Accor ding to a press release, Bitcoin Depot’s machine count has increased more than three times in the last six months. This expansion was driven by a desire for Bitcoin from many communities across North America, particularly the unbanked. Bitcoin ATMs allow physical transactions with cash, without the need for a bank account –. However, they can also be
This decline in cryptocurrency’s value occurs at a time when institutional interests in the industry have risen. Some investment banks have increased their estimates for cryptocurrency in the next months. As investors seek to protect themselves from risk, analysts expect more volatility this week. According to CoinShares data, crypto funds and investment products saw inflows
The government is a parasite pretending to be our friend. The government wants us to believe that they are in our best interests while enriching themselves, their cronies, and ourselves. Governments exist to support themselves. They don’t shrink; they only get bigger. This is true for both democracies and dictatorships. Unstated goals are for the 1% and 99% to
The US government issued a series of stimulus checks as a response to economic difficulties caused by the coronavirus pandemic. These payments were not available to everyone, but the majority of Americans qualified for them. This included many young Americans. A survey revealed that many of these youngsters had invested their stimulus checks into crypto assets, such
Finder’s Cryptocurrency Ownership Report published on August 13, 2021, has some interesting findings after the researchers polled over 42K people. The survey covered 27 countries and measures crypto asset ownership. According to the Finder poll, men are more likely than women to own a digital asset. James Edwards, Finder’s writer, explained that the gender gap in ownership is approximately
Umbrel, a bitcoin software node provider, has released a new version to its app in order to expand beyond bitcoin and other blockchain services. Umbrel’s App Store Version 4 has 10 new apps. These apps provide a variety of services such as blocking ads, storing passwords and streaming torrents. Umbrel is a commonly used software
A press release was sent to Bitcoin Magazine. It states that U.S. Compass mining clients can now mine Bitcoin directly into a Choice Individual retirement account without triggering any taxable events. According to current tax laws, income from Bitcoin mining can be taxed like income. When they have to sell bitcoins to pay other taxes, miners are
EWN reports that the South Africa Reserve Bank (SARB), has warned South Africans who are found with such banknotes they could be subject to criminal investigation. This warning comes after what the SARB called an “increase in circulation of dye-stained banknotes in KwaZulu-Natal, and Gauteng.” South Africa was in chaos immediately after Jacob Zuma’s arrest. His supporters violently
Greenidge, which is based in Rochester, New York, announced Wednesday that it has partnered up with Foundry, a company providing capital and intelligence to North American crypto mining companies. Greenidge will join the Foundry USA mining pool, which currently holds the fifth-largest global hashrate. Foundry USA currently commands 10.46% Bitcoin’s global havehrate, or 10.23 Exahash per Second
Scammers sold fake cryptocurrency apps to more than 93K people through the Google Play Store. These numbers are based on the report of Lookout, a security company based in California. The report states that the apps act as a frontend to cloud mining platforms. These apps are designed to trick users into believing they are mining cryptocurrency. The apps actually
