AMC Entertainment Holdings Inc. boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can…
Theater Chain AMC to Accept Other Cryptocurrencies Along With Bitcoin
September 16, 2021
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Chinese ‘Bitcoin Refugees’ Relocating to Texas
Commentary When you think of a refugee, what do you imagine? Someone whose life has been upended by war or a natural disaster. Perhaps you are thinking about the tens of thousands of Afghan refugees arriving in the United States. But what about the Chinese refugees relocating to cities across the land? I’m talking about a new generation…
Ukraine Parliament Passes Law to Legalize and Regulate Cryptocurrency
Ukraine has become the latest country to legalize cryptocurrency, just days after El Salvador adopted Bitcoin as legal tender. In an almost unanimous vote on Sept. 8, the Ukrainian Parliament adopted a virtual asset bill making cryptocurrency and other digital assets legal in the country. Known as Bill No. 3637 On Virtual Assets, the draft bill provides clarification on how individuals and…
Bitcoin Steadies But Investors Brace for More Volatility
The price of bitcoin has steadied after a spectacular flash crash pushed the cryptocurrency down nearly 19 percent intraday on Tuesday—the day El Salvador adopted it as legal tender—but analysts say investors should brace for more volatility. “Post liquidations can push prices around for a few days,” wrote cryptocurrency technician Daniel Joe, in an analytical…
Bitcoin Price Plummets on First Day as Legal Tender in El Salvador
September 8, 2021
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Selling pressure continued to bear down on bitcoin on Wednesday after it suffered its heaviest losses in months a day earlier when El Salvador officially adopted the cryptocurrency as legal tender but got off to a rocky start. Bitcoin was trading at $45,798 on Coinbase at 5:09 a.m. New York time on Sept. 8, down…
NTD Business Full Broadcast (Sept. 7)
Goldman Sachs is lowering its economic growth forecast again. What is it blaming for the possible slower growth? El Salvador becomes the first to adopt Bitcoin as legal money. Why does the country’s president say it’s a good thing? And why are some concerned? China’s Twitter suspends celebrity fan accounts. It says it wants to…
Bitcoin Becomes Legal Tender in El Salvador
El Salvador has become the first country to adopt Bitcoin as legal tender, a real-world experiment that proponents say will lower commission costs for billions of dollars sent home from abroad and boost financial inclusion while critics warn of risks, including around the cryptocurrency’s volatility. Lawmakers in the Central American country passed legislation in June making…
As Beijing Cracks Down on Bitcoin, Devastated Nations Embrace It
Commentary In China, bitcoin is all but dead; in countries decimated by war and poverty, however, the king of crypto is well and truly alive. Bitcoin has “no actual value support,” according to Yin Youping, deputy director of the financial consumer rights protection bureau of the People’s Bank of China. Cryptocurrencies, he argues, are little…
China Challenges on Cryptocurrency
Commentary The world of cryptocurrencies such as Bitcoin and Ethereum is exotic and esoteric. It is also Beijing’s next challenge to the free world. Until now, to an extent, most policy debate in the free world has tended to dismiss the crypto phenomenon as esoteric, illicit, or reckless. This is superficial and misleading. The free…
Amazon Denies That It Will Accept Bitcoin as a Form of Payment
By Entrepreneur Staff Last week, Amazon ran an ad saying it was looking for a cryptocurrency expert without giving much more information. “The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s blockchain and digital currency product strategy and roadmap,” reads the job listing, which can be read here. With…
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