The media this week reported a milestone of the 3,500 threshold being reached for BATMs (bitcoin ATMs) installed all over the world. One of the objectives behind BATMs is simplicity of onboarding to the realm of crypto. Currently, almost 9 BATMs are being installed each day. General Bytes and Genesis Coin make up over 50% of the installations. Most BATMs are set to offramp from government paper, fiat, and crypto. On the other hand, markets appear to be looking for 2-way alternative machines, permitting consumers to jump in and out of crypto and fiat, as those BATMs are eating up…

According to a study published on August 5, the Wall Street Journal Manipulation of cryptocurrency is carried out mainly by trading groups that are organized using services such as Telegram. After the WSJ discovered the results of the research performed on cryptocurrency markets, the WSJ mentioned that synchronized pump and dump schemes have witnessed how traders have lowered and inflated the prices in this year for various cryptocurrency. As a result, it is alleged that such groups generate hundreds of millions of dollars of income for themselves, while others suffer losses after groups massively sold a particular asset. Only in…

A Swiss investment bank and financial services firm, Union Bank of Switzerland said that the volatility and scale of Bitcoin are still too high to use the digital currency as money, CNBC reported. In a note to customers, according to UBS analyst, Yoni Tevez, until legal support gets efficient enough and technical obstacles are surpassed, Bitcoin won’t be measured as a legitimate asset class. “Bitcoin is still unstable and is limited to get transformed as an affordable payment or the main class of assets. Due to the lack of price stability, bitcoins do not meet the criteria that must be…

LedgerX, the bitcoin derivatives trading provider, claims that it witnessed a record amount of trading over the course of past 2 Months. The company (in July alone) cleared $50 Million in derivatives volume, claimed Juthica Chou, chief risk officer and president, to the media in an interview. Previously this month, the company also executed its biggest trade till date worth $15,000. Partially in response to elevated client requirement, LedgerX rolled out a new bitcoin buying system previous month. Dubbed as one-click bitcoin, the platform acts as a “one-stop store” for high net-worth or institutional customers to purchase bitcoin effortlessly via…

Sony, the Japanese technology giant, wishes to patent 2 hardware approaches for maintaining and hosting blockchains, claims the newly published papers. The two filings from Sony are entitled “Device and System” and “Electronic Node and Method for Maintaining a Distributed Ledger,” unveiling for the first time that the firm is operating on blockchain-associated hardware concepts. These concepts also arranged the stage for the firm to possibly comprise blockchain-associated devices in future goods. Earlier, as previously claimed by the media, the tech firm has filed patent applications targeted majorly around the tech’s use cases, comprising security and education data management. The…

Starbucks said it would not consider and accept Bitcoin (BTC) or other cryptocurrencies as a type of payment, despite misleading media reports, spokeswoman of told Motherboard on Friday, August 3. Earlier on Friday, the Intercontinental Stock Exchange announced, that operates the New York Stock Exchange plans to create a new global platform and ecosystem for digital assets called Bakkt with a group of some large companies, including BCG, Starbucks, and Microsoft. After a big announcement, a number of media outlets, including Bloomberg and CNBC, indexed misleading headlines. For Instance, the new alliance of Starbucks with Microsoft enables customers to pay…

VoxWeb, the Singapore-located social media company, declared its plans to roll out Vollar, its cryptocurrency. The firm claims that Vollar will allow VoxWeb to monetize via fintech-based and social-commerce solutions without any requirement to serve targeted advertisements. It also plans to resolve the primary challenges in the mass acceptance of volatility, cryptocurrencies, and liquidity via its currency policy. The firm is ready to provide its early accepters a chance to win free Vollar coins, on the basis of their employment of VoxWeb social media application. On SoFi you can trade crypto alongside the stocks, fractional shares, and ETFs that you’re…