Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
AMC
AMC Raises $250 Million Amid Return of Roaring Kitty
The post AMC Raises $250 Million Amid Return of Roaring Kitty appeared first on Coinpedia Fintech News AMC Entertainment raised $250 million in new equity capital on Monday as the meme stock craze was reignited by the return of ‘Roaring Kitty,’ who had inspired the meme stock mania in 2021. His resurfacing online with a cryptic message sparked a buying frenzy among traders. On Monday, AMC sold 72.5 million shares in an at-the-market equity offering. As a result, AMC shares…
1 year ago
AMC’s Decision To Accept Crypto Paying Off, According to CEO
Crypto payments make up a good chunk of AMC’s revenue. Late last year, Adam Aron, CEO of AMCTheaters announced in a tweet that the entertainment company would accept cryptocurrencies as payment online. It was a bold move that revealed his soft spot for blockchain technology, and one that has seemingly paid off significantly. According to the CEO, more than a third of its ticket revenues were from cryptocurrencies. On the list of its acceptable coins were Bitcoin, Bitcoin Cash, Ethereum,…
3 years ago