Coinstar, a 3-decade aged corporation devoted to making kiosks which became loose and altered into currency, has declared its partnership with Bitcoin ATM for cryptocurrency digital assets, Coinme. By way of this joint venture, the 27-year old kiosk installer agency aspires to leap into the cryptocurrency world by allowing citizens to alter their currency into Bitcoin.

Enlightening the joint venture, Neil Bergquist who is the co-creator of Coinme alleged:

“Bitcoin is at the present existing at your neighborhood grocery shops by Coinstar kiosks.”

Coinstar’s CEO Jim Gaherity supposed that the Bitcoin ATM, Coinme, is going to influence the supple platform of the previous in allowing the consumers with the planet’s biggest cryptocurrency in exchange of currency flawlessly. The CEO additionally quoted that the movement is going to be useful for customers to take part in a continuously developing financial system.

But, for Bitcoin dealings, coins are not possible to be utilized. Dissimilar to the usual role of Coinstar kiosks, that is known to allow the citizens to utilize extra alteration, Amazon gift cards and among others, Bitcoins can be obtained simply by money, i.e., US Dollar bills having a limitation of $2,500 mark. To operate the digital cash, the consumer is needed to put the telephone number on the kiosk and after that put the cash bills on the kiosk. Subsequent to that, the code is going to be sent to the telephone number offered for the exchange. This code can be traded in Coinme’s webpage.

In the beginning, the kiosks have been established in a few shops in California, Texas, as well as Washington. The joint venture is predicted to roll out, measuring the progression to further elements following the commencement. In the midst of more than 20,000 kiosks beneath its buckle throughout the planet, Coinstar kiosks are currently going to be prepared to trade the digital cash subsequent to the development strategies.

Initiated in the year 2014, Coinme is currently holding the name of being the opening state-authorized Bitcoin ATM business enterprise in the United States. At this time, it encompasses 20 cryptocurrency ATMs crossways Washington, Texas as well as nine additional states of the nation.

This latest characteristic arrives at a point while the business level of the cryptocurrency is in a stage of steady turn down. During press time, Bitcoin positioned itself at a marketplace limit of $64 billion, valued at USD 3,660.9, using a slip of 0.22% over the hour. On the other hand, the ninth-biggest cryptocurrency ATM functionary, Coinme’s co-developer thinks that the digital coin is additionally precious at present.

The extreme downtrend in crypto mining benefits has hit GPU (Graphics Processing Unit) makers like Taiwan-based Nvidia hard. In the fourth quarter of 2018, the firm encountered a gigantic sell-off of its shares, cost-cutting of stocks by 54% and making it the lowest performer in the S&P 500, as indicated in a recent report by CNBC.

Since the year 2016 to September 2018, Nvidia’s fairly estimated worth uniquely expanded from $14 billion to $175 billion as demand for its GPUs in AI (Artificial Intelligence) and digital currency mining gain. In May 2018, the firm detailed its benefits from crypto mining for the first time while estimating a two-thirds drop in sale deals to miners for the second quarter.

Taiwan-based Nvidia at first estimated the insignificant crypto mining related deals in the third quarter, while the quarterly report in November reported that GPU sales for blockchain-related applications had everything but now disappeared. Nvidia CEO Jensen Huang said that the organization’s close term results reflect excess channel stock post the digital money blast, which will be rectified.

The recent disappearance and downtrend in crypto-related sales have left the organization with a crypto headache as indicated by Huang. The digital money free for all drove up costs for Nvidia’s GPUs, yet once that demand vanished, costs did not diminish rapidly enough to attract customers who were eagerly waiting for the right moment to grab more pocket-friendly cards.

Along with the decline in crypto mining sales, Nvidia’s server centered platform failed to meet Wall Street desires, despite the fact that income developed by 58 percent, as per CNBC. Today, Nvidia stock is down 4.09% and closing at $129.57.

Overall Chip stocks have performed low this year. The PHLX Semiconductor Index, which tracks significant equipment makers like Nvidia and Advanced Micro Systems (AMD), is down 20.37% more than the past three months. AMD’s share cost is down 45.42% over a similar period.

The post-mining blast equipment overabundance has seen a prominent drop in costs. AMD’s famous Radeon RX580 graphics processing unit (GPU), which has been generally utilized by crypto excavators, is presently being sold for $180, down 67% from a highly normal cost around $550 in February 2018.

Diminished profitability in the present bear market has made some miners leaves the business. Some mining firms in China have been auctioning off dated equipment that has achieved its shutdown cost by the kilogram so as to relieve their losses. As indicated by native reports, incomes from mining are never again enough to cover power and other related expenses.

Malaysia made an official announcement about its plan to launch the world’s first physical blockchain bank in Labuan, Malaysia. This project will be built with the joint efforts of IBH Capital (an investment firm), CGCS (a crypto trading platform) and an investment firm Archipelago. The project will be developed aiming to bridge the gap between traditional investment and crypto investment.

Responsibilities Distribution
All these three firms will not only fund the project but also contribute with their core competencies towards the project. CGCX.io, a cryptocurrency company from Singapore, will implement all the technical aspects of Bank’s work. The organization is known for serving a wide range of exchange services of digital assets and also serves as a multifunction wallet.CGCX.io makes a daily trading volume of $10 million which can give a solid base to the project. According to the recent reports, the company has collected 32.5 million USD in an ICO.

“UNLIKE MOST EXCHANGES THAT OFFER ONLY CRYPTOCURRENCY TRADING, CGCX.IO IS SETTING ITSELF APART IN THE DISTRIBUTED LEDGER TECHNOLOGY FIELD BY PROVIDING FIVE PLATFORMS ROLLED INTO ONE TO OFFER A WIDE VARIETY OF SERVICES TO ITS CUSTOMERS,” said by Anandh Swami, the CEO of the company. He also says, “We have significant technological differences from most exchanges offered only cryptocurrency trading. A wide range of services for clients CGCX.io is provided by combining five platforms of different purpose of one”.

IBH Investment owned IBH Capital is an investment and asset management company. MD of IBH Capital, Dato’ Howard Choo said the company is a well-verse to business in a fast-paced marketplace characterized by continuous changes. He also highlighted “The more things change, the stronger our commitment is to building value for our investors by staying true to our client-focused approach; sound and sustainable investment through industry expertise and thorough analysis,” as the reason of merger.

CGCX will serve technical support to IBH Capital. Moreover, it will also build “a multifunctional blockchain-based wallet with enhanced security features, endorsing the rebranded bank, and offering up to $100 million worth of STO.”

The Malaysian Insurance firm “Archipelago will deliver security measures for the operations of Blockchain bank.”

World’s First Blockchain Bank
CGCX.io has invited interested parties to join the venture, before the launch of Blockchain bank. However, Archipelago and IBH Capital have yet not announced such invitations on their websites.

Ministry of Education in Malaysia announced in November, their plans to set up University Consortium along with the launch of its degree insurance and verification platform based on blockchain Technology.

Altcoins market has witnessed a decline in business as trade activities gravitated back to leading cryptocurrency, the Bitcoin (BTC). Typically, BTC makes for 30% of all the trade activities but as on December 14, the proportion increased to more than 37%. This even as BTC struggles to keep the prices intact amidst major sell-off pushing the coin closer to $3,300.

Emerging Tether Pairs
Another interesting trend that emerged from the trading activity was enhanced influence Tether pairs (USDT) wielded during the sell-off on Thursday, December 13. According to the CryptoCompare data, 71% of trade on Thursday happened in BTC or USDT pair which is unusually high although it later fell down to 68%.

Bitcoin’s expanding dominance
Due to their high numbers, Altcoins still enjoy market dominance with many of them getting a spike in the value on and off. However, BTC has done a good job by expanding its dominance from 32% in January to more than 54% at present. The investors parking their funds from Altcoins to BTC and then again into stablecoin signifies the expectation of a further price drop in the crypto market.

Bitcoin, Bitcoin Cash, and Bitcoin SV
BTC prices have consistently shown a downward Trend (except for some sporadic hikes) and the crypto has lost more than 80% of its valuation in the last 12 months. The investors who bought the BTC at its peak level are facing deep financial troubles with cryptocurrency heading towards its new yearly low. Even the Bitcoin SV (BSV) and Bitcoin cash (BCH), which are positioning themselves as a better alternative to blockchain, are experiencing steep losses with their value reaching the record lows against the US dollar as well as BTC. BSV sank to $80.17 while BCH slid to the value of $89.04, the devaluation that undermines their claims as a credible alternative to BTC.

Bitcoin Performance
Many experts predicted that BTC would rally in December and could possibly touch $25,000 to repeat its last year performance. Unfortunately, that didn’t happen and the panic selling that started in November had brought the BTC prices to its current value. Still, BTC is preferred choice over the other Altcoins owing to its relative liquidity.

Bitcoin is celebrating its tenth birthday celebration this year. During these ten years of its journey, Bitcoin has grown to its peak and has also seen its fall. During the last one-year Bitcoin price has drastically fallen below 80%.
But Bitcoin has shaken the world with the technology on which it was built. It made the economist rethink about its free-spirited approach. Within just ten years it has become a multibillion-dollar market from just an internet fad.

Enthusiast celebrates its birthday
Despite the fact that Bitcoin and other cryptocurrencies are facing a little market turmoil now, its enthusiasts celebrated the ten years of cryptocurrency. There is no doubt that these coins and the underlying technology have changed ways and means of doing business, and thereby, transformed the economy.
Not only are traders and startups earning benefits, but crypto exchanges are also making good profits. The biggest fiat to coin trade platform—Coinbase is predicted to produce around 1.3 billion dollar profit till the end of 2018.

Huge profit made by exchanges
Most of the crypto exchanges gained huge profits through buy and sell order, withdrawal requests.
World’s largest crypto exchange Binance announced a $200 million profit in the first quarter of 2018, putting itself ahead of Deutsche Bank which recorded a profit of $146 million in Q1.
South Korea’s top crypto exchange UPbit was seen making $100 million profit in the third quarter of 2018, just from deal and withdrawal fees. According to a market research company, the annual income of Coinbase is around 1.3 billion dollars.

Wall Street
Wall Street has also started accepting Bitcoin slowly. Investors can invest in Bitcoin as a mainstream currency.

Regulation
Since the cryptocurrency industry is not controlled by any government, so many countries and states within a country have fragmented rules to deal with this digital asset. Global regulators are still working on regulations for cryptocurrencies in an attempt to prevent money laundering and other criminal activities.
Blockchain

Bitcoin may not endure for the following ten years. But many experts are confident about the existence of its underlying technology—blockchain.
Meanwhile, many corporates are taking a shot at private blockchain solution for their business, even though most of them have nothing related to cryptocurrencies.
Over the last one year, the market of cryptocurrency has developed exponentially despite the fact that Bitcoin has been facing a fall in its value from 8 billion dollars to 3.5 billion dollars.

News website CryptoCoinsNews (CCN) recently had the chance to interview Lawry Trevor-Deutsch, Senior Vice President of Corporate Affairs at United American Corp. His Miami-based firm has filed a lawsuit against Bitmain, Roger Ver, Bitcoin.com, Jihan Wu, and Kraken Exchange.

Lawry revealed that some of the implied outlets like nChain, Calvin Ayre or Craig Wright have nothing to do with the indictment.

United Corps has two important products focused on the blockchain, which are either development or market-based. BlockNum is a fusion of blockchain and traditional telecommunication networks. BlockchainDomes helps with yielding energy and cooling efficiency to all the mining operations.

Lawry stated that after researching extensively about crypto mining, he realized how cost and energy intensive it was. Their operations in Canada helped them bring together these two aspects, to develop Blockchain Dome. It takes advantage of natural cooling; any heat generated in the geothermal exchange gets used by the greenhouses. This was one rational approach they could come up with, for all the bad publicity that mining was getting.

He affirmed that they have been servicing over 5,000 mining rigs and are looking for expansion. Many international mining firms are looking for greener approach and sustainable way for mining facilities. Their product has been receiving a lot of positivity.

Trevor- Deutsch asserted that they get directly affected by whatever happens in the market. The way Bitcoin Cash was introduced in the market has violated the rules of Bitcoin. It was a cunning way to import the votes, according to him. Bitcoin.com converted its regular Bitcoin miners to Bitcoin Cash mining through ABC chain, without any warning or confirmation. They were just interested in maintaining the stability of the hard fork chain.

He commented on the two versions of Bitcoin present in the market. They are both independent and have approximately the same value, but after adding up, they are not equivalent to current Bitcoin Cash value. This causes market losses for many small firms. Lawry is displeased that post-fork, all the democratic principles of being a distributed ledger, has dissolved and Bitcoin.com have been acting like right shenanigans.

Their entire business was affected because of mining becoming uneconomical, and even the contracted Bitcoin deals were converted. The lawsuit is still ongoing, and it would be important in determining the future of the decentralized networks and their monopoly.

Ex-JP Morgan executive and a famous Mathematics Professor Alex Gurevich told during an opinion editorial to Yahoo Finance that Bitcoin is not far from becoming digital gold. He said that rise and fall of different alternative cryptocurrencies and fork considerations is a common occurrence in the crypto market, but timely development of the crypto market proves to be beneficial for Bitcoin. He further added, “Bitcoin will not disappear everyday, it is not so far to get a permanent registration status of digital gold in the global market.”

Highlighting the value of a precious metal like gold and the incessant demand for it, Gurevich said that in earlier centuries gold had been a source of exchange and remains the same in an uncorrupted form in the market. Gold is neither the rarest metal nor the most common precious metal in the world. But it has been retained its value time to time.

He went on further by saying, “Over many centuries in the history, the middle ground that gold went held has ended up having lot of advantages in it, so as it is also quite common to be a cryptocurrency that has a huge user base all over the world. However, it is also not so common that mining might easily affect and disrupt its price.” Gifted with such distinctive advantages, metal gold has been able to overcome and stay ahead of its competitor metals. This has led to gold gaining enviable credibility and immense popularity worldwide.

Expressing his belief on a growth phenomenon, Gurevich said that while Ethereum is battling to be digital copper, Bitcoin is progressing quite well to become digital gold in the world market. This growth phenomenon will mean that while the value of Ethereum will be driven out, the demand for Bitcoin will be driven by the sole need of it being a store of liquidity value.

When questioned “Why Bitcoin is specifically the best performer, gaining the top rank in the crypto race?” Gurevich explained, “The advantage of incumbency that has favoured the bitcoin currency, and that was just similar to the gold concept did to its competitor precious metals (which may or may not have had a better possible advantages, rarity it had), similarly the king of cryptocurrencies Bitcoin is in the process of dominating the competition.”

He clarified that buying Bitcoin in 2015 was much easier as compared to the present situation. Today, it is very complicated, believes Gurevich.

“Bitcoin may or may not be a bubble,” but it is imperative to note that since its inception Bitcoin has undergone various ‘meaningful corrections.’ Noteworthy, are the ones Bitcoin survived in 2014 and 2018. The more Bitcoin ‘survives and stabilizes,’ the more it gains gold credibility.

Alex Gurevich, is however, not the only one believes that Bitcoin is on its way to become the digital gold. Even Steve Wozniak, co-founder of Apple once called Bitcoin as ‘the only pure digital gold.’ He expressed his views stating, “being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model.” Wozniak asserted that as he already owns a Bitcoin unit, his ownership is merely to make experiments on using Bitcoin as a better payment method rather than being an investor in the cryptocurrency.

Bitcoin has lost 30% of its value in the last week. Now, the digital currency has entered in an ugly new phase which is of underperformance, Its latest crash contains a pattern which could release a secret about the manipulation of the crypto exchanges.

Bitcoin’s price was volatile in the previous year. It rushed to a high peak before Christmas 2017. Now, Bitcoin’s price is scrolled down with a low hit by February.

In a brief doubtful period of September, Bitcoin’s performance fell upon cryptocurrency markets. And in September, October and November, bitcoin showed much volatility as a rock, when the crypto markets roared and wept. Every day Bitcoin traded in between US 6200 to US 6600 dollars, but now the stability made bitcoin boring.

Pegs were most popular in the last century. Some of the countries learned how to spend a lot of money to protect the currency. A nail is an Australian dollar that was pegged to the US dollar for a long time and is where the exchange rate is all set in the position of concrete.

Although many of the countries held until their currency dropped, pegs went out of fashion. When there is the peg in stability place, it can be deceptive in outward appearances. It can exist in local currencies because they have the government’s support. Those nation’s governments manipulate the value for some reasons. For this, a ‘collapsed peg’ pattern is seen. Bitcoin doesn’t have any government behind and nor they are supported.

Manipulation is well-established in crypto markets, where price manipulation bots run rampant, bitcoin is assumed of collective free will in a controlled system. It is by the anti-corrupted mathematics of cryptography. The currency collapse patterns request Bitcoin may not be so open.

Manipulation is being performed on you when you are not intended to commit manipulation. Many of the manipulators want to support the high price, but none of them know when the manipulation will stop.

Bitcoin Group SE has received a cent percent stake in Tremmel Wertpapierhandelsbank GmbH, an investment bank.

German is holding company Bitcoin Group SE. It is in Herford in Germany. It operates the country’s regulated crypto exchange. It is only regulated exchange Bitcoin Deutschland AG which is mainly referred to by its domain name called Bitcoin.de.

Bitcoin.de focuses on the trading of the securities. Upon purchasing of the banking sector, the crypto exchange is holding will in turn to get the use of the license of the Tremmel investment bank.

This banking license can allow the holding its crypto related offerings “significantly expand” and can even operate ATMs for the cryptocurrency exchanges in the country, Germany. And it can be able to issue its own currency company’s products to carry out the proprietary trading system.

Rainer Bergmann is the Tremmel’s managing director. He will be responsible for the bank and also the expansion it into the custodian bank with the company Bitcoin Group SE.

The purchase rate for the Tremmel investment bank is in the lower seven digit range in Euros. It is regarding the releasing of the press notes which is set to be finished in the half of next year (2019), only the regulatory approval is pending which is relevant to the crypto exchange.

Germany saw the foundation of the first Bitcoin currency exchange ATM at the end of October. It is set up in a Gambling hall in Munich.

GoverMedia Plus is the Canadian trading firm. It is to get EXMO which is the UK based cryptocurrency exchange. Almost both the parties agreed and had been legally signed an LOI, letter of Intent, which can publicly trade.

According to reports in local media, Dubai is now all ready for the presentation of a lately crypto exchange, the initial type of exchange in (UAE) has been greeted as a landmark growth in the growing city of Dubai cryptocurreny market, as industry, regulators, and administration endure to pursuit crypto commercial and asset.

As per a report published in The Gulf times, cryptocurrency company Crypto Bulls has collaborated with Gulf Coin Gold and Al Zarooni Group to start a new exchange, a would let it concentrate on the Dubai market.

Chairman of the Al Zarooni Foundation Suhail Al Zaroon stated that this new changes might assist UAE in gathering investors from many cryptocurrency trades and depositors. On this subject, he stated that this new landmark for getting worldwide investments chance from everywhere in the World in UAE, as all monetary technology and savers are looking forward in Cryptocurrency and Blockchain Business.

The novel cryptocurrency exchange has the support of the administration in UAE that harbors drives of converting Dubai into an anchorage for cryptocurrency and blockchain industries subsequent the paths of authorities like South Korea, Malta as well as Singapore.

The administration has before hurled its blockchain approach, which goals 50 percent of administration dealings by 2021 in regards to the blockchain.

Due to this Dubai has lately seen huge events recruited in the provision of the sector, that contains fresh regulation for the subdivision, as well as the pending launch of a government-backed cryptocurrency.

Shasha Gupta of Crypto Bulls said, on this subject, he stated that this new landmark for getting worldwide investments chance from everywhere in the World in UAE, as all monetary technology and savers are looking forward in Cryptocurrency and Blockchain Business.