The volatility in the prices of digital currency intensified amid speculation of ban on cryptocurrency
The price of the bitcoin cryptocurrency rose above the $57,000 mark. The world’s largest and most popular digital currency was trading up 1% at $57,714. Bitcoin recently touched a record high of around $69,000. On this basis, there is a big decline going on in it.
Cryptocurrency Prices Today: Amidst speculations of ban and announcement of a bill on cryptocurrencies by the central government, there is a big fluctuation in the prices of cryptocurrencies. Bitcoin (Bitcoin Price Today) saw a decline of 0.18 percent. Bitcoin is currently trading at Rs 42,58,014.
However, there was a boom in bitcoin trading at the time of inception. Bitcoin cryptocurrency price rose above the $57,000 mark. The world’s largest and most popular digital currency was trading up 1% at $57,714. Bitcoin recently touched a record high of around $69,000.
Wazirx, which facilitates cryptocurrency transactions, all digital platforms were seen trading on the red mark. Cryptocurrency Ethereum (Ethereum Price Update Today) was also seen trading with a slight decline at Rs 3,18,692.
Market under pressure after the announcement of the government
Let us tell you that the government is considering to bring cryptocurrencies under the purview of the law. For this, the government is bringing a bill in this regard in the Winter Session of Parliament. The winter session of Parliament is starting from Monday, November 29.
54 percent of Indians are against bringing cryptocurrencies under the purview of the law – Survey
After this announcement of the government, there was a decline in crypto. However, at this time the pace of improvement is being seen in the market.
The Central Government will introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament. Through this bill, the government plans to create an easier framework for issuing an official cryptocurrency under the Reserve Bank of India. Preparations are also being made regarding its technology and use. Also, such a provision will be brought under this bill, which will ban all private cryptocurrencies.
Cryptocurrencies can be used to pay for movie tickets at Regal Cinemas
At Regal Cinemas, America’s largest movie theater chain, payment for movie tickets and snacks can be made in cryptocurrencies. For this Regal Cinemas has partnered with digital payments company Flexa. These cryptocurrencies include Bitcoin, Dogecoin, Litecoin and Ether. Apart from this, Regal Cinemas will also take payment through Basic Attention Token (BAT). Earlier, another popular US theater chain AMC had announced to accept payments in cryptocurrencies.
Regal Cinemas will offer a greater range of cryptocurrencies and tokens for payment. The company said that it is partnering with Flexa to offer instant payments in cryptocurrencies including Bitcoin, Ether, Litecoin and Dogecoin. It will also accept digital dollars and stablecoins including SD Coin, Dai and Gemini. Digital tokens including LINK, ATOM and BAT will also be charged for payment of movie tickets and snacks.
The facility will be available for approximately 6,880 screens in Regal Cinemas’ more than 510 theaters in 42 states in the US. Customers will be able to link their Regal Crown Club loyalty account for rewards when they pay for movie tickets with the Flexa app. Ken Thewes, Chief Marketing Officer, Regal Cinemas, said, “This partnership will allow us to more easily accept cryptocurrencies, including Bitcoin, and add convenience to our customers.”
Trevor Filter, co-founder of Flexa, said, “We are thrilled to partner with Regal Cinemas. We are working on making payments easier in digital currency for movies and more. This will allow for payment in movie theaters. Bringing in the modern way will help.”
Earlier, competitor AMC of Regal Cinemas had said that online payment for tickets for its movie theaters can be done with Bitcoin, Ether, Bitcoin Cash and Litecoin. AMC will also include Shiba Inu and Dogecoin in this list.
The government’s stand on cryptocurrencies in America has so far been tough and has indicated to enact a law for it. However, in the past few months, many US companies have started accepting payments for products and services in cryptocurrencies.