Tagged: coinflip

CoinFlip: “FinCEN’s proposed rulemaking would impose arbitrary and unnecessary burdens on virtual currency businesses”

FinCEN, part of the US Department of Treasury, is in the process of creating rules that will impact the digital asset ecosystem. FinCEN is seeking to address the illicit activity in the “convertible virtual currency” (CVC) sector and the “anticipated growth” of “legal tender digital… Read More

Daniel Polotsky: CEO at CoinFlip Says Company Plans to have Over 3,000 Bitcoin ATMs in the US by 2021

We recently connected with Daniel Polotsky, CEO at CoinFlip, a leading Bitcoin ATM operator in the US. Polotsky talked about how his company has grown since it was launched back in 2014. He also discussed CoinFlip‘s plans for next year while explaning how the company… Read More

BitMEX Installs Blockstream’s Bitcoin (BTC) Satellite System, As Number of Cryptocurrency ATMs to Pass 10,000 Globally

The research division at the Bitcoin Mercantile Exchange (BitMEX) confirms that they’ve installed the Blockstream Bitcoin Satellite system, which offers a way to download and verify Bitcoin’s (BTC) blockchain through satellite, without requiring an Internet connection. The BitMEX team said they were able to set up… Read More

California Takes Step Towards Regulating Digital Assets with AB 2150, CoinFlip COO Comments on Legislation

California has been kicking around possible legislation regarding the regulation of digital assets for some time now. Recently, Crowdfund Insider reported on updates to pending crypto legislation (AB 2150) as the objectives of the bill had been dramatically scaled down. The bill has been sponsored… Read More

Bitcoin Adoption: Nearly 8,000 BTC ATMs Installed Worldwide, Lightning Network Adoption Growing Steadily

There are now almost 8,000 Bitcoin (BTC) ATMs, or BTMs, installed worldwide, according to data from Coin ATM Radar. A Bitcoin ATM is a kiosk that lets users buy Bitcoin with cash or their debit card. Some BTMs also allow people to sell the pseudonymous… Read More

CFTC Tells Bitcoin Options Platform to Stop Trading Immediately

The US Commodity Futures Trading Commission has told SanFrancisco based Derivabit (aka Coinflip) to cease operating as a trading platform for processing swaps in Bitcoin.  This is the first action against an unregistered Bitcoin options trading platform and draws a line for other possible derivative cryptocurrency platforms. Coinflip and… Read More

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