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Oskaloosa News Recap For January 12th, 2021 - Oskaloosa News

Oskaloosa News Recap For January 12th, 2021
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Stocks dipped slightly on Monday to begin the new trading week. The tech-heavy Nasdaq shed 165 points, while the Dow fell 89 points and the S&P slipped 25 points.
There is ongoing concern that a market bubble is forming, and valuations are being artificially propped up with low interest rates and economic stimulus money. A striking example is Tesla which presently trades at more than 90-times cash flow.
Bitcoin was trading near $40,000 a unit over this past weekend, but has settled back down to around $33,000 on Monday.
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The man accused of going on a shooting spree in and around Chicago over the weekend has been identified as 32-year-old Justin Nightengale. ....

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Hell's Kitchen Bars Up For Sale For Bitcoin

The owner of two bars in Hell’s Kitchen wants to sell the establishments for Bitcoin, in what could be the first transaction of its kind in the city. ....

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First cryptocurrency-only restaurant sale in US launched

A Big Apple bar owner is bowing out and banking on Bitcoin with what could be the first cryptocurrency-only restaurant sale in the US.
This week, Patrick Hughes put his side-by-side Hell’s Kitchen watering holes, Hellcat Annie’s and Scruffy Duffy’s, up for sale. The price tag: 25 Bitcoins or 800 Ethereum tokens for both, a value of about $875,000 by current cryptocurrency prices.
“Crypto is on fire, it’s a hot currency,” said Hughes, 56, a Queens native who now resides in Ho-Ho-Kus, NJ, and whose family has been in the Manhattan bar business since 1970. “It’s decentralized. It’s global.” ....

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NYC bar owner making historic bitcoin bet: 'I've been looking for an exit strategy'

A New York City bar owner has put his two Manhattan establishments up for sale for the asking price of 25 bitcoins, telling FOX Business Network Monday that he believes the cryptocurrency is “here to stay.”
“This is a very challenging market in New York City for bars and restaurants, we all know that, Patrick Hughes told Cavuto: Coast to Coast . So there’s not a lot of guys that are already in this business looking to jump in and expand. So with bitcoin being so hot, my idea was there’s got to be guys out there that want to further legitimize the currency and they’re walking around with their bitcoin wallets and they’ve got plenty of bitcoin to spare and I’ll take some of that. ....

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Two New York City Bars Might Make History by Selling for Bitcoin (BTC) or Ethereum (ETH) as Crypto Prices Surge

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Two New York City Bars Might Make History by Selling for Bitcoin (BTC) or Ethereum (ETH) as Crypto Prices Surge
January 10, 2021 @ 1:29 pm By Omar Faridi
Two New York City bars could potentially make history by selling for Bitcoin (BTC), the flagship cryptocurrency that’s currently trading at almost $41,000, up from only $3,800 back in March 2020 (which was when the digital asset crashed briefly along with the broader financial markets due to the economic uncertainty created by COVID-19).
As first reported by the NY Post, a Big Apple bar owner is “bowing out” and betting big on Bitcoin with what might just be the first crypto-only restaurant sale in the United States. ....

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