The exchange of cryptocurrencies for fiat money is an extremely popular service, but so far it has been developed rather poorly. Things are even worse with the purchase and sale of bitcoins right on the street, but the pace of development of such services tells us that in the near future, bitcoin ATMs will be everywhere. The number of bitcoin ATMs is growing rapidly Coin ATM Radar's analytic resource constantly monitors the number of active bitcoin ATMs . According to current data, the number of such ATMs increased by 1.900 per year. Thus, worldwide growth in annual growth was 50%.…
Author: BlockchainJournal
The world's largest cryptocurrency exchange Binance is going to add crypto-fiat trading pairs – in two weeks support for the Russian ruble will be realized. As part of his speech at the Open Innovations conference, which took place this Monday in Moscow, Changpeng Zhao, Binance CEO, noted that in about two weeks the company would begin to offer direct trading with the national currency of Russia. So, customers will have the opportunity to purchase cryptocurrencies on Binance.com using rubles. The crypto community learned about these plans earlier this year. To date, Binance has managed to open several international crypto-fiat sites,…
Bitcoin financial expert and critic Peter Schiff believes the technical picture of bitcoin looks “terrible.” A bear flag indicates a chance of falling to $ 6,000, according to his analysis. The Bitcoin chart looks horrible. Not only does the flag that followed the recent breakdown project a move to $ 6K, but we are close to completing the right shoulder of […]
A memorandum was signed in the Verkhovna Rada of Ukraine, designed to give the green light to blockchain technologies in the country. It is alleged that the legislative, executive branches of government and business for the first time were able to come to a "clear consensus." The document was concluded between the Verkhovna Rada Committee on Digital Transformation, the Ministry of Digital Transformation, the Blockchain4Ukraine inter-factional parliamentary association, the Office of Effective Regulation (BRDO), a number of specialized associations, for example, the Blockchain Ukraine Association and other market participants. As the parties to the agreement hope, the signing of the…
Bitmain, a Chinese cryptocurrency mining equipment manufacturer, is launching the world's largest cryptocurrency mining farm in Rockdale, Texas. According to reports from Bitmain, work on the farm started in 2018. Initially, the farm’s capacity will be 25 MW, in the future it is planned to increase the figure to 50 MW, and then to 300 MW, which will achieve the status of the largest and most powerful BTC mining enterprise in the world. John King, the mayor of Rockdale, is positive about the partnership with Bitmain and the company's plans. In addition, he noted that the company will be engaged…
The Oxford English Dictionary (OED), which positions itself as the "final record of the English language," has added the word "satoshi" to its database. The dictionary is published with the participation of the University of Oxford (OUP) and tracks the development of the English language over the past hundreds of years, "providing an exhaustive resource to scientists and academic researchers, as well as describing the use in many of its variations around the world." Work on the dictionary began in 1857, and although the most recent print publication (2nd edition) was published in 1989, an online version has been available…
The Federal Service for Intellectual Property (Rospatent) will summarize the results of pilot projects using blockchain technology by the end of the year, and in 2020 will fully launch them. This was stated by the head of the department Grigory Ivliev. According to RIA Novosti, at the beginning of the year, Rospatent launched several pilot blockchain projects. “By December-January there will be a clear picture of what we managed to do. Among the tasks is the creation of a system […]
Facebook, the developer of the Libra coin , is ready to launch a payment system based on several stablecoins supported by different fiat currencies. This was reported by Reuters, citing a statement by the head of the Libra project, David Marcus. In fact, Facebook seeks to create a global payment network, and several cryptocurrency projects will be able to use it, Markus emphasized during his speech at a banking seminar. He said : “We could do things differently. "We could have a series of stablecoins pegged to the dollar, euro, pound sterling, etc." If regulators are ready to accept such…
October 19, 2019 is an important date for bitcoin, when the royal coin officially overstepped the issue of 18 million, respectively, about 3 million coins remained to be obtained. Given the halving on May 14, 2020, mining the remaining BTC will take more than a hundred years. “ Bitcoin block number 600,000 has just been mined, and now there are 18 million Bitcoins (BTC) in circulation. It will take approximately 2.5 years to achieve an emission of 19 million, another 4 years will be required to reach 20 million. After that, it will take more than 100 years to reach…
Representatives of the Ethereum Name Service (ENS) announced the expansion of the line of supported digital assets, as well as integration with 15 new crypto wallets. Brantley Milligan, representative of ENS, noted that initially support for cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ethereum Classic will be implemented, and other assets, for example, Bitcoin Cash, will be gradually added in the future. Previously, the ENS service was supported by 12 wallets, now the total number has reached 24 units. Newcomers: Bitcoin.com Wallet, Atomic Wallet, Coinbase Wallet, Opera, Imtoken, Dcent, Trustwallet, Portis, Haven, Squarelink and Coin Request. Milligan also noted that the…