Israel’s two major state financial regulators issued a joint statement today warning urging caution on “decentralized ‘virtual currencies’ (such as Bitcoin).” The statement from the Israeli Ministry of Finance and Bank of Israel (BoI) doesn’t introduce new regulation in the country, but it does serve as an indicator of current government thinking about Bitcoin and […]
The race to bring the first Bitcoin ATM to the U.S. is over. Earlier today, Enchanted Bitcoin activated their Lammasu-made Bitcoin ATM at the Imbibe cigar bar in Albuquerque, New Mexico. The news comes on the heels of yesterday’s announcement of Austin and Seattle-bound machines by rival Bitcoin ATM manufacturer Robocoin. According to a report […]
North Carolina-based company PassportParking recently announced plans to include Bitcoin as a method of payment for their parking-payment apps. The company, which currently operates in 35 states, has partnered with BitPay to test their new payment model. Customers currently use the PassportParking app, available on both iOS and Android, to pay for metered parking spots […]
Could Bitcoin actually be worth around $50,000? A story on CNN Money by Fortune‘s David Z. Morris suggests that this might not be too far off. Speaking with Susan Athey, professor of economics at the Stanford Graduate School of Business, Morris notes that Bitcoin is only a few steps away from having that valuation. Morris […]
Yesterday, Helsinki-based Bitcoin marketplace LocalBitcoins.com announced the development of their first Bitcoin ATM. The machine is set to retail for around $2,750 (€1,990), making this the least expensive such device yet announced. The ATM allows both buying and selling of Bitcoin of fiat currency from any LocalBitcoin-held wallet, and is capable of at least some […]
With new Bitcoin ATMs being announced on an almost daily basis for cities like London, Vancouver and Singapore, it was only a matter of time before the U.S. got in on the action. If Robocoin has its way, Seattle and Austin will be the first cities in the U.S. to have access to this still-experimental […]
How bad have the recent Bitcoin price drops been for the overall market? Not as bad as they would have been six months ago, according to a report from investment firm Wedbush Securities. The 16-page report, titled ‘Bitcoin: Watch the Innovation, Not the Price,’ claims that the Bitcoin market has actually shown a surprising resilience […]
Residents in London and Singapore can expect to see new Bitcoin ATMs in city cafes next month thanks to Vancouver-based “Bitcoin Store” Bitcoiniacs. The company is planning on globally expanding the model already in use at the their Waves Coffee House location, combining a small brokerage office next to a Bitcoin ATM. According to an […]
South Korean Bitcoin exchange Coinplug has released three new Android apps to help spur adoption of the cryptocurrency in the country. Coinplug’s trio are familiar tools for the Bitcoin faithful: a wallet, a trading app and a self-contained point of sale (POS) system for merchants. These appear to be the first Bitcoin apps created specifically […]
In August of 2013, the Bank of Thailand released a strongly worded letter explaining that Bitcoin was an “illegal” form of currency in the country. Even though Thailand’s central bank lacked the authority to actually make trading in Bitcoin a crime, the disapproval was strong enough that public trading in Bitcoin was effectively halted in […]