economics of bitcoin
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Miami Mayor Wants to Take Part of His 401k in Magic Beans
Mayor Diamond Hands strikes again. As Bitcoin endured a price plunge from last month’s high (and plummeting at this writing), Miami’s Francis Suarez confirmed that he’ll take part of his 401k in Bitcoin. On Friday, managing editor Samuel Burke of Real Vision — an alt finance channel that only invites “ the smartest investors and…
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MyCryptoWallet Collapses and Leaves Bitcoin Traders Stranded: Report
MyCryptoWallet, an Australia-based cryptocurrency exchange that allowed users to buy and sell coins like ether and bitcoin, has collapsed and left users without access to funds, according to multiple reports. The company called in a firm called SV Partners on Friday to liquidate what remains of the exchange and deal with creditors, according to the…
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Roughly One-Third of Bitcoin Is Controlled by a Small Cabal of Whales, According to New Study
For all the talk of democratizing finance, the vast majority of Bitcoin continues to be owned by a relative handful of investors.
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AMC Theatres to Accept Bitcoin by End of 2021 But Plenty of Questions Remain
AMC Theatres will accept the cryptocurrency bitcoin for movie tickets and concessions in the U.S. by the end of 2021, according to CEO Adam Aron, who first made the announcement during an earnings call on Monday. The theatre chain will also start accepting Apple Pay and Google Pay, but there are still plenty of important…