BitNational Acquires Bitcoin Brokerage Bitcoin Brains for $2.1 Million
BitNational has acquired Calgary-based Bitcoin Brains, a deal that will make BitNational the largest over-the-counter bitcoin brokerage and ATM network in Canada. The companies signed a 10-year, $2.1 million dollar agreement. The acquisition of Bitcoin Brains will allow BitNational to bring a variety of new ways to purchase bitcoins anywhere in Canada. "This is an important step towards our goal of building a nationwide network to give all Canadians easy, instant access to bitcoins," said BitNational co-founder Matt Haddon. BitNational operates bitcoin ATMs in three cities in western....
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Bitcoin brokerage BitNational is set to roll out the largest bitcoin brokerage and ATM network in Western Canada, as it looks to increase trust and access to Bitcoin in the region and beyond. The network, which will be launched at the 1019 17th Ave. Calgary brokerage on May, comes after the acquisition earlier this month of Bitcoin Brains, Calgary’s oldest and most established bitcoin brokerage, for US$2.1 million. The acquisition made BitNational the largest over-the-counter bitcoin brokerage and ATM network in Canada, with co-founder Matt Haddon saying at the time it was a significant....
In a Cryptocoins News exclusive interview, co-founder of BitNational, Drew Glover, discusses the success BitNational has experienced by switching to BitAccess software. BitNational operates nine bitcoin teller machines (BTMs) across western Canada and recently acquired the Canadian Bitcoin brokerage, Bitcoin Brains. They debuted their flagship BTM in North America's largest mall in February 2014 to great fanfare. However, their Robocoin BTM was plagued by technical issues and customer concerns. Last month, BitNational dumped Robocoin and switched to BitAccess software, and since then,....
Canada has long been a hotspot of Bitcoin activity, home to the world's first Bitcoin ATM and (relatively) widespread Bitcoin adoption. Several exchanges have come and gone, but current competitors for this growing market include CoinTrader, QuadrigaCX, Taurus, and now BitNational. BitNational got their start at in West Edmonton at North America's largest mall, where they debuted a Robocoin Bitcoin ATM. They eventually moved on to acquire Bitcoin Brains, Calgary's oldest and most established Bitcoin brokerage, for $2.1 million. Now they're poised to become Canada's largest network of BTMs....
According to owner and president Dave Bradley, Bitcoin Brains is perhaps the world’s first full-service, brick-and-mortar Bitcoin store in the world — certainly in Canada. The Canadian brokerage services firm and Bitcoin ATM provider BitNational acquired the store’s operations for $2.1 million. The acquisition move is immediately important to Western Canada as a whole, since it consolidates Bitcoin ATM ownership under one ambitious provider. This furthers their goal of creating a country-wide Bitcoin ATM network, and positions it as the leader in Western Canada’s Bitcoin services by....
An unconfirmed code exploit on the marketplace from TreasureDAO has allegedly caused tens of Smol Brains NFTs to be sold for zero cost. Reports emerged on Thursday of an exploit discovered on the TreasureDAO marketplace nonfungible token (NFT) trading platform that allows a user to buy items at zero cost, no matter the listing price or floor price of the collection.Security specialist for MetaMask and MyCrypo harry.eth tweeted on Thursday around 1:00 am UTC, confirming a flaw in the code on Marketplace, which allows a user to purchase NFTs for 0 MAGIC (MAGIC). At least 28 Smol Brains and....