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August 28th Cryptocurrency News Round-Up- Costa Rica To Get Its First Bitcoin ATM

1,022 views · Published 28 August 2017 · 3:07 · Indexed 4 November 2026

Channel: NEWSBTC · 2017 · People & Blogs

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On Friday we saw Bitcoin move closer to $4,500 but over the weekend it remained under $4,400, struggling to move higher. Good news for Ethereum, a team  of developers backed by Mark Cuban have launched the Ethereum based Mercury Protocol. The developers say the project is a way to send messages over social media using blockchain with better privacy and security. According to the white paper, communication platforms will benefit from this decentralized Blockchain technology at a low cost. Today, we saw Ethereum jump to $352 today. Bitcoin Cash jumped to $646 on Sunday, earlier in the day it fell below $600. Last week we saw it surpass the 700 level. Litecoin prices hit a record high this weekend as they climbed past $60 on Sunday for the very first time. Litecoin has been enjoying a strong bull run recently. 

Let’s see what else is happening in the Cryptocurrency world. Costa Rica will soon have its very first Bitcoin ATM. According to the Costa Rica Star, a Venezuelan company located in Panama, Cryptobuyer, will install this at the end of September. Users will be able to exchange regular physical currency for bitcoins. 

South Korea’s Kakao is launching a cryptocurrency exchange alongside its stock trading app. The trades will take place through the mobile Kakao Talk app, which is used by over 200 million users. Through the Stock app, Kakao Talk users can purchase stocks and they can receive real-time stock quotes as well. There are no additional transaction fees for this service either. It is believed this upcoming cryptocurrency exchange will operate in a similar manner. It will provide support for currencies such as Bitcoin, Ethereum, and a few others. 

Chinese firm Midea Group recently filed a patent for household devices capable of mining Bitcoin. The company describes a method used to mine bitcoins by using appliances such as an air conditioning unit. It also includes controlling network access through the appliance and logging in to a Bitcoin-related account. So what do you think? Share with us your thoughts on this.

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