Many chain restaurants operated by parent company Landry's will begin to accept Bitcoin as a form of payment for meals. In an interview with CNBC yesterday, Landry's chair and CEO Tilman Fertitta said “80% to 90%” of the company’s restaurant brands — including the Bubba Gump Shrimp Company, Morton’s The Steakhouse, and Mastro’s — would accept Bitcoin (BTC) and other cryptocurrencies in the next 90 days. Fertitta said the move was a step towards bringing crypto into the mainstream.
“It’s amazing how simple [a crypto] transaction is, and it is here to stay. This is where it is, and it’s inevitable that this was going to happen,” said the Landry’s CEO.
The Bubba Gump Shrimp Company, inspired by the 1994 film Forrest Gump starring Tom Hanks, has more than 30 restaurant locations in the United States, Japan, the United Kingdom, Hong Kong, China, Indonesia, Mexico, Canada, the Mariana Islands, and Qatar. Fertitta also owns a Luxury automobile retailer in Houston called Post Oak Motor Cars, which has been accepting BTC since 2018.
Ether (ETH) is approaching the top 30 most valuable assets in the world following its latest price breakthrough, offering further evidence that the developer network is in the midst of a powerful bull market.
ETH price peaked at $2,741.78 on Wednesday, marking a new all-time high, according to TradingView data. With a current value of around $2,730, Ether’s total market capitalization is now $315.4 billion.
With the gain, Ether is now the 33rd most valuable asset in the world, swiftly overtaking the precious metal platinum, according to comparison website CompaniesMarketCap.com. The total market capitalization of mined platinum, which is currently estimated at around $303 billion, is derived from an analysis of the commodity’s cumulative production since 1900. Utilizing data from Statistica and Johnson Matthey Technology Review, CompaniesMarketCap.com estimates that 250 million ounces of platinum have been mined.
The United States Securities and Exchange Commission has extended the original 45-day window to approve a Bitcoin (BTC) exchange-traded fund, or ETF, from asset manager VanEck. According to a filing from SEC on Wednesday, the regulatory body will push the deadline for approving or disapproving VanEck’s Bitcoin ETF from May 3 to June 17, an additional 45 days.
“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the comments received,” said SEC Assistant Secretary J. Matthew DeLesDernier in the filing.
VanEck submitted the paperwork to apply for a Bitcoin ETF with the SEC last month following the asset manager withdrawing a similar application it had filed in January in partnership with blockchain startup SolidX. Both Valkyrie Digital Assets and Fidelity Investments have already filed registrations with the commission to form Bitcoin ETFs in January and March, respectively.
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