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Apart From Bitcoin: AMC Theatres to Announces Allow ETH, LTC, and BCH as Payments, CEO Speaks

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America’s largest cinema chain, AMC theatres, says that it will accept payments in more crypto assets except for just BTC. The entertainment giant originally announced that it would accept Bitcoin payments on August 9. In a statement on September 15, Adam Aron, the AMC Chief Executive, said the corporation would be extending the number of cryptocurrencies it would allow as payment methods. Aron affirmed that by the time BTC payments are billowed out ere the point of the year, AMC would also expect to accept Litecoin, Ethereum, and Bitcoin Cash. Adam tweeted that –

 “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin, and Bitcoin Cash.

While the company’s August wages call, Aron also asserted that clients would also pay through Apple Pay and Google Pay by year’s end. However, neither of the tech oligopolies promotes crypto. At the time, he noted that many of the firm’s new retail investors were highly passionate about cryptocurrency. AMC shares mounted when they became a meme stock supported by retail traders on Reddit’s disgraceful WallStreetBets forum fresh this year. Share values were up a mountainous 2,242% since the year’s inception when they swapped at just 2 dollars. Over the former month, AMC stock has grown 37% to touch 46.86 dollars milestone as of the market close past, according to Yahoo! Finance. AMC stock mounted to an all-time high of 62.55 dollars before departing 25% to current levels in preceding June.

Furthermore, crypto-asset businesses have climbed higher throughout the morning’s Asian trading gathering. CoinGecko is inscribing a 3% increase in cumulative market capitalization, which has developed by 50 dollars billion to touch 2.26 trillion dollars at writing. Ethereum is presently influencing the high cap pack with a profit of 8% on the heyday, forging prices to record a weekly high of 3,675 dollars. ETH requires apparent permanence at the 3,900 dollar level to secure further meaningful gains, while on the downside, they must look for assistance at 3,200 dollars. Bitcoin has calculated 3% on the day to relinquish 48,260 dollars at the time of writing, following a precious cross and negotiating at its most precious level since the September 7 business depreciation. 

Bitcoin and the entire crypto market seem unstoppable. As needless to say, Bitcoin was later adopted as legal tender shortly this month by the nation El Salvador. In any case, the world-first move was assailed by early-stage troubles, similar to a furious dissent by suspicious residents, innovative errors, and a dunk in the digital money obfuscated the rollout. The striking examination got off to a rough beginning when soon after midnight, Salvadoran President Nayib Bukele whined the public authority upheld Bitcoin application was not accessible on different Internet stages, including Apple and Huawei. 

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Finance News

Binance officially gives answers to South African Regulators

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Binance, the world’s largest crypto exchange by volume, responds to the regulators of South Africa on their claims that Binance is not authorized to operate in the nation. Furthermore, the trading platform replies to  Financial Sector Conduct Authority(FSCA) in less than twenty-four hours. It adds that all the accusations made in adverse of it are pointless and that the authorities might have made some error while examining the facts – “At the outset, we would like to take this opportunity to clarify that Binance.com does not provide financial advice or render any intermediary services. We have clearly set this out in our terms of use, which can be found here at: https://www.binance.com/en/terms,” the announcement stated. Just a day before, FSCA said to the fellow citizens of South Africa that they should be “cautious and vigilant when dealing with Binance Group” because the crypto platform is not approved per South African laws.” The FSCA also asserts that Binance — which it speaks is situated in Seychelles — owns a Telegram chat group that “members of the South African public can join to gain access to its exchange platform.” Binance, in this case, also pulled off the trigger and replied that it does own group but for the excellent purpose of promoting the blockchain economy and helping the people to educate on similar relevant subjects. Binance says that this particular community does not intend or plans to offer any financial advice. Instead, the admins and Binance angles manage this group. “We have recently implemented the Intermediate Verification requirement for all users which supports Binance’s Know Your Customer (KYC) and Anti-Money Laundering (AML) efforts,” the company confirmed. “In addition, to ensure that our users are as protected as possible, since 2018, Binance.com has implemented a Secure Asset Fund for Users (SAFU) where we allocate 10% of all trading fees received into it to offer protection to our users and their funds in extreme cases.” Also, since the beginning of this year, Binance has realized the importance of rules and regulations. As it is in a critical situation and action, it is also on a drive to hire regulatory experts from across the world. Meanwhile, it has also been reported to have strengthened the terms and conditions for Knowing Your Customer (KYC). A few weeks before, it announced that people would have to complete at least the intermediate level of KYC to utilize the services offered by the exchange. Regarding this, the exchange emphasized that – “Furthermore, Binance.com is committed to taking a collaborative approach in working with regulators and law enforcement globally, and in particular, Binance.com is continuously collaborating with the FIC (Financial Intelligence Centre), the major regulator of financial crimes in South Africa. Binance.com is registered with the FIC as a voluntary self-disclosure institution. As a member of this programme, Binance complies with the FIC Act obligations relating to establishing and verifying clients’ identities, record keeping and reporting suspicious or unusual transactions in terms of section 29 of the FIC Act.” Apart from this, the Binance expressed that it has collaborated with FIC in more than 462 cases. In turn, they hold expectations from FIC to cooperate with FSCA in all these decisive investigations whenever necessary.
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Chainalysis Declares It Will Cover Dogecoin Coverage in Its Reports

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Chainalysis, one of the fast forward and commanding blockchain firms globally, announces that it will also cover Dogecoin in its reports. The company allegedly proclaims that Dogecoin has become one of the most well-known crypto coins after Elon Musk publicly appreciated it. Elon Musk, the CEO of Tesla, is the one who promoted Dogecoin this year. Dogecoin is an infamous meme coin that is sharing a good part of memes all across social media. Elon Musk pulled the knowledge of Dogecoin to the ordinary people articulating its thrilling power as a crypto asset. 

However, like anything good, it carries its darker part phase too. Since Dogecoin is getting hype in the market, fraudsters and internet scammers are targeting its power to rob the audience. All these scammers wear the facade of Musk and hence steal the crypto assets from users. The series of scams and thefts seems to have no end to the point. The most recent fraud recorded in the queue was raking in $40,000 from users that sent several coins, presuming to get the double from Tesla’s CEO. All of this stuff has become the driving factor to cover Dogecoins in private and public sectors, particularly those that want to magnify agreement when dealing with this new asset.

The reports from Chainalysis will also include insights into the movements and origin of Dogecoin (DOGE) tokens in the market. Moving ahead, blockchain intelligence firms like Chainalysis are experiencing a constant boost in their growth this year. As a result, the governments and various other authorities are ramping up their tracking capabilities for specific crypto assets. The last June, Chainalysis raised a hundred million dollars in its Series E funding round, reaching an estimated $4.2 billion. Considering that time, the firm aimed to expand its capacities to tracks decentralized finance linked currencies that flow across decentralized exchanges.

Chainalysis has some tremendous and mindful perspectives. It is also planning to in getting monero (XMR) tracking capabilities and is currently investing its resources actively for reaching its goal. Moreover, the company won a $1.25 million contract from the IRS to examine the Monero network and second layers like Lightning Network last year. Any updates on the following subject are not yet released from the part of Chainalysis. Just the previous week, crypto compliance firm Ciphertrace reported it had manifested enhanced tools to expedite the tracking of Monero based transactions. 

Apart from Bitcoin, many other coins like meme coins are gaining an exceptional reputation in the market. Also, these coins are influenced by the memes and jokes made on them through social media. It would be an enormous pleasure to see which coins take the lead and which coins lose the race in the world of crypto.

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Soccer colossal AC Milan closes Sponsorship Deal With Crypto Exchange Bitmex

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A Prominent Italian club AC Milan and Bitmex have touched on the point of having a long-term agreement. Bitmex, a leading crypto exchange and derivatives platform, will be AC Milan’s Official Cryptocurrency Trading Partner, the Italian football grand declared on Tuesday. In this partnership, the logo of the cryptocurrency exchange will be printed on Milan’s jerseys. As the agreement says, the virtual assets exchange will also be considered the soccer team’s “first-ever Official Sleeve Partner.” The brand logo of Bitmex will shine clearly on the sleeves of both the men’s and women’s team playing kits in all matches. It will also include the UEFA Champions League. 

Moreover, the logo will also emerge on the sleeve of Milan’s esports team AQM’sAQM’s outfit. The partners have demonstrated the following arrangement as Bitmex’sBitmex’s first venture into the world of football and esports. Talking about BitMEX, it is known in the crypto arena particularly for offering services in crypto derivatives. For instance, the perpetual swap contract. Bitmex CEO Alexander Höptner commented on the big deal and said – “Our partnership with AC Milan is the start of a hugely exciting new chapter for Bitmex as we look to ramp up brand awareness and increase understanding of crypto.” 

Moving ahead, Höptner worshiped Milan for its legacy while acknowledging that “one of the world’s most progressive football clubs” involves soccer fans about the world. “We can’t wait to start interacting with the global Rossoneri family,” he added. “Our red and black shirt is not just something our players wear on the pitch, it represents who we are, and it embodies the passion of the over 500 million AC Milan fans across the world,” noted Casper Stylsvig, AC Milan’s Chief Revenue Officer. “This is truly an exciting partnership and the beginning of a great journey for both brands and our fans,” he accentuated. The football squad also appreciates that collaboration with BitMEX will give its fans “access to the increasingly popular cryptocurrency world.”

On the other hand, the exchange will positively promote virtual assets and their services. So the registered supporters from the sports group will enjoy special offers on the platform of BitMEX. The team’s jerseys will feature a debut BitMEX logo in the first game of the brand-new season on Aug. 23, when Milan fronts Sampdoria in Genoa. Also, in presenting in the front of the base crowd at the San Siro stadium in the club’s next match against Cagliari. It is no more a surprise that many eminent crypto trading platforms are approaching and partnering with great sportsperson and sports clubs to promote their brand. However, the benefits they gain from this approach are yet to realize.

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