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Rumors Denying Russia’s $10B Bitcoin Investment ‘Ridiculous,’ Says Ginko

kremlin

The economist who told the media Russia was planning to buy $10 billion of Bitcoin has staunchly defended his remarks in the face of ensuing criticism. ‘Who Denied It? Vladimir Putin?’ Speaking to Australian news outlet Micky, which first reported the story earlier this month, Vladislav Ginko dismissed reactions which questioned his reliability. “The most ridiculous claim was that Russia had denied wanting to buy Bitcoin,” he told the publication January 21. The logical question

The post Rumors Denying Russia’s $10B Bitcoin Investment ‘Ridiculous,’ Says Ginko appeared first on Bitcoinist.com.

Lightning Network Goes to Congress as Specter of Crypto Policy Grows

This week, non-profit advocacy group Coin Center joined the Congressional Blockchain Caucus on Capitol Hill for a presentation on cryptocurrency that featured a one-satoshi Lightning Network micropayment. The talk comes after several inroads toward a more mature U.S. crypto policy landscape have materialized in recent days.  Also read: Bakkt Acquisition: Backend Buyup to Boost Crypto Amid Payments …

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Australian Bitcoin ATM Startup Says Its Raking in $360,000 Per Week

bitcoin atm

A Bitcoin ATM company from Australia has reported a weekly turnover of $500,000 AUD (roughly $360,000 USD) despite the cryptocurrency bear market.  $360,000 Weekly Turnaround Auscoin, an Australian bitcoin ATM company, has reported a weekly turnaround of $360,000 in 2018. According to the reports, it’s currently operating 31 ATMs throughout Australia but it’s planning to expand. Speaking on the matter, Sam Karagiozis, founder at Auscoin, said: We currently have 31 Auscoin ATMs in Australia… and

The post Australian Bitcoin ATM Startup Says Its Raking in $360,000 Per Week appeared first on Bitcoinist.com.

Bitcoin Whale Grayscale Adds Stellar Lumens to Its Lineup

Grayscale Investments, the world’s largest cryptocurrency investment firm, has added Stellar Lumens to its lineup of crypto investment funds. The addition brings its nest of cryptos to nine digital assets. Also read: Bakkt Acquisition: Backend Buyup to Boost Crypto Amid Payments Wars Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts See Lumens, …

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Washington State County Doubles Down on Cryptocurrency After Mining Bust

mining

After the boom, backlash, and (partial) bust of Bitcoin in central Washington, one might expect an aversion to the technology. But instead, one authority wants to capitalize on the resources left in the aftermath, to promote new growth in blockchain. A Story Sad To Tell Central Washington’s story is not uncommon in the cryptocurrency world. A cool climate and a shed-full of cheap hydro-electric power attracted speculators from as far away as China. The new

The post Washington State County Doubles Down on Cryptocurrency After Mining Bust appeared first on Bitcoinist.com.

India’s Syndicate Bank to Expedite ATM Reconciliation Using Blockchain Technology

One of India’s oldest lenders–Syndicate Bank–will leverage its private blockchain network to simplify and shorten the ATM (Automated Teller Machine) reconciliation process. It is a move that could prove instrumental in bringing DLT into the mainstream in the country.  Also read: The Unique Consensus Mechanism of Decred–Is This True Decentralization? Subscribe to the Bitsonline YouTube channel for great …

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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.

Crypto C’mere: Russian Legislators Warm to Cryptocurrency

In another sign that senior Russian officials are warming up to cryptocurrencies and blockchain, local legislators have adopted a crypto-friendlier definition of digital financial assets. The lawmakers have also confirmed plans to create a national Russian cryptocurrency. Also read: Belarus Launches First Legitimate Crypto Exchange Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & …

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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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Coinbase Resumes Spending Spree With Blockspring Acquisition

Coinbase has made its first acquisition for the year. In a deal announced on January 17th (albeit not by Coinbase itself), the exchange giant acquired Blockspring, a data collection startup based in California. Also read: The Unique Consensus Mechanism of Decred–Is This True Decentralization? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts …

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