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| April 21, 2018

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Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC

April 16, 2018 |

Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC

Buying cryptocurrency has just become easier for all residents of the US capital, as the American bitcoin ATM network, Coinsource, has now expanded into the Washington DC metropolitan area. With this latest installment, the company now boasts of operating almost 200 machines across the US.

Also Read: Malta Attracts Cryptocurrency Exchange Okex

Crypto Capital

Coinsource Installs 20 Bitcoin ATM Machines Around Washington DCCoinsource, Texas-based bitcoin ATM network, has announced its first entry into the American capital. The company will install twenty machines across the District of Columbia and Maryland, saying it received significant demand from local users and merchants. The machines will be spread in convenient locations across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.

Before this development, the city already had about five machines being serviced by five different operators. Additionally, several local restaurants, bookshops, and record shops have been accepting bitcoin as payment since last year.

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said CEO of Coinsource Sheffield Clark. “All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

Bitcoin Nation

Coinsource Installs 20 Bitcoin ATM Machines Around Washington DCThe DC installation caps off a quarter of growth for the company after launching 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight new machines in Denver, Colorado earlier this month. Coinsource currently has 182 machines across 18 American states, plus the District of Columbia.

CMO of Coinsource, Bobby Sharp, said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration. This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”

Which American politicians are going to be among the customers of these ATMs? Share your thoughts in the comments section below. 

Images courtesy of Shutterstock.

Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.

The post Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC appeared first on Bitcoin News.

Bitcoin News

‘Rogue’ Phone Spying Devices Detected in Washington, DC

April 4, 2018 |

For the first time, the US government has publicly acknowledged the existence in Washington of what appear to be rogue devices that foreign spies and criminals could be using to track individual cellphones and intercept calls and messages. The use of what are known as cellphone-site simulators by foreign powers…


Michael Steele Says Trump’s Amazon Feud is Really About Washington Post

April 3, 2018 |

Former RNC Chairman Michael Steele says he sees right through President Trump’s beef with Jeff Bezos … and says it ain’t about Amazon, it’s just politics and the newspaper Bezos owns. We got the conservative pundit Tuesday in…

Amazon severs ties with top lobbying firms in Washington

April 2, 2018 | Inc. cut ties with Washington’s biggest lobbying firm and brought on new advisors following passage of the tax overhaul bill last year and in the face of new challenges in the age of President Trump.

The shake-up occurred March 23, six days before Trump briefly sent Amazon’s stock tumbling…

L.A. Times – Business

Mr. Tan goes to Washington: the undoing of Broadcom’s $117-billion bid for Qualcomm

March 16, 2018 |

Hock Tan had a trick for winning over skeptical investors.

When people asked why he was so confident that Washington would approve his $ 117 billion takeover of San Diego-based Qualcomm Inc., Tan would take out his cellphone and show them a photo of himself with U.S. President Trump.

Boy, was Tan…

L.A. Times – Business

Decapitated body found near remote ammo-filled survivalist bunker in Washington, police say

March 8, 2018 |

A Washington state sheriff says the body of a woman found near a gun- and ammo-filled bunker last weekend had been decapitated, and a man sought in the case is on the loose and possibly headed for California.
FOX News

Washington State QB Dead in Apparent Suicide

January 17, 2018 |

After backup Washington State quarterback Tyler Hilinski missed practice, police went to his Pullman apartment Tuesday to do a welfare check. They emerged with grim news: The 21-year-old was found dead of a gunshot wound to the head, and USA Today reports a suicide note was found at the scene….

Small Washington Town is Becoming a Bitcoin Mining Epicenter 

January 14, 2018 |

Small Washington Town is Becoming a Bitcoin Mining Epicenter 

Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency?

Also Read: How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss

Mining Boom in A Small Town

Wenatchee is home to a dozen of the largest bitcoin miners, becoming something of an epicentre. It appears a steady stream of investors are discovering the town as an optimum place to mine. Steve Wright, the head of the local power utility, says that another 75 have inquired about coming to the town:

We’ve come from just a few people out there who have been knocking on the door to all of a sudden to people who are banging on the door pretty loudly.

Bitcoin mining is known to be energy-consuming. But miners here appear not to have this problem. Power is extremely cheap for the town— only 2 to 3 cents per kilowatt hour.

An early miner in the town, Malachi Salcido, owns three data centers in the area capable of generating 5 to 7 BTC per day. Salcido uses 7.5 megawatts of power and wants to produce 50 BTC per day by July, which would require a whopping 42 megawatts of power. The town of Wenatchee is key in his plans.

Abundant Power to Offer

Small Washington Town is Becoming a Bitcoin Mining Epicenter 

Power is cheap here due to abundant hydroelectric power through a series of dams on the Columbia River.

Another reason why Wenatchee is a favorite mining town is that it boasts cooler seasons to help keep the servers at the right temperature. The small town also has exceptional internet access. Steve Wright, however, is concerned that speculators might rush into the town to take advantage of everything it offers:

What we don’t want is people who come here to make a quick buck off of our low-cost electricity and then leave town and leave us, and leave the people of this community holding the bag.

What do you think of the mining boom? Will the small town attract more crypto investors? Leave your comments below. 

Images via Shutterstock,

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

The post Small Washington Town is Becoming a Bitcoin Mining Epicenter  appeared first on Bitcoin News.

Bitcoin News

Washington State Suit: Motel 6 Sold Its Guests Out to ICE

January 4, 2018 |

Washington state is suing Motel 6 for selling out its guests, accusing the budget motel chain of voluntarily giving ICE officials daily lists with guests’ driver’s license numbers, DOBs, and room numbers, reports KIRO 7 . “The scale of what Motel 6 was doing is deeply disturbing to me,” says state…

Motel 6 routinely gave guests’ information to immigration officials, Washington attorney general says

January 4, 2018 |

Washington’s state attorney general sued Motel 6 on Wednesday, accusing the hotel chain of illegally giving information on thousands of guests to immigration enforcement officials who did not have warrants and who scrutinized guests with Latino-sounding names.

Motel 6 has faced scrutiny since September,…

L.A. Times – Business