BITPoint Joins Race To Take Bitcoin To Japanese Retail

Japanese payment gateway BITPoint is set to take Bitcoin payments to thousands of domestic retailers.

Having successfully partnered with Peach Air to facilitate its Bitcoin acceptance later this year, BITPoint is now seeking a considerably larger rollout.

“We’re holding discussions with a retail-related company,” Bloomberg quotes President Genki Oda on Monday.



Read More: https://cointelegraph.com/news/bitpoint-joins-race-to-take-bitcoin-to-japanese-retail

We Plan To Open 5,000 Bitcoin ATMs in Europe in 2017: Bitlish

Bitcoin ATM provider Bitlish was the first to open a bonafide BTM in Russia, but it is its expansion plans that are likely to get the market talking.

Despite the growing presence of BTMs in Europe, usage is still limited.

Not inconsiderable fees, as well as a lack of general consumer understanding, mean that online options remain the go-to source for both novice and experienced traders to exchange crypto for fiat and vice versa.



Read More: https://cointelegraph.com/news/we-plan-to-open-5000-bitcoin-atms-in-europe-in-2017-bitlish

LocalBitcoins set a new all-time trading high of $45.7 mln last week as Bitcoin almost hit $3,000.

Data compiled by Coin Dance confirms the week ending May 27 was the P2P marketplace’s busiest ever with $45,710,741 changing hands.



Unlike previous records, the latest high was the result of a broad trend across all LocalBitcoins markets as traders rushed to cash in on Bitcoin’s steep climb.

Read More: https://cointelegraph.com/news/bitcoin-exchange-woes-see-almost-50-mln-pass-through-localbitcoins

India Local Politicians Criticize Government’s War On Cash, Bitcoin

Indian politicians have described Bitcoin as a “ransom finance platform” while criticizing the government’s digital economy reforms.

In a meeting of the country’s Parliamentary Standing Committee on Finance quoted by the Economic Times, several local representatives “raised questions” about Bitcoin’s treatment in light of the WannaCry cyberattack.


Read More: https://cointelegraph.com/news/india-local-politicians-criticize-governments-war-on-cash-bitcoin

Bitcoin Future Is Bright, Just Be Patient: Bitcoin Investor Vinny Lingham

At the peak of the recent Bitcoin price rally, Vinny Lingham, the Bitcoin price prediction pundit, told Cointelegraph it was not healthy and would not end well.

Admittedly, it did not end as many wished, but it was unlike some of the scary bursts this ecosystem has witnessed in 2013 and 2015.

Bitcoin price actually tanked from the $2,900 range to the $2,000s when most of us were calling for $3,000. It is now struggling to find its feet at the $2,100 zone. On Sunday night, it dropped as low as $2,045 and some analysts on Bitcoin Powpow even predicted it will decline between $1,600 to $2,000.


Read More: https://cointelegraph.com/news/bitcoin-future-is-bright-just-be-patient-bitcoin-investor-vinny-lingham

Bitcoin correction sees nearly $4 billion wiped off value of the cryptocurrency as price falls 19%

• Bitcoin's price has fallen over $520 from the record high hit on Thursday last week.
• Around $3.4 billion has been wiped off the value of bitcoin since Thursday.
• Bitcoin experts still see the price rallying after the correction.

Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high.

Read More: http://www.cnbc.com/2017/05/29/bitcoin-correction-price-value.html

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