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| October 17, 2018

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Icahn to Oppose Dell’s Purchase of DVMT Tracking Shares

October 16, 2018 |

Carl Icahn revealed an 8.3% stake in DVMT and says he plans to vote against Dell’s plan to buy the stock as part of a deal intended to return Dell to the public markets.
WSJ.com: US Business

21,000 New Locations Across Canada, Europe, Australia to Purchase Bitcoin Cash

September 4, 2018 |

Netcoins, an over-the-counter (OTC) brokerage and virtual ATM software company, announced this week it was enabling bitcoin cash (BCH) for immediate access purchase. For BCH enthusiasts, that’s 21,000 locations, covering Canada, Europe, and Australia where the decentralized currency is now available.

Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug

21,000 New Locations to Buy Bitcoin Cash

“Adding BCH brings us to having 6 of the top 7 coins available via Netcoins. With just EOS left among the top 7 coins, we are giving investors a compelling reason to use the Netcoins network for all their crypto needs, whether via OTC or via our strong retail network,” announced Netcoins CEO Mark Binns.

21,000 New Locations Across Canada, Europe, Australia to Purchase Bitcoin Cash

Netcoins has been around for three years, and is from Vancouver, Canada, where it initiated its virtual ATM business in 2015. “Merchants from all over the world can sign up for the Netcoins service and be provided with a platform that allows them to have a Bitcoin ATM without having to buy a machine. The application can work on a smartphone or tablet allowing merchants to offer the sale of Bitcoin without the substantial costs involved with the purchase of a device or the physical space needed within the store,” we profiled previously.

For BCH, it’s another adoption score, one in a string this year. Netcoins services 21,000 retail locations throughout Canada, Europe, and Australia. In its announcement the company promised immediate access to purchase BCH through its OTC Private Brokerage Services.

Adoption Milestones Keep Coming for BCH

Just days ago, these pages reported how “the Atlanta-based firm Bitpay announced that its merchants can now receive settlement in bitcoin cash (BCH). Not only can Bitpay merchants accept the decentralized digital currency and keep all the bitcoin cash, but they can also split their funds into a fraction of fiat and BCH as well,” a significant step for merchants tired of changing out from bitcoin core (BTC) back into BCH after settling.

21,000 New Locations Across Canada, Europe, Australia to Purchase Bitcoin Cash

And a week prior to the above, “a new bitcoin cash SPV client available called Pixel Wallet that provides users with the ability to attach BCH transactions to pictures” was released. “Basically, bitcoin cash users can send BCH transactions in a steganographic manner with the wallet hiding funds in plain sight. Pixel Wallet was initially announced and launched on the BCH testnet during the first week of August, and the project’s developers explained the application would be the first of its kind.”

Netcoins appears to be doing well during an extended bear market. They announced this summer pushing through more than $ 2 million worth of transactions in a 24-hour period, capping a vibrant month for the outfit of over $ 5 million in transactions total.  

Are OTC virtual ATMs good for the ecosystem? Share your thoughts in the comments section below!


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post 21,000 New Locations Across Canada, Europe, Australia to Purchase Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

Germany Vetoes Chinese Purchase of Business Citing Security Grounds

August 6, 2018 |

The German government has decided to ban for the first time the sale of a German company, Leifeld Metal Spinning, to a Chinese suitor on security grounds.
WSJ.com: What’s News Europe

AT&T completes purchase of Time Warner, ushering in new era for Warner Bros., CNN and HBO

June 15, 2018 |

Time Warner Inc. is no more.

Late Thursday, AT&T Inc. announced that it completed its $ 85-billion acquisition of Time Warner Inc., just two days after a federal judge in Washington gave the deal the green light. AT&T wasted little time consolidating its hard-fought prize — a blockbuster purchase…


L.A. Times – Business

Judge clears AT&T purchase of Time Warner, creating entertainment colossus

June 13, 2018 |

A federal judge Tuesday cleared the way for AT&T Inc.’s $ 85.4-billion purchase of Time Warner Inc., creating an entertainment colossus that promises to reshape the media business.

U.S. District Judge Richard Leon’s ruling in the biggest antitrust case of the century is expected to pave the way…


L.A. Times – Business

TMZ

‘Pawn Stars’ Brett Maly Praises Diddy’s $21 mil Art Purchase

May 23, 2018 |

Diddy’s got a keen eye for fine art, and his historic purchase of a Kerry James Marshall painting is a huge score for him and a bigger score for the artist … according to a famous expert. Brett Maly – the fine art appraiser from “Pawn…

TMZ.com

$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

May 9, 2018 |

$  2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $ 2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

$ 2.5 Billion Capital Flight

Mohammad Reza Pourebrahimi, the Chairman of the Economic Commission of the Parliament of Iran, was quoted saying last week by Ibena.ir news agency:

Based on the existing data, few people in Iran are cryptocurrency users and more than 2.5 billion dollars has been sent out of the country for buying digital currencies.

$  2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies
Central Bank of Iran building.

He previously told Isna newspaper that Iranians had transferred $ 30 billion out of the country over the few months ending March. “Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,” Radiofarda explained.

The chairman’s statement came on the heels of the Central Bank of Iran (CBI) banning banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.

Iran’s National Cryptocurrency

$  2.5 Billion Sent Out of Iran to Purchase CryptocurrenciesIran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, recently confirmed that an experimental local cryptocurrency has been developed and a test model was ready.

However, in an interview with Ibena.ir last week, Pourebrahimi said that “No virtual national currency has been designed in the country at the present [time].”

Nonetheless, he explained that Iran’s national crypto can “facilitate economic deals and circumvent sanctions,” the news outlet conveyed. Citing that “the future of the world economy will be done on digital currencies,” the chairman was quoted asserting that the national cryptocurrency “can pave the path for multilateral currency swap agreements between Iran and countries which are enthusiastic to have economic cooperation with Iran but they couldn’t have it so far owing to the sanctions.” He also elaborated:

The structure of the cryptocurrency should be suitable for economic activity and be acceptable at the international level simultaneously.

Pourebrahimi believes one of the benefits of cryptocurrencies “is [the] absence of [the] American regulator,” which he admitted can circumvent sanctions. His statement echoes Azari-Jahromi’s statement made last week that “All cryptocurrencies have the ability to circumvent sanctions because they are not under the supervision of the US financial regulator.”

Meanwhile, U.S. President Donald Trump has withdrawn the US from the 2015 Iran nuclear deal by restoring sanctions on Iranian oil exports.

What do you think of Iranians spending $ 2.5 billion to buy crypto abroad? Let us know in the comments section below.


Images courtesy of Shutterstock and Azernews.


Need to calculate your bitcoin holdings? Check our tools section.

The post $ 2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies appeared first on Bitcoin News.

Bitcoin News

Justice Department makes final plea to judge to halt AT&T’s proposed purchase of Time Warner or significantly scale it back

April 30, 2018 |

The government on Monday made its final plea to a federal judge to block AT&T Inc.’s $ 85.4-billion purchase of Time Warner Inc. or order it significantly scaled back, arguing that the combined company would be so powerful it would hinder competition and raise pay TV prices for consumers.

“This…


L.A. Times – Business

TMZ

Marcus Davenport’s First Post-Draft Purchase? McDonald’s, Baby!

April 27, 2018 |

Marcus Davenport was the 14th pic in the NFL Draft and is now slated to make MILLIONS! So, what’s his first big purchase??!? Mickey D’s, baby!!! The New Orleans Saints newest defensive end was craving some burgers after the draft — and told our…

TMZ.com

Qualcomm’s $44 Billion Purchase of NXP Has ‘Hard to Resolve’ Issues: China

April 19, 2018 |

China is the last major government yet to approve the pending deal and this is its first public comment since Beijing-Washington trade tensions ramped up.
WSJ.com: What’s News Asia