Crypto On the Go: Prague Subway Gets 10 New Bitcoin ATMs

Organised as a weekly newsletter, it presents an overview of the current international blockchain debate. You may find below a selection of the best ideas from the most influential media.

Crypto On the Go: Prague Subway Gets 10 New Bitcoin ATMs GENERAL BYTES, a Prague-based bitcoin ATM manufacturer, has installed 10 new cryptocurrency ATMs throughout the Prague subway. With this latest move, commuters using the busy Prague Metro can buy and sell virtual currencies on the go. One of the busiest metros in Europe, over 1.2 million people pass through the Prague subway daily. The company published an update on its website where it provides a detailed description of the location of each ATM. The new machines were installed in Můstek, Nádraží Veleslavín, Dejvická, Florenc, Černý Most, Zličín, Pankrác, Flora, Skalka and Hlavní Nádraží. According to Coinatmradar.com, the Czech Republic now has 46 bitcoin ATMs, with 34 of these ATMs concentrated in Prague. Of the 3,138 bitcoin ATMs manufactured globally, GENERAL BYTES has now manufactured 27.63 percent, with their machines installed in every major city in the world. Their ATMs support the purchase and sale of bitcoin, litecoin, dash and monero. In conversation with Bitcoin Magazine, Martijn Wismeijer, Marketing Manager of GENERAL BYTES, described his company as "veterans in the blockchain space who have been there from the very beginning.” He pointed out that the company was “the first to introduce sending cryptos via email” as well as the creator of the first BATMOne models. Wismeijer said his company offers "seven different cryptocurrency ATM models as well as a point-of-sale (POS) called CortexPay.” These crypto ATM models are all based on a similar code base; however, he also explained that, even though the machines were similar in code base, there are some minor differences in the hardware design and a range of additional features. These features include the capacity of the acceptor, dispenser and recycler combinations as well as the acceptance of multi-currencies on a single machine. May 30, 2018 by Jimmy Aki READ FULL ARTICLE https://bitcoinmagazine.com/articles/crypto-go-prague-subway-gets-10-new-bitcoin-atms

A Slovenian Shopping Mall is Transforming Into an Actual ‘Bitcoin City   Slovenia’s largest shopping city, aptly named BTC City, is on its way to becoming the world’s first genuine “Bitcoin City.” Slovenia’s Prime Minister, Miro Cerar, recently visited to open the Beyond 4.0 international conference, and to learn more about BTC City’s strategy to become a Bitcoin City. BTC City is a giant shopping mall in Slovenia and the testing playground for Eligma, the AI-driven, and blockchain-based cognitive commerce platform are utilized by many different retailers in the shopping complex. On Cerar’s visit to BTC City, the Slovenian State Secretary Tadej Slapnik bought him a cup of coffee, paying with Bitcoin using Elipay – Eligma’s payment system. BTC City is an excellent test ground for Eligma, a controlled environment where they can slowly introduce Elipay into every store, bar, and hotel in the shopping center. “The shopping center presents a micro snapshot of global commerce because it encompasses a large number of very different establishments that present an array of challenges for Eligma on a scale, manageable in our first development phase.” More and more retailers are implementing Eligma’s Elipay into their stores, giving their customers the option to pay with Bitcoin now and shortly Bitcoin Cash and Eligma’s token. The Eligma team has big dreams for their platform – the plan is to transform BTC City into a unified online platform to simplify payment and business processes and enable the creation of a central warehouse, used by all stores. By doing so, the goal is to drastically lower retailers’ ownership costs by using their stores as showrooms and only keeping the essential items in stock. May 30, 2018 by Aliesha Duffin READ FULL ARTICLE https://cryptoslate.com/a-slovenian-shopping-mall-is-transforming-into-an-actual-bitcoin-city

China Is Warming Up To Bitcoin Again Bitcoin is an innovation China cannot say “no” to. That’s the message of a Global Times editorial, which praises the digital currency. “There’s an increasing belief that just saying no to Bitcoin won’t be the eventual solution to the cryptocurrency issue,” writes Xiao Xin, author of the editorial. “A more fundamental approach would be to embrace the new technology without putting the country’s financial system at stake.” This approach is a signal that Beijing is getting ready to tighten regulations around the digital currency, as U.S., Japan and Korea have done,rather than ban it altogether. And that could be bullish for Bitcoin prices, which have been all over in recent months. Regulating Bitcoin is certainly better than an outright ban. The Global Times’ editorial comes months after Beijing banned Initial Coin Offerings (ICOs) and cryptocurrency trading, crushing Bitcoin and other major cryptocurrencies—see table. That was just the beginning rather than the end of growing efforts by big governments around the world to turn Bitcoin back into what itonce was—an exotic currency for the tech savvy and romantic radicals. My 31, 2018 by Panos Mourdoukoutas READ FULL ARTICLE https://www.forbes.com/sites/panosmourdoukoutas/2018/05/31/china-is-warming-up-to-bitcoin-again/#697fff6c78c9

Buy bitcoin now while it's still cheap, says cryptocurrency hedge-fund owner Bitcoin may have reached its bottom this year, Dan Morehead, founder of Pantera Capital Management, told CNBC. So now is a good time to buy. "All cryptocurrencies are very cheap right now," said Morehead, who serves as CEO and co-chief investment officer of Pantera. As a whole, cryptocurrencies have declined about 65 percent from their highs this year, he said. "It's much cheaper to buy now and participate in the rally as it goes," Morehead said Thursday on "Fast Money." Bitcoin, one of the most popular cryptocurrencies, reached highs of $19,500 last December, only to dip below $6,000 in February. On Thursday evening at 5:30 p.m. ET, bitcoin was priced around $7,500. The volatile nature of all cryptocurrencies has left market watchers on edge amid looming regulatory concerns. Cryptocurrency is still a largely unregulated industry. But this might work in investors' favor, Morehead said. "Many institutions are essentially buying the rumor [of potential SECregulations] and selling the fact," he said. "Getting invested now so that in three, four, five months when the institutional, quality-regulated custodians that we're hearing about come online, they'll already have their positions." His tip for investors: Buy a currency once it breaks its 230-day moving average, wait a year and sell. "Without even thinking about it," Morehead said, "you make an average of 239 percent." May 31, 2018 by Kellie Ell READ FULL ARTICLE https://www.cnbc.com/2018/05/31/buy-bitcoin-now-while-its-still-cheap-says-cryptocurrency-investor.html

Bermuda Continues to Attract DLT Companies With Blockchain-Friendly Regulations In a press conference on April 27, Bermuda’s Premier and Minister of Finance David Burt announced a memorandum of understanding and partnership with the Binance Group. Burt described Binance as the “world’s largest cryptocurrency exchange and an international leader in digital exchange development and fintech with a market capitalization of $1.3 billion.” Bermuda, an island in the North Atlantic Ocean and a British Overseas Territory, wants to establish itself as a blockchain hub and to attract Distributed Ledger Technology (DLT) companies to its jurisdiction. Following recent examples in other jurisdictions like Switzerland’s “Crypto Valley,” Maltaand San Marino, the island is trying to attract DLT-related capital and talent. A press release issued by Bermuda’s Business Development Agency (BDA) noted that Burt, “accompanied by National Security Minister Wayne Caines, led a 20-strong delegation from Bermuda to Consensus 2018,” a three-day blockchain conference in New York City, where Bermuda’s pioneering work to regulate the global blockchain industry was praised by the conference participants. Burt highlighted Bermuda’s quick progress in becoming “a global hub for fintech enterprises and innovation” through a recent, groundbreaking legislation to govern the regulation of digital assets, and he announced a new $10 million partnership with blockchain network Shyft. “The government of Bermuda — all the way up to the [premier] himself — is showing remarkable leadership in the blockchain space,” said Don Tapscott, author and executive director of the Blockchain Research Institute, per the Consensus press release. “Bermuda is attempting to figure out an environment that enables both an innovation economy and entrepreneurship, on the one hand, and protecting the interests of consumers and investors on the other. Our institute intends to collaborate much more closely with Bermuda in the future.” May 31, 2018 by Giulio Prisco READ FULL ARTICLE https://distributed.com/news/bermuda-continues-attract-dlt-companies-blockchain-friendly-regulations

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