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| May 24, 2019

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Pompeo Cites Emergency to Push Arms Sale Through

May 24, 2019 |

The Trump administration on Friday invoked a rarely used provision in federal law to bypass congressional review of arms sales to Saudi Arabia, citing threats the kingdom faces from Iran. Secretary of State Mike Pompeo notified Congress of the decision to use an emergency loophole in the Arms Export Control…

Report: Trump Considering Loophole for Saudi Arms Sale

May 24, 2019 |

The Trump administration is considering an emergency declaration that would allow it to make an arms shipment to Saudi Arabia without the approval of Congress, two US officials and lawmakers opposed to the move said Thursday. The officials say a decision on invoking a national security waiver in the Arms…

Overstock CEO justifies stock sale, vows never to give 'an explanation again'

May 17, 2019 |

Overstock CEO justifies stock sale, vows never to give 'an explanation again' Inc Chief Executive Officer Patrick Byrne, lashing out at shareholders questioning his sale of a big block of stock this week that sent the company’s shares into a nosedive, said on Friday he had to supplement his “nominal salary” and vowed never to “give such an explanation again.” In an extraordinary and biting letter to shareholders, Byrne said he had sold 400,000 more shares in the online retailer and blockchain technology incubator than was disclosed earlier this week. In a letter addressed to investors as “Dear Owners,” Byrne said he was taken aback by the “unanticipated stir” caused by his stock sale. “Frankly, I had no idea that shareholders would demand explanations of why and how I might want to use my cash derived from my labor and my property to pursue my ends in life,” Byrne wrote, italicizing the word “my” each time.

Yahoo News – Latest News & Headlines


Freddie Mercury’s Handwritten Set List from 1978 Concert for Sale

April 23, 2019 |

One of the rarest pieces of Freddie Mercury memorabilia is now up for sale … and it’s the only set list personally written by the Queen frontman to ever hit the market. Freddie’s handwritten list of Queen hits from a 1978 concert in…

Darwinos Burger Joint Hosts Colombia’s Second Point of Sale and Crypto ATM

April 18, 2019 |

Three months, ago reported on Panda Exchange launching a hybrid point-of-sale (PoS) and cryptocurrency ATM in Bogotá, Colombia. Since then, the Panda team has also helped Athena Bitcoin install a crypto ATM in Cúcuta, Colombia to serve as a crypto gateway for Venezuelans. On April 17, Panda announced the installation of its second digital currency PoS terminal at Cúcuta’s most popular burger restaurant, Darwinos.

Also read: Strong Evidence Suggests a Single Entity Mined More Than 1 Million Bitcoin

Panda Exchange Launches Another Exeler BTM in South America

Spreading cryptocurrency throughout Latin America is a big deal to the Panda Group team and the company’s founder Arley Lozano. Panda Group provides cryptocurrency solutions globally and operates the trading platform Panda Exchange. Last January, spoke with Lozano about the hybrid PoS terminal and cryptocurrency ATM installed in Bogotá, at La Tortata sweet shop.

Darwinos Burger Joint Hosts Colombia's Second Point of Sale and Crypto ATM

Panda calls the device the Xeler BTM and the terminal allows users to buy and sell cryptocurrencies, as well as the ability to process payments for products purchased with BCH, BTC, and DAI. This week, Lozano told our newsdesk about the latest Xeler installation which took place in Cúcuta Colombia at the well-known burger shop Darwinos. Lozano explained that Darwinos serves the best burgers in Cúcuta and the team saw a good turn out the day the Exeler was installed. Now users can buy food and beverages with crypto and also purchase digital assets in exchange for Colombian pesos.

Darwinos Burger Joint Hosts Colombia's Second Point of Sale and Crypto ATM
Panda Group founder Arley Lozano installing the Xeler terminal at Darwinos burger joint in Cúcuta.

Lozano and Panda are no strangers to the Cúcuta region which is very close to the border of Venezuela. On March 18, Lozano and his team consulted the ATM company Athena Bitcoin and helped them install a cryptocurrency ATM in the city of Cúcuta. Athena’s blog post says that Panda Exchange was responsible for coordinating the logistics for the installation of the Athena ATM. Both teams hope that the ATM serves as a cryptocurrency gateway for not only local residents but also bordering Venezuelans as well.

Darwinos Burger Joint Hosts Colombia's Second Point of Sale and Crypto ATM
Panda Group helping the Athena Bitcoin team coordinate the ATM installation in Cúcuta which is very close to the Venezuelan border.

Cúcuta, otherwise known as San Jose de Cúcuta, is a metropolitan area that borders the economically stricken country of Venezuela. Since the economic hardships and civil unrest under Maduro’s authoritarian regime, many Venezuelans have sought refuge in Cúcuta. The city has acted as a hub of commerce in the Norte de Santander region and this is why Athena Bitcoin and Panda Exchange have been making strides in this area.

Spreading Cryptocurrency Accessibility to the Unbanked in Colombia and Venezuela

The Darwinos installation is now the second portable cryptocurrency terminal in Colombia and Lozano tells our publication that the team hopes to have about 100 of these devices distributed throughout Colombia and Venezuela by the year’s end. Roughly 20 of those devices will be installed in the region at a well-known chain of pharmacies. The company also detailed that there’s no regulatory guidelines at the moment in Colombia that require users to declare taxes when they use the Xeler BTM. There is a minimum of about US$ 15 worth of crypto that can be purchased and Panda does take a small commission from digital currency purchases and PoS transactions. Further, the Xeler has an integrated KYC system which requires the user to verify their identity for ATM transactions and a single record is made per user. Panda integrated the Xpay payment processor with Xeler which allows merchants to process payments with cryptocurrencies.

Darwinos Burger Joint Hosts Colombia's Second Point of Sale and Crypto ATM
The day the Xeler machine and Xpay was integrated at Darwinos saw a lot of customers.

Lozano and Panda believe that spreading peer-to-peer digital currencies throughout the region will help economic freedom flourish for people who need it most. Not only does the latest terminal provide more accessibility to bordering Venezuelans seeking refuge in Cúcuta, the machine also helps locals a great deal. The company told that roughly 55% of Colombians are unbanked, so the Exeler PoS terminal and crypto ATM solution is focused on buying and selling digital assets with Colombian pesos.

“At Panda Group we are happy to spread cryptocurrency adoption in Cúcuta and it’s also my hometown,” Lozano stressed. “Moreover, many Panda team members have a heart and soul for our friends and family in Venezuela Deploying Xeler with our Xpay solution will help our brothers and sisters be able to buy cryptocurrencies direct during these hard economic times.” The Panda Group founder concluded:

Our next plan is to deploy more Xeler terminals and Xpay throughout a variety of supermarkets and pharmacies. Panda Group was born to help our brothers and sisters with crypto solutions and provide accessibility to real people.

What do you think about Panda Exchange launching another Exeler terminal in Cúcuta Colombia? Let us know what you think about this project in the comments section below.

Image credits: Shutterstock, Panda Exchange, Athena Bitcoin ATM logo, Arley Lozano, and Darwinos.

Not up to date on the news? Listen to This Week in Bitcoin, a podcast updated each Friday.

The post Darwinos Burger Joint Hosts Colombia’s Second Point of Sale and Crypto ATM appeared first on Bitcoin News.

Bitcoin News

Smart & Final markets bring $500 million in sale to an investment firm

April 18, 2019 |

Smart & Final Stores Inc.’s stock soared Wednesday after the grocery retailer agreed to be acquired by the investment firm Apollo Global Management for nearly $ 500 million in cash.

The stock jumped $ 1.10, or 20%, to $ 6.49 a share after Apollo said late Tuesday that it would offer $ 6.50 for each…

L.A. Times – Business

House Sale ‘Makes No Sense’ —Until Admissions Scandal

April 5, 2019 |

The modest home on a quarter-acre lot in Needham, Mass., had been assessed at $ 549,300. When it sold for $ 989,500 in May 2016, Needham’s top assessor was surprised to find it “in bad shape.” Of the sale, he simply noted: “Makes no sense.” It still didn’t make sense…

Sorrento Therapeutics sues Soon-Shiong, alleging it was shortchanged in cancer drug sale

April 4, 2019 |

A San Diego biopharmaceutical company is accusing its business partner, biotech entrepreneur Dr. Patrick Soon-Shiong, of orchestrating a “catch and kill” plan that ultimately prevented the release of a promising cancer drug.

Sorrento Therapeutics, a publicly traded firm developing pain and cancer…

L.A. Times – Business


Ellen DeGeneres’ Beverly Hills Home for Sale at Nearly $18 Mil

March 27, 2019 |

Ellen DeGeneres is selling yet another home — this time it’s in Beverly Hills. The comedian just listed her 90210 home for nearly $ 18 million, a move that comes just 6 months after she purchased it. Ellen bought the place back in September for $ 15…

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

March 20, 2019 |

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Intercontinental Exchange has added new coins to its cryptocurrency data feed and we’ve got the details in this installment of The Daily. This edition also features Coincheck’s announcement that it plans to sell its BSV holdings and reimburse users with Japanese fiat currency. Also, Chinese mining giant Bitmain has closed its office in Norway.

Also read: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job

ICE Adds More Coins to Its Cryptocurrency Data Feed

Intercontinental Exchange Inc., the operator of the New York Stock Exchange, has expanded the scope of its ICE Cryptocurrency Data Feed to cover dozens of new cryptocurrencies. The service uses data from hundreds of sources in the crypto space, as the platform announced earlier this month.

When it launched in January of last year, it was compiling data from around 15 exchanges. Now it promises users a comprehensive view of the market that can help them optimize their digital asset trading. The service is also targeting traditional financial institutions that want to enter the industry.

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Last week ICE Data Services tweeted a list of the digital coins that have been included in the data feed so far. Among them are major cryptocurrencies such as bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH) and litecoin (LTC).

Totaling almost 60 projects, the list also includes aelf, ardor, augur, cardano, basic attention token, BSV, BTG, bitshares, bytom, cybermiles,, dash, decentraland, digibyte, dogecoin, elastos, eos , ethereum classic, gas, gemini dollar, huobi token, icon, iost, kyber network, lisk, metaverse ETP, miota, mithril, monero, nebulas, nem, neo, odyssey, omisego, ontology, paxos, qtum, ripple, siacoin, status, steem dollars, stellar, tenx, theta token, tether, tron, trueusd, usd coin, vechain, verge, waltonchain, zcash, zilliqa, and 0x.

Crypto Exchange Coincheck to Sell BSV Holdings

Japanese digital asset exchange Coincheck has announced intentions to sell the BSV holdings accumulated as a result of the hard fork of the Bitcoin Cash network in November. The platform plans to convert the coins to fiat money and reimburse its holders with the corresponding amounts in Japanese yen that will be deposited to their trading accounts.

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Coincheck explained in an announcement quoted by AMB Crypto that the fiat equivalent could be lower than the market price of the coins and noted that a fee will be charged for yen withdrawals. The exchange did not reveal the date and the exact time of the upcoming sale in order to avoid affecting the market price of the currency. It also stated that only BSV funds will be sold.

Bitmain Closes Office in Norway

Chinese crypto mining giant Bitmain has closed its branch in Norway only a year after its opening. The Beijing-headquartered company has already terminated all its operations in the Scandinavian country and moved its office to Germany, ICO Shock reported, quoting the former Norwegian manager of the company, Julie Hvideberg.

According to the executive, the main reason for the move is the revocation of electricity subsidies for mining facilities in the country. In November, the Norwegian government decided that crypto-based data centers should pay the full electricity rates and taxes, unlike traditional data centers.

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

The publication highlights the controversial nature of the decision which attracted a lot of criticism from the power and data industry. Hvideberg, who has already quit her job, believes that in the future major mining pools will be concentrated in China and Russia, where electrical energy is much cheaper.

On the backdrop of falling crypto prices, Bitmain closed its Amsterdam office and suspended its operations in a Texas-based mining facility in mid-January. And in December, the company shut down its research and development center in Israel.

What are your thoughts on today’s news tidbits? Tell us in the comments section.

Images courtesy of Shutterstock.

At 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 In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed appeared first on Bitcoin News.

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