Cash of the titans, bitcoin diets and ATMs: The CoinDesk Weekly Review
Welcome to the CoinDesk Weekly Review - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Digital currency has many mysteries. Who created bitcoin? How does an umpire use it to decide who goes into bat first? And if the whole idea is to remove transaction costs and expensive intermediaries, just like real cash, who's going to make any money? But it doesn't pay to be too skeptical at the beginning of a bright new age, especially when so many entrepreneurs are....
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Libertyx has added a cash-out option to its 5,000 bitcoin ATMs. The CEO says this addition triples the number of bitcoin ATMs that allow users to cash out their bitcoin. He shares his business model with news.Bitcoin.com, providing insight into the bitcoin ATM usage trends he is seeing. 5,000 Bitcoin ATMs Now With Cash-Out Option Bitcoin ATM operator Libertyx announced Monday that 5,000 ATMs in its network now allow users to cash out their bitcoin. Besides the vast network of bitcoin ATMs (BTMs) in the U.S., Libertyx allows customers to buy bitcoin at 20,000 convenient stores, including....
KNC Titans Cloud Mining. KnCMiner posted an announcement on September 11th stating that KnC Titans would ship the week of September 14th, but KnC Titans still have yet to start shipping. Members of the KnC community are outraged at them for delaying shipments further in a market with an ever growing mining difficulty. Well, look on the bright side. At least KnC isn't planning on building a massive Scrypt farm like they did with the 3TH/s Jupiters before they shipped the used hardware to customers. KNC Titans Failed to Ship. KnC Titan customers have yet to receive a single KnC Titan. Kurt,....
Lamassu Bitcoin ATMs open source code can be modified to support Ethereum and also interact with smart contracts on Ethereum network. Automatic Teller Machines, known across the world by its abbreviation – ATMs were revolutionary machines that made banking convenient for billions of individuals across the world. ATMs made people avoid visiting their bank branch for regular cash withdrawal, deposit, check deposit and other transactions. Today ATMs are prevalent, with at least one ATM in each block. Banks are adding new features to their ATM networks, enabling people to even pay their....
KNC Titans from the first batch were scheduled to ship within Quarter 2 and Quarter 3, but October is the first month of quarter 4. Many KNC Titan customers have yet to receive their unprofitable KNC Titan units. KNC is not just violating the mandatory 14-day refund laws in their country, but they are refusing to offer refunds for products that they aren't even shipping in the promised time-frame. That has left some customers wondering if KNC has absconded with their over $10,000 payment. Also see: KnC Titans Failed to Ship Last Week Due to Firmware Issues. KNC Titans - No Refunds, No....
BTCPoint has enabled over 10,000 ATMs to sell bitcoins in Spain. The new service was done through a partnership with Hal-Cash, which allows operators to enable money transfers to any phone and have them cash out at ATMs. Banco Sabadell, Spain’s fourth largest bank, partnered with the 4 man company and gave them access to their ATMs. In addition to Banco Sabadell, the service will also be available on ATM units owned by Abanca, Banco Popular ING, Baninter, EVO, Cajamar, TargoBank and Caja Laboral. The service is a major pivot for BTCPoint, which previously manufactured two-way bitcoin ATMs.....