The Crypto News Round-up: August 11th, 2021

AMC To Accept Crypto as Payment for Movie Tickets

The theater chain AMC will start accepting bitcoin as payment in buying movie tickets and concession items online. This will take effect by the end of 2021 in all US theaters with IT systems ready for all crypto payments. This big move received a lot of hype in the crypto community and many are excited for more amazing news like this. Read more

Grayscale Hires ETF Head for Its Bitcoin Fund Conversion

Despite the odds of US regulators allowing cryptocurrencies into the structure, Grayscale has decided to build out its ETF team. They have appointed David LaValle, a former chief executive officer of custom index provider Alerian, as its global head of exchange-traded funds. Lavalle will oversee the conversion of $25 billion Grayscale Bitcoin Trust into an ETF. Read more

Ethereum 2.0 Breaks Through $20 Billion Worth of ETH

The much-awaited Ethereum 2.0 upgrade has been all over the headlines and social media platforms. More than 6.5 million Ethereum coins have been staked under the deposit contract. Now, Etherscan.com, Ethereum’s analytics platform, reported ETH 2.0 has a stake in ETH under a deposit contract with a total value of $20 billion. Read more

Nigeria Moved $40 Million Via P2P Bitcoin Trades

It has been shown in the data of the Bitcoin P2P trading that nearly $40 million worth of the top cryptocurrency was moved in the last 30 days by Nigerian Bitcoin users. The ban of crypto in Nigeria was not a hindrance for it to be the forefront country that has adopted the flagship asset in Africa. On its record, Nigeria now has $30 million worth of Bitcoin trading volume in the past few months. Read more

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