Tag: BTCUSD

In addition to bitcoin, AMC will soon accept other cryptocurrencies for purchases

AMC on Wednesday expanded the range of cryptocurrencies it soon plans to accept for movie-ticket and concession purchases. In its second-quarter earnings report in August, AMC Entertainment Holdings Inc. AMC, -0.97%, the nation’s largest movie-theater chain, announced it would accept bitcoin BTCUSD, +0.79% for online ticket and concession purchases before the end of this year. […]

Read More

Litecoin hoax highlights crypto market vulnerable to scams: ‘Walmart has no relationship with litecoin,’ says big box retailer

An earlier version of this article incorrectly stated John Wu’s affiliation with Ava Labs, where he is president. Ava Labs was founded by a group including Emin Gün Sirer. Fake news appeared to give holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back […]

Read More

El Salvador’s bitcoin experiment splits community amid major price decline

The accession of bitcoin to the status of a legal currency in El Salvador was viewed by many cryptocurrency investors as a watershed moment, but the rocky rollout of the country’s digital wallet and growing concern over President Nayib Bukele’s tactical approach to the bitcoinization of his country’s economy has caused some supporters to warn that […]

Read More

‘Bitcoin Day’ in El Salvador ushers in the promise and peril of crypto

El Salvador may have just become the world’s largest currency testing ground. The country officially adopted bitcoin as a legal tender, as its bitcoin law, which was passed in June, becomes effective Tuesday.  Bitcoin BTCUSD, -9.75% can now be used to settle transactions and pay taxes in the Central American country. Since the plan was […]

Read More

U.S. stock futures rise and risky assets climb as attention turns to Jackson Hole Fed gathering

U.S. stock futures rose on Monday in what’s expected to be a week dominated by central bank chatter as a key conference of Federal Reserve policymakers convenes. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.36% rose 102 points; Futures on the S&P 500 ES00, +0.30% rose 0.3%; Futures on the Nasdaq 100 […]

Read More

Bitcoin tops $50,000 for first time since early May

The price of bitcoin topped the $50,000 level Sunday night, as the world’s largest cryptocurrency continues to rebound from its collapse three months ago. After flirting slightly above and below the $50,000 mark late Sunday, bitcoin BTCUSD, +3.84% hit $50,190 as of 10:53 p.m., according to Coindesk data; it hasn’t been above $50,000 since early […]

Read More