Thursday, January 23, 2020

Bitcoin ATM Firm Partners With Largest Shopping Mall Operator in US

by Adrian Zmudzinski, Coin Telegraph:

Miami-based Bitcoin (BTC) automatic teller machines (ATM) firm Bitstop has partnered with the largest shopping mall operator in the United States, Simon Malls, to install Bitcoin ATMs at several locations.

BitStop announced on Nov. 26 that the firm has already installed Bitcoin ATMs at five Simon Malls locations in California, Florida and Georgia. Bitstop co-founder and CEO Andrew Barnard said that the machines were installed ahead of the holiday season:

Trump Administration Launched Bitcoin Futures To Manipulate Price Lower: Former CFTC Chair

from Silver Doctors:

The stunning news release last week didn’t even make it to many in the mainstream media…

by Chris Marcus via Arcadia Economics

The stunning news that was released last week that didn’t make it to many of the mainstream media outlets was that according to former CFTC official Christopher Giancarlo, the Trump administration actively intervened in the Bitcoin market to drive the price lower.

Trump Administration Popped 2017 Bitcoin Bubble, Ex-CFTC Chair Says

by Brady Dale, Coindesk:

SAN FRANCISCO — The Trump administration acted to deflate the bitcoin bubble of 2017 by allowing the introduction of futures products, a former official said Monday.

Christopher Giancarlo, who left the U.S. Commodity Futures Trading Commission (CFTC) at the end of his five-year term as chairman in April, told CoinDesk in an interview:

“One of the untold stories of the past few years is that the CFTC, the Treasury, the SEC and the [National Economic Council] director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked.”

UK Real Estate Firm Accepts Bitcoin for Sale of 150-Year-Old Church


by Helen Partz, Coin Telegraph:

A 150-year-old English church is being sold for $1.5 million with the vendor accepting payment in Bitcoin (BTC).

Vendor is willing to receive payment in Bitcoin

According to a listing on Rightmove, a major British online real estate portal and property website, a vendor put an 18th-century church converted into a seven-bedroom character property up for sale and is willing to accept Bitcoin as payment.

Non-Seizability of Bitcoin Very Attractive for Hong Kong: Pompliano

by William Suberg, Coin Telegraph:

Bitcoin’s (BTC) use as a protector of wealth is coming to the fore in Hong Kong as trading volumes spike and businesses iron out problems with acceptance.

Trading record underscores Bitcoin’s “non-seizability”

As multiple commentators including Morgan Creek Digital co-founder Anthony Pompliano noted this week, Bitcoin is a genuine solution for Hong Kong residents worried about monetary sovereignty.

The Weekly Perspective with David Morgan – Bitcoin Gets Crushed! Is Our Economy Next?

by Kerry Lutz, Financial Survival Network:

David Morgan‘s weekly perspective…

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result.

You can continue to grow your wealth regardless of the changing winds of politics, the economy and the financial markets. Let me show you how…

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Venezuela Wants To Use Bitcoins For Oil Transactions

from ZeroHedge:

According to Bloomberg, the Central Bank of Venezuela is examining whether it can receive and transfer cryptocurrencies.

The bank’s investigation follows the news of state-run Petroleos de Venezuela SA (PSDV), which has been running tests to eventually transfer Bitcoin and Etherum to the central bank and have it pay its suppliers with digital currency, according to four people with direct knowledge.

Sources said the central bank has been studying plans that would allow cryptocurrencies to be recorded as international reserves, now near-record-low levels.