Number of Bitcoin ATMs Hits 4,000 Globally: Why is it Growing So Rapidly?

By CCN.com: According to a report released by ValueWalk, the number of Bitcoin ATMs worldwide has surpassed 4,000 and the market is still growing rapidly. The increase in the number of Bitcoin ATMs comes in a period during which cryptocurrency businesses are prioritizing compliance, dealing with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

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UAE, Saudi Arabia Launch Cryptocurrency Pilot for Cross-Border Payments

By CCN.com: UAE and Saudi Arabia — two countries that have the world’s second-largest combined sovereign wealth funds — have launched their pilot cryptocurrency. According to UAE’s official news agency, Emirates News Agency, the Saudi-Emirati cryptocurrency is one of the seven initiatives that will be implemented in both countries. Saudi-Emirati Cryptocurrency Restricted to Banks Only Formed in

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South Africa Establishes a Consultation Paper to Regulate and De-Anonymize Bitcoin Transactions

The South African Reserve Bank has released a consultation paper to regulate cryptocurrencies in the region. However, the government is seemingly introducing banking-like features to the crypto-markets, going against the very ethos of what Bitcoin stands for. The bank chooses to call cryptocurrencies as crypto “assets” over the former term, deeming the distinction makes it

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$5 Billion Wiped Out of Crypto: Bitcoin Below $3,500 Could Spell Trouble

By CCN.com: In the past 24 hours, the crypto market has experienced a slight decline in valuation from $224 billion to $219 billion as the Bitcoin price dropped to $3,500. Previously, traders said that a drop below the $3,500 mark could lead the price of Bitcoin to test key support levels in the low $3,000

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Why is $1 Billion Bitcoin Giant Bitfury Building a Blockchain Music Service?

By CCN.com: The Bitfury Group, an early bitcoin mining firm turned global blockchain company based out of London, has announced that it will launch an entertainment division tasked with developing an open-source music platform that runs on blockchain technology. From Mining Bitcoin to Tracking Music IP on a Blockchain Tech companies trying to make waves

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Tesla Layoffs Spur Market Blowback: Have Social Justice Warriors Started Day Trading?

By CCN.com: Yesterday, CCN published an article detailing Tesla’s increasingly confounding financial maneuvers. Reader Frederick Macarthur commented: Tesla stock and Elon Musk have one thing in common – they’re both manic depressive. It’s true. Tesla Stock Has Been Volatile in Recent Years Last year, Claudia Assis at MarketWatch even reported: Volatility surrounding Tesla Inc. is

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Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

By CCN.com: With well over 200 million users across the globe, few video games have as large a following as Fortnite. The freemium game is so popular that its developer, Epic Games, banked $3 billion in 2018. However, according to a report on the Independent, Epic Games isn’t the only entity getting rich off Fortnite.

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MimbleWimble: Is Bitcoin’s Curse Looming on The Horizon?

By CCN.com: MimbleWimble, named after a curse from the Harry Potter book series, is a protocol, much like Bitcoin’s blockchain, that contains improved privacy features derived from multiple technologies, some more established than others. Key components in MimbleWimble are: (a) Elliptic Curve Cryptography (ECC), which enables private-public key encryption – a way to prove you

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The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,

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The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,

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