LibertyX Adds 90 Bitcoin ATMs to Network

LibertyX has announced the addition of 90 bitcoin ATMs in Nevada and Arizona thanks to a partnership with DesertATM that added its machines to LibertyX’s growing network. The company also revealed that it now operates over 1,000 bitcoin ATMs nationwide. Through the machines, LibertyX allows customers to purchase bitcoin with cash or debit cards at…

Finance Minister: India Has No Cryptocurrency Ban

Anurag Singh Thakur, an Indian member of parliament and the country’s minister of state for finance and corporate affairs, has gone on record to state that the government has not banned crypto assets in any capacity. India’s Recent Stances on a Cryptocurrency Ban For the past several months, the crypto asset space in the Republic…

Bitcoin Magazine’s Week in Review

Bitcoin Magazine‘s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. Regulation Libra in Congress: A Chance to Define What Bitcoin Is and What Libra Isn’t This week, Facebook’s project head for Libra, David Marcus, answered concerns raised by both the U.S. House and Senate on a…

CFTC Opens Probe Into BitMEX Over U.S. Trader Accounts

The U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into whether BitMEX has allowed U.S. users to trade on its platform, Bloomberg reports. This probe is ongoing and will last a few months. The report also clarifies that CFTC investigations often don’t unearth any misconduct or illegal activities. Founded in 2014, BitMEX, which…

Libra in Congress: A Chance to Define What Bitcoin Is and What Libra Isn’t

Facebook finished up its second round of Congressional hearings yesterday, marking the end of the beginning for what some U.S. Congressional members consider the social media platform’s ill-advised venture into the monetary realm. The House of Representatives Financial Services Committee hearing, following in the footsteps of the Senate Banking Committee’s own earlier this week, went…

Official Calls Iran a ‘Heaven for Miners’

Mohammad Javad Azari Jahromi, the Iranian minister for information and communications technology, called the nation a “heaven for miners,” according to AP News. He said that Iranians have turned to crypto mining as a countermeasure against looming hyperinflation and economic collapse following economic sanctions from Washington, D.C. However, he also noted that, while Bitcoin mining…

Can Graphite Replace Google Drive and Google Docs?

Big Brother, in its governmental and corporate forms, has been watching us for many years. One of its most aggressive ongoing forms started with the USA PATRIOT Act of October 2001, which laid the foundation for an unprecedented mass surveillance apparatus which extends beyond American borders. Meanwhile, companies like Google and Facebook have built multi-billion…

Bitcoin Deemed ‘Virtual Property’ By Chinese Court

The Hangzhou Internet Court, litigating a lawsuit dating to 2013 between a cryptocurrency exchange and one of its clients, ruled this week that bitcoin is considered legal property under Chinese law. While the court ruled that the client’s lawsuit against the cryptocurrency exchange was insufficient, the court deemed bitcoin to be property under the specifics…

France Will Soon Adopt New Crypto Regulations

Autorite des Marches Financiers (AMF), France’s financial watchdog, will approve the first group of cryptocurrency firms under a new set of digital currency regulations to be adopted later in July 2019. In order to gain approval from the regulator, crypto firms must act in accordance with capital requirements and consumer protection standards, as well as…