Coinsource, the Bitcoin ATM network, has just announced an increase to their daily withdrawal limit. The company will now allow users to withdraw up to $5,000 USD. The news comes in response to the growing demands for more ATMs and the company's expansion earlier this year to Mid-Atlantic states, including Delaware, Pennsylvania, and New Jersey.…
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Bitcoin is currently priced at around $6,490 according to several major cryptocurrency exchanges. The "people's currency" took major hits in the past few weeks, dropping even below $6,000, when in December 2017, the coin was hitting $20,000 on a weekly basis for a short period of time. Despite the fluctuation, however, positivity on Bitcoin's future…
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When cryptocurrency enthusiasts think of large Bitcoin stashes, countries such as USA, China and other may come to mind. Also, when one thinks of Bitcoin and huge supply of it, exchanges like Bifinex and Coinbase come to mind. However, as surprisingly as it may sound, the country with the second largest stash of Bitcoin on…
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With recent news reporting that over 800 cryptocurrencies are now considered dead, is the end of Bitcoin upon us? Are cryptocurrencies a fad that will be obsolete within 5 years? Cryptocurrency Experts give their insight into whether the death of crypto is upon us. Max Kortrakul, Founder and CEO of social crypto trading platform Carboneum,…
Read moreBitcoin is often hailed as the "people's currency", because of its decentralization and blockchain technology. Bitcoin is now entering people's everyday lives, it seems, as the first bitcoin-powered coffee machine is now available. The creator of the innovative technology is Ricardo Reis, an entrepreneur from Brazil. The idea behind the Bitcoin-coffee machine is to show…
Read moreBitcoin has taken yet another hit. Its price tumbled below $6,500 in just a matter of days. While in December, 2017, Bitcoin was trading above $19,500 per coin on the largest exchanges in the world, that quickly changed and now, for a second time, the "people's currency" is taking a cut of almost 50% of…
Read moreThe Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) today issued a joint staff advisory that gives exchanges and clearinghouses registered with the CFTC guidance for listing virtual currency derivative products. The CFTC staff is committed to providing regulatory clarity as much as possible,” said DMO…
Read moreRoboForex, the Belize-based unit of the Retail FX brokerage group, has announced that it is introducing an opportunity for clients to buy Bitcoin (BTC) for fiat money. RoboForex stated that this innovation will allow the company’s clients to buy BTC, perform trading operations with this asset, and convert the cryptocurrency back to fiat money. Along with…
Read moreCboe Global Markets, Inc. (Nasdaq: CBOE) has announced the settlement of the May expiry Cboe bitcoin (XBT) futures, the fifth contract settlement (January, February, March, April) conducted since the contract was introduced last December. The settlement price was $8,238.49, as determined by the 4:00 p.m. ET Gemini1 Exchange bitcoin auction. Cboe bitcoin futures, the first…
Read moreWarren Buffet, Charlie Munger and Bill Gates all have one thing in common - except for being three of the wealthiest people alive, they all three proclaim that Bitcoin and other cryptocurrencies are "rat poison". During the Berkshire Hathaway annual shareholders' meeting, the founder of Microsoft Corporation, Bill Gates expressed his clearly negative comments on…
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