Increasing Number of Crypto ATMs in Europe Support BCH

Increasing Number of Crypto ATMs in Europe Support BCH

Featured A growing number of cryptocurrency ATMs in Europe now buy and sell BCH, increasing the popularity and widening the adoption of Bitcoin Cash. Many of the teller machines are located in major cities and resorts offering Europeans and visitors easy access to the world of fast and affordable digital money transactions. Also read: Chrome Extensions Will Soon Protect Against Miners and Hackers Numerous BCH ATMs and Tellers Help Bitcoin Cash Adoption Across Europe The Bitcoin Cash adoption has been increasing rapidly over the past year with more and more merchants, wallet providers and users taking advantage of the fast and low fee BCH transactions. Add to that a growing number of teller services offering the opportunity to buy and sell the electronic cash around the world. Europe often needs more time to embrace things, but in this case it has been quicker than usual – more ATMs and tellers now support purchases and sales of bitcoin cash. Many of them are located in Europe’s capitals, tourist destinations and resorts. According to data provided by Coinatmradar, there are numerous points where one can exchange – buy, sell or both – fiat money with bitcoin cash. Britain seems to be the absolute leader with over 70 bitcoin ATMs offering BCH. At least 50 of them are concentrated in London and its metropolitan area. The capital of the United Kingdom is a popular destination with almost 20 million visitors annually. The closest one to Trafalgar Square and Piccadilly Circus is located on 4 Lisle Street – it’s a buy-only machine which sells BCH, along with BTC, ETH, LTC and DASH. Purchases are limited to £2,000/txn. Spain, another fascinating country to visit, has at least 18 ATMs supporting bitcoin cash. There is a teller machine on 28 Calle Gutierre De Cetina Street in the capital Madrid. It’s a buy-only device and has a daily limit of €999 for the purchases of a number of cryptocurrencies. There’s a BATM in Palma de Mallorca, on 10 Carrer Carles I Street, which is a two-way device with transactions limited to €2,000. It buys and sells digital money, including BCH, with a fee of 6% over Bitstamp rates. The crypto teller machine on 8 Calle Londres Street in Adeje, Tenerife, also processes…

Op-Ed: KYC and Stringent Regulations Frustrate New Crypto Entrants

Op-Ed: KYC and Stringent Regulations Frustrate New Crypto Entrants

Op-Ed The following opinion piece on crypto regulations was written by Benjamin Pirus, a crypto trader who has written many articles for different ICOs, crypto news outlets, and clients. Government protection and regulations may provide reasons for thankfulness. But that doesn’t mean there aren’t significant frustrations and need for change in the current system. Regulation leads to normal citizens being inhibited or even put at risk in many ways. Definite need for change exists in two particular areas: the current United States accredited investor laws, and current overall KYC expectations. Also Read: Wave of Mobile Tax Hikes Squeeze Africa’s Poor to Indulge Governments With tokenized securities just around the corner, as well as recent ICO regulation, the U.S. accredited investor law has been the topic of much discussion. Under current laws, Initial Public Offerings (IPOs), as well as many ICOs, ban U.S. citizens from investing unless they are deemed to be certified accredited investors. According to the Securities and Exchange Commission (SEC), an accredited investor is described as anyone who has “earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence)”. The above described law prevents a significant portion of the United States from investing. This is extremely frustrating because there are often many people with more than enough knowledge to invest but are barred from participation. Just because someone has significant money, doesn’t mean they know how to properly handle it. In a recent interview, Desico (tokenized securities) co-founder and CEO Laimonas Noreika explained that “there are significant amounts of accredited investors who lack expertise in areas, but still have enough money to achieve accreditation. On the opposite side, millions of people do not have enough money for accreditation, but have more than enough knowledge to decide where and why they want to invest. We want to see both of these groups included.” The Frustration This is unendingly frustrating for educated individuals who see opportunity but are not legally allowed to capitalize on it. This also hurts companies and ICOs, as many are prohibited from initial…

Winklevoss’ Gemini Crypto Exchange Secures Insurance Coverage for Custodied Assets

Winklevoss’ Gemini Crypto Exchange Secures Insurance Coverage for Custodied Assets

Cryptocurrency exchange and custodian Gemini Trust Company, LLC (Gemini) has secured insurance coverage for custodied digital assets from lending services firm Aon, according to a press release published Oct. 3. Founded in 2014 in New York by Tyler and Cameron Winklevoss, Gemini is now the 50th largest digital currency exchange by 24 hour adjusted trade volume, according to data from CoinMarketCap. Per the press release, Gemini’s digital insurance coverage will complement the already available Federal Deposit Insurance Corporation (FDIC)-insured U.S. dollar deposits. Yusuf Hussain, Gemini’s Head of Risk, said: “Consumers are looking for the same levels of insured protection they’re used to being afforded by traditional financial institutions. Educating our insurers not only allows us to provide such protections to our customers, but it also sets the expectation for consumer protection across the crypto industry.” In July, Aon claimed to occupy 50 percent of the cryptocurrency insurance market, expecting to see more crypto-specific protections catering to the industry. Another insurance brokerage company, Marsh & McLennan, reportedly said that 2018 had been “brisk” for crypto-insurers, revealing that it had formed its first-ever team dedicated to broker policies for blockchain startups. Last month, Gemini exchange announced that former Chief Information Officer of the New York Stock Exchange (NYSE) Robert Cornish had joined the company. At Gemini, Cornish is  responsible for leading technology initiatives and monitoring the deployment of Nasdaq’s SMARTS Market Surveillance technology, which will let Gemini control all of its order books and Gemini Auctions. In April, Gemini revealed that it would begin offering crypto block trading outside of their regular order books. Investors that want to trade on the Gemini Block Trading marketplace will be able to buy and sell large amounts of cryptocurrencies. In December last year, Gemini partnered with the Chicago Board Options Exchange (CBOE) to launch Bitcoin (BTC) futures, which let them bring the traditional market instruments into the crypto space.

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, October 3

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, October 3

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Investment firm Tiger Global is “finishing negotiations” to buy a stake worth about $500 million in one of the largest U.S. crypto companies Coinbase, at a reported valuation of around $8 billion. Tiger is a reputed firm led by savvy investors, hence this investment might grab the attention of other hedge funds, some of which have been looking to make a similar investment. Although the crypto bear market is scaring away retail investors, institutional players are using the current fall to invest in various blockchain and crypto firms. A report by Diar shows that venture capital firms have pumped almost $3.9 billion into crypto and blockchain firms so far in 2018. This is a 280 percent increase from 2017. While the fundamentals are improving, the manipulation of the crypto prices by automated trading programs, or bots, is hurting the small investors and the overall reputation of the industry. The lack of proper regulations is encouraging the use of bots for manipulative strategies. Such bots are outlawed in the traditional equity and derivatives markets. Therefore, retail investors should only commit an amount they can afford to lose, and they should always trade with proper stop losses (SLs). BTC/USD Bitcoin has broken down of both moving averages and the small trendline support. This shows that the sellers have the upper hand in the short-term. However, if the bulls manage to scale the price back above the trendline and the moving averages, it will indicate demand at lower levels. The longer the price remains below the downtrend line of the descending triangle and the moving averages, the greater are the chances of a retest of the critical support zone of $5,900–$6,075. A break out of the downtrend line and $6,831.99 can propel the pair to $7,400, which in turn might act as a strong resistance. We expect the BTC/USD pair to make a decisive move within the next week. As the price is close to our buy levels, we suggest traders…

Abra Is Launching a Crypto Token Tied to an Investment Fund

Abra Is Launching a Crypto Token Tied to an Investment Fund

Crypto wallet provider Abra is launching a new token in a bid to offer investors more exposure to the cryptocurrency market. The Bitwise 10 Crypto Index Token (Bit10), developed with Bitwise Asset Management, tracks the top 10 cryptocurrencies by market capitalization and is rebalanced monthly. Investors can purchase the token, which is built on bitcoin, to essentially invest in all 10 cryptocurrencies at once, according to a press release. This grants retail investors access to “nearly 80 percent of the cryptocurrency market” at once, the release stated. Abra CEO Bill Barhydt told CoinDesk that at present, the fund invests in bitcoin, ethereum, XRP, bitcoin cash, EOS, stellar, litecoin, dash, monero and zcash. Users can deposit bitcoin, litecoin, bitcoin cash or a fiat currency into their Abra wallets and convert funds to the Bit10 token, he added. The token itself is not a fund, he explained, adding: “The Bit10 token is 100 percent bitcoin based. It is a single bitcoin collateralized multi-sig wallet. The amount of bitcoin the consumer is holding in the Bit10 token’s wallet is automatically adjusted to reflect the USD value of the Bit10 index. Abra is the counterparty to the contract and hedges away counterparty risk on all of its contracts. This is exactly how all of the other synthetic assets in Abra function.” The token works by using smart contracts to peg a user’s cryptocurrency or fiat currency holdings to Bit10. Bit10’s price will, in turn, move with the performance of those coins. While the token is built on Bitwise’s index fund, it is not an exchange-traded fund (ETF), an Abra representative said. However, the token is similar to an ETF in its ability to grant investors exposure to an index. That being said, Bitwise does intend to offer an ETF based on its cryptocurrency index fund, as previously reported. At the time, the company said it was looking for approval from the U.S. Securities and Exchange Commission (SEC). Because the Bit10 token is not an actual ETF, it does not require approval through the SEC, the Abra spokesperson told CoinDesk. Barhydt explained that “the Abra BIT10 token uses the same synthetic asset model as all of the other Abra tokens available in our app. The tokens are held in fully…

British Masters Golf Tournament Signs On Crypto Startup Sponsor

British Masters Golf Tournament Signs On Crypto Startup Sponsor

A cryptocurrency startup is officially sponsoring a professional golf tournament in the U.K. LIFElabs, a philanthropy-focused cryptocurrency startup, is sponsoring the Sky Sports British Masters golf competition next week, the company announced Wednesday. It joins companies such as Adidas, Ladbrokes and TaylorMade in sponsoring the As part of its sponsorship, the startup will hold a contest on the ninth hole for participants: the first player to hit a hole-in-one will win £10,000, with a further £10,000 being split between Cancer Research UK, a research and awareness charity, and the European Tour Foundation, the official charity of the British Masters. The tournament, scheduled for October 11-14, will be hosted by 2013 U.S. Open champion Justin Rose. European Tour head of commercial partnerships Max Hamilton said in a statement that he was “delighted” to welcome LIFElabs as a sponsor, saying the company is “a progressive business and a great fit for the Sky Sports British Masters.” Similarly, LIFElabs CEO Luke Chittock said the startup is looking to “invest in the future of humanity,” in a statement. “We know that sport brings people together in a completely unparalleled way,” he said, adding: “We partnered with the European Tour because it is an innovative brand within the golfing world, with one eye firmly fixed on the future. As such, both LIFElabs and the British Masters are looking to make a real difference to people’s lives, both here in the UK and across the rest of the world.” Golf equipment image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Under the Tent: A Look at the Latest Openbazaar Marketplace Software

Under the Tent: A Look at the Latest Openbazaar Marketplace Software

Reviews Back in April of 2016 news.Bitcoin.com reviewed the Openbazaar platform the first day the marketplace launched. Since then the application has come a long way with many updates, new features, and the platform most definitely has more users. This week we decided to give the Openbazaar 2.2.5 client a test run and see how much has been improved. Also read: Shapeshift CEO Responds to Wall Street Journal Laundering Claims Testing Out the Openbazaar Client 2.2.5 If you are into cryptocurrencies you’ve likely heard about the open source marketplace called Openbazaar. The project has been around for a couple of years now and has greatly improved since we first reviewed the platform back in 2016. Since then the application has added a native wallet, cryptocurrency trades, Tor integration, better search engines, and more. We decided to give Openbazaar’s 2.2.5 version a test to see all the latest features and see what kind of wares are lurking in the corners of this decentralized e-commerce portal. The first thing we did was download the Openbazaar 2.2.5 client for the Mac operating system but the program is also available for Windows, and Linux as well. With a good internet connection, the download doesn’t take long at all (about 100MB) and the installation is fairly quick as well. After the install is complete, we load up the program and Openbazaar asks the user to agree to the terms of service. Following the agreement page, the platform asks the user to set up a default cryptocurrency wallet and the user has to choose between three digital assets. The choices include bitcoin core (BTC), bitcoin cash (BCH), and zcash (ZEC) and at the moment you cannot change this setting later. You can only choose one cryptocurrency to accept and you cannot change this in the future. Users are then asked to set up a profile where you register a name, add an optional description, an avatar, your location, and local currency. From here you can set up your store; which probably should be customized with a description of the wares you are selling, pictures, shipping address, moderation preferences, and of course the pricing of your listings. Users can also follow certain vendors and people can follow your store as well. Openbazaar also…

Bitcoin Cash Speaker Series II Brings Leading Bitcoiners Together

Bitcoin Cash Speaker Series II Brings Leading Bitcoiners Together

News Later this month, the London Bitcoin Cash (BCH) Speaker Series II will take place at Huckletree Shoreditch. It’s one of the final times representatives from Coingeek and Bitcoin.com, among other BCH enthusiasts, will meet prior to the November 15th hard fork. Though not overtly about forks, it is a chance for the public to hear thoughts from important developers and marketers about the future of decentralized digital currency. Also read: Colombia Crypto Exchange Asks New President for Banking Help Bitcoin Cash Speaker Series II in London at the End of This Month Mark Hebblewhite, Head of Marketing at Coingeek.com, Gabriel Cardona, Senior BCH Developer at Bitcoin.com and Founder of Bitbox, Alex Agut & Rafael Seibane, Founders of Hand Cash, and Alejandro De La Torre, VP Business and Operations of BTC.com, are part of the lineup set for Thursday, October 25th, 6pm to 9pm, in London for the second Bitcoin Cash Speakers Series. According to organizers at Cryptartica and Coingeek, supported by partners Bitcoin Cash Association (BCA) and Bitcoin.com, the event is “a follow-up to the first Speaker Series event. The series aims to cover the recent BCH ecosystem development and to nurture the local BCH community in London.” Cryptartica, a co-organizer, bills itself as “early adopters of” Bitcoin Cash, and a “first Bitcoin Cash store.” They’re a “platform in which independent designers can earn cryptocurrency by turning their unique ideas into high-quality and customization products.” BCH shirts, mugs, posters, and assorted swag can all be found on their site. Coingeek, the other principal organizer, is part of the Ayre Group, and it has a news site, a Citizenship Investment Program, a BCH Mining Pool, and it routinely organizes well-attended BCH-related conferences around the world. A Comprehensive Evening “The first part of the evening,” organizers explain, “will focus on BCH adoption. Mark from Coingeek and Gabriel from Bitbox will discuss about how their companies/projects help spread BCH adoption.” Gabriel Cardona’s Bitbox claims to solve BCH developer redundancies, making it theoretically easier to build applications, and has over 40,000 downloads through more than 100 countries. He’s also traveling the world explaining Wormhole, a BCH way to tokenize on-chain.   The event also includes Brew Dog, “the first major brewery to accept cryptocurrency, will also speak about their…

Israel’s Securities Watchdog Builds Blockchain Into Its Messaging Tool

Israel’s Securities Watchdog Builds Blockchain Into Its Messaging Tool

Israel’s securities regulator has launched a blockchain-based messaging system in a bid to improve security. As reported by The Times of Israel, the Israel Securities Authority (ISA) announced Wednesday that the tech had been rolled out initially across its “Yael” platform, which the agency uses to communicate with entities under its jurisdiction. The Times indicates that the blockchain integration has been developed in recent months by Israeli cybersecurity firm Taldor. By using an immutable blockchain technology, the agency aims to verify the authenticity and provenance of messages, as well as avert fraud by preventing communications from being altered. The ISA is quoted as saying that the integration provides an extra layer “ensuring the credibility of the information relayed to the supervised bodies.” Going forward, the ISA also aims to integrate blockchain in two other systems – an online shareholder voting platform developed by the ISA and a regulatory document archive called Magna. Natan Hershkovitz, director of the agency’s Information Systems Department, said: “Implementing blockchain technology in the ISA’s information systems makes it one of the global leading authorities in securing the information provided to the public.” While the regulator – like similar entities worldwide – is obviously sold on the benefits of blockchain, it has been more cautious when it comes to cryptocurrencies. Back in March, the ISA banned companies that primarily hold, invest in or mine cryptocurrencies from listing on the Tel Aviv Stock Exchange. Citing high volatility in the markets, the agency said it was protecting passive investors with the move, since their portfolios track the bourse’s indices. With Israel becoming something of a hotbed for crypto and blockchain startups, however, the regulator has seen fit to release guidance on what tokens it would class as securities. Also announced in March, the ISA said at the time it would evaluate new tokens on a case-by-case basis, and that it would allow use cases such as utility and payments to be classified outside the securities box. Israeli flag image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Crypto Assets on Winklevoss Gemini Exchange Are Now Insured

Crypto Assets on Winklevoss Gemini Exchange Are Now Insured

Crypto exchange Gemini has obtained insurance coverage for the digital assets it holds in custody, it announced Wednesday. The Gemini Trust Company, co-founded by Cameron and Tyler Winklevoss, said in a press release that its insurance will be provided through a consortium of insurers arranged by global professional services firm Aon, which provides “a broad range of risk, retirement and health solutions.” According to the release, the exchange received coverage after it could prove to underwriters that it “is a leading, best-in-class exchange and custodian.” This insurance comes on top of the Federal Deposit Insurance Corporation-insured dollar deposits that the exchange holds. Gemini head of risk Yusuf Hussain said in a statement that “consumers are looking for the same levels of insured protection they’re used to being afforded by traditional financial institutions.” He added: “Educating our insurers not only allows us to provide such protections to our customers, but it also sets the expectation for consumer protection across the crypto industry.” The news comes just weeks after the exchange announced it was launching a dollar-pegged stablecoin approved by the New York Department of Financial Services. Gemini is backing its stablecoin with dollar holdings similarly insured through the FDIC, it said last month. Gemini image via Jarretera / Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.