vendredi 24 janvier 2020

Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France

Russian Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France

Alexander Vinnik, the Russian-born IT specialist who spent over two years in detention in Greece, where he was arrested on a U.S. warrant, is now in Paris. The alleged BTC-e operator, suspected of laundering at least $4 billion through the now defunct crypto exchange, has been handed over to France after the Greek judiciary turned down a plea against his extradition.

Also read: Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations

From a Greek Hospital to a French

On Thursday, law enforcement officials took Alexander Vinnik from a Greek hospital away in an unknown direction, Russian news agency RIA Novosti reported. That happened right after the Council of State, the highest administrative court in Greece, published its decision to dismiss a complaint filed by Vinnik’s lawyers against his extradition to France and the United States. Ekaterina Sakellaropoulou, the court’s presiding judge until recently, was elected the first female president of Greece.

Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France
Ekaterina Sakellaropoulou and Alexander Vinnik. Source: Zoe Konstantopoulou

The accused was taken to the airport and eventually transported to France where he is currently in the Hotel Dieu hospital in Pairs, his Greek lawyer Zoe Konstantopoulou announced on Facebook. Last night, French authorities questioned Vinnik, reportedly against his will. He is in a deteriorating condition more than 30 days since he started his latest hunger strike, she added, quoting a French colleague. Social media commenters speculated that French authorities were in a hurry to interrogate Vinnik in order to proceed with his extradition to the U.S.

Alexander Vinnik was arrested in the Greek city of Thessaloniki in July, 2017 during a family vacation. U.S. prosecutors accuse him of illegally establishing and operating the BTC-e digital asset trading platform, through which between $4 billion and $9 billion were allegedly laundered. Vinnik is also wanted in his home country for the theft of 600,000 rubles (less than $10,000) from a defrauded entity and Russia has tried to secure his extradition to Moscow.

Paris Accuses Vinnik of Cybercrime, Extortion and Money Laundering

France filed its extradition request in June 2018, claiming Vinnik was part of an organized criminal group that specialized in extortion and money laundering. According to the documents, its members broke into the emails of 5,700 victims around the world and extorted over 20,000 BTC. The arrest warrant issued by Paris cites cybercrimes, legalization of illicit proceeds, and participation in a criminal organization. Vinnik’s defense, which includes Russian lawyer Timofei Musatov, maintains that the said crimes were conducted while the accused was in jail, that the European order has long expired, and also that Vinnik has been kept in detention without charges.

Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France
Alexander Vinnik, source: RIA Novosti

The case has become a source of international tension, with Greece finding itself under pressure to extradite Vinnik to either France and the United States or the Russian Federation. There have been four separate decisions by Greek courts for the extradition of Vinnik so far – to the U.S., France, and two for Russia. Authorities in Athens have officially notified the Russian embassy about the extradition to France. On Friday, a spokesperson for the French Ministry of Foreign Affairs declined to comment on the current situation and redirected relevant requests to the Justice Ministry. Doctors at the Hotel Dieu hospital have also refrained from statements.

A French judge is expected to preside over a hearing on Tuesday, Jan. 28, which will determine the conditions of Alexander Vinnik’s further detention, his lawyer in France, Ariane Zimra, told RIA. “Depending on the state of his health, the judge may have to hold this hearing at the hospital,” Zimra added. According to Timofei Musatov, the court can impose restraint on remand in custody only if charges are brought against the Russian citizen. Otherwise he must be released, the lawyer insisted. Vinnik’s legal team plans to file international lawsuits in his defense after he spent 30 months in jail without charges.

What are your expectations about the future developments in the Vinnik case? Share your thoughts in comments section below.


Images courtesy of Shutterstock, RIA Novosti.


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Draper Goren Holm to lead the seed round for LunarCRUSH

LunarCRUSH is preparing for a seed round that is set to push its platform towards “disrupting the investing, education, and trading aspects of cryptocurrency.”

LunarCRUSH finds seed round lead

Draper Goren Holm, a venture studio focused on accelerating and incubating blockchain and crypto startups, will lead a seed round for the crypto data analytics provider LunarCRUSH. The Draper Venture Network will enable this firm to have access to a wide range of partnership and capital as well as other portfolio companies. LunarCRUSH will gain exclusive advisory and marketing outreach through the partnership.

Alon Goren, one of Draper Goren Holm’s founding partners, explained why his company decided to help LunarCRUSH reach its long-term goals.

Goren said:

“The product is strong. The team is strong. The user growth is strong. Even if we weren’t absolutely in love with this platform, it would be hard to ignore LunarCRUSH because they are made of what every seed investor dreams of.”

Along the same lines, Joe Vezzani, founder and CEO of LunarCRUSH, said to be excited about the opportunities presented through the partnership and looks forward to helping newcomers maximize their success.

Vezzani stated:

“It is an exciting time to be growing a business in the cryptocurrency space. Our platform is helping experienced and new investors discover the power cryptocurrencies can bring to their investment portfolios and their lives.”

LunarCRUSH becomes the first company since Draper Goren Holm’s fund was officially launched on Dec. 9, 2019.

The post Draper Goren Holm to lead the seed round for LunarCRUSH appeared first on CryptoSlate.

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion

Bitcoin Cash developers recently released the alpha software for Cashfusion, a privacy-preserving feature added to the Electron Cash wallet. During the last week, crypto proponents and developers have been testing the protocol regularly in order to find issues and provide the Cashfusion team with feedback. News.Bitcoin.com tested the alpha version of Cashfusion so readers can get a glimpse at how the feature works and how you can fuse transactions on your own.

Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint

Cashfusion Privacy: A New Realm of Transaction Anonymization

BCH privacy is of great importance to Bitcoin Cash proponents and the Cashshuffle platform gathered a lot of traction since its inception. Following the Cashshuffle release, developers started working on a project that would greatly improve coinjoin-based transactions making them more private. With Cashshuffle, blockchain analysis could possibly uncover clues to where shuffled funds originally derived from when users consolidate shuffled funds. The BCH supporter “Bigblockiftrue” wrote a comprehensive report on the issue with Cashshuffle when he tracked the shuffled 300 BCH donation to Bitcoin Unlimited. “To get better Cashshuffle privacy yourself, you can avoid combining inputs into a single transaction. For a long-term user-friendly solution,” Bigblockiftrue noted at the time. “We will likely need some extension of the Cashshuffle concept to allow private consolidation of multiple inputs, for example, Cashfusion,” he added.

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion

The difference between Cashfusion and traditional coinjoin schemes is how Cashfusion does not have equal amount requirements for shuffling. “Cashfusion is actually the fusion of two powerful ideas,” Cashfusion developer Jonald Fyookball stressed. “One is a contribution from myself, which is (in a nutshell): enable trustless, private, multi-input coinjoins with blame capabilities by using a commitment-based multiparty computation scheme.” Fyookball emphasized that the second part of the fusion stems from the software engineer Mark Lundeberg’s innovation.

“In Cashfusion, we have opted to abandon the equal-amount concept altogether. While this is at first glance no different than the old naive schemes, mathematical analysis shows it, in fact, becomes highly private by simply increasing the numbers of inputs and outputs,” Lundeberg underscores in the Cashfusion specifications. “For example, with hundreds of inputs and outputs, it is not just computationally impractical to iterate through all partitions, but even with infinite computing power, one would find a large number of valid partitions.”

How to Leverage Cashfusion: A Step-by-Step Guide Using the Electron Cash Wallet

Since Cashfusion’s alpha was released, a number of crypto supporters and developers have experimented with the application. In order to obtain a copy of the Cashfusion alpha release, individuals need to join the Cashfusion Telegram chat group to find the software for Windows, Linux, and Mac OS. The following is a step-by-step walkthrough for people interested in testing the Cashfusion platform and fusing their own BCH transactions.

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion
The first thing to do is install the Electron Cash wallet that supports Cashfusion and either start a new wallet and deposit some BCH or import an existing wallet with BCH in it already.

After obtaining the link to a specific copy of Electron Cash with Cashfusion support, you need to install the application which is around 40MB in size. For this specific walkthrough, we downloaded the Mac OS version of Cashfusion developed by Electron Cash programmer Calin Culianu. After the installation completes, you need to start a new wallet or use an existing Electron Cash wallet (New/Restore).

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion
Back in August 2019, I shuffled 0.0144 BCH and I decided to use Cashfusion with these shuffled funds on January 23.

If you choose to create a new wallet, you also have to deposit some BCH into the wallet in order to fuse some UTXOs. When you have the alpha version of Electron Cash running with funds deposited, the next step is to turn on the Cashfusion feature. In order to do so, simply select the “tools” window and select “optional features.” At this point, you will see the option to toggle Cashfusion on or off at any point in time.

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion
In the tools section, select optional features and make sure Cashfusion is turned on.

Once you turn Cashfusion on, at the bottom right side of the wallet window will be a green or red network circle. If the circle is red then you are not connected to the internet and may need to connect. After the wallet is online, simply double click the network circle which will reveal another network settings window. From here, you want to select the proxy settings and you will want to turn on Tor. The Cashfusion version of the Electron Cash (EC) wallet supports the Tor network which adds another element of privacy to the fused transaction. In the proxy window, select “start integrated Tor client” and make sure the Tor proxy is selected as well. After turning on Tor, the network circle at the bottom right side of the wallet should now be blue. After the Tor network is working with the wallet, shut off the Cashshuffle toggle switch in the EC client.

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion
After Cashfusion is on, you need to connect the wallet to Tor using the network circle on the bottom right side of the wallet. Double click this server if it is green and connect to the Tor proxy. You can also double click the Cashfusion logo in order to view the Cashfusion settings and make changes alongside a utility window for fusions.

Then double click the Cashfusion symbol which is located to the left of the Cashshuffle symbol. Select “Cashfusion settings” and make sure the Tor client is connected and make sure that the “SSL” setting is not selected or shut off. If you followed all of these steps and there’s a fraction of BCH stored in the EC wallet, then you are ready for the Cashfusion process.

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion
In the Cashfusion settings make sure Tor is autodetected and SSL is not checked. You do not want SSL checked while fusing. Additionally, you will want to shut Cashshuffle operations off as well, and after this is complete you can begin fusing your funds.

The wallet’s main window will show you the funds are being prepared for the fusing process and you might have to wait a while in order to fuse a transaction. While experimenting with Cashfusion it took me around an hour to fuse 0.01440652 BCH. You can select the Cashfusion settings again and watch the fusion progress by selecting the utility window called “fusions.” The utility window will tell you that you are queued in line or whether or not you are able to connect to people fusing transactions.

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion
It took me about an hour to fuse the 0.0144 BCH and the transaction finalized with 37 inputs and 79 outputs with Schnorr signed signatures. According to the block explorer, around $17 in BCH was fused during that period.

My test transaction of 0.01440652 BCH finally fused and a block explorer had shown there were 37 inputs and 79 outputs within the transaction data. Transaction signatures were also Schnorr signed and the funds fused with roughly $17.60 worth of bitcoin cash. The fused funds I had used were already shuffled using the Cashshuffle platform a few months prior. Overall, the Cashfusion feature for the EC client is fairly simple to use after following a few directions at least once. If you already have a grasp using Cashshuffle, then utilizing Cashfusion should be a breeze. The wait time for a fusion can be long, but if more people participate, then time frames between fuses should shrink. When news.Bitcoin.com first tested the Cashshuffle platform, the wait time was similar during the early testing phases. The trick is to be patient and simply let the wallet sit running in the background in order to prepare for the Cashfusion process and before you know it, you will notice that you’ve fused your first BCH transaction. For a step-by-step walkthrough that covers the Cashshuffle process, check out this article here.

What do you think about the Cashfusion protocol for the Electron Cash wallet? Let us know what you think about this subject in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned software. The software mentioned in the article above is in its alpha stage which could be buggy and have issues. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, software or services mentioned in this article. This editorial review/guide is for informational purposes only.


Image credits: Shutterstock, Fair Use, Electron Cash Wallet, Cashfusion logo, and Jamie Redman.


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Cardano Foundation new council member says communication is key to success

The Cardano Foundation’s newest council member believes that improving communication with the Cardano community is the organization’s top priority. Tamara Haasen, IOHK’s chief of staff and one of the latest members to join the foundation, said time is of the essence in this industry and that the company needs to be able to communicate its value proposition to everyone.

New faces at the Cardano foundation highlight the need for general strategy

Often criticized for its slow development, Cardano has now picked up the pace and is one of the fastest-growing and most worked on blockchain projects in the industry. With new commits being added daily and weekly updates released to everything from the Shelley Incentivized testnet to the Daedalus and Yoroi wallets, there seems to be no stopping Cardano.

Tamara Interview
Tamara in an interview with the Cardano Foundation’s communications director Bakyt Azimkanov

However, suddenly picking up the pace has left Cardano with a slight problem—making sure its development doesn’t outpace its adoption.

The Cardano Foundation, an independent entity based in the blockchain-friendly town of Zug in Switzerland, has been tasked with helping spread the word about Cardano. The foundation’s main goal is to create good infrastructure for the strong community they already have, so the ambitious blockchain project has all the resources it can to become a household name.

The foundation’s newest council member, Tamara Haasen, assumed her position in December last year. A Cardano veteran, Haasen has been IOHK’s chief of staff and HR director since 2017. Her goal as a council member, she said, will be to provide both empowerment and transparency.

In an interview with the Cardano Foundation’s communications director Bakyt Azimkanov, Haasen said that the foundation was not a “stuffy bureaucratic body” whose words come last. Instead, she explained, its goal is to bring transparency to the community. She joined the foundation’s council hoping to find a strategy that would coalesce all of the different ideas and thoughts of its members into a solid, tangible strategic plan.

The first thing on the menu for Haasen will be diving deeper into the council’s purpose.

“Defining the council is very important—what are its parameters, its remits, its responsibilities, and who should be on the council.”

First line of business—make more hires for the Cardano Foundation

While pursuing a strategy is one of Haasen’s main goals, the Toronto-native said that nothing needs to be written in stone. As a huge believer in the agile methodology, she will make sure the strategy is as flexible and as forgiving as possible, she said.

Once a strategy is set, however, then the real work begins. According to Haasen, the first line of business will be to hire more people to help the Cardano Foundation accomplish its mission. When asked about her plans to expand the team, she said that hiring more marketing and communications people is a must.

The foundation is in need of a “social media person” that can speak to different channels, she explained. With a different approach for LinkedIn, Twitter, and other social networks, Cardano needs an expert that can broadcast its message with ease.

That message, Haasen says, is that :

“Cardano is a platform for everybody.”

Another important thing she wants to accomplish is to hire people that are able to communicate Cardano’s value proposition to everyone. To do that, she said the foundation might be looking to onboard a business intelligence expert that can build up its research capacity.

Several product managers will also need to join the foundation at some point, with Haasen saying some of them might even transfer from IOHK. The foundation’s “technical side” needs to be updated as well, with either an engineer or a director of engineering being onboarded this year.

The most interesting hire, however, will fulfill the foundation’s commercial position. Haasen said that hiring someone on the “commercial side” will help the foundation come up with a strategy on how to make money in the future.

Communicating, growing, empowering

Haasen described her position at IOHK as being responsible for enabling people to be the best they can. Ensuring that there’s a solid team structure and thought cohesion at the company was also one of her priorities.

Her role at IOHK is incredibly similar to the Cardano Foundation’s role in the crypto industry.

“The foundation’s function is an enabling one,” she told Azimkanov, adding that its purpose is to secure the network and put in place a governance system and tools people can use.

That doesn’t mean that it doesn’t have its shortcomings. Haasen noted that it needs to study what other foundations do and take a page out of their book. She highlighted the importance of legislation and said that one of the foundation’s biggest goals should be to educate legislators about the industry.

Luckily, Cardano’s tightly-knit community needs little in terms of education. What they need, Haasen said, is more communication. She explained that one of the most valuable community programs they have is the Cardano ambassador program, and noted that arming them with the “right information” will be the foundation’s focus this year.

Armed with information, the Cardano ambassadors will work alongside the foundation to grow and empower its community, especially in Africa. Haasen said that the foundation’s past projects there has been a tremendous success and that she’s looking forward to doing more work in Ethiopia.

The post Cardano Foundation new council member says communication is key to success appeared first on CryptoSlate.

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review

The European Central Bank (ECB) has launched an extensive review that will examine a wide range of its policies by the end of this year. Under its new president, Christine Lagarde, the bank will try to establish why its monetary stimulus has failed to achieve the Eurozone’s goal of close to 2% inflation. Sharing few details, Lagarde indicated the ECB will go on pushing towards the threshold as the institution’s governing body kept a key interest rate below zero and pledged to continue to inject billions into Europe’s economy.

Also read: 6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail

ECB Maintains Interest Rate at Record Low -0.5%

During a Governing Council meeting on Thursday, the Eurozone’s central bank decided to keep in negative territory the benchmark deposit rate, the one banks face when leaving money at the ECB. The record low level of -0.5% was approved in September 2019 when the financial institution also announced the restart of its stimulus program.

The monthly buying of €20 billion ($22 billion) worth of bonds, which began in November, will continue indefinitely. The quantitative easing effort is an open-ended commitment to pump more money into the system which struggles to maintain inflation above 1%. The ECB started buying bonds in early 2015 and spent over €2.6 trillion in the previous program, which ended in December 2018.

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review

Although Christine Lagarde noted a “moderate increase in underlying inflation” and remarked that downside risks to the Eurozone’s economic outlook are “somewhat less pronounced,” she was quoted by Bloomberg stating that the monetary policy must remain “highly accommodative” and that governments which can afford to increase spending should be prepared to do so.

The improved economic prospects are due to the easing tensions between the United States and China, which signed a preliminary trade deal. However, the storm has not subsided for the European Union yet. On Wednesday, U.S. President Donald Trump warned during the World Economic Forum in Davos that if there’s no deal with the EU, he will have to impose “very high tariffs” on cars and other European imports.

Policymakers at the European Central Bank are determined to make sure borrowing costs for EU businesses will remain at their current levels or be lowered even further. This state of mind and status quo are likely to persist until the inflation outlook converges with the 2% goal, they say, while quantitative easing will be practiced for the foreseeable future. No one has a firm idea of how long that could possibly be.

Review to Cover Monetary Policy, Climate Change and Anything in Between

After years of monetary stimulus that saw interest rates in Eurozone countries drop to historically low levels and billions of euros printed, the ECB will now try to find out and explain why the measures didn’t work. It will attempt to do so after the policies evoked strong criticism that led to lawsuits in some Eurozone member states. In Germany, which is Europe’s economic and financial locomotive, a political initiative to curtail negative rates has been gaining traction in the past months. Its backers point out that savers are losing money due to ECB’s policy. A ban to prevent the passing of negative rates onto small savers has been proposed in the Federal Republic.

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review

The review announced by the ECB represents the first rethink of its policies since 2003. Its former president, Mario Draghi, left the post in late 2019 after an eight-year term at the helm of the important institution during which key interest rates were never raised. The bank’s new management now wants to conduct a wide-scope assessment of its policies but it hasn’t shared many details about it. At a press conference after the Governing Council meeting, Christine Lagarde stated:

We are going to review a whole host of issues. It will have to do with how we deliver, how we measure, what tools we have and how we communicate… It’s a broad exercise. My commitment was really to be able to listen to the expectations of ordinary people, to better understand the economic concerns and the imperatives and how we can deliver on them. It is going to be our task and our goal to listen.

The process will involve the central banks of all 19 Eurozone member states which, as Lagarde acknowledged, don’t always speak the same language. Besides studying the ECB’s economic and monetary policy toolkit, the assessment will focus on tackling other issues such as concerns related to financial stability in general, employment in the single currency area as well as environmental sustainability.

The Eurozone is not in perfect shape but the world’s other leading economies are experiencing similar challenges. The U.S. Federal Reserve, for example, is also conducting an appraisal of its strategy despite certain improvements due to the fiscal policy applied in the United States. The results of the Fed’s review are expected this year too. And in Japan, where inflation has hovered around and below 1% since 2015, an extremely accommodative policy hasn’t helped to significantly improve the economy.

What do you think will be the results of ECB’s policy review? Share your expectations in the comments section below.


Images courtesy of Shutterstock.


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Bitcoin bounces back above $8,500; would it continue the uptrend?

Bitcoin is back above the $8,500 barrier signaling a further advance.

Bitcoin sits at a make-or-break point

On Jan. 19, Bitcoin reached a yearly high of $9,170. The milestone served as a take profit point for many investors triggering a retracement.

Since then, the flagship cryptocurrency pulled back 10 percent to hit a low of $8,250 on Jan. 24. This price level is where the 128-four-hour moving average sits, which was able to hold BTC from a further correction. As a result, Bitcoin bounced off this price hurdle gaining over 3 percent of the value it had lost.

The recent upswing allowed Bitcoin to break above the 100-four-hour moving average, based on the 4-hour chart. A further increase in the buying pressure behind the pioneer cryptocurrency could result in a retest of the 50-four-hour moving average that sits at $8,670.

Bitcoin US dollar price chart
BTC/USD by TradingView

Nevertheless, a falling wedge appears to be developing under the same time frame. This technical formation signals a price reversal from bearish to bullish, but Bitcoin could still make a lower low before breaking out of this pattern.

Thus, BTC could retest the 128-four-hour moving average. If demand picks up around this level, then this cryptocurrency could try to retest the $9,000 resistance zone.

Bitcoin US dollar price chart
BTC/USD by TradingView

Closing below the 128-four-hour moving average, however, could signal a steeper decline to the 200-four-hour moving average. This level of support sits around $7,900.

Moving forward

According to IntoTheBlock, over 63 percent of all Bitcoin addresses hold BTC for more than a year. Meanwhile, the remaining 37 percent hold this cryptocurrency for 1 to 365 days. The massive amount of “hodlers” in the space could indicate that investors understand the economics behind the flagship cryptocurrency and are expecting higher prices in the future.

Ownership of Bitcoin by time held chart
Ownership of Bitcoin by time held. Source: IntoTheBlock

Although Bitcoin could certainly pull back from the current price levels, several technical indicators estimate that it could have entered a new bull run, from a long-term perspective. Now, it remains to be seen whether demand for BTC will increase allowing it to break the $9,000 resistance level. Such a bullish impulse could trigger a stage of FOMO (fear-of-missing-out) among investors pushing the pioneer cryptocurrency to higher highs.

The post Bitcoin bounces back above $8,500; would it continue the uptrend? appeared first on CryptoSlate.

Bitcoin of America is making it easier for beginners to get involved in cryptocurrency

Even though there has been a huge advancement in cryptocurrency, there is still a large crowd of people out there that do not know what cryptocurrency is. Bitcoin of America is a U.S. based digital currency exchange platform that provides its customers with access to many different video tutorials and explanations. As a company, they find it extremely important that their customers feel both educated and comfortable when using their services.

If you are looking to find a bitcoin atm nearby, Bitcoin of America has bitcoin ATMs located in major cities across the United States. Bitcoin of America is headquartered in Chicago, IL. They offer a fast and easy way to get involved in the cryptocurrency community. It takes less than one minute to register an account with them and start trading. Customers can choose from a variety of ways to buy and sell bitcoin.

These video tutorials have set Bitcoin of America apart from their competitors. Not only do they have videos that take you through using a bitcoin ATM step by step, but they also provide explanations to important cryptocurrency terms. Their goal in creating these videos was to create a sense of comfort for their customers. They had noticed a large audience that felt intimidated when it came to cryptocurrency and they hoped to help close that gap.

Cryptocurrency has continued to grow in popularity over the past couple of years. Bitcoin is now widely accepted in many retailers all over the United States. You can now go to a bitcoin machine in convenient locations and spend it at your favorite stores. Bitcoin of America’s bitcoin ATM’s are usually located in the places where you already shop. You can easily buy cryptocurrency, while you fill up a tank of gas! Most of their locations are open 24 hours a day, 7 days a week.

Another service that Bitcoin of America offers is their tablet service. Bitcoin of America launched their pilot program using small point of sale tablets to provide accessibility to cryptocurrency in smaller rural areas. Their tablet service has created a face-to-face purchasing experience. Bitcoin ATMs have a similar function, but do not allow you to interact with a human teller. Their tablet service enables customers to actually come in and ask any questions they may have. They even train their merchants, so they are prepared to answer questions.

The post Bitcoin of America is making it easier for beginners to get involved in cryptocurrency appeared first on CryptoSlate.