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“#AMC will let people buy movie tickets with cryptocurrencies” AMC, the world’s largest cinema chain, said it plans to accept a range of cryptocurrencies including Bitcoin for movie-ticket and concession purchases. AMC boss Adam Aron broke the news via Twitter on Wednesday, writing: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin…
“#El Salvador’s president Nayib Bukele tackles bitcoin woes” El Salvador President Nayib Bukele stepped in on Wednesday to closely manage the fraught roll-out of a payments app that underpins the nation’s adoption of bitcoin as legal tender, and called on users to report any problems on his Twitter feed. Adopting language similar to IT departments in…
“#Crypto exchange developer Uniswap ‘in SEC crosshairs’” One of the largest names in the burgeoning cryptocurrency space is in the crosshairs of a newly aggressive Securities and Exchange Commission, according to a report. The investigation of Uniswap Labs, which is the developer behind the biggest so-called decentralized cryptocurrency exchange, underlines the scrutiny crypto-related activities are…
“#Man sues over bitcoin stash stolen in 2018 and now worth $1M” A Colorado man who was robbed of 16.4 bitcoins in 2018 — when it was worth up to $220,000 — has now sued the alleged UK-based thieves as well as their parents. Despite the alleged robbery happening in January of 2018, Andrew Schober…
“#NFT sales reach nearly $900M in record-breaking month” NFT mania is roaring back — and the one-of-a-kind digital collectibles are selling for more money than ever. A total of $897 million in NFT sales were recorded during the 30 days ended Aug. 18, according to the most recently available data from the NFT tracking site…
“#Someone actually paid $1.3M for an NFT cartoon rock” The NFT trend has reached rock bottom. On Monday night, an anonymous buyer purchased a computer-based illustration of a rock with 400 ethererum (ETH), a cryptocurrency with the current equivalent value of over $1.3 million. The geologic doodle, supplied from the free clipart website goodfreephotos.com, is…
“#Sweden must repay $1.6M in bitcoin to convicted drug dealer” The Swedish government has to return about $1.6 million worth of bitcoin to a convicted drug dealer after the value of his illegally earned crypto soared while he sat in prison. Prosecutor Tove Kullberg explained to Swedish Radio that two years ago, she successfully argued…
“#Fed ‘actively working’ on US digital currency, official says” Dallas Federal Reserve President Robert Kaplan said on Friday he could see the US central bank eventually issuing its own digital currency, calling it the “last mile” in a digitalization of the payment system that is already in train. “I would imagine in the years ahead…
“#Cryptocurrency market tops $2T as bitcoin price surges” The total value of the entire cryptocurrency market shot past $2 trillion over the weekend for the first time since May, fueled by a renewed surge in the price of bitcoin and other digital coins. The price of bitcoin rose higher than $48,100 at one point on…
“#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren” If Gary Gensler sounds a lot like Elizabeth Warren, it’s not by accident but by design. He needs the powerful progressive senator in his corner to fulfill his ultimate, career-fulfilling goal, which, according to sources, is having his signature on the dollar bill as treasury secretary. Gensler…