Earn Money with Affiliate Programs and Business Opportunities Online: free bitcoin
Showing posts with label free bitcoin. Show all posts
Showing posts with label free bitcoin. Show all posts

Monday, July 30, 2018

ATM that exchanges cash for bitcoins opens in Canada

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The machine inaugurated Tuesday, delivered to Vancouver in Western Canada by Robocoin, an American manufacturer, stands against a wall of a popular coffee shop, and resembles an ordinary cash ATM.

However, instead of cash transactions it swaps Canadian dollars for bitcoins, the virtual currency of the Internet invented in 2008 by an anonymous computer scientist known only by the pseudonym Satoshi Nakamoto.
Customers lined up Tuesday to use the ATM, then used their smart phones to buy coffee and muffins at the Waves coffee shop.

The ATM is the world's first, said co-owner Mitchel Demeter, a local entrepreneur who started trading in bitcoins several years ago, then earlier this year with two partners set up Bitcoiniacs, a Vancouver storefront money exchange.

He and his friends, who were high school students together, said they saw ATMs as a business opportunity. "Nobody had an ATM, everyone was buying and selling on websites," said Demeter.
Customers use a private key - like a bank PIN number - to access their online account of bitcoins on the ATM.

They withdraw cash equivalents (the conversion rate is currently about one bitcoin for $200) from their bitcoins, or deposit cash bills. The machine transfers the money on the Internet via the Canadian VirtEx exchange.
Users can then spend their bitcoins with a smartphone, in a similar way to the way interact or credit cards are used, or by transferring the money to purchase goods online.
"It's the currency of the Internet, as real as any other," said Demeter.

The volatile currency is as yet unregulated by any government in the world, and it has had a share of notoriety by being used in the drug trade.
Germany, however, became the first country in the world earlier this year to declare bitcoins a "private currency."

And earlier this month investors were startled when a senior investment officer with giant hedge fund Fortress Investment Group said bitcoins could be used as a cheaper way of transferring money in countries with weak banking systems, the Financial Times reported.
In Vancouver, bitcoins are accepted by some 15 local businesses, from coffee shops to a landscaping business.

Bitcoins are also increasingly common in several hotspots around the world, especially San Francisco, Berlin, and Argentina, and accepted by online companies such as Wordpress.
David Lowy, a city businessman who used his smart phone to transfer .0101 bitcoins to the Waves barista, for a cup of dark coffee worth $2 (Canadian), said Vancouver was a likely candidate to claim the first bitcoin ATM because the wealthy city is popular with Internet entrepreneurs.

One of the ATM's first customers was Mike Yeung, a business student at the city campus of Simon Fraser University, where he helped set up a university bitcoin club, one of a handful of such clubs in the world.
The club's mission "is to educate people about bitcoin so they can adopt bitcoins in their everyday lives," he said.

"I think bitcoins are the wave of the future, because they provide maximum value and efficiency," said Yeung.

Once bitcoins are more established, Yeung predicted, they will commonly be used to send money around the world cheaply, the way the Internet allows people to talk with each other on apps such as Skype.
He gestured at the new machine in the coffee shop. "The ATM is a step forward."

New York regulator plans 'regulated' Bitcoin exchanges.

 Make free bitcoins online
Image caption Bitcoins have seen their popularity rise in recent months.

New York's financial regulator has called on firms to submit proposals to set up "regulated" exchanges for digital currencies like Bitcoin.

The state's Department of Financial Services (NYDFS) said it wanted to better protect consumers, and prevent money-laundering.
It comes as a top Bitcoin exchange, Mt Gox, filed for bankruptcy last month.
Bitcoins have been gaining in popularity recently, but they are not governed by any financial regulator.

"The fact is that virtual currencies are unlikely to disappear entirely," said Benjamin Lawsky, New York's superintendent of financial services.
The recent problems at Mt Gox and other firms further demonstrate the urgent need for stronger oversight of virtual currency exchangesBenjamin Lawsky, Superintendent of Financial Services, New York.

"As such, turning a blind eye and failing to put in place guardrails for virtual currency firms while consumers use that product is simply not a tenable strategy for regulators."
The lack of any regulatory control or oversight of Bitcoins has triggered concerns on various fronts.
It is difficult to trace transactions carried out using Bitcoins - one of the factors behind their popularity - and the currency has been linked to illegal activity online.

Bitcoins are also seen by some as a route for tax evasion and money laundering.
Russia has declared transactions using the digital currency illegal, China has banned its banks from handling Bitcoin trades, and there have been calls for the US to do the same.
Singapore has imposed a tax on Bitcoin trading and using it to pay for services, after classifying it as goods, rather than a currency.

Image copyright Getty Images Image caption Mt Gox customers have protested against the exchange, claiming the firm is a fraud.

Earlier this month, the Japanese government also said Bitcoin is not a currency and that some transactions using the virtual unit should be taxed.

The collapse of Mt Gox has only added to the concerns.
The firm filed for bankruptcy in Japan in February after losing about $473m (£284m) worth of customers' bitcoins to what it says was a hacking attack.

"The recent problems at Mt Gox and other firms further demonstrate the urgent need for stronger oversight of virtual currency exchanges," said Mr Lawsky.

"Consumers should understand and receive appropriate disclosures about the potential risks associated with using virtual currencies or any other financial product."

Tuesday, June 26, 2018

6 WAYS to EARN free bitcoin and transfer it to blockchain?




 Free Bitco

6 WAYS to EARN free bitcoin and transfer it to blockchain?

Start here. 2 totally FREE to Join and you Earn Bitcoins for Free on a daily base...

Check it out here: nr. 1BTcon...      Nr.2. Computta

Different WAYS to EARN free bitcoin and transfer it to blockchain?

Bitcoin took the market by storm in 2009. Being the world’s first crypto currency and decentralized digital currency, Bitcoin operates by sending it from user to user on a peer-to-peer bitcoin network. It was brought into the market by an unknown source, operating under the alias of “Satoshi Nakamoto.”

Bitcoin is generated as a reward for “mining”, but there are also other ways to make the cryptocurrency. Here are 6 ways to earn Bitcoin for FREE!

1) The Blockchain Game
It is a simple game on your mobile phone. You sign up, give your email address and your bitcoin address, and start playing. It has a lot of advertisements. This is how the game can afford to pay the players,however, so they don’t mind it. You get your Bitcoins once a week. The aim of this game is to get to the top level by stacking blocks on top of each other. The higher you are up on the leaderboard, the more Bitcoins you get.

2) Bitcoin Popper

Another video game for your phones - Pop bubbles and match stars. Once you have three matching stars, you get more pay for each individual star you collect thereon. It is initially very hard, but one can get a hang of it fairly fast. It makes you wait a few minutes after the first two initial games. But you know what they say – Anything free is just worth it!

3) Read books

Literally! Read books on Paidbooks.com to get your hands on some Bitcoins. It works as a traditional faucet, but it is more interesting than just having to click some captchas.

4) Roll Ball

Again, another game for your mobile phones, one you can play on a long commute to work or while on your way back home. Roll the ball around the table, collect coins and rack up tiny amounts of bitcoin. The payout is small, but keep playing to accumulate more.


5) Bitcoin mining pool.

Our service make Bitcoin mining absolitely easy for every person! You don't need to buy expensive equipment and loose your time to configure mining servers - just select Bitcoin mining plan and start to earn right now.Bitcoin Mining pool.

6) Computta


Other than these, there are also reputable faucets that have been consistent with their payouts. These include Moon Bitcoin, Bitcoin Zebra, and Free Bitcoin. Bitcoins are this generations’ penultimate freebie. It literally is - free money.

How to Transfer Your Earnings to Blockchain?
All of the said methods directly transfer the bitcoin to your bitcoin wallet, as you give this information during registration. This information is directly fed to the blockchain, which is a decentralized ledger. It isn’t stored at any particular location, so hackers can’t misuse it. However, its data is accessible to anyone on the internet.

So, sit back, relax and while casually playing some games, earn yourself some BITCOINS!