U.S. company Athena intends to supply El Salvador’s new crypto-based economy with 1500 Bitcoin ATMs, a company representative has confirmed. The rollout will start small, trialing a few dozen machines to establish a business model. The Chicago headquartered firm plans to invest more than $1 million to install cryptocurrency ATMs, targeting regions where residents receive …
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A unique combination of lockdowns, March’s stock market crash and Robinhood’s commission-free trading innovation created a massive surge of a new class of investors. At an average age of 31, millions of novice traders replaced sports betting, movie-watching and other hobbies with obsessive staring at stock charts on their newly discounted brokerages’ apps. Robinhood alone …
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President Bukele said nothing can stop Bitcoin from seeing widespread adoption in El Salvador, and he sees no scenario in which it can be stopped. “I don’t see anything stopping it. Everything about the humans can be stopped. But I just don’t see how. It’s law, the government is working 24/7 in going to effect …
JPMorgan analysts say the upcoming ‘unlock’ of a popular Bitcoin fund could cause further selling of spot BTC, driving the prices of the world’s largest cryptocurrency by market cap to as low as $25,000. “While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the …
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press release PRESS RELEASE. Bitcoin of America, a popular virtual currency exchange, is known for their 1200+ ATMs across 31 US states. Bitcoin of America is looking to bring attention to the success their team, working behind the scenes, has had on the company’s growth. Some of their top executives were interviewed on the future …
The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal settlement by its resident coordinator, Stephen Jackson. In a tweet, the mission …
A new report shows that U.S. regulators have imposed fines and penalties totaling $2.5 billion on crypto firms and individuals so far. The U.S. Securities and Exchange Commission (SEC) has imposed the most fines, followed by the Commodity Futures Trading Commission (CFTC). Meanwhile, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) is the latest …
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Andreessen Horowitz, the Silicon Valley venture capital firm founded by Marc Andreessen and Ben Horowitz, has announced the launch of a $2.2 billion crypto fund. The firm is “radically optimistic about crypto’s potential to restore trust and enable new kinds of governance.” Andreessen Horowitz Launches $2.2 Billion Crypto Fund Andreessen Horowitz announced the launch of …
Since deploying natively on Harmony’s blockchain in May, Sushi is now deepening its collaboration with Harmony after revealing plans to bring its full decentralized finance (defi) product stack onto the blockchain with accompanying incentives designed to drive greater participation. Meanwhile, decentralized exchange (dex) competition continues to swell. Partnership Expansion Accompanies $4 Million in Incentive Campaigns …
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PlanB, the brainchild behind the Bitcoin stock-to-flow model, has revealed he is feeling “uneasy” about his renowned price predictions due to the recent downtrend in markets. The stock-to-flow (S2F) model, which has predicted BTC prices with some degree of accuracy over the past two years, has been called into question by some of his followers …
Two payments firms have partnered to roll out crypto payments across 50,000 electric vehicle (EV) charging stations in Europe. The partnership is between Irish e-commerce and mobile payment solutions firm HIPS Payment Group Ltd and Vourity, a Swedish firm that specializes in unattended payment facilities such as EV charging stations. The integration of crypto payments …
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An analyst with a large following in the crypto space says he’s stockpiling an altcoin that’s significantly outperforming both Bitcoin and Ethereum during the major market downturn. The pseudonymous trader Capo tells his 135,000 Twitter followers that he is steadily increasing his supply of Constellation Network (DAG), an open source platform designed to allow developers …
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. So low you’ve got to reach up to touch the bottom This week in China felt like one giant mining-farm sized pile of …
Bitcoin (BTC) price received a boost as news that lawmakers in Paraguay plan to present a bill to make BTC legal tender spread across Twitter. Shortly after the unconfirmed news surfaced on Twitter, Bitcoin price rallied to $35,289 before slightly pulling back below the key short-term resistance level. Congratulations Paraguay • a bill has been submitted …
Blockchain-based sports platform Chiliz has partnered with the Portuguese Football Federation to release fan tokens on Socios. In a Thursday announcement from Socios, the platform said it will be dropping tokens for the Portugal national football team, also known as A Seleção or “The Selection,” within the next few days for local fans. As with …
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