ATMs have become increasingly popular as a convenient way to buy and sell bitcoin without the need for an exchange platform.

These machines are similar to traditional ATMs but instead of dispensing cash from your bank account, they allow you to purchase bitcoin using cash or a debit card, and in some cases, sell bitcoin for cash.

This guide will walk you through the process and explains how to use Bitcoin ATMs.

What is a Bitcoin ATM?

A Bitcoin ATM is a kiosk that allows users to buy bitcoin using cash or a debit card. Some of them also allow you to sell bitcoin for cash.

These machines are usually found in convenience stores, malls, or other public places, making…

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South Korea’s National Pension Service (NPS), the third-largest pension fund globally by assets, has expanded its stake in the crypto market by purchasing $33.7 million worth of MicroStrategy shares in the second quarter of this year. This strategic move comes as NPS continues to increase its indirect exposure to bitcoin.

The pension fund’s recent report to the U.S. Securities and Exchange Commission (SEC) revealed the acquisition of 24,500 MicroStrategy shares. This follows NPS’s earlier investment in Coinbase, where it held 229,807 shares valued at approximately $51 million by the end of June.

MicroStrategy, known as the largest corporate holder of bitcoin with 226,500 BTC, remains a significant player in the crypto space. The SEC’s recent approval of the first leveraged exchange-traded fund targeting MicroStrategy highlights the growing institutional interest in bitcoin, aligning with NPS’s strategic investments.

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The Dubai Court of First Instance has set a groundbreaking precedent by validating cryptocurrency as a legitimate form of salary payment under employment contracts. This decision, part of case number 1739 of 2024, marks a significant shift from the court’s previous stance, where crypto-based salary claims were rejected due to unclear valuation. The court now acknowledges the evolving role of digital currencies in the UAE’s legal and economic systems.

Irina Heaver, a partner at NeosLegal, highlighted that this ruling reflects a progressive approach toward integrating digital currencies into everyday financial transactions. The case involved an employee whose contract stipulated payment in both fiat currency and EcoWatt tokens. The court ruled in favor of the employee, enforcing the crypto payment as per the contract terms, without requiring conversion to fiat.

This decision is seen as a major step forward in the UAE’s push to become a leader in the digital economy, reinforcing the legal recognition of cryptocurrency in employment agreements.

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Tron network has outperformed Ethereum in revenue over the past 90 days, generating approximately $435 million in fees compared to Ethereum’s $364 million, as reported by Token Terminal. Tron founder Justin Sun emphasized the network’s remarkable 30-day performance, noting that Tron’s revenue exceeded Ethereum’s by 50%. Sun is optimistic, suggesting that if the trend continues, Tron’s protocol revenue could surpass $2 billion this year, positioning it as the most profitable blockchain globally.

Additionally, Tron’s transaction settlements surged to around $1.25 trillion in the second quarter of 2024, nearly one-third of Visa’s total settlement volume. This massive growth further solidifies Tron’s role as a major player in the blockchain space.

Looking ahead, Tron is working on launching a gasless stablecoin for its own network and Ethereum, with plans to expand to other EVM-compatible blockchains. This innovation could revolutionize stablecoin transactions, making them more accessible and cost-effective for various use cases.

The daily net flow of Bitcoin ETFs in the U.S. on August 15, 2024, reveals significant movements within the market. Leading the activity, BlackRock’s IBIT ETF experienced a net inflow of 46 BTC, solidifying its position with a substantial total of 348,609 BTC held. In stark contrast, Grayscale’s GBTC saw a significant net outflow of 480 BTC, reducing its holdings to 231,853 BTC.

Other noteworthy movements include Fidelity’s FBTC, which reported a net outflow of 306 BTC, and Invesco Galaxy’s BTCO with a decrease of 420 BTC. Meanwhile, Franklin Templeton’s EZBC ETF bucked the trend with a net inflow of 58 BTC.

In sum, the day concluded with a net outflow of 1,315 BTC across these ETFs, leaving the combined holdings at 906,634 BTC, valued at roughly $53.9 billion. This snapshot underscores the volatile nature of Bitcoin investments within the ETF space, reflecting varied levels of investor confidence and strategic repositioning in the market.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Chainlink, a leading blockchain oracle network, has announced the availability of its entire product suite on Base, the Ethereum layer-2 network incubated by Coinbase. This integration includes Data Streams and Verifiable Random Function (VRF) products, providing developers with advanced tools to build next-generation decentralized applications.

Base’s Head of Product, Tom Vieira, expressed excitement about the integration, emphasizing that it equips developers with the necessary infrastructure to innovate within the DeFi space. The inclusion of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Price Feeds further strengthens Base’s platform, enabling high-throughput DeFi products with fast, secure execution.

Base has quickly become a prominent player in the Ethereum layer-2 ecosystem, processing over 4 million transactions in a single day. The addition of Chainlink’s cutting-edge solutions is expected to accelerate this growth, offering a robust and efficient environment for DeFi developers.

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