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From disposable vending machines to the all-in-one Bitcoin ATM, we'll give you an overview of what's happening in the Bitcoin world.

In the last weeks some new manufacturers appeared on the news spy market

This means that the previously relatively small competition between the already well-known brands is gradually growing. The vending machines, which are often declared as kiosks or vending machines (depending on the jurisdiction), not only make it easier for people to buy Bitcoins, but also act as silent ambassadors to show people how easy it is to trade Bitcoins. The more machines, the greater the public interest according to the news spy on

The first Bitcoin dispenser in Seattle is a rather ordinary dispenser: It is a Robocoin vending machine maintained by CoinMe and installed in a Spitfire Grill restaurant. The machine has a palm scanner and the withdrawal amount per customer is limited to 3,000 USD/day.

CoinMe's Managing Director Nick Hughes said he also uses the machines to educate and inform new potential users:

"People must be given the opportunity to talk about it and be informed. [...] They need to be educated about risks by credible people and learn about significant successes."

Saskatoon, Canada

The Edmonton-based company Bitcoin Solutions is also faithfully following the motto "Buy, Sell and Educate" and will be commissioning the first Bitcoin vending machine in Saskatchwan this week. The machine is not only one of the latest generations, it also comes from the Ottawa-based manufacturer BitAccess.

According to a Newstalk 650 report, the company chose this city because of the large number of young people. BitAccess co-founder Haseeb Awan stated that the machines are FinCEN and FinTRAC compliant and have a 3-stage security system. Transactions with a volume < 3,000 dollars only require the entry of a code sent by SMS. For transactions over $3,000, the ID card must be scanned and for transactions over $10,000, the transaction is sent to FinCEn or FinTRAC.

The company manufactures its vending machines in Canada and has already demonstrated them to the Canadian Senate. The small company currently delivers to 8 countries and is growing steadily.

Bitcoin Solutions also previously installed a vending machine in Edmonto and plans to expand into other Canadian cities.

For a country teeming with gadgets, computer geeks and bankers, Japan jumped on the bandwagon of Bitcoin machines relatively late. Reasons for this could be the not yet clear regulations or the not yet available Japanese language software of the existing machines.

The Wall Street Journal and TV Tokyo recently reported on a Robocoin Promotion Tour. Even though the machine accepts the Japanese yen, the majority of the interface is in English. There has also been news at the regulatory level, although the MPs have adopted a similar approach to Singapore: Bitcoin is not regarded as money and is therefore not regulated.

If you ask CEO Jordan Kelley how many Robocoin vending machines he wants to ship to Japan, he will probably answer: "As many as the Japanese market can support.

Amsterdam, Netherlands
Amsterdam now has its own Bitcoin kiosk and it is a new generation vending machine. The manufacturer of the vending machine is BTC-O-Matic and produces a range of one-way and two-way vending machines. The vending machine installed on 30 April is a two-way vending machine. Various other products of the company can be seen in the following video. The vending machine is located 5 minutes walk from the main station.

Dubai, UAE
Dubai-based startup Umbrellab has reportedly made good progress with the idea of equipping 300 payment kiosks with Bitcoin functionality. The project had caused confusion a few weeks ago, as it was not quite clear whether the kiosks were pure pay stations or real Bitcoin machines. The company insured to convert all 300 stations into fully-fledged Bitcoin machines.

Martin Quensel is one of the three co-founders of Centrifuge. The startup wants to bring the financial supply chain to the blockchain to eliminate inefficiencies and avoid unnecessary middlemen. The founders have already proven their potential with their former company Taulia. Taulia is also part of the Supply Chain Finance division and can count 97 of the 100 Fortune companies among its customers. Martin Quensel explains in an interview why the blockchain will revolutionize the industry and what role Centrifuge should play.

DApps and the reinvention of Bitcoin loophole business processes

We want to combine public and permissioned Bitcoin loophole blockchains in an open B2B platform, the Centrifuge OS. Every Bitcoin loophole company or organization can anchor its identity. Based on this, we can define relationships with suppliers, customers, partners and share transaction data such as orders, goods receipts, invoices or payment details. In addition, we will be able to develop and offer decentralized applications, also called dApps, to anyone who wants to become part of our community. The financing of invoices is only one possible application here.

This also explains our name. Like a centrifuge we relocate the conventional business processes, separate the essential components and reinvent them building on Centrifuge OS. We are not interested in improving these processes. We have also exhausted the optimization potential with our previous companies. The Blockchain enables a new kind of business interaction. This requires new processes and the potential is gigantic in our opinion and only foreseeable today.

Zero-Knowledge-Proof for result verification

As an open platform, how do you manage to protect the privacy of your customers?

Apart from costs, scalability and transaction speed, public blockchains like Ethereum are not yet a medium with which companies want to share business data such as invoices or orders. Sensitive information such as prices or quantities would sooner or later be visible to everyone - including competitors - if they were permanently stored here. The same applies to a Smart Contract, which maps the business relationships between a supplier and its customer, since it is executed decentrally on all nodes and therefore has access to the processed data.

We combine Permissioned Sidechains with a Public Mainchain. All data can be verified publicly at any time, but is not stored publicly. The data exchange is always controlled by the node of the owner of the data, for example the buyer in case of an order. Smart Contracts are only executed on participating nodes. Zero-Knowledge-Proofs enable the verification of results without having to share the details. This combination of technology, most of which is already available, will enable any Centrifuge company to share all its data with all its business partners in an open decentralized network, without losing data sovereignty and control to a central hub or intermediary.

New economical systems on the blockchain

With Taulia, you have already created a very successful company that is active in the supply chain finance sector. Why are you attacking the market you have already captured with a blockchain solution?

We don't believe that we compete with established Supply Chain Finance (SCF) platforms like Taulia. That wouldn't make any sense to us Centrifuge founders. We, Philip, Maex and I, are also founders of Taulia and of course still have a stake in Taulia.

The Centrifuge OS is an open B2B platform where any company can exchange and share data with any company while retaining full control over its data. So it doesn't offer any financing functions per se.

We're planning the first use case to be a distributed application that will allow SCF vendors to offer blockchain financing to any company on the Centrifuge. Taulia can also open its closed network here on an equal footing with other SCF providers and offer its great financing capabilities to many more buying and selling companies.

BlockShow Europe 2018 took place in Berlin from 28 to 29 May. Developers, investors and crypto enthusiasts from all over the world came together to initiate projects, exchange ideas and discuss the future of the Blockchain. The BTC-ECHO team was also there and summarized some impressions of the event for you.

One event, two days, two stages, 80 speakers from all over the world, 150 blockchain projects and more than 3,000 visitors - that's BlockShow Europe 2018 in figures. In Europe's crypto capital Berlin, representatives from business, politics and information technology came together over the past two days to talk about their common theme: the Blockchain. The spectrum ranged from more technical topics such as the Internet of Things or artificial intelligence to political topics such as regulation and the implementation of blockchain applications in practice.

Bitcoin news: What role can the blockchain play?

In a high-ranking panel entitled "2018 as a Year of Blockchain Education", a Bitcoin news discussion was held on how to raise awareness of the technology. The Bitcoin news panel included, among others, Blockchain-YouTuber Ivan Liljeqvist as moderator as well as Lisk founder and CEO Max Kordek. Since its rebranding with the Lisk Academy, the Lisk Blockchain platform in particular has been focusing on education in the blockchain area.

In the round on "Getting Blockchain Investments Mainstream in 2018", the participants tried to find out how blockchain-based types of financing are gaining ground. The main objective will be to encourage traditional institutional investors to make crypto investments. Emerging markets in particular are being identified as suitable locations for implementing new types of financing with block-chain products - traditional venture capital structures are not yet as pronounced here. In any case, a regulatory framework is needed to provide companies and start-ups with a clear framework.

Mike Butcher, editor-in-chief of TechCrunch, provided a highlight with his keynote lecture "Disinformation could kill Crypto". He presented trust as the central element of the blockchain - just because people don't trust each other, a blockchain solution becomes necessary. Butcher sees the mass of ICO scams last year as reducing trust in the blockchain. If people lose confidence in the technology, the blockchain will not be able to assert itself.

Regulation: innovation killer or helping hand?

Also of interest was the panel "Governmental Blockchain Initiatives within EU (and beyond)", which discussed and commented on regulatory measures in politics. Vit Jedlicka, the founder of the Free Republic of Liberland, held the very clear opinion that any state regulation would harm the free development of technology. Liberland is a project of a more or less government-less state that functions entirely on the blockchain. So far, Somalia is the only country considering recognition of the state - but Somalia itself has no functioning government.

Jedlicka proposes to test the separation of state and economy in a similar way to the separation of church and state. According to his calculations, one third of the EU's economic output has been destroyed by regulation in the last 12 years. He ignores the fact that the world economic crisis, which is due to the excesses of capitalism, also falls during this period. Blockchain investor Plamen Russev immediately contradicts him and states that not every member of society is an entrepreneur. In the interest of all others, rules for the economy are needed so that we do not live in a Wild West in which the law of the strongest applies.

All in all, the block show was a very colorful event that left many impressions and food for thought for the rest of 2018. We can be curious to see how this will develop in the near future in terms of adaptation and regulation. The location Berlin as a crypto hub of Europe and home to countless blockchain start-ups and entrepreneurs was also underlined on these two days.

The Bitcoin rate has risen the week, crossed the 3,000 Euro barrier and is currently at 3,206.75 EUR (3,790.49 USD).

Summary of the cryptosoft report

The Bitcoin price has risen over the week. Shortly before crossing the 3,000 EUR mark there was a short spike on Coinbase up to 5,002.90 EUR (5,913.60 USD). Short-term resistance is EUR 3,246.98 (USD 3,838.44), an important cryptosoft support for the moving average over the last 24 hours is EUR 3,084.39 (USD 3,645.86) like this:

Despite the weather one feels reminded of the beginning of June: After the Alltime High last week not only a new one was reached, but a new milestone was reached with the exceeding of a market value of 3.000 Euro (about 3.546 US Dollar). In a flash, the price even jumped to EUR 5,002.90 (USD 5,913.60), but this was a single order that was somewhat reminiscent of the GDAX fiasco on ETH/USD at the end of June.

Irrespective of this spike, the price was largely able to hold above the moving averages for one or two days and has so far been rising.

The MACD (second panel from above) is positive, corresponding to this further rise, as is the MACD line (blue) above the signal (orange).

The RSI (third panel from above) stands at 73 and is therefore in the overbought territory.

Overall, the signs are bullish. A first important short-term resistance is represented by the current all-time high at 3,246.98 EUR (3,838.44 USD). Important short-term supports are represented by EMA24 and EMA48, the moving averages, over the last 24 and 48 hours, respectively, at 3,084.39 EUR (3,645.86 USD) and 3020.69 EUR (3,570.56 USD) respectively.

The long-term development of the share price

For further guidance on future developments, first look at the 240min chart:

The bullish trend that began last week continued unabated, as the price continued to hold above the moving averages and the support of the bullish trend.

The MACD is positive, as is the MACD line above the signal. The RSI is in overbought territory at 78. In the medium term, the situation is bullish as well. Important supports are described by the moving averages over one or two weeks as well as the upward trend and are at 2,949.16 EUR (3,486.01 USD), 2,790.26 EUR (3,298.18 USD) and 2,697.20 EUR (3,188.18 USD). The most obvious resistance here is also the latest all-time high, but those who like daring forecasts should refer to the 161% Fib Retracement level for developments since the minimum on 17 July, which is EUR 4,268.32 (USD 5,045.30).

Finally, let's look at the 1D chart:

Here, too, everything is pointing north. The price is well above the support of the uptrend since March and the moving averages for one and two months respectively.

The MACD is therefore positive, a signal confirmed by a slightly overbought RSI of 75.

Overall, the forecast is bullish. The most important longer-term support is described by the 23.6% Fib retracement level and is 2,570.96 EUR (3,038.96 USD). As in the shorter time windows, a resistance at the current all-time high is to be seen, if at all, but here too the bullish long-term forecast of the 161.8% Fib retracement level with regard to the development pursued since October last year on the 1D chart should be pointed out: This is 4,935.76 EUR (5,834.24 USD), almost the same as the aforementioned spike.

Since the turn of the year, the Bitcoin share price has already undergone some considerable price fluctuations - central banks and governments have also increasingly spoken out about the new technology since then.

Hardly a day goes by when somewhere in the world a government expresses itself to Bitcoin, Blockchain & Co. Sometimes they threaten to ban digital currencies, sometimes they present regulatory solutions and sometimes they want to work on possible integrations of blockchain technology.

Obviously, governments are gradually coming under pressure in some way to respond to the trend of the new Bitcoin & Blockchain technology.

Bitcoin formula is in no hurry

An important factor that nobody can deny at the moment is the progress in the Bitcoin formula ecosystem. Almost every day brings forth a new Bitcoin formula innovation or a new startup that is expected to attract the interest of those interested in Blockchain with great promises.

In view of the independence of the blockchain industry, some participants seem to underestimate the supposedly low interest of governments. At the same time, a system with the idea of a self-sufficient and self-sustaining community is forming. However, this philosophy seems to worry some governments and they are also trying to secure their place in the community.

How they try to get the desired attention is another issue. However, the examples of the United Arab Emirates (UAE) and Nigeria show that governments are coming under pressure and desperately trying to catch up.

The Bitcoin Prize is crucial

Crypto Consultant Chairman Jason Cassidy sees the Bitcoin course as the most important indicator of government interest.


"The price of Bitcoin and other digital currencies always attracts the interest of governments. In times of high volatility and price jumps, Bitcoin and Blockchain will always get on the radar of officials".

According to Cassidy, governments have slowly understood that we are on a very fast path to digital change - and that includes money. Bitcoin and Blockchain have become explosive issues

Bitcoin and Blockchain have become hot topics in recent years and the pressure on governments to adopt an attitude has become greater. The enforcement of the National Electronic Fraud Forum (NeFF) by the central bank in Nigeria has already shown us that governments have understood that technology is there and that it is impossible to imagine life without it.

In spite of the different reactions from governments around the world, one thing is unstoppable: The technology itself. It is moving - and it is moving very fast.

Since the number of Bitcoin is fixed, Bitcoin is a deflationary currency. Deflation means that the purchasing power of the individual monetary unit increases over time. The inflation rate in Bitcoin continues to decrease due to the decreasing coinbase. Initially, Bitcoin had high inflation because there was little Bitcoin in the ecosystem and with each new block 50 BTC were added.

There are now over 17 million Bitcoin and 12.5 BTC are added per block. Thus the inflation rate is below four percent per year. You can determine the annual inflation rate yourself. The formula is as follows: Annual inflation = (current coinbase reward x 6 x 24 x 365) / current money supply

Since the money supply increases slightly with each new block, this is not an exact inflation rate. But it's a good clue.

This Bitcoin secret is the two most common perspectives:

According to the British economist John Maynard Keynes deflation is bad for the Bitcoin secret. Read more on: The increasing purchasing power of monetary units encourages people and entrepreneurs to save money instead of consuming and investing.

According to the Austrian economist Ludwig von Mises, deflation is good for an economy because people cannot put off consumption forever. Furthermore, the supporters of the Austrian School are reining in the fact that deflation occurs in all stages of production and that the profit margins of entrepreneurs are not influenced. Deflation favours the "hoarding" - or saving - of capital and investment in long-term projects.

The Coinbase and the Bitcoin Price

The number of Bitcoins emitted by the Coinbase is not directly related to the purchasing power of a Bitcoin. While 50 BTC were distributed per block in 2009, nothing could be bought back then. With 12.5 BTC at the end of 2017, it looked quite different. So it may well be that the 6.25 BTC in 2020 have a higher purchasing power than the 12.5 BTC today.

The coinbase is primarily intended for liquidity and fair distribution of the monetary unit. While in many ICOs all tokens exist since the first hour and are only distributed, in Bitcoin there is a fair distribution of coins for miners that protect the network.

The maximum amount of money in Bitcoin is a constant. It could only be changed by a generally accepted hard fork.

In recent months, the headlines about the involvement of major financial and IT giants such as IBM, eBay and JPMorgan in patent applications in the Bitcoin industry have not been torn down. The latest patent application came from Colorado-based Western Union. According to a report, the company secured the rights to trade alternative currencies by filing a patent application on April 1. Apart from the sensational headlines, however, it is uncertain what effect these patent applications could have on the Bitcoin. The question as to whether the Bitcoin community should be pleased or concerned about such high profile patent applications remains unanswered.

Concerns for the crypto trader

A patent analyst and a Bitcoin enthusiast not only believe that this danger for the crypto trader is real, they even say the Bitcoin industry has to fight it. For this reason the founder of Cryptocurrency Defense Foundation (CDF) Reed Jessen tries to protect Bitcoin through strategic patent applications. "Our goal is to protect the new digital currencies from the repressive pressure of the patent system. We want to create a competition that is competitive in performance and not determined by state monopolies".

In general, the CDF wants to build a patent portfolio to protect and preserve the interests and economic ambitions of the Bitcoin community. Not least because already 65% of patent applications for digital currencies come from QUALCOMM and Visa. Jessen has taken a closer look at the latest patent applications from eBay, Gemalto and Western Union and analysed the potential impact on Bitcoin and other digital currencies.


Western Union

Jessen is of the opinion that Western Union has obtained exclusive rights for a trading platform that allows the user to exchange Fiat currencies for digital currencies with the last patent application. Even if the law is much tighter in its implementation.

The system protected by the Western Union can, for example, publish a list of all people who are about to buy Bitcoins for Fiat currencies. The seller can then decide for himself which person he wants to trade with. The patent also provides an "assessor" to evaluate the offer based on the amount. This assessor provides both parties with the result of the evaluation and the parties can decide on the basis of the trade scores whether the deal will be concluded or not. However, such patents have only a limited effect on the Bitcoin industry. So Jessen:

"With this patent, the Western Union has the exclusive right for 20 years to appoint an assessor, but not the right to exclude people from using a trading platform. So if a trading platform has no expert function, the patent has no effect."

When asked by Coindesk, the company answered very vaguely and did not explain the background of the patent application:

"Western Union generally does not provide any information on the background of patent applications. In addition, we will continue to explore new facets of money transfer."

Unlike the Western Union patent, the patent called "System and Method for Managing Digital Currency Transactions" has not yet been approved. However, it has caused quite a stir, not least because eBay has announced that it is actively considering integrating digital currencies.

The patent filed in December 2011 checks whether the customer is buying a product that overlaps with an already purchased product.

Jessen describes it as follows:

"For example, if you plan to buy the album "Abbey Road" from the Beatles on iTunes and you've already bought "Maxwell`s Silver Hammer" before, the system will recognize that you already own a song and sell the "Abbey Road" minus Maxwell`s Silver Hammer for a reduced price.

But the Bitcoin could become part of the system, he says:

"The patent on the digital currencies affects the digital currencies in so far as the refund can be made in a digital currency like airline miles or Bitcoins.

The patent application that has the greatest relation to the digital currencies is the patent application for an "anonymous transaction method between two parties with the right of revocation".

The patent was created in April 2008 and is similar to the blockchain. The system also uses a public key, but adds further anonymity features. Jessen says the patent could have an impact on blockchain alternatives:

"They're working on a crypto currency scheme that would

Former Microsoft boss Bill Gates yesterday answered questions from Reddit users. On the subject of crypto currencies, he wrote that their most important characteristic is their anonymity. This is a rare technology that has even led to the death of people via detours. The reactions to his statements at Reddit and in the social networks were accordingly critical.

The reactions at Reddit were very different

In his function as second chairman of the "Bill & Melinda Gates Foundation", the Microsoft founder yesterday asked himself the questions of Reddit users. The questions were about medical or economic issues and also how he evaluates his time at Microsoft in retrospect. However, attention was drawn to a completely different question, namely what he considered to be the topic of crypto currencies. Bill Gates replied that the most important characteristic of all crypto currencies is that they are anonymous. "I don't think that's a good thing," he added. This hinders the government from prosecuting crimes such as money laundering, tax evasion and terrorist financing. Currently, in his view, crypto currencies are mainly used to buy the narcotic fentanyl and other drugs online. Gates therefore regards crypto currencies as a rare technology that is said to have even led to deaths in these ways - whereby he describes the causal connection as "fairly direct". He also warns against investing in ICOs or crypto currencies because they are basically "super risky".

Some users pointed out to the founder of the Redmond software company that Microsoft Windows can be just as helpful for dealers and terrorists as the use of crypto currencies. If you just wanted to, you could transfer that to pretty much anything. Someone wrote: "Terrorists breathe air. Shouldn't that be prevented?" The danger potential of tennis shoes should not be underestimated either, joked one Reddit user. Other commentators believe that Gates is only concerned with the loss of control of central banks and governments. In contrast to conventional paper money, decentralised digital currencies cannot be controlled from above.

Gates' opinion is inconsistent

In October 2014, Gates told Bloomberg TV that he considered the Bitcoin to be "exciting" and better than any conventional currency. Even if you don't have physical control over the coins, you can easily carry out transactions to distant countries. But even then he criticized the pseudo-anonymous transactions that are possible with the Bitcoin. The joint foundation of his wife and him was working on their own digital currency. Gates added, however, that this would not make anonymous transfers possible. So far, nothing has been seen of the announced Gates Coin. In 2015, the foundation invested 100,000 US dollars in Ghana to set up a mobile payment platform called Bitsoko, which would enable inexpensive transactions and purchases via Bitcoin in Africa. This may be welcome. But it also shows quite clearly how little uniform Gates is set on the subject of crypto currencies.