THE Shiba Inu coin has spiked up in value as its rival DogeCoin drops.
The coin has risen by 21.3 percent this week, and 21.1 percent in just the last 24 hours.
Meanwhile, the “meme” Dogecoin has gone down 5.8 percent over the last week.
However, Dogecoin is still the the largest meme-based crypto asset in terms of market capitalization, according to Bitcoin.com.
It’s been a week full of movement fin the world of crypto, as AMC Entertainment CEO Adam Aron said on Wednesday that AMC Theatres will accept Bitcoin and other crypto for online ticket and concession payments.
Other cryptocurrencies like Ethereum, Litecoin and Bitcoin Cash will also be accepted, Aron said, but not Dogecoin.
He tweeted: “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.”
It comes after, US Securities and Exchange Commission Chairman Gary Gensler testified before the Senate Banking Committee this week on cryptocurrency.
Gensler wants more protection in crypto trading, lending, and finance and plans to discuss the environmental risk of such currencies.
Read our cryptocurrency live blog for the latest news and updates…
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BILLIONAIRE STEVEN COHEN NOW A FAN OF CRYPTO
Fund manager and New York Mets owner Steven Cohen has come out in support of crypto after previously dismissing it.
“Once I decided there were opportunities, and I thought this could be a space like the internet — it could be incredibly transformational – I wasn’t going to miss this,” he said at a Generating Alpha Markets in Baseball discussion covered by CryptoPotato.
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HUNGARY UNVEILS STATUE OF BITCOIN CREATOR
Hungary has become the first nation to celebrate Bitcoin creator Satoshi Nakamoto with a statue.
The bronze statue was revealed on Wednesday in the nation’s capital of Budapest
The goal of the statue is to honor Satoshi Nakamoto, the founders believe that his work is truly something to be remembered,” said a press release cited by Nasqad.
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SOUTH KOREAN LAWMAKERS LOOK TO DELAY CRYPTO TAXATION
Noh Woong-rae of South Korea’s ruling part has proposed a “Partial Amendment to the Income Tax Act” that hopes to delay the nation’s taxation of crypto until 2023.
This proposal is in contradiction to the plans of Deputy Prime Minister and main finance minister Hong Nam-ki to start taxing crypto profits in 2022, as reported by CoinDesk.
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EL SALVADOR INSTALLS BITCOIN ATMS ACROSS US
You can now find El Salvador’s Chivo bitcoin ATMs in several cities across the US.
The Central American nation has said the move is an attempt to make it easier for people to send money to family and friends in El Salvador, as reported by Markets Insider.
President Nayib Bukele said they have set up 50 commission-free Chivo ATMs in 10 cities in the US, including Chicago and Los Angeles.
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COINBASE…
Read more:Bitcoin up today on Coinbase as new Braintrust coin launches
