Why Need Real ATMs for “Unreal” Money?

Over the last three years, the number of cryptocurrency ATMs has increased by 700%. This is indicated by data from the DRIVE Markets exchange. According to the company’s research, on January 1, 2016, 501 automatic teller machines for digital coins were in operation, and in 2019, the figure has reached 4,128. Experts believe this trend is related to the growing popularity and confidence in the crypto industry and the simplicity and accessibility of the devices compared to digital assets exchanges…………….

Source: Why Need Real ATMs for “Unreal” Money?

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Cryptopia In Crisis: Joe Lubin’s Ethereum Experiment Is A Mess. How Long Will He Prop It Up?

year ago, Joe Lubin seemed like one of the most prescient people on the planet. Cryptocurrencies like ether were in the midst of a hockey-stick ascent, and Lubin, a cofounder of the Ethereum blockchain and one of its most articulate pitchmen, was scheduled to speak at events from Davos to SXSW. At his firm’s “Ethereal Summits,” it was standing room only, with crowds hanging onto his every utterance, no matter how bizarre…………….

Source: Cryptopia In Crisis: Joe Lubin’s Ethereum Experiment Is A Mess. How Long Will He Prop It Up?

Firm that helps people buy luxury goods with crypto records $250M transactions

A company that offers the service of converting crypto to fiat in the form of luxury goods is reported to record a staggering amount of transactions. Elizabeth White, the founder and CEO of The White Company that offers the service admitted in an interview that her company records $250 million worth of transactions during the ongoing bear market. She said that the fear of “a crypto doom” has led many crypto owners, most of which are millionaires even billionaires to turn to her company’s one-of-a-kind services, as reported by BTC Wires…………..

Source: Firm that helps people buy luxury goods with crypto records $250M transactions

This week’s bad news for exchanges has been terrible for crypto

The disastrous and seemingly unending hack which devastated New Zealand exchange Cryptopia was only the first in a series of bad news coming from various crypto exchanges the past week, with Canadian exchange QuadrigaCX ‘losing’ about $190 Million worth of crypto following the death of a founder and the subsequent loss of access to a private key, as well as the sudden and unexpected insolvency of Coinpulse……………

Source: This week’s bad news for exchanges has been terrible for crypto

$190 Million in Crypto Gone Forever, How Canada’s Biggest Exchange Lost All of It

QuadrigaCX, the largest bitcoin exchange in Canada, has lost $190 million worth of crypto after it lost access to its cold storage wallets. An affidavit filed on January 31 with the Supreme Court of Nova Scotia revealed that $190 million in Bitcoin, Bitcoin Cash, Bitcoin Cash SV, Bitcoin Gold, Litecoin, and Ethereum were lost. How Did the Bitcoin Exchange Lose All of its Crypto Funds……

Source: $190 Million in Crypto Gone Forever, How Canada’s Biggest Exchange Lost All of It

Nasdaq Is Now Working With 7 Cryptocurrency Exchanges

Cryptocurrency exchanges that want to use Nasdaq’s proprietary surveillance technology need to have more than money. A team of about 20 people contribute to an elaborate due-diligence process aimed at ensuring that any exchange that wants to use the technology, which scans for fraudulent transaction patterns, is technically capable and morally inclined to use the powerful software wisely………

Source: Nasdaq Is Now Working With 7 Cryptocurrency Exchanges

Japan’s SBI Group Invests $15 Million in Crypto Cold Storage Solution Firm, Tangem

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SBI Group, a Tokyo-based financial services firm that launched (last year) the first bank-owned digital currency exchange in Japan, has invested $15 million in Tangem, a Switzerland-based developer of “smart physical banknotes” for cryptocurrencies. As explained on Tangem’s official website, the company has designed proprietary slimline hardware wallets for digital assets – which it refers to as “smart banknotes………

Source: CryptoGlobe

Crypto Markets Show Signs of Recovery Following Severe Losses

The vast majority of cryptocurrencies are recovering after experiencing severe losses over the last several days, according to Coin360. Of the top 20 by market capitalization, only the stablecoins USD Coin (USDC) and Tether (USDT) are still in the red. The leading cryptocurrency Bitcoin (BTC) has seen an increase of nearly five percent on the day, and is trading at around $3,717 at press time. As Cointelegraph reported earlier, BTC hit a new year-to-date low today, slumping to as low as $3,544. On its weekly chart, Bitcoin’s highest price point was $4,107 on Jan. 9…………

Source: Crypto Markets Show Signs of Recovery Following Severe Losses

Japan May Approve Cryptocurrency ETFs After Saying No to Futures: Report

The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets, Bloomberg reports. According to sources who confided in Bloomberg, the financial regulator is at the moment gauging sector interest in exchange-traded funds tracking cryptocurrencies. This comes less than a month since the financial watchdog put aside plans for cryptocurrency futures. Consequently, the regulator abandoned efforts to revise Japan’s securities law, a move that would have seen the listing of cryptocurrency options and futures on major financial exchanges.

Source: Japan May Approve Cryptocurrency ETFs After Saying No to Futures: Report

Monfex – Brand New Leverage Exchange with Social Trading – NullTX

Cryptocurrency has come a long way since its inception. As the industry developed, the volatility has dropped significantly. We saw evidence of that in the second half of 2018 when the market has traded sideways for over 3 months. Specifically, there was very little volatility in September through mid November. Many traders would assume that there is little profit to be made during such a market, however nothing could be further from the truth…….

Source: Monfex – Brand New Leverage Exchange with Social Trading – NullTX