolutionary opportunities and challenges to the future of modern society as we face the 21st century,” Choi told Bitcoin […]

The post Blockchain Workshop to Educate Financial Industry About Digital Currency appeared first on Bitcoin Magazine.

More and more Bitcoin businesses are adopting mainstream practices and seeking insurance for their operations. A report by top insurance market operator Lloyd’s, published on June 12 and targeted at insurance service providers, highlights the key risk factors for the insurance of Bitcoin operations. Lloyd’s, an insurance market located in London, is one of the best-known names in the insurance sector. It operates as a marketplace within which multiple financial backers come together to pool and spread risk. Lloyd’s itself does not underwrite insurance business, leaving that to its members. Instead, the society operates as a market regulator, setting rules under which members operate and offering expert advice and centralized administrative services to members. The report suggests that the technology, […]

The post Lloyd’s Report Analyzes Bitcoin Risks for Insurers appeared first on Bitcoin Magazine.

Earlier this year, the New York Observer ran a bit of a hit piece in which they proclaimed, basically, that art and Bitcoin don’t mix. They described how at the Armory Show, they ran a pretty flawed experiment and polled everyone present about their usage of Bitcoin. It doesn’t matter if artists can use bitcoins […]

The post Art Exhibition in Poland to Exclusively Accept Bitcoin as Payment appeared first on CryptoCoinsNews.

FUN-CASINO.com is one of the first online Bitcoin casinos, which first presented High Roller games for its players. As you may know, the higher risk, the higher prizes you get. If this statement is true for you, there are no doubts that you will love FUN-CASINO High Roller games. So who is a high roller? “A high […]

The post First High Roller at Bitcoin casino by SoftSwiss– 2000 BTC bankroll appeared first on CryptoCoinsNews.

Switzerland's bitcoin community has spoken out following confirmation that bitcoin is exempt from Value Added Tax (VAT) in the country.

Network growth has been steadily growing larger and stronger over the last two years. While many people only look at the value of bitcoin, they are failing to see the adoption rate. The bitcoin price may have dipped slightly recently, and the record all-time high price of $1,124 USD of late November 2013 may now seem […]

The post Bitcoin Network Growth Metrics and the Next Mega Price Rally appeared first on CryptoCoinsNews.

Bitcoin Press Release: Bitcoin alternative DNotes’ co-founder Alan Yong will be joining the “Innovation Spotlight: Digital Currencies” panel at Silicon Dragon, to be held at the NASDAQ on June 22nd, 2015. DNotes is a second generation digital currency focused on long-term adoption, scalability, and solving real-world issues. DNotes co-founder Alan Yong is pleased to be […]

The post Digital Currency DNotes to Present at NASDAQ in New York – Builds on Bitcoin’s Shortfalls appeared first on CryptoCoinsNews.

Bitcoin price pulled back to support last night and, during Monday’s early Asian trading session, advanced to target near $238 (Bitfinex). The move may not be over but it will need to retrace soon – whatever the larger trend may be. This analysis is provided by xbt.social with a 3 hour delay. Read the full […]

The post Bitcoin Price Analysis: Another High To Target appeared first on CryptoCoinsNews.

Another weekly trading competition is now over. We’d like to congratulate Lenteracoinproject for winning the June Week 2 competition with a final 42% profit. Coming in close second was Rahul with an impressive profit of 40%. Both traders have won bitcoins as well as free xbt.social membership and discounted Coinarch trading rates. You can view the […]

The post 40% Profit in One Week – Congratulations to CoinCompetition Winner Lenteracoinproject appeared first on CryptoCoinsNews.

Australia has been one of the world’s true hotbeds of Bitcoin activity over the last eighteen months. Bitcoin ownership and commercial use have been among the highest of any country on Earth, with entire Australian towns looking to adopt the digital technology. Senate meetings, Bitcoin bill payment programs, and conferences with Andreas Antonopoulos have filled the […]

The post In Australia, You Can Now Pay Anyone With Bitcoin appeared first on CryptoCoinsNews.