A crypto teller machine exchanging a number of cryptocurrencies with fiat, including bitcoin (BTC) and bitcoin cash (BCH), will be operational next week in a Sofia mall. The BATM is a two-way device that will accept euro, dollar and Bulgarian lev deposits. It will also buy cryptos and print paper wallets.   Also read: Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened Two-Way Bitcoin ATM in Sofia The new BATM will be available to residents and visitors of Sofia, the capital of Bulgaria, from Monday. The teller machine supports two-way transactions for several cryptocurrencies including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC), and monero (XMR). The cryptos can be bought with EUR, USD, and BGN, the local fiat currency. The device is installed in The Mall, one of the popular shopping centers in Sofia located on the way from the airport to the city’s center. The crypto ATM is operated by a local exchange, DG Cash, which shared the news of the launch on social media. “The exchange rates of the cryptocurrencies applied at the ATM are almost identical to the ‘We Buy’ and ‘We Sell’ rates on our website, and the commission we collect is approximately 3% of the market price as it is included in the exchange rate,” the trading platform detailed in a Facebook post. According to the announcement, the limit for a single transaction is set at 10,000 BGN (~€5,100 EUR, $6,000 USD). Users can buy any of the supported cryptos by depositing euros,…
Source: New BATM Supporting BTC, BCH Launches in Sofia

This past Wednesday, Congressman Brad Sherman (Democrat, California) started a complete firestorm online (especially Twitter) after his remarks at the Financial Services Committee where he called for a complete ban on the movement. Sherman repeated the same old arguments the cryptocurrency community has heard for a long time. He spoke… The post Does Rep. Sherman Know How Any of This Stuff Works? appeared first on CryptoCoinMastery.
Source: Does Rep. Sherman Know How Any of This Stuff Works?

So, the father of crypto has dropped a bit. At press time, bitcoin is down by roughly $100 and is now at $7,400. This is not a big deal, however, and granted bitcoin can stay above the $7,000 line, enthusiasts and traders likely have nothing to worry about. Indeed, the currency has come a long way over the past few weeks. Early this month, the coin dropped to the $5,800 mark, causing widespread panic and fear amongst most enthusiasts, and several found themselves wondering about the future of the coin. Could it regain its position on the financial ladder, or would it sink into oblivion? The currency ultimately proved itself capable of surpassing all blockades and working its way back up, jumping nearly $2,000 in price over the course of just a few weeks. Bitcoin rose back up to $6,300, followed by $6,800, and then $7,200. $7,400 and $7,500 came only a few days later. Bitcoin has obviously shown itself to be resourceful and strong in the past. It has overcome larger obstacles and has moved beyond what anyone could have potentially imagined, as it did last December when it struck $20,000. However, we cannot forget that bitcoin remains a vulnerable entity. Volatility runs rampant through this arena, and many coins run the risk of dropping without warning. Ethereum, for example, has risen to $501 in recent days, but was trading for $453 as early as yesterday afternoon. It’s unfortunate, as many continue to praise Ethereum as the truest form…
Source: Bitcoin Price Watch: Currency Now at ,400

India’s central bank told the country’s supreme court on Friday that “allowing dealings in cryptocurrencies like bitcoin would encourage illegal transactions.” Other crypto petitions being heard include one asking the government to “take emergency steps to restrain the sale and purchase of illegal cryptocurrencies.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Argument The Reserve Bank of India (RBI), the country’s central bank, appeared before the supreme court Friday to defend its position regarding cryptocurrencies. RBI issued a circular on April 6 banning financial institutions under its control from providing services to crypto companies. According to the Economic Times, the central bank told the court: Allowing dealings in cryptocurrencies like bitcoins would encourage illegal transactions and it has already issued a circular prohibiting use of these virtual currencies. RBI explained that crypto is “a stateless digital currency” that operates independently of a central bank such as itself, thereby “rendering it immune from government interference,” the news outlet noted. The Financial Express elaborated that the central bank believes “it is necessary to regulate the bitcoin and other cryptocurrencies to check illegal transactions which will impact the international flow of funds.” Senior counsel Shyam Divan, appearing for RBI, reiterated that the central bank has a particular stance and other departments may have other positions. Petitions Being Heard Petitions against the RBI crypto banking ban are not the only ones that the supreme court is hearing. The Economic Times described: Some petitions challenged the use of virtual currencies and alleged that…
Source: Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto Use

Banks have shown a keen interest in Bitcoin technology over the years. Various patents have been filed by these financial institutions to explore new potential business use cases. JPMorgan was recently awarded a patent which could allow the bank to issue blockchain-based virtual depository receipts. JPMorgan Chase and Blockchain With so many banks exploring opportunities in the world of blockchain, a lot of new use cases and products could be unlocked in the near future. Whether or not any of those potential use cases will be commercialized is a different matter altogether. There is still a lot of hype associated with blockchain technology and very little to show for most efforts as of right now. The new patent awarded to JPMorgan Chase, however, may change all of that. That’s because it allows the bank to begin issuing blockchain-based virtual depository receipts. Although it appears this will primarily pertain to banking services, there is a very real chance that this will have cryptocurrency-oriented implications as well. Similar to some other major banks, JPMorgan Chase has made its intentions clear regarding cryptocurrency. Although its CEO may not be a big fan of this particular form of money, the bank is mulling launching a cryptocurrency trading desk. No official timeline has been announced yet, as it will mainly depend on how the regulatory situation evolves. Some experts are eager to point out that the JPMorgan patent is very similar to the concept of issuing ICO tokens. While it is true that a blockchain-based…
Source: JPMorgan Chase Scores Another Bitcoin Technology Patent

The chances of Amazon ever accepting cryptocurrency payments directly are slim to none. It is evident the world’s leading e-commerce giant wants nothing to do with Bitcoin or any of the altcoins, regardless of how popular they may become. BitRefill has come up with an intermediary solution in this regard through its new Amazon voucher and gift card services. Another Step Forward for BitRefill It is evident a lot of companies can benefit from making cryptocurrency more useful and accessible. One of the biggest problems associated with this industry is that there is seemingly no convenient way to spend Bitcoin or altcoins without jumping through various hoops. It is an unfortunate state of affairs, but there is very little one can do about it at this stage. This is one of the reasons why gift card services have become so popular over the years. Consumers enjoy spending Bitcoin and altcoins on gift cards which they can then redeem for products and services. Gyft has become one of the bigger players in this area, mainly because of its vast selection of supported gift cards. It now seems BitRefill is looking to get in on the action. The company has introduced a new way for users to spend Bitcoin in exchange for Amazon gift cards and vouchers. This feature is limited to U.S. gift certificates at this stage, and it is unclear whether an international expansion is a future possibility. It is also worth noting that BitRefill’s new service does not just…
Source: BitRefill Adds Amazon Gift Cards to Its Platform

Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark. By any reckoning, that’s good going. But bitcoin’s recent show of strength belies turmoil within the crypto markets. Many altcoins aren’t just down in BTC terms: they’re dying a slow death by 1,000 red wicks. Also read: Big-Name Insurers Stepping Up Their Crypto Game Alts Are Submerged in a Bloodbath It’s been a mixed week for cryptocurrency investors. While BTC has been on fire, altcoins have been withering and dying, with lower lows, lower trade volume, and little by way of hope for their increasingly desperate bagholders. Telegram trading groups have been filled with pink wojaks and rekt memes as traditional support levels have fallen and price floors have been shattered. The weekly charts, in which gains and losses can be easily distorted by singular events, do not prevent a true picture of the state of altcoins right now. Zooming out to a monthly view provides a clearer picture. In addition to BTC, stellar and cardano – two assets shortlisted for inclusion on Coinbase – are in the green. Virtually every other asset has been subjected to deep, double-digit cuts. Bitcoin’s dominance now stands at around 45%, the highest it has been since April. Part of its resurgence can be attributed to anticipation of impending SEC approval for…
Source: Altcoins Are Dying

Cryptocurrency wallet service providers are always looking for ways to evolve and grow. MyEtherWallet is going in an interesting direction by adding the ability to buy Ethereum with a credit card. This new feature is made possible thanks to its new partnership with Simplex. Another Step Forward for MyEtherWallet There are quite a few wallet solutions for storing Ethereum and ERC20 tokens in a convenient yet secure manner. The success of MyEtherWallet has been well-documented. Its built-in support for cryptocurrency hardware wallets has certainly made life easier for a lot of people. Those users will still benefit from the convenient solutions provided by MEW when it comes to using and accessing funds. To keep users engaged, the company is headed down an interesting path. Although its core business model will not change in the slightest, it has become apparent that the MEW team is looking to offer additional functionality. Integrating support to buy Ether directly with a credit card is a great way to potentially attract even more users in the coming years. If there is one thing most consumers can get behind, it is convenient ways of buying cryptocurrency. In the case of MEW, the company is partnering with Simplex to make this process a lot easier and more straightforward. Combining an online wallet solution with ways to buy one of the most popular cryptocurrencies directly is always an interesting idea. Simplex has been around in the cryptocurrency world for some time. The company’s AI algorithm and fraud-fighting techniques…
Source: MyEtherWallet Users Can Buy Ether Directly With Their Credit Cards

A smart, consentable data exchange, Jupiter Chain allows for data exchanges to happen securely, protecting the privacy of an individual’s personal information. Additionally, data owners, especially the underserved, will have greater control over their data, be able to access tailored services and be rewarded directly for their contributions. The post Ushering in the Next Global Data Revolution with Jupiter Chain appeared first on CryptoCoinMastery.
Source: Ushering in the Next Global Data Revolution with Jupiter Chain