Cryptos are mixed, Coinme and Coinstar partner to sell Bitcoin in coin counting kiosks
Jan 18, 2019
Top 5 Cryptocurrencies sorted by 24 hour Volume
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Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change
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Crypto Market Recap
- Cryptocurrency markets are broadly mixed as the price of Bitcoin (BTC) is trading 0.58% higher in the last 24 hours to USD$3,662.97. Binance Coin (BNB) is outpacing the broader crypto market, up 4.30% in the last 24 hours to USD$6.47. IOTA (MIOTA) and TRON (TRX) are also outperforming major coins, up 1.77% and 3.76% in the last 24 hours to USD$0.314040 and USD$0.025551, respectively. Bitcoin SV is down the most among major coins in the day’s trading, falling 1.21% in the last 24 hours to USD$76.10.
Crypto Developments in Financial Services
- Coinme, a US-based Bitcoin (BTC) ATM operator, is partnering with Coinstar to sell BTC at the latter’s coin counting kiosks, as per an official press release. “Bitcoin is now accessible at your local grocery store via Coinstar kiosks,” said Coinme CEO and co-founder Neil Bergquist, adding that, “this offering will make it even easier for consumers to participate in this dynamic new economy.” Data on industry monitoring website CoinATMRadar indicates that, among the 4,187 known BTC ATMs worldwide, 2,516 are in the United States.
- Grayscale, a digital currency investment group, announced the successful launch of its investment trust fund dedicated to Stellar Lumens (XLM) on Twitter yesterday. The latest fund by Grayscale is one of nine, “single-asset investment products,” that provide exposure to cryptocurrencies. Grayscale also offers investment products with exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Ripple (XRP), and Zcash (ZEC).
- Coinbase, a large US-based cryptocurrency exchange and wallet provider, has acquired Blockspring, a company that produces and develops tools for application programming interfaces (APIs) backed by Andreessen Horowitz. According to a blog post published earlier in the week, Blockspring will continue to act as an independent entity following the acquisition.
Crypto Regulatory Environment
- ShapeShift, a cryptocurrency exchange based in Switzerland, reported in its Compliance Transparency report that law enforcement requests it received increased by 175% in the second half of 2018. ShapeShift received 44 subpoena requests in the second half of 2018 prior to receiving just 16 in the first half of the year. Last October, the Wall Street Journal reported that USD$9mm of funds were funneled through ShapeShift, allegations the exchange promptly rebuked.
General Crypto News
- Joseph Lubin, founder of blockchain technology company ConsenSys, will serve on the board of directors of cryptocurrency startup ErisX, according to an official press release. This past December, ErisX raised USD$27.5mm in Series A funding led by notables Fidelity Investments and Nasdaq Ventures. In the press release, ErisX highlighted Lubin’s, “extensive background working in the digital asset space,” and that the ConsenSys CEO projects that, “2019 is likely to be a breakthrough year for digital assets.”
- Blockchain technology was highlighted in Big Four audit and consulting firm Deloitte’s Tech Trends 2019 report. The report reads that, “advanced networking is the unsung hero of our digital future,” while explaining blockchain technology as a large part of its future. “Today, blockchain is to trust what the web was to communication,” the report explains further, adding that blockchain technology is, “a profoundly disruptive technology that transforms not only business but the way humans transact and engage.”
*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio