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Bitcoin ATM Operator Coinme To Start Selling BTC At Coinstar Counting Machines

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The Bitcoin ATM operator Coinme based in the United States reaches our blockchain news today after partnering with Coinstar to be able to sell Bitcoin at coin-counting kiosks that are owned by Coinstar according to an official press release published on January 17.

Coinme is actually the first bitcoin ATM operator to obtain a license in the US back in 2014 and was quickly able to add multiple locations around the US. The CEO of Coinme Neil Bergquist noted:

 “Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”

Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted:

Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.

“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’

According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.

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Bitcoin News

2019 Bitcoin Gains Are Now At 44% Against The US Dollar

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2019 bitcoin gains
The 2019 Bitcoin gains are a hot topic on many best cryptocurrency news sites. For many analysts, it is hard to see where Bitcoin (BTC) is right now in terms of its bullish versus bearish scenario. However, what's certain is that the most dominant cryptocurrency is 'in a good mood' lately as the market approaches a new $181 billion in total capitalization. One analyst has recently tweeted about the growth of cryptocurrencies this year, reporting the 2019 Bitcoin gains as well as the gains filtered through different categories and details such as oil and other best-performing assets. https://twitter.com/charliebilello/status/1119218063486914560 As we can see, the initial 20% rally that Bitcoin made in early April when it surged from $4,200 to $5,000 was crucial for changing the sentiment around the crypto market. Investors at the time expected that the market would correct. Instead, the 2019 Bitcoin gains got to be even higher and the market was led by BTC in another bullish scenario. Over the past few days, Bitcoin has continued to increase in terms of its value and has recently surpassed the $5,300 mark, recording a 32% increase in price within one month. The momentum of BTC had a lot to do with the growing market as well as the rise of Binance Coin (BNB) which is featured in the altcoin news - leading the market today and managed to get to the seventh spot on the most valuable cryptocurrencies on the market. Even though the latest reports featured in the latest cryptocurrency news show that the 2019 Bitcoin gains have a lot to do with institutional investors turning to crypto, it is more likely that funds that are already in the crypto market in the form of stablecoins, hedge funds and fiat on exchanges would contribute to a larger effect on the short-term performance of the market. Right now, it is easy to see that the growth of Bitcoin is definitely attributed to the entrance of Binance Chain in the blockchain space, changing the landscape of tokens so far and changing the market interest all around it. It may be too early to predict, but everyone is hoping to see more of the Bitcoin gains in 2019 in the near future.
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Altcoin News

Crypto Market Cap Surges To $180 Million, Binance Coin (BNB) Leads

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crypto market cap
In the latest cryptocurrency news, we are seeing a lot of positive movements as another weekend unfolds. Currently, the crypto market cap is back over $180 billion as it approaches the previous highs for 2019, according to data from CoinMarketCap. The big question is - are new highs on the horizon for 2019? A lot of analysts think so when seeing the total cryptocurrency market capitalization and the major cryptos surging. Obviously, the main point for the future is the $200 billion mark which needs to be established quickly - which will be the case if the positive sentiment continues. Over the past day, Bitcoin (BTC) has managed to climb 1.5% and contributed to the growth of the crypto market cap. The most dominant cryptocurrency is now closer to its highest price for the past 24 hours at $5,330 - in fact only a few dollars below that. Ethereum (ETH), on the other hand, is in the coming altcoin news and part of the growing crypto market cap for its return to $175 which is a crucial level for the coin. The ETH chart looks like a mirror of the Bitcoin momentum. Ethereum managed to gain more than 5% since last weekend but the gains have been slow going. Right now, the top ten coins are contributing to the crypto market cap with small yet important gains. The Asian trading session saw all of the top ten coins in the green, with only Binance Coin (BNB) going massive and reaching a new all-time high at $24.80 All of the signals now are that BTC will retest the 2019 high of $5,400 and many analysts sharing their thoughts on the best cryptocurrency news sites are confident that the resistance will be broken as well. Bitcoin Cash (BCH) is also up 3.5% as it climbs above $307 - however, the rest of the market made only marginal movements over the past 24 hours. The top twenty sees minimal rises which on a wider scale, ramp up and contribute to the growing crypto market cap. There are no big dumps occurring today. However, at the bottom of one hundred largest cryptocurrencies, Bitcoin Gold is perhaps one of the losers, dropping 3.5%. Right now, the total cryptocurrency market cap is $180.5 billion and is heading for the $181 billion mark.
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Analysis

Bitcoin Price Analysis: BTC Is On A “Slow And Painful” Way To $20,000

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bitcoin price analysis
In the latest cryptocurrency news, we are focusing on the Bitcoin price analysis as a main topic - especially because of one analyst who went in with a statement that BTC could be leading its way to $20,000 in a slow and painful process. As the crypto news featured on Forbes wrote, quoting Kevin Dennean as a top tech analyst at the Swiss bank UBS:
“We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are.”
He also went on to add that "crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs," saying that he believes that the current Bitcoin price analysis shows that just like other classes, BTC faces a slow and painful path to recovery. Featured on many best cryptocurrency news sites, Dennean's statement also likened the Bitcoin price "bubble" to the 1929 Dow Jones collapse, suggesting that it might take slightly more than two decades for the dominant cryptocurrency to reach its highs in the likes of $20,000.
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past,"
In his Bitcoin price analysis, Dennean said:
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past."
He also compared the rapid rise and fall of the Bitcoin price and warned the public:
"Maybe crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs."
In line with the coming altcoin news which see a lot of coins as idle, the latest Bitcoin price analysis shows that there could be a possibility for a bullish run for BTC in the future - and all of this alone gives hopes to many traders and BTC price believers.
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Altcoin News

Crypto Exchange Poloniex Starts Tether (USDT) Support

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The major crypto exchange Poloniex started offering support for Tether's stablecoin USDT on the Tron (TRX) blockchain, according to an official announcement. The latest cryptocurrency news published on April 19th showed that the US-based digital currency exchange Poloniex has added support for deposits and withdrawals of USDT within the Tron network. The official announcement said:
"To support both versions, our crypto exchange Poloniex will be converting a percentage of Tether currently on the Omni network to Tether on the TRON network. The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex. The airdrop is scheduled to begin on April 30th and more details will be provided next week."
According to the announcement which went viral in the Bitcoin and altcoin news, the development will support Tether on both chains - the USDT issued on the Omni protocol and the Tron network. The crypto exchange Poloniex also said that their decision to support the new chain is reasoned by expanded flexibility it provides to the USDT platform. In order to support the two issued versions, Poloniex will be converting a percentage of Tether which is currently on the Omni blockchain to Tether within the Tron blockchain. As Poloniex noted in the announcement:
“The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex.”
Meanwhile, Tether started issuing USDT on the Tron (TRX) blockchain on April 17th - and this development has been an upgrade from the Omni protocol-based USDT.  As the best cryptocurrency news sites reported, this would enable users to hold and transfer the cryptocurrency through smart contracts on Tron. In December 2018, the crypto exchange Poloniex launched a dedicated offering for institutional traders and joined an increasing array of operators looking to service the institutional market. Before that, Poloniex explained then that the move had been taken in order to ensure that the exchange complies with the regulatory requirements in every jurisdiction. However, this announcement did not refer directly to any specific regulations.
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