According to the Washington Post, AMC will allow customers to pay for popcorn and movie tickets with bitcoin by the end of the year. Questions: What has happened to AMC’s stock price since the first of the year? As of this week, how many AMC movie tickets could be bought with a single bitcoin? AMC… Read more »
Posts Tagged: cryptocurrency
What are NFTs and why should tax accountants care?
According to Accounting Today, tax rules surrounding NFTs or nonfungible tokens are not clear. NFTs are basically digital assets whose data is stored in a blockchain, similar to cryptocurrency like Bitcoin and Ethereum. Questions: What can NFTs digitally represent? Why are NFTs a kind of a goldmine for the IRS? What Internet sites specialize in… Read more »
Recovery of Ransom by Feds
According to the Washington Post, federal authorities have recovered more than two million dollars in cryptocurrency paid in ransom to foreign hackers whose attack last month led to the shutdown of a major pipeline that provides nearly half the East Coast’s fuel, according to officials. Questions: What is the name of the hacker ring? How… Read more »