Bitcoin Depot expands footprint by 400 ATMs
Payments Dive
FEBRUARY 14, 2024
The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.
Bitcoin Related Topics 
Virginia-based bank provides Bitcoin access at ATMs
Payments Dive
FEBRUARY 15, 2021
Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency. This announcement comes as banks and regulators appear to be warming to digital assets, and as Bitcoin continues to gain value and attention.
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Bitcoin Depot CEO weighs in on new California law
Payments Dive
NOVEMBER 10, 2023
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
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Convenience chain to install bitcoin ATMs
Payments Dive
MARCH 22, 2023
Pittsburgh-based GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.
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Time to buy bitcoin?
Chris Skinner
APRIL 8, 2020
We’ve seen global stock indices drop dramatically, cryptocurrency going up and down faster than Donald Trump’s spin doctoring, and everyone feeling there’s little joy out there economically, financially or … The post Time to buy bitcoin? appeared first on Chris Skinner's blog.
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Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High
PYMNTS
NOVEMBER 24, 2020
Bitcoin continued its price climb today (Nov. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different. The platform, VC Trade Lending, will support just bitcoin initially, but has plans to add Ether and XRP support.
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Block’s Ahuja chases bitcoin users for Cash App
Payments Dive
JUNE 9, 2023
The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.
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Bitcoin Rally Here to Stay – Or Fleeting?
PYMNTS
DECEMBER 17, 2020
Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.
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Bitcoin transactions at 'Lightning' speed
Payments Dive
DECEMBER 10, 2019
A bitcoin aficionado who goes by the name "21isenough" has created a prototype for a Lightning ATM. The contraption allows you to send tiny amounts of bitcoin over the Internet via the Lightning Network, a second-layer protocol that works on top of bitcoin.
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Bitcoin Breaks Through $20,000 Mark, Hits Record Highs
PYMNTS
DECEMBER 16, 2020
Bitcoin continued its ongoing surge in price Wednesday (Dec. The price of a bitcoin traded higher by 5.6 This is the domino effect as asset managers tumble their portfolios into bitcoin,” Charles Hayter, CEO of market data provider CryptoCompare, told CNBC. percent, hitting around $20,600. What’s up looking ahead?
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Crypto Market Tops $1 Trillion As Bitcoin Smashes Records
PYMNTS
JANUARY 7, 2021
Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. Singapore time, bitcoin was up 5 percent over the day before. Some bitcoin bulls have called bitcoin “digital gold,” CNBC said, with J.P. At about 2:42 p.m.
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French Court Says Bitcoin Is Money
PYMNTS
MARCH 8, 2020
A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread.
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Bitcoin Daily: Hackers Contribute Crypto To Charities; Bitcoin Crests $12K
PYMNTS
OCTOBER 21, 2020
A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. In other news, the price of bitcoin broke through the $12,000 level on Tuesday (Oct. The price of bitcoin was $11,954.07
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Goldman Sachs compare bitcoins to tulips, and cryptofolks aren’t happy
Chris Skinner
MAY 31, 2020
Goldman Sachs just became the bad boy on the block in the bitcoin brethren by saying bitcoin has nothing behind it. Remember last week when we were all bullish for the Goldman Sachs Bitcoin call?
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The Case for a Bitcoin ETF
Chris Skinner
DECEMBER 3, 2019
I’ve noted that the bitcoin swings and roundabouts tend to often cycle around the hope and expectation of the US SEC giving approval to a bitcoin ETF … only to find that they never do and so it goes around.
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Bitcoin Daily: 20 Pct Of Bitcoin Trapped In ‘Lost’ Wallets; Goldman Says Bitcoin Is Maturing
PYMNTS
JANUARY 13, 2021
Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. “I Right now, only about 1 percent of the $600 billion invested in bitcoin is institutional, he said, CNBC reported. 11), when it fell below $31,000, just days after breaching $41,000. In other news, about 20 percent of the 18.5
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Bitcoin Daily: South Korea’s 20 Pct Crypto Tax To Start In 2023; Bitcoin Shoots Above $40K
PYMNTS
JANUARY 7, 2021
In other news, bitcoin has passed $40,000 in value, hours after reaching both $38,000 and $39,000 — and some users are now antsy about the possibility of a crash, CoinDesk reported. This follows a momentous 2020 in which the value of bitcoin rose over 300 percent, including a near-50 percent gain just in December.
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Cryptocurrency Market Tumbles; Bitcoin Falls 12 Percent
PYMNTS
JANUARY 11, 2021
The price of bitcoin kept going up and up and up for months — to a high of more than $40,000. CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. Bitcoin has still gone up in price by 300 percent in the last 12 months.
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Bitcoin Daily: Bitcoin Price Rises Above $12K For 30 Minutes; Colorado Lottery Partners With Chainlink For Contest
PYMNTS
AUGUST 3, 2020
Bitcoin had a turbulent weekend, rising to $12,112 in value just after midnight on Sunday (Aug. The high was bitcoin’s best rate since August of last year, according to Bloomberg’s estimation. Sunday, bitcoin was down 6.7 2), and then falling to $10,638 just 30 minutes later, Bloomberg reported. As of 8:48 a.m.
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Bitcoin Daily: Telegram Consents To $18.5M SEC Penalty; ‘AML Bitcoin’ Founder Charged With Money Laundering
PYMNTS
JUNE 26, 2020
The founder of the NAC Foundation was alleged to have taken in funds for tokens representing “AML bitcoin” that would eventually be changed into the purported cryptocurrency.
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SEC Chair: Flaws In Modern Payments Systems Are Boosting Bitcoin
PYMNTS
NOVEMBER 19, 2020
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.
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Bitcoin Daily: Three Crypto Firms Delist XRP; Bitcoin Hits New Record High Above $28,000
PYMNTS
DECEMBER 30, 2020
In other news, bitcoin hit a new high on Wednesday (Dec. Bitcoin is like a [crypto] 101 version. Reuters reported that bitcoin’s limited supply — specifically that the creation of new coins relies on so-called “mining” computers — has been part of the power behind its current price climb. As of 3:19 p.m.
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Bitcoin Daily: Bitcoin ATM Installations Jump By 85 Pct; Argentinian Lawmaker To Introduce Crypto Bill
PYMNTS
NOVEMBER 11, 2020
The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported.
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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000
PYMNTS
DECEMBER 27, 2020
The price of bitcoin has passed $28,000 on Sunday (Dec. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says.
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Bitcoin Daily: Nike Offers Crypto Rewards For Online Purchases; BlockFi Teams With Bitcoin Mining Pool On Lending, Financial Services
PYMNTS
JUNE 2, 2020
In other news, Poolin, a bitcoin mining pool, is growing its financial services and digital currency lending verticals, CoinDesk reported. exahashes per second of overall computing power, which comprises for approximately one-fifth of the overall bitcoin network. Miners that link up with the pool have roughly 18.3
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Bitcoin Rally Triggered By PayPal, Square Buying Spree
PYMNTS
NOVEMBER 23, 2020
PayPal and Square’s Cash App digital currency buying spree has reportedly triggered a bitcoin rally, according to a Benzinga report on Monday (Nov. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins,” Pantera Capital indicated in the report.
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Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic
PYMNTS
OCTOBER 7, 2020
With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. Jack Dorsey Likes Bitcoin, But So Do Crooks . The Dark Web Likes Bitcoin, Too . For example, the U.S.
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Bitcoin Daily: Bitcoin Drops As Investors Question Value
PYMNTS
FEBRUARY 27, 2020
Bitcoin’s decline continued Wednesday (Feb. Bitcoin fell below $9,000 Wednesday and losses were at around 9 percent total for the week. But other measures point to support still existing out there: the Bollinger Band Indicator, a measure of volatility, has bitcoin at a close point to breaching the lower limit. in New York.
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Bitcoin Daily: California Man Jailed For Defrauding Crypto Investors Of Over $20 Million; Bitcoin Falls Below $30,000
PYMNTS
JANUARY 27, 2021
In other news, bitcoin fell below $30,000 Wednesday (Jan. Eastern time, bitcoin had risen to $30,261.793. The FSCA found that MTI kept no accounting records or a thorough register of participants, although it claimed to have 260,000 members and 23,000 bitcoin — about $740 million. As of 7:34 p.m.
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Bitcoin Daily: Square's Cash App Lets Consumers Earn Bitcoin On Purchases; Nigeria Trades Second-Highest Bitcoin Volume On Paxful's Platform
PYMNTS
DECEMBER 20, 2020
Square 's Cash App has a new feature letting customers get bitcoin back with any transaction, CoinDesk reported. But bitcoin has been trending upward for the company and in general, with Square reporting $1.63 billion in bitcoin revenue from Cash App in its third quarter earnings. In other news, Nigeria is now the No.
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Goldman Takes Bitcoin To Task
PYMNTS
MAY 29, 2020
Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce.
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Bitcoin Daily: Bitcoin Sets New Record For Days Closed At Over $10K; Conaway Introduces Bill To Make Crypto A Commodity
PYMNTS
SEPTEMBER 28, 2020
27), bitcoin set a record with 63 straight days of closing above $10,000, according to CoinDesk. Coin Metrics statistics show that the 180-day returns volatility for bitcoin is down 41 percent so far in September, CoinDesk reported. Closing at $10,793 on Sunday (Sept. The cryptocurrency's previous record was between Dec.
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Burger King Now Accepts Bitcoin
PYMNTS
SEPTEMBER 17, 2019
For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem. You may recall that not all that long ago, Starbucks had been in the news, in tandem with bitcoin — i.e., we will, at some point be able to pay for our triple no-foam whip pumpkin soy latte with bitcoin. It’s been a slow start.
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Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency
PYMNTS
JANUARY 26, 2021
Bitcoin gets all the headlines. But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow.
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Bitcoin Daily: Bitcoin Tops $10K; Malaysia SC To Expand Digital Wallet Regulations
PYMNTS
JULY 26, 2020
Bitcoin surpassed $10,000 on Sunday (July 26) for the first time since June, hitting $10,200, Reuters reported. Bitcoin has been negatively impacted by the pandemic over the past few months, halving for the third time in May and slicing the rewards bitcoin miners earn, per Reuters. ruled that bitcoin is money.
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Bitcoin Daily: Nigeria Moves To Create Crypto Framework; Australia Holds Blockchain Pilot With Singapore
PYMNTS
NOVEMBER 25, 2020
As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria. On another note, a digital currency fundraising event dubbed “Bitcoin Tuesday” is set for December 1, Cointelgraph reported. The news come as the Pineapple Fund, an anonymous bitcoin group, gave away more than 5,050 bitcoin to 60 nonprofits.
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Bitcoin Triples In Value To Record High Near $24,000
PYMNTS
DECEMBER 17, 2020
Bitcoin reached an all-time high, surging 12 percent to $23,421, more than triple its value since the start of 2020, CNBC reported on Thursday (Dec. 17), Bitcoin’s gains leveled, trading over 9 percent higher at about $22,787. A BlackRock executive said bitcoin can replace gold, per CNN. The previous record was in 2017. .
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What is a Bitcoin worth?
BankUnderground
DECEMBER 14, 2021
The price of Bitcoin is currently around $57,000 (see Chart 1 ). But what is the price of Bitcoin based on? The code on which Bitcoin is based does give it scarcity value. Only 21 million Bitcoin will ever be created. That scarcity is why some people refer to Bitcoin as ‘digital gold’. Thomas Belsham.
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Bitcoin Daily: FBI Says Nigerian BEC Scam Netted Millions With Some Converted To Bitcoin
PYMNTS
JULY 13, 2020
Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.
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Bitcoin Daily: Bitcoin Rises Above $15K; Spanish Firms Reveal Blockchain-Based Digital Identity Project
PYMNTS
NOVEMBER 5, 2020
5), bitcoin followed suit, rising to over $15,000, signaling a continued confidence in the cryptocurrency. Investors have continued to accumulate bitcoin throughout the year, specifically during the March and September price crashes, according to CoinDesk, signaling long-term confidence in the digital coin. The stock hit $15,017.05
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New Cash App Feature Allows Automatic Bitcoin Purchases
PYMNTS
MAY 20, 2020
Consumers will now be able to make automatic purchases of bitcoin via Cash App, and in smaller satoshi denominations that could lead to more accessibility, CoinDesk reports. Because bitcoin is valued at around $10,000, even just one is too expensive for many retail investors. But with satoshis, there are 2.1 crypto exchange.
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Bitcoin Daily: Crypto Exchange Bitfinex Puts Up $400M Reward For Stolen Bitcoin; New US Federal Reserve Policy Could Boost Bitcoin Prices
PYMNTS
AUGUST 5, 2020
Bitfinex announced a reward for anyone who can put the cryptocurrency exchange in touch with the hackers who made a transfer of nearly 120,000 bitcoins in 2016, according to a statement. Bitcoin prices have rocketed by nearly 60 percent in 2020. The price of bitcoin was $11,204.20 as of 7:48 p.m. Eastern Time on Tuesday (Aug.
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Bitcoin Tracker: Bitcoin Black Friday
PYMNTS
NOVEMBER 11, 2016
In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. But as markets saw their prices fall, bitcoin’s numbers went up.
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