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Investing Playbook

Why hackers use bitcoin and why it is so difficult to trace

Although it hasn’t found success as a mainstream, transactional currency, it is increasingly used in scams. Purporting to be former President Obama, Bill Gates and Kanye West, hackers steered Twitter followers to send $1,000 in bitcoin, promising $2,000 in return. They drew more than $100,000 before the scam was shut down.

AMC Theaters ink deal to help it survive pandemic

AMC Entertainment Holdings Inc. has reached a deal with investors who will pump $300 million of new money into the company, as the nation's largest theater chain looks to restart its business and fill seats with moviegoers still wary of the coronavirus pandemic.