20 BTC ATMs were installed in Circle K Convenient stores around the United States which marks the expansion of retail crypto availability in the Western US. In the latest cryptocurrency news today, we are talking about Nevada and Arizona where Circle K Stores now host the new ATMs.
According to reports, the new bitcoin ATM machines only serve BTC with more than 10% mark-up for purchases. This new opportunity is named as the pilot program so Circle K has now more than 15,000 other locations in the plan for ATM installation. The press release also pointed out that the new 20 BTC ATMs are mainly one-directional. DigitalMint’s website shows that some of the machines will accept credit or debit cards. This company offers multiple services all including Bitcoin. In addition to providing offline Bitcoin ATMs, the company makes possible for outlets to act as bitcoin tellers which are a similar model used by LibertyX.
The stores, however, were not able to discuss further the new machines and needed to transfer the call to corporate in order to explain further. The stores were also not allowed to answer any questions to the media. Corporate also did not have an accurate answer of how much the interest for the ATMs will increase with this new machine. The increased presence of Bitcoin ATMs has played a very important role in the mass crypto adoption outside tech circles. The increased BTC demand and the demand for ATM locations shows an increased demand for exchanges putting pressure on the price. Bitcoin ATMs and FOMO can bring a massive bitcoin bull run and return to dominance. Joel Konicke, a representative for Circle K noted:
“We are very happy to add DigitalMint as a partner and we look forward to working with their team. Partnering with DigitalMint allows us to provide our customers with seamless access to bitcoin, at a very reasonable price.”
As noted in the altcoin news before, the United States has now more than 3,200 crypto ATM locations with the larger part of the country being unserved. The industry is still struggling with things like partnerships and little knowledge of crypto, but crime is involved as well. According to Coin ATM radar, the United States has more than 3,200 BTC ATMs. At this point, there is literally one bitcoin ATM for 1 million people.
Fiat Money Is Used 800 Times More Than Bitcoin To Launder Money
“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking. Many players have attempted to use cryptocurrencies to fund their malignant behavior. This is indeed a national security issue.”The results of the Messari research show the same thing that Europol already concluded in their report ‘’Why Cash Is Still King?’’ where they talk about fiat money is the number one tool used in crimes. In the reports they also describe how criminals still use fiat money in their operations rather than bitcoin and cryptocurrencies:
“Although not all use of cash is criminal, all criminals use cash at some stage in the money laundering process … While the world is looking with concern at the possible misuse of virtual currencies by criminals, this report may seem somewhat unusual in that it is not highlighting a new phenomenon or an emerging risk…money laundering schemes detected by law enforcement are still largely characterized by traditional techniques, in particular, the use of cash.”As noted in some of the best cryptocurrency sites and reports, bitcoin is still considered as stable rather than fiat money since in the last decade the FED increased the currency supply by more than 12.664% which is more than Bitcoin did.
Big BTC Price Boom Will Bring To Consolidation: Market Experts
“If BTC goes to $100, it is game over. It won’t. It’s already established itself as a store of value. Stop wasting your time with these tweets and go outside and enjoy the summer. BTC is consolidating before its next move higher.’’The crypto technical analyst Josh Rager indicated that from a technical perspective, Bitcoin has still not broken out of the $10,850 resistance level:
“Daily time frame resistance did its job & price closed under after that $400+ wick It’s always good to wait for a retest to make sure a broken resistance holds as support & this is a clear example Neutral at the moment & still in range.’’The big BTC price boom is expected to bring the price above the $11,000 level and it is expected to start a consolidation phase. The traders indicated that the $10,850 resistance level should be breached in order to confirm a bullish trend:
“10.4 met. No violent reaction, no rejection – BTC looking decent. Let’s see reaction at this next resistance. Punch and close above $10,850 and things start looking substantially bullish.’’As it was explained in the analysis in the best cryptocurrency news sites, Bitcoin was not able to reclaim the $10,850 position despite the action which led the cryptocurrency to surpass the $11,000 on July 20. As the price slumped, precious metals such as gold and silver are having the best times of their lives. However, according to Equity Armor Investments executive Brian Stutland, says that crypto assets will appeal to investors if the interest rates fall.
Bitcoin Retests The $11,000 Range Holding A Strong Low Volume
Bakkt BTC Futures Reached “Critical Mass” And Expected To Launch Soon
"We think #Bakkt could be a huge catalyst for institutional participation in the #crypto market. Here are our takeaways from the Bakkt institutional summit yesterday at the NYSE… #bitcoin #BTC #ETH," one of the tweets which went viral on many best cryptocurrency news sites reads.As per analysis from Sam Doctor of Fundstrat, institutions and other entities in attendance were not only bullish on Bakkt but the broader Bitcoin and cryptocurrency market, too. In a recent Fundstrat research note to Twitter, Doctor explained that his first-hand experience of the event slated to be the first US regulated vehicle of its sort that is physically delivered. He pointed out to the Bakkt BTC futures, saying:
“As we have written before, Bakkt tackles many of the barriers to adoption for traditional investors seeking to expand their mandate to include crypto.”He also went on to write that there “appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch,” noting that the firm's sales team is starting to ramp up discussions with everyone from brokers and market makers. The news comes hot on the heels for Bakkt BTC futures. Earlier this year, the company made a series of hire as their "Careers" page noted. One job listing called for a mobile app developer which sparked a further discussion about Bakkt's plans post-Bitcoin futures. An excerpt from Bakkt.com reads:
“Whether between consumers and merchants or peers, the ability to conduct transactions in digital assets holds promise as a these new global currencies evolve beyond a store of value or speculative assets, and as distributed ledger technology scales. Bakkt is working with leading merchants who recognize the potential of digital assets.”Earlier reports have suggested that Starbucks may be one of the users of Bakkt's eventual payments solution which is most likely to involve Bitcoin. Currently, the Bitcoin and altcoin news show stability on the market after the wide breakout.
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