Two New York City Bars up for Sale for a Total 25 Bitcoins
Two New York City bars are up for sale for a combined 25 bitcoins or 800 ether – over $800k at current prices. Bar owner Patrick Hughes has seen the worst of the Covid-19 pandemic lockdown on his operations and decided to sell the two watering holes for crypto. ● “Crypto is on fire, it’s a hot currency,” Hughes told the New York Post on Jan. 9. “It’s decentralized. It’s global.” The 56-year-old Ho-Ho-Kus, NJ, resident’s decision may have been motivated by bitcoin’s recent bullish run – and also the need to preserve....
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"I’m hoping to catch one of these crypto dudes who always wanted to own a bar," said Patrick Hughes. New York City bar owner and crypto enthusiast Patrick Hughes is offering to sell two of his popular restaurants in the Hell's Kitchen neighborhood of Manhattan for cryptocurrency.According to a report from the New York Post, Hughes will accept crypto payments in the form of Ether (ETH) or Bitcoin (BTC) for the sale of Hellcat Annie’s and Scruffy Duffy’s located on 10th Avenue in New York City. A sign in front of the bars states that the asking price is 800 ETH or 25 BTC for both properties....
New York City Attempts to Shut Down Bitcoin. Ben Lawsky, Superintendent of Financial Services at the New York State Department of Financial Services (DFS) announced on reddit today New York’s proposed new regulatory framework for virtual currencies. The regulations will be formally published in the July 23, 2014 edition of the New York State Register – which starts a 45-day public comment period. A copy is available here on the DFS website. A summary of the regulations may be found below: Entities are considered dealing in virtual currencies if: They transfer Bitcoins on behalf of one....
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