Cryptocurrency automatic teller machines (ATMs) have plummeted in numbers since the start of the year. Fresh reports have found that the number of functioning ATMs has been slashed by 412 units.
The news comes amid an uptake of new crypto ATM machines across the world, with nearly 1,000 new units installed each month globally from December 2020 to January 2022. However, these numbers have declined significantly due to the ongoing bear market.
In September last year, crypto cashpoints nosedived, followed by record lows in January and February. January saw a drop of 289 ATM machines and an additional fall of 123 machines last month.
Other factors such as BitAccess software are competing with crypto ATM machines. This works by reducing operating costs of physical devices and software licencing fees, saving roughly $3 million USD each year.
The news comes after numerous countries began deploying ATMs nationwide, with the United States, Canada, and Spain topping the global list. The three nations have installed 33952, 2649, and 273 machines, respectively.
Despite regulatory crackdowns on cryptocurrency platforms, authorities have also begun cracking down on ATMs operating illegally. In the United Kingdom, police have tackled ATMs operating without licencing across Leeds and Yorkshire. This has also reduced the number of operational ATMs in the country as the nation pushes for central bank digital currencies (CBDCs) and regulatory frameworks.
Labuan, Malaysia, 2nd March, 2023, Chainwire
Cerus Markets is excited to launch its Mobile Trading App Giveaway!
Announcing an upcoming release of its trading platform, Cerus Markets is excited to offer traders an opportunity to be the first to access its Mobile Trading App and take a chance to win a share of $10,000 in cash.
Cerus Markets is a regulated crypto broker offering a revolutionary way to trade digital assets. With its Mobile Trading App, traders will be able to access derivatives that allow speculation on major global Stocks, Commodities and Metals trading paired against currencies and crypto – all with zero fees and leverage up to 100:1.
To register for the Giveaway, visit cerus.app, sign up for the waitlist and download the trading app once it becomes available.
A total of three winners will be chosen at random and announced via email and social media. $5,000 is awarded to the first winner, $3,000 to the second and $2,000 to the third.
Sign up for a $10,000 Cash Giveaway at cerus.app.
About Cerus Markets
Cerus Markets Limited is a multi-asset broker authorized and regulated by the Labuan Financial Service Authority. Cerus Markets represents a new type of global brokerage providing access to cryptocurrencies, forex, stocks and commodities all from one trading platform – all without fees. Users can access from their mobile device or web browser, and never miss a trade.
Cerus Markets’ goal is to enable market access for all trading levels, therefore there are no entry fees that allow traders to place positions on multiple digital assets with as little as $50.
Learn more about Cerus Markets at cerusmarkets.com
Socials: Telegram | Twitter | Instagram
Contact
Marketing Director
Veronica Imasheva
Cerus Markets
[email protected]
The Prudential Regulatory Authority (PRA), Britain’s banking regulator, has proposed a framework for digital assets, officials revealed at a recent speech on Monday.
Vicky Saporta, Bank of England (BoE) executive director of the Prudential Policy Directorate, said in a speech the PRA would outline its advice in line with Basel III rules and legislation from the Financial Services and Markets (FSM).
Currently, Parliament is considering the bill after it faced a second reading in the House of Lords.
In a statement, Saporta said: “PRA rule making can deliver three things: harness the UK’s strengths as a global financial center, maintain trust in the UK as a place to do business and tailor regulations to UK circumstances.”
She added that her organisation would propose rules on “issuing and holding digital assets.”
The news comes as the BoE and PRA work jointly with other agencies to build a “regulatory grid” and succeed a “labyrinth” of rules and restrictions, with many originating in the European Union.
She said at the time,
“We’ve improved the way we communicate. The Bank and PRA now work with six other regulators to produce a regulatory grid setting out our plans in one place. And we are developing a new UK rulebook that will be easier to navigate than the labyrinth of regulations – many of them EU rules – we are replacing.
Explaining further, Saporta said,
“These are changes we could not have made whilst we were in the EU. They are a down-payment on our commitment to use our new powers to tailor rules and to make the UK a better place to operate a financial firm, without compromising on safety.”
Terms and Conditions
According to the document, the PRA will consult on the implementation of Basel 3.1 standards after finalisation. These will urge banks to limit exposure to cryptocurrencies to roughly 1 percent of total capital and a 1,250 percent risk premium.
She added: “I also believe that it is normally easier for internationally active firms to follow one global rulebook instead of having to meet the expense of adapting to a patchwork of local standards.”
The news comes as the United Kingdom aims to position itself as major cryptocurrency and tech hub for global markets.
The measures aim to overhaul current cryptocurrency regulations following the nation’s departure from the European Union in 2020. Lawmakers outlined new measures in a white paper in February on best practices for building its cryptocurrency regulatory framework.
Coinbase announced on Monday it would suspend trading of Binance USD (BUSD) after allegedly failing to meet listing standards.
The US crypto exchange platform’s measures will enter force on 13 March around 12:00 ET, it said.
A spokesperson tweeted at the time: “Trading will be suspended on http://Coinbase.com (Simple and Advanced Trade), Coinbase Pro, Coinbase Exchange, and Coinbase Prime. Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.”
News of the suspension dropped Binance’s native token BNB 1 percent, trading at $302.57 at the time of reporting.
The news comes after regulators from the Securities and Exchange Commission (SEC) targeted Paxos-minted BUSD tokens earlier in February. Binance also halted US banking transfers to its service amid the ongoing row with US regulators.
Paoli, United States, 1st March, 2023, Chainwire
BitCard® has announced a new relationship with Blackhawk Network (BHN), one of the world’s leaders in branded payment technology. Through this groundbreaking commercial relationship, BitCard® will offer its Bitcoin Gift Card at select U.S. retailers in BHN’s vast network of retailers and B2B channels.
This relationship marks a major milestone for both BitCard® and BHN. BitCard® is introducing one of the first Bitcoin products to BHN’s network, while BHN is increasing the visibility of BitCard® to help drive further access to Bitcoin. Additionally, this commercial relationship will diversify the offerings, allowing retailers, card rewards, airlines, loyalty companies, and many more within BHN’s network to purchase BitCards® and offer them to their customers as part of their existing merchandise, benefits, or rewards programs.
“We’re pleased to partner with BitCard®, offering its gift cards redeemable for cryptocurrency in our portfolio. This marks an exciting step for Blackhawk within the world of crypto, and we’re delighted to offer our vast network a new and innovative gift card option. We look forward to seeing the positive impact this partnership will have on our industry.” – Steve Dekker, Managing Director, Americas, Blackhawk Network
The BitCard® rollout is expected to go live in the coming days, and both companies are eager to see the beneficial effect of this offering.
BitCard®, developed by Bitcoin Solutions Inc, is dedicated to making Bitcoin and cryptocurrency easy for consumers to access. Its aim is to become the most accessible, interoperable method to purchase Bitcoin and other cryptocurrencies.
“We are excited to partner with Blackhawk. The BitCard® rollout will provide BHN partners with yet another leading gift card option, while also providing end users easy access to Bitcoin and Crypto —in some cases, for the first time,” said Ed Gieske, CEO of Bitcoin Solutions Inc.
About Blackhawk Network (BHN)
Blackhawk Network (BHN) delivers payment solutions through prepaid products, technologies, and network that connect brands and people. We collaborate with our partners to innovate, translating market trends in branded payments to increase reach, loyalty, and revenue. We reliably execute security-minded solutions worldwide. Join us as we shape the future of global branded payments. Learn more at blackhawknetwork.com.
About BitCard®
BitCard® (Bitcoin Solutions Inc), is a technology company that aims to make Bitcoin and cryptocurrency easy to purchase. BitCard® is the most accessible, interoperable method to purchase Bitcoin and other cryptocurrencies, safely and securely. The BitCard® offering also supports loyalty rewards, points, and incentive programs. We are empowering clients with access to custody, compliance, funds processing, and gift card issuance to help support new partners.
For partnership inquiries, please contact [email protected].
Contact
CEO
Edward Gieske III
Bitcoin Solutions Inc
[email protected]
1-833-424-8264
A cryptocurrency wallet with massive of Shibu Inu (SHIB) holdings has moved funds to alternate exchanges. The move could signal an impending fall in prices, should the holder sell off the tokens.
The wallet, 0xd6, has reportedly transferred over 182 billion SHIB to Gemini and Crypto.com exchanges on Monday morning, Lookonchain data revealed.
The wallet later sold roughly 200 billion of the memecoins totalling $1.67 million USD after moving them to Crypto.com. This sparked a 7 percent falling in Shibu Inu’s price.
Analysts typically track the movement of large holdings of tokens to indicate price activity. Large sell-offs of a cryptocurrency could indicate a holder flooding the market with the digital assets, indicating a major price drop in the coin’s value.
This could change if tokens are moved off custodial wallets to decentralised finance (DeFi) applications.
The news comes after reports found several wallets linked to Alameda Research reactivated in mid-February. The anonymous holder later transferred $2 million USD in FTX’s native token, FTT.
Sam Bankman-Fried, the former disgraced CEO of the bankrupt firm, transferred $684,000 USD from his wallet to offshore accounts, violating his terms of bail.
Authorities have reavealed an official from a town in Massachusetts has been charged with operating an illegal crypto mining scheme in a crawl space at a local school.
The assistant facilities director, Nadeam Nahas, 39, plead not guilty on Friday at his court hearing. Authorities have charged the suspect with fraudulent electricity use and vandalisation.
The incident took place at Cohasset High School near Boston, the state’s capital city. The illegal mining operation consumed massive levels of electricity, triggering a tip-off to police in December 2021.
Police chief William Quigley told the BBC that Cohasset High School’s director of facilities found the operation in the crawl space.
He added: “Detectives interviewed the director, who said that during a routine inspection of the school he noticed electrical wires, temporary ductwork, and numerous computers that seemed out of place.”
According to ongoing investigations, authorities found computers running the mining operation. A three-month launched along with the US Coast Guard and Department of Homeland Securities led to Nahas’ arrest. Electricity costs totalled $17,500 USD, court documents seen by the Boston Globe show.
The International Monetary Fund (IMF) has teamed up with the Bank for International Settlements (BIS) and the Financial Stability Board (FSB) to create a global cryptocurrency regulatory framework.
The three massive financial institutions announced on Friday they aimed to publish papers and recommendations to establish the framework for G20 nations.
Their announcement outlines a recent meeting with officials from central banks and G20 nations. In the document, the FSB plans to release recommendations in July on regulating global stablecoins as well as crypto assets, among others.
The paper read: “We look forward to the IMF-FSB Synthesis Paper which will support a coordinated and comprehensive policy approach to crypto-assets, by considering macroeconomic and regulatory perspectives, including the full range of risks posed by crypto assets.”
Additionally, the BIS will submit its findings on risks associated with digital assets and how to avoid them. Officials from G20 nations will also appoint a task force to evaluate cryptocurrencies further.
The news comes amid a wave of support for central bank digital currencies and crypto alternatives from global powers, including the United Kingdom, European Union, Japan, South Korea, Fiji, Tonga, and El Salvador, among others.
On Friday, global leaders held an event in Bengaluru, India to discuss global regulations for digital assets. United States treasury secretary Janet Yellen said in a statement to Reuters that it was “critical” to deploy strong regulatory frameworks.
Despite this, Yellen did not advocate bans on cryptocurrencies, adding: “We haven’t suggested outright banning of crypto activities, but it is critical to put in place a strong regulatory framework. We’re working with other governments.”
Limassol, Cyprus, 27th February, 2023, Chainwire
Crypto brokerage platform LiteFinance has introduced margin trading, allowing users to experience high leverage for a range of digital assets. LiteFinance allows traders to experience all the thrills of playing the crypto market within a responsive and user-friendly framework.
The main question for many beginners is deciding how to trade cryptocurrencies: on a crypto exchange or through a Forex broker. The ideal platform should be as accessible as possible, highly secure, and come equipped with a range of advanced trading tools. With LiteFinance, traders can open sell positions (short trades) in a couple of clicks. This allows them to immediately open a sell position and make a profit when the price drops in a downtrend. Transactions are executed immediately at the market price due to a vast network of counterparties built on ECN technologies. Users can set a take profit and the position will close in profit automatically when the market reaches the specified price level.
LiteFinance levies the lowest possible platform fees when trading cryptocurrencies. Swaps are significantly lower than those set by crypto exchanges and other brokers. Market raw spreads (the difference between the buy and sell price) are available on LiteFinance ECN accounts.
For example, for ETHBTC on an ECN account, the average spread is 0.00001 points, and the swap to buy and sell is only -0.20$. Thus, it is much easier for traders to plan long-term actions and achieve their trading goals. Furthermore, the LiteFinance platform charges the lowest transaction commissions among crypto trading providers.
When trading cryptocurrencies, LiteFinance clients can take advantage of 1:50 leverage. This means that only 2% of the transaction amount is needed as collateral to open a position. Leverage allows traders to use less of their own funds to open larger positions. In this case, the potential profit will increase significantly relative to the funds deposited into the account.
All transactions are securely protected because LiteFinance has many years of experience and a strong infrastructure that has been developed since 2005. Clients’ digital assets are stored in separate cold crypto wallets and insured.
The LiteFinance web platform has the widest selection of digital assets among brokers, with over 75 cryptocurrency pairs available. Traders can choose the most popular coins, such as Bitcoin and Ethereum, for short-term trading and make profits from daily price movements. They can also open long-term buy positions for tokens of developing crypto projects, whose cost currently does not exceed $1. LiteFinance also closely monitors the world of cryptocurrencies and regularly adds promising digital assets to the list of trading instruments.
To start trading crypto assets with LiteFinance, all that’s required is to sign up, open a trading account and deposit funds.
About LiteFinance
Since 2005, LiteFinance (ex. LiteForex) has been offering Tier 1 liquidity in the currency, commodity and stock markets to its clients via its online ECN broker. LiteFinance (ex. LiteForex) has one of the biggest investment market offerings with all major currency pairs, cross rates, oil & precious metals, stock indexes & blue chips, plus the most extensive range of cryptocurrency pairs for trading.
Contact
Jana Kane
[email protected]
Mantle Core has submitted a proposal to create a $200 million fund for an early-stage Web3 small and medium enterprise (SME).
The BitDAO governance forum revealed that the new ecosystem solution hopes to improve Mantle network adoption for global crypto users and developers.
Mantle Core uses the Ethereum layer-2 network, and BitDAO will deploy the ecosystem via a new $200 million capital injection over three years’ time.
Additional contributions will come from the BitDAO treasury, totalling $100 million USD Coin (USDC) and a further $100 million from “strategic venture partners.”
Potential investors include Dragonfly Capital, Folius Ventures, Pantera, Spartan, Selini Capital, Play Ventures Future Fund, QCP Capital, Cadenza Ventures, and Lemniscap.
Mantle’s EcoFund will prioritise pre-seed, seed, and series A round fundraisers, with participants investing with a 1:1 ratio.
Global Web3 Firms Back Crypto’s Future Devs
The announcement comes just days after execution layer Cartesi unveiled a Community Grants programme to back Web3 developers and enthusiasts. The initiatives aims to expand adoption of the Cartesi ecosystem and boost decentralised finance (DeFi) solutions worldwide.
Additionally, Binance Charity launched plans to invest in tens of thousands of scholarships for Web3 students around the world. The programme will support the global Web3 ecosystem and upskill the next generation of Web3 experts capable of creating a DeFi economy.