Monthly Archives: August 2021

AMC Theaters to Accept Bitcoin in 2021

US movie theater chain AMC announced in a shareholder’s call Monday it intends to accept Bitcoin for movie tickets and concessions in 2021. US movie theater chain AMC announced in a shareholder’s call Monday it intends to accept Bitcoin for movie tickets and concessions in 2021. Speaking on the company’s Q2 earnings, AMC chairman and CEO Adam Aron said the company, best known for operating nearly 1,000 movie theaters around the globe, will accept Bitcoin for tickets and concessions ordered online. Aron said the company intends to launch […]

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Infrastructure Then And Now: Bitcoin Can Propel Us Forward

In the past, infrastructure deals have represented new industrial opportunities for America, and now should be no different. “Infrastructure” is defined as the basic physical and organizational structures and facilities (e.g. buildings, roads, power supplies) needed for the operation of a society or enterprise. There have been instances in our country’s history where infrastructure projects/legislation have been used to propel our nation to new heights. In the 1860s, despite the Civil War, construction of the Transcontinental Railroad opened the door to the markets of the West Coast […]

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The Senate Wars: The Infrastructure Bill And Janet Yellen Against Bitcoin

While a proposal to increase tax obligations to Bitcoin actors brews in the senate, Yellen lobbies against Bitcoin in the background. In July, the White House and Sen. Rob Portman (R-Ohio) agreed to a proposal that would require increased tax obligations for bitcoin “brokers” as a means to help fund the bipartisan infrastructure bill. However, the dubious definition the deal brings on what a “broker” would be in the Bitcoin network spurred criticism and revolt. Under the original proposal terms, developers of free, open-source software (FOSS) in […]

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Senate Rejects Amendment To Exclude U.S. Bitcoin Entities From Broker Designation

The U.S. Senate Rejected A Bipartisan Amendment Monday Aiming To Clarify The Tax-Reporting Provisions Required For Brokers Supporting The Bitcoin Economy. The U.S. Senate rejected a bipartisan amendment Monday aiming to clarify the tax-reporting provisions required for brokers supporting the Bitcoin economy, Forbes reported. The news comes after days of debate and a last-minute press conference held by Senators Pat Toomey (R-PA) and Cynthia Lummis (R-WY) that sought to address problematic language included in the $1.2 trillion infrastructure bill, wording many industry participants felt was overbroad and […]

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Digital asset exchange Blocktrade concludes $25M investment round

The company underwent a successful securities offering earlier this year, receiving support from over 6,000 European investors. Luxembourg-based Blocktrade has become the latest cryptocurrency exchange to receive major backing from venture capitalists, offering further evidence that digital asset startups are becoming a prime target for investment funds.  Private investors across 33 countries participated in the $25.8 million, or 22 million euros, Series A round, Blocktrade announced early Tuesday in Europe. The investors were not disclosed. Blocktrade said the funding will go towards improving internal operations, especially in […]

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‘We’ll be back on this’ — Alabama senator derails crypto amendment with two words

“Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge,” said Senator Pat Toomey. A compromise which proposed amending provisions in the bipartisan infrastructure deal on crypto failed to meet the requirements of a unanimous consent request in the Senate, making the bill likely to go to a full vote without additional changes. This afternoon, Senator Tom Carper, the Democratic floor manager for infrastructure bill HR 3684, put forth the compromise amendment agreed upon earlier today by Senators Pat Toomey, […]

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What The Former President Of Chile’s Central Bank Gets Wrong About Bitcoin

In a recent article, the former president of the Chilean Central Bank demonstrated several misunderstandings about Bitcoin. With regards to the article written by former president of the Chilean Central Bank, José De Gregorio, the discussion would not be complete without a response by those who adhere to Bitcoin and the technological revolution of money. Without a desire for to polemicized, but looking to add to the discussion, I would like to clarify some objectionable arguments that the article made. It’s important to make a distinction between […]

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Price analysis 8/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Bitcoin’s break above the 200-day SMA suggests that the downtrend could be over and that may pull buyers back into altcoins. Bitcoin’s (BTC) recovery from $29,482.61 on July 21 has continued to surpass one resistance after another. Today, Bitcoin has risen above the 200-day simple moving average, an indicator watched by institutional investors to determine whether the asset is bullish or bearish. A positive sign about today’s rally has been that Bitcoin was not affected by the flash crash in gold, which momentarily dipped to a four-month […]

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Coinbase’s capital markets head reportedly leaves company

People familiar with the matter claimed Brett Redfearn’s departure was due to Coinbase shifting its priorities away from digital asset securities. Brett Redfearn, the former director of the division of trading and markets at the United States Securities and Exchange Commission (SEC), has reportedly left his position at Coinbase after less than five months. According to a Wall Street Journal report, Redfearn resigned as the head of Coinbase’s capital-markets group at the end of July. People familiar with the matter claimed his departure was due to the […]

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Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid

The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the losses jumping 2.36% back above the $1.7K region to $1,727 per ounce of fine gold. Gold’s Volatile Movements This Weekend Blamed on a Number of Elements While bitcoin (BTC) prices are up more than 4% on Monday and over 16% during the last week, the value of gold has been dropping lower in fiat value. On August […]

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