Sheetz, a Pennsylvania-based convenience store, will add Bitcoin ATMs to six locations. The family-owned company announced a partnership with Coinsource on July 9, 2019, that will allow customers to buy and sell cryptocurrencies with U.S. dollars at kiosks in a handful of its stores. The bitcoin ATMs will be located in five locations in Pennsylvania…
This article was originally published by 8btc and written by Lylian Teng. Authorities in Zhenjiang, a city in east China’s Jiangsu Province, have arrested 13 men after they reportedly stole electricity worth roughly $3 million (over 20 million yuan) to mine bitcoin. The power authority of Zhenjiang noticed an unusual spike in electricity consumption and…
Crypto exchange CoinDeal has announced the renewal of its advertising agreement with the Wolverhampton Wanderers, a major English football team. The sponsorship means that CoinDeal will continue to sustain a brand presence within the mainstream sports world, a rarity for a bitcoin-focused company. CoinDeal, which operates a cryptocurrency exchange that has so far catered to…
The New York Attorney General (NYAG) has been unrelenting in its legal pursuit of Bitfinex and Tether, and after dropping another stack of court documents on the New York Supreme Court, it’s closing in. New evidence from the NYAG’s investigation shows that Bitfinex has been serving New York clients — some average Joes, some as…
This article was originally published by 8btc and written by Lylian Teng. Chinese cryptocurrency miners have made requests to the Iranian government through official channels to leverage the cryptocurrency mining operations in the country, reported Iran press PressTV. According to Mohammad Sharqi, managing director of the Iran Blockchain Association — a nonprofit community which promotes…
Charles Hoskinson’s new block explorer has made Bitcoin into a planet. Seriously. The latest project from Hoskinson’s engineering company, IOHK, dubbed Symphony 2.0, portrays Bitcoin’s mempool “as a gravitational swell,” with the entirety of the blockchain’s ledger wrapped around this core like the rings of Saturn. On these rings, blockgazers hover over a 3-D representation…
Major cryptocurrency exchange Coinbase is preparing to launch its own insurance company, according to a report from CoinDesk. The exchange is reportedly in advanced talks with insurance giant Aon to launch a captive insurance subsidiary, an insurance company solely owned by the firm being insured. Captives are maintained by firms to reduce insurance costs and…
Aware of growing public concern about money laundering and terrorist financing, the government of Canada introduced its final anti-money laundering (AML) regulations today, July 10, 2019. These rules will impact Canadian crypto businesses, including exchanges, digital platforms, custodial wallets, ICOs, utility and gaming tokens, escrow services and possibly bitcoin ATMs. The title of the new…
On July 8, 2019, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) put out a joint statement discussing broker-dealer custody of digital asset securities. These organizations aspire to address compliance issues faced by companies wishing to transact in “digital asset securities” (any kind of asset that is issued and…
Poland-based cryptocurrency exchange BitMarket has closed shop without warning, leaving customers high and dry. In a closure message that was posted on its website, the operators blame loss of liquidity as the chief reason for the shutdown. It’s still unclear how much of BitMarket’s users’ funds are trapped in the firm’s wallets. In the notice…