johnkimwell

As Zimbabweans Struggle For Cash, Even The Country’s Only Bitcoin ATM Has Run Dry

The Golix bitcoin ATM took on obvious importance when it was first introduced in the Zimbabwean capital Harare, early April. In a country without a currency of its own, where conventional automated teller machines (ATMs) have become useless due to a severe cash crisis, the bitcoin machine was seen as the new gateway to faster …

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50 Percent Energy Rate Hike for Crypto Miners Approved in Central Washington State

The commissioners of a public utility district in central Washington State have unanimously approved a rate hike for cryptocurrency miners. The utility serves over 46,000 customers throughout the county. The cost increase starts at 15 percent beginning next year, 35 percent the following year, and 50 percent thereafter. Also read: 160 Crypto Exchanges Seek to Enter Japanese …

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Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities

Law enforcement officials in Russia have seized 22 BATMs installed at stores and restaurants in 9 different cities. The confiscation has been carried out on orders from the Prosecutor’s Office and the Central Bank, local media reported. The operation of crypto teller machines in the country is currently unregulated.   Also read: Kiev’s Bessarabsky Market …

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Japan’s Largest Bank Experiments Using Own Crypto at Convenience Store

Mitsubishi UFJ Financial Group, one of the world’s largest financial groups, has been experimenting with using its own cryptocurrency, the Mufg coin, for payments at a convenience store for employees. This week, a local publication reported on the progress of the experiment. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Payments at Convenient Store Mitsubishi …

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Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours

On September 1, 2018, the Bitcoin Cash (BCH) network was put to the test as BCH proponents flooded the mempool with millions of transactions. According to statistics during the last 24 hours, BCH miners have processed over 2 million transactions so far. Also Read: August 2018 Volume Rankings Report: ETC and Dash Top Ten Close to …

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