Category: Cryptocurrency

Cryptocurrency

Circle K jumps into cryptocurrency by rolling out a huge Bitcoin ATM network

Photo (c) da-kuk – Getty Images

Despite what you may personally think about cryptocurrency, it continues to eek its way into our everyday lives. On Thursday, the Circle K convenience store chain announced that it has cut a deal with Bitcoin Depot to create a Bitcoin ATM network that will encompass more than 700 machines.

The company isn’t even waiting around for consumer buy-in; it has crypto ATMs installed in its stores across 30 states.

According to reports, the ATMs will work much like a regular ATM does, except for the fact that users are given instant access to bitcoins

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Cryptocurrency

Number of investors triple since 2018 as Musk helps stabilise crash

Elon Musk announces suspension of Bitcoin Tesla purchases

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The recent survey found the number of investors in the US now holding bitcoin has jumped from two percent in 2018 to six percent as of June this year. The research by the global analytics and advice firm defined “investors” as adults with $10,000 or more invested in stocks, bonds or mutual funds.

Investors under 50 more than trebled over the past three years from three percent in 2018 to 13 percent.

Those investors over 50 were much lower but still saw an increase from one percent

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Cryptocurrency

Cryptocurrency Payments Gain Momentum | PYMNTS.com

Cryptocurrencies are making headlines, fueled by big fluctuations in value and high-profile interest from celebrities who are enthusiasts. These factors — as well as the fear of missing out (FOMO) — have prompted more consumers and businesses alike to embrace cryptocurrencies, and even governments are now considering legislation and regulation for digital assets such as including bitcoin and stablecoins. Cryptocurrencies are also gaining popularity as consumers identify them as a payment method for a range of products and services, both online and at the point of sale.

PYMNTS’ research finds that two-thirds of users who held cryptocurrencies purchased them

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Cryptocurrency

Elon Musk, Jack Dorsey speak about cryptocurrency at B Word conference

The price of ethereum rose Wednesday afternoon after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word conference, an event hosted by the Crypto Council for Innovation.

Ethereum, which was already rallying on the day, touched its high of the session after Musk’s mention. It was last up more than 12% and near the highs of the day.

Musk also repeated his support for cryptocurrency in general, despite potential environmental risks, saying, “One thing you do need to watch out for with crypto, especially bitcoin, using proof of work, using energy that’s a

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Cryptocurrency

Bank of Russia asks stock exchanges not to list crypto-related firms

As global cryptocurrency companies increasingly consider going public, the Russian central bank has officially recommended local exchanges to avoid crypto-related listings.

The Bank of Russia issued an information letter on Monday, asking Russian stock exchanges to stay away from listings of foreign and local companies involved in a broad range of crypto services.

The central bank elaborated that local exchanges should not list stocks issued by companies whose business relies on crypto market prices, including digital financial assets issued outside Russia, crypto-tracking indexes, as well as crypto derivatives and crypto funds. The Bank of Russia also recommended asset managers to

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Cryptocurrency

Bitcoin Drags Other Cryptos Down In Dip

With bitcoin falling, cryptocurrency prices in general were in the red on Monday (July 19), a report from The Street says.

Bitcoin was down 2.9 percent the last time the report checked, with its price sitting at $30,768. Ethereum was at $1,825, down 4.4 percent, and Dogecoin was down 5.4 percent, sitting at 17 cents.

CryptoQuant, a crypto-analysis Twitter account, found that bitcoin’s net outflow transactions now surpassed 60,000, the first time that’s happened in a year. Deposits to exchange wallets, meanwhile, were below 20,000.

The crypto landscape has seen some shifts lately. Binance, the popular crypto exchange, has been

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