ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
AMC Entertainment revealed on Monday, Aug. 9, that it will now be accepting bitcoin as a payment option for its movie tickets bought online. This is initially offered for theaters across the United States.
AMC Entertainment’s chief executive officer, Adam Aron, made the announcement about the company’s acceptance of decentralized digital currency payment during an earnings call at the start of this week. He said that they will have IT systems that will take and manage cryptocurrency payments starting in the last part of 2021.
CNBC noted that AMC’s move will unite bitcoin and AMC that were both described as highly speculative assets. Shares of the company soared more than four percent in extended trading on the day the bitcoin payment was revealed. It was said that the number was “better-than-feared” in the earnings report as it exceeded the analysts’ estimates.
In any case, the AMC CEO said that many of the company's investors are keen on cryptocurrency, so apparently, they have already accepted bitcoin even if other companies like Tesla are still hesitating about using this form of payments.
Aron revealed that he learned about cryptocurrency when he was still part of the board of Centricus Acquisition Corp., a special purpose acquisition company (SPAC) that was set up by Manfredi Lefebvre d’Ovidio, the chairman of Silversea Cruises and one of his long-time friends.
Centricus purchased Arqit, a firm that the AMC chief described to be “on the cutting edge of quantum encryption and blockchain technology.”
"I've had to learn more in the past six months about blockchain and cryptocurrency than I learned about it in the entire decade before that," Adam Aron said. "We are exploring how else AMC (AMC) can participate in this new burgeoning cryptocurrency universe, and we're quite intrigued by potentially lucrative business opportunities."
According to Deadline, AMC will also begin accepting Google Pay and Apple Pay. Then again, it was noted that the company did not elaborate on how the crypto payment will be processed. It is not clear how a Bitcoin could pay for movie tickets for some occasions as the decentralized digital currency is currently worth $45,947.90.
