Today in Crypto: Coinme adds coins to kiosks
Bitcoin kiosk company Coinme is now selling ether, polygon, chainlink, dogecoin, litecoin and stellar from its 10,000 grocery store kiosks, a Coindesk report said on Wednesday (August 24).
The six new coins will provide more opportunities to interact with crypto beyond the ubiquitous bitcoin.
Meanwhile, bitcoin could move further down in value in the future, according to a number of technical charts, Bloomberg wrote on Wednesday.
Bitcoin is already down over 50% this year, recently hovering around $19,000 to $25,000.
September has been a historically bad month for bitcoin, and futures trading suggests downward pressure. Analysts have said bitcoin may be able to hold $20,000 despite its struggles, but it will be difficult.
Elsewhere, ex-SEC chief Jay Clayton has joined Electric Capital as an adviser, joining a trend of hiring former regulators in the crypto space, Bloomberg said.
Clayton is also already an advisor to the crypto depository company Fireblocks. The development comes as the industry continues to face scrutiny from regulators and government lawmakers.
In other crypto news, the Ethereum Foundation has laid out the official parameters for the long-awaited Merge blockchain upgrade, Coindesk wrote.
The upgrades will begin to activate on September 6, and will see the blockchain upgraded to a proof-of-stake consensus mechanism where users cannot mint coins they have not earned, which will be more energy efficient. The merger must be completed between 10 September and 20 September.
Meanwhile, Tether will not block Tornado Cash addresses, a company post said.
The company says it has not been approached by US officials to freeze any Tornado addresses sanctioned by the Treasury Department’s Office of Foreign Comptrollership (OFAC), and the company says it complies with those requests when it receives them.
Tornado Cash was sanctioned because it allegedly played a part in helping hackers launder money.
Finally, a federal judge has ruled that Voyager Digital can pay a retainer fee of $1.6 million to over 30 employees, Coindesk wrote on Wednesday.
The crypto lender, which is undergoing bankruptcy proceedings, applied for the authorization earlier in August, which was opposed by creditors.
For all PYMNTS crypto coverage, subscribe to the daily crypto newsletter.
——————————
NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPS
About: The findings of PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy”, a collaboration with PayPal, analyzed the responses of 9,904 consumers in Australia, Germany, the UK and the US and showed strong demand for a single multi-functional super app instead of using dozens of individuals.
