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Venezuela: First Bitcoin ATM Opens ‘In 2 Weeks’ Amid Localbitcoins Shutdown Reports

Venezuela, the country seeing new Bitcoin trade volume records on an almost weekly basis, is to get its first ever Bitcoin ATM. Cryptobuyer: ATM Already In Caracas In an interview with local radio and news media network Union Radio, Jorge Farias, CEO of Panama-based Cryptobuyer, said the machine had already arrived in the country’s capital Caracas. “We are going to install the first cryptocurrency ATM in Venezuela over the course of the next two weeks,”

The post Venezuela: First Bitcoin ATM Opens ‘In 2 Weeks’ Amid Localbitcoins Shutdown Reports appeared first on Bitcoinist.com.

Wyoming Looks Determined to Legalize Bitcoin as Money

Wyoming is introducing a bill that will put cryptocurrency like Bitcoin on the same legal footing as money. The bill will also provide a precise classification of digital assets, especially for custody administration. Cryptocurrency to Have the Same Legal Status as Money Sponsored by Sen. Tara Nethercott (R-WY) along with five other state Senators and Representatives, the proposed bill titled “Digital assets-existing law,” calls for the proper classification of virtual assets. The bill also seeks

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Gov’t Shutdown Freezes SEC Activity, But Bitcoin ETF Date Unaffected

SEC headquarters government shutdown

The US Securities and Exchange Commission (SEC) has frozen all pending administrative proceedings due to the government shutdown. According to a legal expert, however, the Commission is not allowed, by law, to delay the decision on VanEck/SolidX Bitcoin ETF past its current deadline.  No More Delays Despite Government Shutdown The SEC has issued an order on January 16th, putting all pending administrative proceedings on hold because it has “experienced a lapse in appropriations.” According to

The post Gov’t Shutdown Freezes SEC Activity, But Bitcoin ETF Date Unaffected appeared first on Bitcoinist.com.

ShapeShift Aided 60 Law Enforcement Inquiries in 2018, Erik Voorhees Reveals

Law enforcement

It seems like ShapeShift has done exactly as its name suggests, changing form almost beyond recognition. Founder, CEO, and no fan of the SEC, Erik Voorhees’ exchange once existed without accounts. Now they have full KYC and hand over customer data upon request. ShapeShift Shocked Crypto World With KYC In what can only be described as a seismic shift in ethos, ShapeShift started implementing KYC in September 2018. They first sugarcoated it as a “membership program,”

The post ShapeShift Aided 60 Law Enforcement Inquiries in 2018, Erik Voorhees Reveals appeared first on Bitcoinist.com.

Bitcoin Mining Getting More Decentralized As Bitmain Loses Dominance

bitcoin mining miner

Bitcoin mining has become so decentralized that six transaction confirmations now provide “complete protection” against double spending. Data: Mining Monopolies Dwindling That was the conclusion drawn among social media commentators analyzing the latest statistics about the Bitcoin mining industry, which as of January 16 showed no single pool controlling more than 11.4 percent of the total hashrate. “The mining distribution is almost such that the miner’s share is no more than 10%, and, accordingly, 6

The post Bitcoin Mining Getting More Decentralized As Bitmain Loses Dominance appeared first on Bitcoinist.com.

Thailand Stock Exchange Considering Gov’t License to Trade Bitcoins

The Stock Exchange of Thailand (SET) could become the latest entity to obtain a cryptocurrency trading license in the country. This news comes as the bourse is reportedly mulling to become a licensed digital asset trading platform.  SET Eyes Digital Asset License to Trade Cryptocurrency According to the Bangkok Post, the SET plans to apply to the Thai Finance Ministry, to obtain a digital asset operating license. If granted, the stock exchange could establish its cryptocurrency

The post Thailand Stock Exchange Considering Gov’t License to Trade Bitcoins appeared first on Bitcoinist.com.

Thousands of US Grocery Stores to Sell Bitcoin At Coinstar Kiosks

supermarket coinstar

A U.S. Bitcoin ATM company has teamed up with international coin counter Coinstar to offer Bitcoin purchasing facilities in “thousands” of new locations. More Bitcoin For Cash Washington-based Coinme, which has operated Bitcoin ATMs since 2014, confirmed the deal via a press release January 17. The exact extent of the rollout remains undisclosed, but executives referenced “thousands” of U.S. locations currently served by Coinstar, which allows consumers to count loose change. Coinstar itself lists 20,000

The post Thousands of US Grocery Stores to Sell Bitcoin At Coinstar Kiosks appeared first on Bitcoinist.com.

Move Over Bitcoin, Criminals Using V-Bucks in Fortnite to Launder Money

fortnite bitcoin

Enough already of the tired old rhetoric that Bitcoin is the first choice of criminals for money laundering. Criminals will use any means available, including Fortnite’s V-Bucks, according to a new investigation by The Independent. Free Game, Expensive Outfits The Fortnite Battle Royale game has become an online phenomenon, largely because it is multi-platform and free-to-play. But in-game items, such as skins, must be paid for using the in-game currency V-Bucks. With 1000 V-Bucks costing

The post Move Over Bitcoin, Criminals Using V-Bucks in Fortnite to Launder Money appeared first on Bitcoinist.com.

Bitcoin Node Count Stabilizes – Back Up Over 10K in Past 3 Months

BItcoin nodes

The Bitcoin network continues to rebound from recent activity slumps, its total node count reaching 65,000 with reachable nodes totalling over 10,000. Technical ‘BUIDLout’ Continues Data from Earn.com (formerly 21.co) and Bitcoin developer Luke-jr’s own monitoring resource confirm the growth, which has lately centered on Germany, now contributing almost 19 percent of nodes. Specifically, there were 64,768 Bitcoin Core nodes at press time January 16, equating to 99.02 percent of the total. In terms of

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Goldman Sachs-Backed Startup Unveils Cold Storage Cryptocurrency Trading

Palo Alto-based blockchain security company BitGo has developed a platform which will enable traders to buy and sell cryptocurrencies without having to take it out of cold-storage.  A Focus on Security Days after the cryptocurrency exchange Cryptopia got hacked, Palo Alto-based security company, BitGo, announced that it has developed a platform allowing traders to buy and sell digital assets right from BitGo’s cold storage custody. BitGo closed a Series B funding round in October 2018,

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