A List of the States in the USA with the Highest Number of Bitcoin ATMs

A List of the States in the USA with the Highest Number of Bitcoin ATMs

The rate at which Bitcoin ATMs are popping up everywhere in the US and many other countries leaves no doubt about bitcoin’s growing adoption and usage across the globe.

Currently, there are in excess of 4,700 units located all over the world. Of course, the bulk of them are here in the States, concentrated in a few states.

This article is meant to shine a light on the states with the highest number of bitcoin ATMs. Please note that this information is accurate as of the time this article was published.

Illinois Leads the Charge with 360 Cryptocurrency ATMs

The state of Illinois leads the pack with 360 Bitcoin ATMs. 237 of these machines are located in the Greater Chicago area alone.

The rest are spread across the state in counties and cities like Springfield, Naperville, Evanston and Peoria. Illinois is a total hotbed for bitcoin ATMs, as it the policies there are friendly to crypto and bitcoin companies.

Boardwalk’s New Jersey

Located to the south of New York and home to Atlantic City, New Jersey comes second with 177 bitcoin ATMs. These machines make it possible to exchange cash for bitcoin and vice versa.

Of course, this implies that there’s a huge market for this in the state. One of the reasons these ATMs have flourished in the state is the favorable business climate backed by crypto-friendly policies.

It appears that the bulk of bitcoin ATMs are concentrated in Newark. One would think you’d find them in Atlantic City though. But, the city has just one bitcoin ATM.

This means that the famed Atlantic City has less machines than smaller and less popular places like Freehold and Deptford Township. Of course, this means that more machines can be set up in places without one if the companies are willing to do so.

Big Apple’s New York City

Surprisingly number 3 on the list, New York’s most populous city trails behind NJ with 125 machines. This means that NJ has 55 more bitcoin ATMs than NYC. You’d think the city, because of its popularity and thriving tech scene, would lead the pack. But that’s not the case.

Anyway, all 125 bitcoin ATMs are located in only NYC. There’s just two more in the surrounding towns and cities within the state –more specifically one each in Sunnyside and Rosedale.

However, upon closer inspection, one can see why NYC doesn’t have as many Bitcoin ATMs. The city has passed some unfriendly polices and guidelines that do not favor crypto and bitcoin related activities.

As a result, bitcoin ATM companies have to jump through so many hoops just to stay afloat and survive in the city.

Lone Star Texas

This state with abundant sunshine trails NYC and is on the list of cities with the most bitcoin ATMs. The economy and business climate there is very crypto friendly. This is why we’re seeing a growing number of bitcoin ATMs, particularly in Houston, Dallas and Austin.

There are about 24 each in those three cities. And San Antonio has about 12 bitcoin ATMs, while other cities like Rockwall, Fort Worth, Amarillo and Corpus Christi have at least one each.

What this means is that the big cities serve as the major bitcoin ATM hubs, while the smaller ones get a few machines each. Because of the state’s favorable policies, we’re likely to see considerable growth in the number of bitcoin ATMs in the years to come.

Sunny Florida

Home to the popular cities of Miami, Fort Lauderdale, Orlando, Tampa and Jacksonville, Florida has become a hotbed for bitcoin ATMs and crypto related activities as a whole.

There are hundreds of these machines all over Florida, with the bulk found in Miami. Popular cities such as Orlando, Tampa and Jacksonville have tens of these machines installed across the multiple cities.

Smaller places like West Palm Beach, Fort Lauderdale, Miami Beach and Fort Myers have about 5 of these machines each.

The Golden State of California

In California, the main places you’ll find bitcoin ATMs are Los Angeles, Sacramento, San Diego and of course, San Francisco. These are the main hubs for all blockchain, crypto and bitcoin-related activities in the state. The good news is, even though all these major cities have many of these machines, the other 36 cities have a minimum of one each. Considering California’s size, this is a huge feat for these bitcoin ATM companies.

Georgia

The hub of bitcoin ATMs in the state in Atlanta. The city has the bulk of the machines. Other smaller cities, suburbs and smaller areas like Savannah, Trenton, Augusta, Athens and Columbus has 1 or more of these machines available.

While this looks promising particularly for the economy down south, the truth is only time will tell if the innovative technology will thrive and grow to its fullest potential here.

Automaker’s Michigan

The bulk of Michigan’s 127 bitcoin ATMs are concentrated in Detroit. The city alone is home to 120 of these machines, while the other 7 machines are Lincoln Park, Lake Orion and Grand Rapids.

With Detroit currently coming out of bankruptcy and the economy struggling to find its feet, it might be a while before we see bitcoin ATMs be in full use. That said, we can only keep our fingers crossed.

In the meantime, if you live in Detroit, Michigan and need to exchange bitcoin for cash and vice versa, there are a ton of bitcoin ATMs that you can use.

Pennsylvania

This state is home to almost 130 bitcoin ATMs, with the bulk of them concentrated on its biggest city, Philadelphia.

“Philly” is currently home to 96 of these machines. Other cities such as Pittsburgh has 11, Harrisburg has 7 and Allentown has just 5. The remaining 10 machines are distributed among 10 other cities in the state.

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Author: Bitcoin Exchange Guide News Team

Best Bitcoin SV Wallets: Top BSV Token Storage Options in 2019

Best Bitcoin SV Wallets: Top BSV Token Storage Options in 2019

While bitcoin SV is relatively new on the scene –was a hard fork of the BCH token- it’s garnered enough support to warrant a loyal following.

These followers value the token and are actively seeking out the best possible wallets for the bitcoin SV token. This way, they can keep their bitcoin SV tokens safe, secure and out of the reach of hackers and cyber thieves.

If you’re in the market for highly secure bitcoin SV wallets, the following wallets are what you need. Just pick one or more –depending on your preferences- and keep your precious tokens safe.

HandCash Wallet

This is a mobile wallet that’s available on both the android and iOS platforms. HandCash boasts of a wide array of features designed to help keep your tokens safe and secure.

The additional perk of mobility helps ensure that you can use it while on the go. This wallet has no hidden fees. Also, users can input their own usernames. This makes it incredibly easy for users to remember their user IDs.

It’s a huge improvement on the regular string of alphanumeric characters found in many other wallets. Apart from that, the wallet comes with top notch security features designed to safeguard your Bitcoin SV tokens.

Coinomi Wallet

One of the oldest and still enduring cryptocurrency wallets, Coinomi has added bitcoin SV wallet support. This way, not only can you store your bitcoin SV in the wallet, you can also store others.

Coinomi is one of the oldest multicurrency wallets in the market. The reason they’re still around is because of their amazing security features that keeps all tokens safe. No wonder it’s a favorite among Bitcoin SV token holders.

Unlike HandCash that’s a mobile wallet, Coinomi is a desktop wallet that runs on multiple operating systems, including Windows, Linux and Mac.

So, if you have a healthy diverse crypto portfolio, and are looking for just one wallet that’ll take every token, you should definitely check out Coinomi.

Guarda Wallet

Another multicurrency wallet, this one also has cross-platform features. So, not only can you store multiple cryptocurrencies in the wallet, you can also use the wallet on your PC, access it on the web, and on your mobile device.

So, while it’s not purely a bitcoin SV wallet, it can house and protect the tokens. This is a very dynamic wallet, and once that individuals with a wide range of crypto assets should take advantage of. This is probably why it’s popular in the cryptocurrency community.

Exodus Wallet

This is another multicurrency wallet that runs on desktop alone. In fact, Exodus is one of the more popular cryptocurrency wallets, designed to house and secure multiple cryptoassets.

The company recently added a bitcoin SV support, which makes it an even better choice. For a wallet with a good reputation like this, you probably can’t do any better. Apart from security of your tokens, another reason for Exodus’ popularity is its in-built exchange feature.

With this, individuals can easily exchange their bitcoin SV tokens for other like bitcoin and ethereum at the official rates. This function makes it so easy to do business without having to move the tokens to and from the wallet.

Electrum Wallet

This is an incredibly popular wallet protocol, which is why many tokens have their own version of this wallet. The latest addition, which the ElectrumSV wallet, is a desktop based wallet client that makes storing your bitcoin SV tokens very easy.

Of course, this is a basic, but secure wallet. This means that if you’re looking for more advanced features, this is not the wallet to use. If you’re looking for something simple, intuitive and user-friendly, this is a great option.

And it’ll most likely be around for a really long while, thanks to the code, which is open source and available on GitHub.

Edge Wallet

This used to be known as AirBitz. This wallet has been around for eons in the cryptocurrency market -5 years. It used to be primarily used to store bitcoin tokens.

But now that it’s been rebranded as Edge, the wallet now has an impressive array of features. As a multicurrency wallet, it’s also been configured to support Bitcoin SV. It’s an incredibly secure mobile wallet that has a decent fan base.

This makes it easy for you to move around with your wallet without worrying about your assets’ safety and security. And if you’re interested, the wallet has other features that you might find interesting and useful.

Atomic Wallet

Another multicurrency wallet, this is a new player on the scene, but one that’s distinguished itself by offering support for hundreds of cryptoassets.

Most multicurrency wallets can only support a handful of tokens. Atomic Wallet is changing the game by ensuring that you can store hundreds of tokens in its wallet with ease. Its support for bitcoin SV is great, and it offers an atomic swap trading solution. Which makes it great for an effective closed system and eliminates the need for an external solution.

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Author: Bitcoin Exchange Guide News Team

CryptoKitties Maker Launches New Competitive Game, Gets Over $200k From First Week Players

CryptoKitties Maker Launches New Competitive Game, Gets Over $200k From First Week Players

Every day, some of the biggest firms in the world come up with new and innovative ways to apply blockchain technology in their everyday functions to better improve their services. Many sectors, in the last year or two, have deployed different blockchain solutions to their core businesses. However, in all this, one sector that isn’t in the news for blockchain innovation is the gaming or recreational industry.

In 2017, one of the first every blockchain based games was launched. The game, Cryptokitties, was based on the Ethereum network and allowed players buy, sell and nurture various types of virtual cats. Cryptokitties became so successful that in December of the same year, the Ethereum network became very clogged and reached its highest ever figure in the number of transactions because of the game. Its popularity during that period affected the Ethereum network, making it very slow.

Cheeze Wizards

Now, Dapper Labs, the same brain behind Cryptokitties has just launched a new game, also based on the Ethereum network. The game, called Cheeze Wizards, involves players using Ether to summon wizards in competition with other players in a large number of fights. Every time a wizard is summoned, the size of the grand prize – known as the Big Cheeze – is increased a little more. After a few weeks, the last wizard standing wins and becomes the Big Cheeze, taking all the money.

Further explaining the game, Bryce Bladon, Head of Communications at Dapper Labs said:

“Players summon wizards, each of which is a non-fungible token (NFT). The winner gets a portion of the losing wizard’s power.… Using rock-paper-scissors logic, a winner is picked for each of the five spells cast.”

Everyone is Playing

In the first week after the game was officially deployed for play, users spent about 1,013 ETH which was roughly $275,000. However, due to unclear regulations in some areas, the game does not allow players from these places to join in the game. Regardless of these restrictions, players in those areas are already making circumventions and creating third party applications that allow them join the game. So far, there have been about five of these applications used by people in these regions. These places include Canada, Kentucky, Arizona, Maryland, Tennessee, Arkansas and South Carolina.

Extensibility

Last year a funding round led by Venrock and also joined by Google’s GV and Samsung Next, successfully raised $15 million for Dapper Labs with the hope that the firm would be able to create other groundbreaking Ethereum based games. Dapper Labs is very particular about doing everything they can to create games that are extensible. This directly refers to the ability to take assets gained from playing these games outside of the game’s specific space and to use these assets elsewhere. This is why the firm has its own Dapper Ethereum wallet which also works with other cryptocurrency wallets.

The Dapper Community

According to Bladon, Dapper Labs is very focused on creating and nurturing a community that will give opportunities to and fully back other creators and developers who hope to create projects that are as fulfilling as Cryptokitties or Cheeze Wizards.

Speaking on Dapper Labs’ focus on the community, Bladon said:

“A lot of blockchain games are trying to appeal to the mass market by sacrificing the decentralization and using side chains or hosted solutions. We want to go to the other side of the spectrum and create a game with the community for an experiment with user behaviour in crypto networks.”

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Author: Tolu

Top OneCoin Leader Pleads Not Guilty to DOJ for Conspiracy to Commit Wire Fraud

Top OneCoin Leader Pleads Not Guilty to DOJ for Conspiracy to Commit Wire Fraud

On May 28th, Konstantin Ignatov attended the preliminary hearing after the Department of Justice (DOJ) had charged him with conspiracy to commit wire fraud in March. Ignatov was charged for his role as the leader on the OneCoin Ponzi scheme. As expected, Ignatov pleaded not guilty.

Ignatov took over OneCoin in mid-2017 after his sister went into hiding. At the time, Ruja, Konstantin’s sister, was the known leader of the defunct fraudulent scheme. US authorities arrested him at the Los Angeles International Airport as he attempted to flee to Bulgaria in March.

The DOJ gathered evidence against Ignatov by working with foreign agencies, relying on information from OneCoin employees, subpoenas and warrants, and the analysis of bank account records. According to the DOJ, Ignatov is the current leader of OneCoin, which defrauded investors of a whopping $3.7 billion between 2014 and 2017.

During the preliminary hearing, Ignatov waived prosecution by indictment, meaning that prosecutors don’t have to get a charge from a grand jury. Many speculate that this decision is linked with the request for a continuance in April, although nobody knows what transpired Konstantin’s lawyers and the DOJ.

In April, the DOJ requested for a 30-day continuance which pushed the preliminary hearing date to May 28th. The prosecution was previously expected to file an indictment against Ignatov by April 26th. However, it emerged that the two parties (DOJ and Ignatov) were discussing a possible settlement of this case.

It is presumed that Ignatov would have waived prosecution by indictment in exchange for a guilty plea if the two parties had reached an agreement. This is because the effects of an indictment are more dreadful than taking a guilty plea. The not guilty plea is an indicator that the deal between Ignatov and the DOJ might be off, at least for now.

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Author: Lillian P

Samson Mow Shares Steve Jobs’ APPL Stock Analogy, Says Ignore Bad Press and Buy More Bitcoin

Samson Mow Shares Steve Jobs' APPL Stock Analogy, Says Ignore Bad Press and Buy More Bitcoin

Samson Mow: Ignore Bad Press And Buy More Bitcoin

Bitcoin’s recent price surge has fueled substantial speculation and interest in the world first digital currency. During this time, the crypto industry has had to deal with the fear, uncertainty, and doubt (FUD) about the reliability of Bitcoin and the broader crypto market as a whole.

Samson Mow, the CSO of Blockstream, took to his Twitter to tell off the critics who were tarnishing the reputation of Bitcoin. Drawing inspiration from an old Steve Jobs speech, he tweeted that people who listened to the late computer guru at WWDC 1997 and ignored the FUD media gained massive profits. In 1997, jobs advised investors to 100 shares of APPL stock for $1,662; the stocks are currently worth $498,400, which is equivalent of a 300x gain on the initial investment. The tweet encouraged investors to ignore FUD and buy more Bitcoin.

Back then, Jobs argued that the tech industry was struggling with the problem of perception versus reality. He added that Apple would continue developing quality products for is customers, while the press continues doing what they want. Jobs concluded by encouraging people to buy Apple stocks as long the press is shorting them.

Mow believes that the analogy from 1997 is relevant to the current situation in the Bitcoin market. In this regard, he said that investors who follow the media would not gain anything from the crypto industry.

The Steve Jobs analogy makes sense because Apple defied the bad press to become the first company with a $1 trillion value. Although Bitcoin has to do considerable before attaining a similar valuation, the progress made over the past few weeks show that $1 trillion market cap for Bitcoin isn’t an impossibility.

Last month, Bitcoin reached $150 billion for the first time since the beginning of the year. The cryptocurrency had been ranging between $50 billion and $70 billion for the best part of 2019. This surge was boosted by the 11% increase in the price of Bitcoin. As a result, famous Bitcoin proponents have expressed optimism that this bullish run will persist for a long time.

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Author: Lillian P

Decentralized Applications (DApps) On the Rise after BitTorrent File System Launch

DApps-On-the-Rise-after-BitTorrent-File-System-Launch

DApps On the Rise After BitTorrent File System Launch

One wouldn’t be wrong to say that the Cryptocurrency ecosystem is garnering daily adoption across the globe, this recognition is not only because of digital currencies are seamless and more comfortable means of holding assets, but because of the numerous problems that their applications have been able to solve. However, the crypto space appears to have shifted its focus form promoting and giving the impression that crypto assets could help integrate its applications into solving various real world problems.

A major area of concern has been that of Decentralized Applications [DApps] and one of the companies that have been a key advocate of the DApp advancement has been the Tron Foundation.

According to the recently released DApp weekly report by Tron Foundation:

“The number of #DApps on #TRON continued to grow this week. 55 new DApps were added with a growth rate of 14%. The total number of DApps on TRON is 447.”

DApps Dominate

Gambling applications turned out to be the major contributors among all the Decentalized Apps, after moving up by 44 from the last week. The report also indicated that utility DApps came closest to that of gambling after they moved were up by 9.

“Up to 1000 smart contracts have been deployed on Tron and TRX has made it back to top 10 cryptocurrencies by market cap. Let’s look forward to a decentralized network that is more open and reliable.”

Tron, had climbed to the tenth position on the charts at mid-week, however, it dropped out of the top 10 ranking as its prices fell. At present, Tron is holding the twelfth position on the charts. The crypto asset trades for $0.031 with total market capitalization of $2.1 billion. As indicated by Tron, prominent information site Coinstats included exchange pair insights for the TRXMarket while expecting to survey the performance of Tron’s blockchain and its effective utility.

BitTorrent File System Launch

Notably, the Justin Sun owned company recently made the media spotlight when one of its acquisition, BitTorrent, introduced the BitTorrent File System [BTFS].

Sun revealed that BTFS adhered deeply with the essentials of making a decentralized web or Web 4.0 with the goal that every individual across the globe could enjoy the fortune web based commercial trading. According to Sun’s tweet:

“We’re creating a platform with BTFS, BitTorrent Speed blockchain integration and the BTT utility token to let users quickly and privately interact with each other around the world without a middleman or government intervention.”

All of Today’s TRON (TRX) Price Analysis, Chart Forecasts and Industry News

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Damola

Bitcoin Parabola Still Intact, Price Explosion to Benefit These Two “Surprising” Additions to Bitcoin Billionaire List

Bitcoin Parabola Still Intact, Price Explosion to Benefit These Two “Surprising” Additions to Bitcoin Billionaire List
  • Interest from institutions and non-crypto pubic growing
  • The short term and parabolic rise still intact, however, each bull cycle keeps on rising

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The Bitcoin rich list led by Satoshi Nakamoto includes Bulgaria and the US government as well. In past 3 days, Bitcoin fell down from going above $9,000 to below $8,000, however, it was just a tiny bump in its way to the moon. Bitcoin bull trend remains unbroken despite the loss of more than $1000 in a few hours seen on May 30.

In the short term, Bitcoin is in a wedge that cryptocurrency trader and investor Josh Rager says could present an opportunity to short. However, with dollar expected to roll over in the next few months, Bitcoin might take an upswing.

Interest from Institutions and Non-Crypto Pubic Growing

May has been without any doubt one of the biggest gainers not just in 2019 or 2018 but since 2017. It is further validated by Binance’s latest report where it states May was “a much more active month in terms of OTC trading” compared to March and April.

Almost 40 percent premium for Grayscale Bitcoin Trust over BTC spot price at the end of last month further means institutional investors are “growing their exposure to digital assets and cryptocurrencies” wrote Binance. The month also saw interest from the non-crypto public and it continues to build.

This interest is building in the expectation of another bull run in the wake of the upcoming halving event in 2020. And the parabolic rise of Bitcoin that leads to such bull cycles is still very much intact.

However, these bull cycles are becoming increasingly longer for Bitcoin. The first one in 2011 was 245 days long while the second one was of 742 days length. The last bull cycle in 2017 was of 840 days long, so the next one is expected to be even longer say 903 days.

Bitcoin Rich List

As Bitcoin goes through its parabolic rise, it is expected to hit $1 million, though there are such bold predictions made by some like John McAfee, it is hard to know yet if we will go that high or even higher.

Whatever may be the price, if we take a look at the Bitcoin billionaire list, the first spot is the most obvious one that is unknown BTC creator Satoshi Nakamoto who owns 1.1 million BTC. However, what’s interesting is the second spot that goes to Bulgaria government that has 213,519 BTC.

The next six positions goes to Winklevoss twins (1,76,000), Roger Ver (50,000), Barry Silbert (48,000), Anthony Gallippi (34,000), Tim Draper (30,000), and Charlie Shrem (20,000).

Another surprising addition is of the US government that has about 10,000 BTC. The US government has actually confiscated 453,000 BTC which is at 2.6% of the total circulating supply that came from Silk road and SELEC.

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Author: AnTy