4,088: Global Bitcoin ATM Growth Continues

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Even as cryptocurrencies collapse, the number of Bitcoin ATM has exploded. In fact, according to Coin ATM Radar, there are now 4,088 of them around the world.  At the moment, the U.S. has the most with 70 machines installed. Austria has 17.  Canada has 16.  Argentina now has 13.  Peru and South Korea had their first cryptocurrency ATMs installed … Continue reading “4,088: Global Bitcoin ATM Growth Continues”

FUD: Fear, Uncertainty, and Doubt

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The cryptocurrency market is a fairly new concept. The market is the result of a major technological innovation of this century in the financial sector. However, the concept of fear, uncertainty and doubt is old and precedes cryptocurrency by time immemorial. Shortened as FUD, fear, uncertainty and doubt are especially rampant in the crypto market … Continue reading “FUD: Fear, Uncertainty, and Doubt”

 How Blockchain could have Prevented the Danske Bank Scandal 

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Imagine how shocking it would be for a bank to launder almost ten times the country’s GDP. That’s not all. Now, imagine if all the money came from non-residents of the Ukraine, Russia, Moldova, Azerbaijan and several other countries of the now-defunct Soviet Union. Indeed, this would make it the largest money laundering scandal of … Continue reading ” How Blockchain could have Prevented the Danske Bank Scandal “

Bank of America and Ripple (XRP) in Talks over Collaboration

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If the information reaching Bittpress is anything to go by, then Bank of America (BoA) may be collaborating with Ripple (XRP) soon. Indeed, Ripple has been multifaceted, given that the platform is not a retail services provider. No doubt, the company seeks to develop products that enhance the operations of traditional banking institutions, making them … Continue reading “Bank of America and Ripple (XRP) in Talks over Collaboration”

Cryptocurrency: Understanding the Tax Process applying to Bitcoin

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Taxing cryptocurrencies is proving to be a challenge for both authorities and taxpayers. The tax obligation and process are still a little hazy to most people in the crypto space.  Bitcoin and other cryptocurrencies gained a lot of interest for lack of any regulatory obligations. Many love the digital currencies since no government or banking … Continue reading “Cryptocurrency: Understanding the Tax Process applying to Bitcoin”

Bank of America Wins Patent for Private Key Storage

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On Tuesday, the U.S. Patent and Trademark Office awarded Bank of America its latest patent. It is for the secure, tamper-proof storage of private keys for large enterprises. The major institution has been collecting many such patents in preparation for the growth of cryptocurrency. Bank of America, the second largest bank in the U.S., holds … Continue reading “Bank of America Wins Patent for Private Key Storage”

e-Krona could reshape the Swedish cashless economy    

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In many countries around the world, cash is the predominate method of paying for goods at mom-and-pop shops. However, that is not the case in Sweden, as many merchants are gradually dumping cash payments. According to statistics, the percentage of cash circulation in the European country is just about 1%. Indeed, this percentage shows that … Continue reading “e-Krona could reshape the Swedish cashless economy    “

U.S. Sanctions: Iran Ready to Launch National Cryptocurrency

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Iran has finished developing their national cryptocurrency, which is pegged at 1:1 with the rial.  Their hope is that a digital currency could loosen the grip on their trade and provide independence from the USD. The announcement closely follows the re-institution of full U.S. sanctions on the country November 5 These sanctions specifically target 50 … Continue reading “U.S. Sanctions: Iran Ready to Launch National Cryptocurrency”

JP Morgan: Three Long-Term Winners in Blockchain

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As an investor, gaining exposure to blockchain can be a tricky. Unless, of course, you’re buying cryptocurrencies. However, there are still ways to profit from the emerging technology, as analysts at JP Morgan point out. There are few that JP Morgan says will create ‘material incremental growth opportunities’ from the technology,” notes CNBC. Blockchain as … Continue reading “JP Morgan: Three Long-Term Winners in Blockchain”

Singapore Research Group Predicts XRP Value to Grow 289%

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Picolo Research believes Ripple (XRP) could trade with a $1.75 value, a nearly 300% increase from where it currently stands. Picolo is an independent research group under the Piccolo Plus management firm from Singapore. Their report begins by reviewing Ripple’s (XRP) Q3 market data. This shows a sales increase from $17 million to nearly $98 … Continue reading “Singapore Research Group Predicts XRP Value to Grow 289%”