BitcoinNW Launches 3rd DASH Crypto ATM in Oregon


BitcoinNW, a Portland-based digital currency ATM operator, recently installed its third DASH-dispensing cryptocurrency teller machine in the State of Oregon.

Mike Fors, Bitcoin evangelist and founder of BitcoinNW, said on Twitter the new two-way General Bytes machine, which also supports Litecoin, Ethereum and Bitcoin, was installed inside the Salem Center Mall, in the City of Salem:


According to industry portal CoinArmRadar.com, BitcoinNW’s new machine sports some of the lowest fees in the United States: buyers pay a 4.8% fee, while sellers are charged a fee of 5.6%.

By comparison, the two Bitcoin D.A.V.E. DASH ATMs in New York City, operated by Hermes Limited, charge fees of up to 9%. Oregonians are allowed to buy and sell up to $1000 worth of DASH without presenting any identification documents!

BitcoinNW’s other DASH ATMs are installed in Springfield and Portland.

Oregon flag photo by Nicolas Raymond

UK Broker Plus500 Offers Ripple Cryptocurrency CFDs to 150k+ Traders


Plus500, the second largest CFD broker in the United Kingdom, has added Ripple (XRP) to its cryptocurrency offering. The London-based brokerage has not made an official statement on the new addition yet, but some Plus500 clients have already started trading Ripple CFDs with 5X leverage via Plus500’s Android and iPhone Apps.

With the addition of Ripple, Plus500 now offers its 150k+ active client base the ability to speculate on four of the world’s most valuable cryptocurrencies: Bitcoin, Litecoin, Ethereum and Ripple.

Ar press time, Plus500 has not disclosed any details on why Ripple was chosen over other popular cryptocurrencies like DASH and Monero, but XRP’s surging popularity across the globe, especially in the UK, may have pushed Plus500 to go with Ripple.

Google Trends data indicates that Ripple-related searches originating from the United Kingdom have surged over the past several months:








Chinese And Korean Investment Capital Propels Litecoin Market Cap Above $2 Billion


Litecoin (LTC) became the world’s 4th most valuable cryptocurrency on Friday evening after large speculative inflows from China and Korea propelled Litecoin’s market capitalization above $2 the billion mark.

Over the past 24h, a combined total of $300 million (40% of global LTC volume) flowed through OKCoin and Huobi’s LTC/CNY trading pairs. While on Korea’s most popular exchange, Bithumb, buyers and sellers swapped approximately $97 million worth of Litecoin over the past 24h (12.64% of global daily volume).

And American and European investors also joined the Litecoin frenzy. On America’s most popular cryptocurrency exchange, Poloniex, a sudden surge of speculative capital drove Litecoin’s exchange rate against Bitcoin to a 30-day high of 0.01953.

At press time, data from CoinMarketCap indicates that 10.62% ($82.3 million) of global Litecoin turnover took place on Poloniex’s LTC/BTC pair.

Although LTC/BTC exchange rate hoovered mostly around 0.011 during the first two weeks of June, more recent developments have re-focused investors’ attention back on Litecoin. Last Friday, Charlie Lee, creator of Litecoin and director of engineering at Coinbase, announced he was leaving Coinbase to continue working on the Litecoin network.

Additionally, Luxembourg-based cryptocurrency exchange Bitstamp said yesterday on Twitter that Litecoin-based trading pairs will be added next Monday.

However, today’s unexpected announcement by Bitmain, the largest manufacturer of specialized digital currency mining equipment, placed Litecoin on the ‘radars’ of millions of investors and speculators:



Wall Street bull photo by apauls








Reddit Co-Founder Alexis Ohanian's Tweet Pushes Golem Valuation Above $500 Million


A short tweet by Reddit co-founder and CEO Alexis Ohanian, sent the price of the Golem Network Token (GNT) to its highest level in two weeks on Tuesday, “Getting more and more intrigued by @golemproject,“ tweeted Ohanian to his 146k followers.

At press time, GNT is up close to 20 percent on the day at 0.000228 ($0.60). GNT’s exchange rate against bitcoin has been oscillating in a tight range since the end of May, hovering between 0.000176 and 0.00021.

And inflows into GNT have remained fairly balanced since the start of June, as investors eagerly await the release of Brass Golem, which allows CG artists to quickly render their works by renting out computing power from resource providers on the Golem network.

But Ohanian's "vote of confidence" in the Golem project, which has the potential to revolutionize the entire distributing computing industry with its P2P marketplace for computing power, managed to break the GNT/BTC rate out of its sideways channel.

Cryptocurrency data portal CoinMarketCap.com shows that the market capitalization of GNT rose to a new record high of $516.8 million as a result of Ohanian's endorsement:

Canadian Dollar Strengthens After BoC Deputy Governor Hints at Tightening Monetary Stimulus


The Canadian dollar surged more than 1 percent against the greenback today after Carolyn Wilkins, Senior Deputy Governor at the Bank of Canada, said the current “significant monetary policy stimulus in the system” may be reduced, citing the ongoing recovery of the Canadian economy.

In today’s speech to The Associates of the Asper School of Business in Winnipeg, Manitoba, Wilkins said that the economy has adjusted to lower energy prices, “One sign of progress in adjusting to lower oil prices is the bounce-back in capital expenditures in the oil and gas sector,” she explained.

In addition to the uptick seen in the oil and gas industry, Wilkins also cited improvements in the Canadian labour market, as well as growth in other industries:
“The data show that more than 70 per cent of industries have been expanding and the labour market continues to improve.”
Despite the numerous upbeat economic signs, Wilkins also mentioned the persistent slack in the Canadian economy, saying it hampered the central bank’s efforts to raise the inflation rate to 2 percent.

Wilkins’ remarks come just 30 days ahead of Bank of Canada’s next interest rate decision and monetary policy report!

After Wilkins’ comments on monetary stimulus were made public via a Bloomberg report, the Canadian currency began to rally vigorously against the U.S. dollar. By the end of the New York currency trading session, the USD/CAD exchange rate had dropped to its lowest level since April 19th: 1.33245.

And during the opening hours of the Asian FX trading session, the CAD made further gains against the dollar, trading as high as 1.33126 at 7:50 p.m. EDT.

CAD banknote photo by Evan Bench




Millions of Ripple Tokens Go Missing From Clients' Accounts at CoinPayments


Canadian cryptocurrency payment solutions provider CoinPayments Inc., has reportedly begun informing some clients of a bug that made it possible for some users of the service to withdraw excessive amounts of Ripple (XRP) tokens from other users’ wallets.

In an email to affected clients, CoinPayments CEO Alex Alexandrov said the bug had been fixed:
“We have done a full review of our systems and added additional checks and protections to make sure similar issues don't occur in the future.”
According to Alexandrov's email, on June 5, 2017, some opportunistic CoinPayments users took advantage of an undiscovered bug to unjustly enrich themselves with XRP on deposit at other clients’ online wallets, “Their detailed personal information has been collected and they all have been contacted to return the funds immediately. We are in communication with some already and reclamation process has begun with the help of our lawyers.,” says the email communique sent to affected clients.

While CoinPayments claims some of the funds have been recovered, no official statement has been released by the company on the theft, or the exact number of users involved in the incident.

Many affected clients took to social media and popular forums to express their frustration and skepticism with CoinPayments’ statements:





A special Facebook group has been launched by victims considering a class action lawsuit against CoinPayments. Rukawa Kaede, a Ripple investor from Taiwan, said in a Facebook post that he had 2.45 million XRP tokens - approximately $685,989 at current exchange rates - removed from his CoinPayments account.

If legal maneuvers by CoinPayments’ legal team fail to recover the stolen XRP, CoinPayments said in their email that ¼ of the company’s revenue will go towards making victims whole:
“Additionally, we will dedicate 1/4 of our revenue flowing directly to effected users until we restore all of the missing value in their accounts. All coins recovered will be evenly distributed among all accounts effected as those come in.”

Code bug photo by Guilherme Tavares






British Pound Plunges as Early Exit Polls Suggest Conservatives Fail to Win 326 Seats


The British pound plunged close to 2.0 percent on Thursday afternoon after early UK exit polls showed Theresa May’s Conservative party gaining only 314 seats amid an unusually high voter turnout.

Early polls suggest that Conservatives may fail to get the needed majority - 326 seats - for a new mandate to advance Brexit negotiations and block a 2nd Scottish independence referendum.

George Osborne, former British finance minister, characterized the polls as “catastrophic” for May’s party, "It is early days. It's a poll. If the poll is anything like accurate this is completely catastrophic for the Conservatives and for Theresa May," he told ITV News, according to Reuters.

Prior to the exit polls, around 4:55 p.m. EDT, the pound was trading against the dollar at 1.2906, but after British news outlets began reporting on the surprise results, the GBP/USD pair sold off 1.94 percent in the space of ten minutes.

By 5:04 p.m., the rate between the pound and the dollar was hovering at a 2-month low of 1.2704! At press time, the pound has recovered some of the initial losses, trading at 1.2820 - up 0.90 percent:


Pound photo by Chris Potter, with modification by Razor-Forex.






Asian Investors, Fierce Mining Competition Leads Bitcoin to New Record Highs Above $2850


Bitcoin rallied on Monday night above the $2800 mark, eclipsing the previous all-time high of $2760, which was recorded on May 24, 2017. On European exchange Bitstamp, the digital currency was trading as high as $2877.47 USD at 1:00 a.m. on Tuesday morning.

It remains unclear what spurred investors to pile into bitcoin with so much gusto. However, volume data from CoinMarketCap.com indicates that Korean investors played a significant role in the recent rally.

Korean exchange Bithumb saw $68 million dollars - almost 4 percent of global cryptocurrency turnover - pass through its BTC/KRW trading pair over the past 24h. Bithumb’s volumes surpassed those of American & European exchanges. While major Chinese digital currency exchanges Huobi, BTCC and OKCoin, accounted for 8.6 percent of global bitcoin trading.

Additionally, bitcoin’s wild rally over the past two days may have been fueled by the recent mining difficulty adjustment. On June 4th, the competition between miners for new coins became even more heated after the mining difficulty jumped by 13.9 percent. This was the second-largest bump in mining difficulty since the start of the year!


The Bitcoin network automatically adjusts the mining difficulty number every two weeks to maintain a minting rate of 12.5 bitcoin every 10 minutes. And since the last adjustment on the 23rd of May, many new miners have entered the race to uncover more of the “digital gold.”

In fact, Blockchain statistics portal Bitcoin Wisdom estimates the next difficulty adjustment, which is scheduled sometime in mid-June, to be in the neighborhood of 14 percent.

Bitcoin miners image by ApolitikNow