Der Bergbaugigant Bitmain investiert in die Krypto-Standardisierungsplattform

BitFuFuBitFuFu , die weltweit erste Standardisierungsplattform für Crypto Mining, hat offiziell bekannt gegeben, dass Bitmain , das größte Bergbauunternehmen der Welt, in dessen Plattform investiert hat. Die Mittel werden verwendet, um die Bemühungen beider Unternehmen um eine für beide Seiten vorteilhafte Zusammenarbeit und die Erleichterung der Weiterentwicklung des Bergbaus weiter zu unterstützen.

Nach Bekanntgabe der strategischen Partnerschaft erhielt BitFuFu offiziell eine Investitionsfinanzierung vom weltberühmten Bergbauunternehmen Bitmain

Bitmain und BitFuFu schließen sich zusammen, um auf zukünftige Märkte im Bergbau zu expandieren und Werkzeuge von beiden Seiten wie Bergbaumaschinen, Bergbauanlagen und Branchenexpertise vollständig zu integrieren.

Der Bergbaugigant war ein strategischer Partner von BitFuFu, und laut Unternehmensvertretern beabsichtigt Bitmain, die BitFuFu-Plattform weiterhin durch seine wertvollen Bergbauressourcen und -verbindungen zu unterstützen, einschließlich Bergbaumaschinen, Pools usw. BitFuFu und Bitmain wollen offen zusammenarbeiten einander, um langfristig gegenseitigen Nutzen zu erzielen und die Entwicklung des Crypto-Mining-Ökosystems weiter zu unterstützen.

Ein Unternehmensvertreter bei Bitmain sagte, dass die zukünftigen Ziele von Bitmain einen starken Schwerpunkt auf die Bereicherung der Cloud-Computing-Technologie und die Integration seiner Ressourcen legen. BitFuFu hat derzeit eine gemeinsame Anmeldefunktion mit Antpool eingeführt. Benutzer benötigen nur noch ein Plattformkonto, um auf beide Dienste zugreifen zu können, sodass nicht mehr mehrere Konten erstellt, angemeldet und verwaltet werden müssen. Dies verbessert die Benutzererfahrung und erhöht die Flexibilität für Kunden, über die BitFuFu-Plattform problemlos zwischen Cloud-Computing-Diensten und Mining zu wechseln. Dadurch können sich Kunden an die Marktbedingungen und -stimmungen anpassen.

BitFuFu wurde am 15. Dezember 2020 offiziell als das branchenweit erste Portal zur Standardisierung der Rechenleistung eingeführt. BitFuFu hält an den Idealen der Transparenz und der Standardisierung der Rechenleistung fest. Im Februar dieses Jahres hat die Plattform eine strategische Vereinbarung mit Bitmain getroffen und seitdem eine zuverlässige Versorgung mit Bergbauressourcen und Verbindungen zu den Partnerinstitutionen von Bitmain hergestellt.

Weitere Informationen zu BitFuFu und seiner Zusammenarbeit mit Bitmain finden Sie auf der offiziellen Website .

Über BitFuFu

BitFuFu ist die weltweit erste Plattform, die Benutzern mit standardisierten Mining-Hash-Raten Crypto-Mining-Dienste anbietet. Das Ziel von BitFuFu ist es, Benutzern den Zugriff auf Bitcoin zu geringeren Kosten zu ermöglichen. Durch die Zusammenarbeit mit Bitmain haben seine Hash-Rate-Produkte durch One-Click-Transaktionen einen erstklassigen Service erzielt, wodurch komplizierte Schritte wie die Auswahl geeigneter Mining- und Mining-Maschinen, die Wartung von Maschinen und die Verbindung von Mining-Pools vermieden wurden. Über die BitFuFu-Plattform können Kunden auf die weltweit führenden Bergleute wie Bitmain, Whatsminer, Innosilicon und internationale Bergbaubetriebe in Russland, den USA und China zugreifen.

Tether: no impact on Bitcoin price

Tether: no impact on Bitcoin price

Many people expected that Tether’s legal affairs could have an impact on the price of Bitcoin these days.

By 15 January 2021, iFinex was supposed to submit documentation regarding the case involving Tether’s holding company against New York Attorney General Letitia James.

First of all, it must be said that this case does not directly concern USDt or its actual financial hedging, but a matter Bitcoin Future related to a shortfall of 850 million dollars in Bitfinex’s accounts, which according to the prosecution was covered by a loan from Tether.

Given that the total value of USDt in circulation is now more than $24 billion, it was hard to imagine that the 15 January deadline would in any way affect Bitcoin, unless it was met.

iFinex’s lawyer, Stuart Hoegner, tweeted yesterday to confirm that the documentation has been filed, but not all of it.

We just filed this letter in the special proceeding in New York on behalf of all parties. AMA @bitfinex @Tether_to

– Stuart Hoegner (@bitcoinlawyer) January 19, 2021

According to the letter sent to Judge Cohen, who is handling the case, iFinex has largely completed the production of the required documentation, having produced „a substantial volume of material for the Office of the Attorney General“.

However, there is still some documentation to be submitted and iFinex is requesting a few more weeks to produce it.

They also undertake to contact the Court again within approximately 30 days to provide a final update on the status of the production of the documentation or to schedule a hearing with the Court to discuss any outstanding issues.

Moreover, the delivery of the documents requested by the Prosecutor does not mean anything in itself, unless the Court later finds evidence or indications of a crime in these documents.

Why Tether can affect the price of Bitcoin

Therefore, it is highly unlikely, barring any real twists and turns, that this matter could realistically have an impact on the price of bitcoin in the coming weeks, and it will all depend on the turn this case takes when the Court begins to examine the documentation.

According to some sources, any serious legal problems with Tether could hurt bitcoin because it is suspected that the creation of unhedged USDt is behind the rise in bitcoin’s price. To date, however, there appears to be no concrete evidence to support this hypothesis, and studies that have tried to support it in the past have proven to be fallacious.

Bitcoin is a bubble – Bank of America is lashing out at BTC

Bitcoin is gaining more and more supporters and recognition, but not across the board. The Bank of America wrote Bitcoin “blows the doors off prior bubbles” and thus strikes against the leading cryptocurrency.

Michael Hartnett, the chief investment strategist at Bank of America, found clear words about the current situation. As a result, a multitude of indicators created a “toxic brew in 2021”. The fact is, about $ 10 billion went into stocks, 29 billion into cash, and 1.5 billion into gold last week, according to the bank’s data. At the same time, Bitcoin’s market capitalization increased by around $ 133 billion, and the good people at Bank of America obviously don’t like that at all.

Even if it is not clear how much money actually went into Bitcoin Era platform, it was certainly a lot. GrayScale alone reported at the end of December that around half a billion dollars a week found their way into Bitcoin.

The narrative of Bitcoin as digital gold is paying off

Investors have withdrawn money from gold and invested in Bitcoin, as the digital currency obviously reacts much faster to the mass printing of money. Plus, it is increasingly adopted as a portfolio diversifier even by large companies after numerous studies concluded that Bitcoin increases risk-adjusted returns.

Instead of cash, BTC is now being held as reserves and that the banks and governments do not like this is understandable from their point of view. The blow against Bitcoin is therefore not surprising, but it puts the current development in the wrong light.

Without a doubt, the parabolic rise in the Bitcoin price can quickly be perceived as a bubble. However, the term “bubble” has negative connotations for many when it comes to investing. It implies that something is far beyond its real value and has constructed a house of cards that cannot help but collapse completely at some point. But it is not entirely correct and why I am going to explain to you now.

Why blistering is completely normal

Bitcoin is special in many ways. Above all, however, it is the market launch of the digital currency that sets it apart from what we otherwise know.

Startups such as Facebook or Google once were closed to the public in their early phase by virtue of the Securities Act 1933. That means that at this stage, where there is rapid growth and rapid appreciation, the company is not publicly traded and therefore has no price that we can all track the movement of.

However, it has a private price tag that is only accessible to well-heeled investors and banks. If this price were also shown publicly and constantly updated in real time through public trading, it would quickly become clear that the price developments of such companies also look like a huge, massive bubble. Only when the company has completed its parabolic price increase in this growth phase do early investors realize their immense profits in the form of an Initial Public Offering (IPO) in which they sell their shares to the public. So it was done on Facebook, Google, and every other public company.

So it’s not that Bitcoin is a bubble that eventually bursts and more or less disappears into nothing. Rather, it is the first time we are witnessing real, public pricing of an asset from the very beginning. We are in the phase in which the true value of the underlying valuable asset has yet to be found during its growth phase. It’s no different than with all the startups out there, only that in this case we can follow it without any problems and even have the freedom to get involved.

Bitcoin was publicly tossed on the open market with a starting price of $ 0. The market itself has decided that 1 BTC is currently worth around $ 40,000. Nobody else. The volatility, which shows in parabolic price increases and harsh corrections, only reflects the uncertainty of a free market about where the real value of the digital asset is currently to be applied. After all, that’s not that easy either, because something like Bitcoin has never been there before. So we lack accurate comparison values ​​that we can use. But Bitcoin is not a bubble that bursts and disappears at some point. On the contrary, because it is an unprecedented opportunity for the „little man“ and the „little woman“ to be there from the start and also to benefit from the parabolic growth phase. But clarifying about it is probably not in the interests of Bank of America. But in ours!

Data viser nesten 80% av Bitcoin Supply Illiquid

Bitcoin-prisen kan være i et lengre rally enn forventet, ettersom det meste av tilbudet holdes og ikke bytter hender.

Nye data utgitt viser at nesten 80% av Bitcoin i omløp holdes, ikke tilgjengelig for handel eller salg.

Ifølge Glassnode eies 78% av Bitcoin-tilbudet av illikvide enheter som lagrer kryptovalutaen sin og ikke selger. Analyseselskapet bemerket at beregningene som brukes til å beregne den potensielle likviditeten til Bitcoin Profit, tar hensyn til hvor mye gjenværende Bitcoin som fortsatt skal utvinnes, samt hvor mye Bitcoin som potensielt har gått tapt det siste tiåret.

Bitcoin hodling kultur: Bullish tegn

Hvis det er færre Bitcoin-tokens tilgjengelig for et bredere publikum, reduseres salgspresset ettersom flere investorer vil ønske å henge på kryptovalutaen sin. Dette kan ha et bullish resultat ettersom etterspørselen etter token øker, og etterspørselen etter kryptovalutaen vil også øke.

Siden tilbudet av Bitcoin er begrenset og gruvedrift gir mindre belønning etter at halveringen genererer mer Bitcoin for å tilfredsstille den økende etterspørselen, er vanskelig.

“Å kvantifisere Bitcoins likviditet er viktig for å forstå markedet. Hvis mange bitcoins er illikvide, oppstår en krise på tilbudssiden – som har en svekkende effekt på BTCs salgspress i markedet. Eller sagt annerledes: En vedvarende økning av illikvide bitcoins er en indikasjon på sterk følelse av investorhodling og et potensielt bullish signal. ”

Endringer i kryptovalutamarkedet

I løpet av det siste året har Bitcoin opplevd en massiv økning i interesse fra investorer og i pris. Dette har kommet som et resultat av global sikring mot økonomien som tok en voldsom pandemi.

En av de viktigste faktorene i økningen av Bitcoin har imidlertid blitt pekt på som den sterke følelsen når institusjonelle firmaer kjøper Bitcoin. De store hvalene og institusjonelle investorene, som Grayscale, MicroStrategy og Square, peker alle mot en ny bølge av Bitcoin-holdere.

Denne endringen innebærer en langsiktig holdestrategi snarere enn volatilitet i markedet. Hvis investorer holder for en sterkere eiendel langs linjen, kan endringene i berg-og dalbane-markedet Bitcoin har opplevd tidligere, ha stabilisert seg da Bitcoin trapper opp som et fristed.

Crypto goes Wall Street – Coinbase is about to go public

Coinbase has filed with the SEC in what would be the first major initial public offering by a crypto company.

Arguably the crypto industry’s most anticipated initial public offering has moved one step closer.

As crypto exchange Coinbase announced yesterday (Thursday), it has filed a corresponding application with the U.S. Securities and Exchange Commission (SEC) for a so-called „initial public offering“ (IPO). Thus, it writes:

„The S-1 filing will become effective once the SEC completes its review process, which is subject to market and other factors.“

According to the latest official valuation of 2018, Coinbase’s market value is $8 billion. The crypto exchange is one of the biggest players in the industry and is known for its close cooperation with regulators. Based on this, many observers believe it is likely that Coinbase will be the first major crypto company to be approved for an IPO.

However, since the content of the S-1 application is confidential, there is no further information about the crypto exchange’s application for now. After their announcement, Bitcoin Aussie System had fallen by a little more than 600 US dollars in the meantime, but this does not necessarily have to be related.

Coinbase has been eyeing an IPO for quite some time. But not only Coinbase itself, but the entire crypto industry is eagerly awaiting such an IPO, which would make a major crypto company tradable on Wall Street for the first time. So far, the U.S. Securities and Exchange Commission has mostly put a stop to such efforts. Mining hardware manufacturer Canaan Creative is the only notable crypto company that has managed an IPO so far. However, the associated security has not performed well so far, which makes hopes in Coinbase all the higher.

At press time, Coinbase has not yet responded to Cointelegraph’s inquiry.

IOTA Founder Speaks On Medium About Leaving The Foundation

The founder of IOTA, David Sønstebø, was removed from his post on December 10.

He published an article about it on December 26 on Medium.

In it, he says that the consequences of the separation were inevitable

IOTA founder David Sønstebø broke his silence on the issue of his departure on December 26.

Sønstebø posted a statement on Medium . In the post, he gave his side of the story about his departure from the Foundation and left public messages for the other members of the IOTA Foundation board.

Technically happy

For the public, IOTA was moving in a positive direction at the end of 2020. In December, the company formed a partnership on environmental sustainability solutions. On November 30, the platform announced its next-generation wallet, Firefly. Additionally, the IOTA 1.5 public test network, called Chrysalis , has been brought online. Behind the scenes, the tension was mounting.

The beginning of the end

The first official indication that something was wrong came in the form of a short article on the IOTA Foundation (IF) blog. In the message, the board of directors and the supervisory board said that their interests and those of Sønstebø had „diverged considerably“. They thanked him for creating the entity they were managing and wished him entrepreneurial success.

However, on December 12, an addendum appeared on the blog. The foundation reminded readers that “IOTA is not about one individual”. At the same time, the foundation highlighted the role that David Sønstebø played in the founding and the initial construction of the solution. They also wrote that his departure „changes absolutely nothing“ regarding the strategy and delivery of Chrysalis and Coordicide .

Answer by Sønstebø

On December 26, Sønstebø released his side of the story about his departure. He first explains that he remained silent at first for the release of Crypto Cash to continue.

Sønstebø claims that what prompted him to write his article was the inevitable mess created by the IOTA Foundation. His departure, he writes, could have been coordinated between him and IF in order to stifle discussions.

Rather than chronicling an ‚eye for an eye‘ style attack, Sønstebø highlights three salient elements of the development of the project that led to his departure. It focuses on the maturation of the project and the need for a separate CEO / COO. He then focused on finances (especially in 2020) and his repeated suggestion to liquidate the foundation in order to keep the IOTA project itself independent from the markets. He also points out that the liquidation suggestion was not due to financial problems at the IOTA Foundation. Finally, he describes a panicked board seeing a possible benefit – the creation of new services – eluding them. According to him, as the founder, they never had this possibility at the start.

Bitcoin hype continues: British investment firm invests USD 15 million in BTC

Bitcoin (BTC) will always stick to the Proof of Work algorithm. In the picture a Bitcoin on a circuit board.
The demand for Bitcoin from the institutional side has increased massively in the last few months. Now another company has come across Bitcoin and has invested.

Ruffer Investment Company, a London based investment management firm, has announced that it has invested 2.5% of its portfolio in Bitcoin.

Bitcoin as a hedge against inflation

Ruffer LLP’s fund says they have more than $ 620 million in assets under management. Accordingly, the invested sum corresponds to approximately 15 million USD.

We see this as a small but powerful insurance policy against the ongoing devaluation of the world’s major currencies.

Bitcoin diversifies the company’s (much larger) investments in gold and inflation-linked bonds, and acts as a hedge against some of the currency and market risks we see.

They took this move recently in November „after reducing the company’s exposure to gold,“ calling it „a primarily defensive move.“

That makes them one of the largest known UK institutional investors to have exposure to Bitcoin.

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Portfolio diversification with BTC

This announcement, made in a performance update and manager comment letter, says that the new allocation to the digital currency was made following a recent inclusion, a specialist manager appointed within the Ruffer Multi-Strategies Fund .

The name of the new specialist is not mentioned, but it could hint at a potential new strategy for the publicly traded investment management firm, which is one of the first to allocate Bitcoin in its portfolio.

This follows increased interest from institutional investors after numerous studies concluded that Bitcoin can act as a diversifier and hedge. This shows that the risk-adjusted portfolio returns increase with the addition of Bitcoin.

The interest of institutional investors is not diminishing. Almost every week there are reports from hedge funds, insurance companies and other companies that have now invested in Bitcoin.

It’s just the beginning of a long journey. Right now, all big investors are still pioneers and paving the way for big investments. If you want to keep up in the digital age, you can no longer ignore Bitcoin.

Cardano forbereder seg på å integrere tokenlåsing før vi introduserer smarte kontrakter

I et nylig blogginnlegg spredte IOHK-teamet ordet om den kommende store oppgraderingen for Goguen som vil tillate Cardano å implementere tokenlåsing før lanseringen av innfødte digitale eiendeler (annet enn ADA) og smarte kontrakter.

Token låsning på Cardano reskontro og smarte kontrakter å følge

Blogginnlegget sier at token locking er den neste protokolloppgraderingen teamet har til hensikt å utføre på Cardano blockchain, og dette vil være den neste store oppdateringen for Goguen.

Dette vil ta en liten teknisk oppdatering av konsensusprotokollen og vil tillate integrering av smarte kontrakter og opprette digitale eiendeler – bortsett fra ADA, som allerede kjører på Cardano – på hovedboken.

Dette vil også støtte stemmemekanismen og legge til en viktig styrefunksjonalitet (Voltaire).

Etter oppgraderingen vil brukere kunne reservere ADA og andre tokens som vil vises i fremtiden for avstemning, kjøring av smarte kontrakter og så videre, og brukere vil ikke kunne bruke disse tokens for å tjene penger.

Artikkelen sammenligner token locking med å holde aksjer og tjene utbytte på slutten av et år med mindre brukeren bestemmer seg for å selge disse aksjene tidligere og miste alt utbytte; poletter må låses i et helt år.

Token locking-funksjonen er nødvendig for å implementere komplekse smarte kontrakter, som kommer senere.

Introduksjon av tokenlåsing påvirker ikke ADA-holdere

Prosessen med å implementere token locking-funksjonen vil gå ubemerket for ADA-holdere, sier blogginnlegget. Daedalus og Yoroi lommebøker oppgraderes automatisk til den nye funksjonen, og dette krever ingen handling fra brukerne.

Imidlertid må alle Cardano-noder laste ned den oppdaterte versjonen av koden for å støtte tokenlåsing og for å oppnå enighet.

Etter at denne funksjonen er implementert på Cardano mainnet, vil harde gafler etter dette gi muligheter for å utstede digitale eiendeler og bruke smarte kontrakter.

Disse vil også fungere via token locking. Rettssakene begynner i desember, ifølge kilden.

Open Interest der BTC-Futures $1B erreicht

Daten zeigen, dass der Bitcoin-Preis Tage, nachdem das Open Interest der BTC-Futures $1B erreicht hat, fällt

Die Daten zeigen, dass Bitcoin ein Muster von scharfen Korrekturen aufweist, nachdem das offene Interesse an BTC-Futures $1 Milliarde überschritten hat.

Es gab eine Zeit, in der die Derivatebörse BitMEX souverän über andere Börsen herrschte, und das Unternehmen hielt bis Juli 2019 effektiv einen Marktanteil bei Bitcoin Profit von 50%. Aus diesem Grund behielten die Händler jeden Indikator, der mit BitMEX verbunden war, genau im Auge, einschließlich des Finanzierungssatzes, der offenen Zinsen und der Basis.

Das Open Interest misst die Gesamtzahl der von den Marktteilnehmern gehaltenen Kontrakte. Je höher die Zahl steigt, desto höher ist auch der potenzielle Umfang der Liquidationen. Am 2. August kam es zu einem Absturz von 1.400 Dollar, als Futures-Kontrakte im Wert von 1 Milliarde Dollar aufgrund unzureichender Margen zwangsweise geschlossen wurden.

Obwohl es keine magische Zahl gibt, neigen Händler dazu, wackelig zu werden, wenn sich das Open Interest der 1 Milliarde $ nähert, was ein Phänomen verursacht, das einige Händler als das BitMEX-Gespenst bezeichnen. Dies wurde in der zweiten Hälfte des Jahres 2019 deutlich, als es in sieben verschiedenen Fällen zu massiven Bitcoin-Preisabstürzen kam, als das Open Interest die 1 Milliarde $ überschritt.

Das wahrgenommene Risiko, das mit hohen offenen Zinsen verbunden ist, hängt davon ab, wie liquide der zugrunde liegende Vermögenswert ist. Während des dritten Quartals 2019 betrug das reguläre Volumen von Bitcoin an den Spot-Börsen durchschnittlich 2,4 Milliarden Dollar pro Tag. Somit schien ein einziger Kontrakt, der insgesamt 42 % des Bitcoin-Volumens ausmachte, groß genug zu sein.

Bitcoin-Preis vs. BitMEX Perpetual Open Interest

Wie das obige Schaubild zeigt, gibt es kaum Zweifel daran, dass die offenen Zinsen in der Nähe von 1 Milliarde USD mit den entsprechenden Preisabstürzen von Juli bis September zusammenfielen. Es ist erwähnenswert, dass eine beträchtliche Anzahl von Kontrakten im Spiel nicht als bullish oder bearish bezeichnet werden kann.
Die zweite Hälfte des Jahres 2019 war überwiegend bearish

Die zweite Hälfte des Jahres 2019 war für Kryptowährungen ziemlich hart, und wie sich die meisten Investoren erinnern werden, hat sogar Präsident Trump Bitcoin öffentlich geschlagen, wie Cointelegraph berichtet. All dies geschah, während der Finanzminister der Vereinigten Staaten, Steven Mnuchin, zusätzliche Regulierung und Aufsicht für den Sektor forderte.

Das obige Diagramm zeigt viel detaillierter, wie relevant der 40%ige Marktanteil von BitMEX damals war. Eine einzige Börse hielt ein offenes Interesse, das der Hälfte des täglichen Spotvolumens von Bitcoin entsprach.

Spätestens im Jahr 2020 wurde BitMEX von OKEx entthront, wo das gesamte offene Interesse an Futures mit unbefristeter Laufzeit und Festmonatsfutures am 25. Juli 1 Milliarde Dollar überstieg.

Die übrigen Anwärter steigerten ihren Anteil weiter, aber erst vor kurzem gelang es Chicago Mercantile Exchange (CME), Binance und Bybit, die psychologische Grenze von 1 Milliarde Dollar zu durchbrechen.

Der heutige Markt ähnelt 2019 marginal, aber mit weniger Risiko

Seltsamerweise geschah dies am 20. November, nur vier Tage vor dem 16%igen Absturz auf 16.334 Dollar. Die Summe der offenen Futures-Zinsen am Sept. 2019 belief sich auf insgesamt 3 Milliarden Dollar, um die Dinge zu relativieren. Diesmal gelang es vier Börsen, die 1-Milliarde-Dollar-Grenze zu durchbrechen.

Obwohl das Open Interest bei Futures auf 7,4 Milliarden Dollar anstieg, stieg auch das tägliche Durchschnittsvolumen an den regulären Spot-Börsen, wo die Zahl jetzt bei 3,5 Milliarden Dollar liegt. Anders als im Vorjahr dürfte also eine einzige Börse, die ein Open Interest von 1 Milliarde Dollar hält, nicht in der gleichen Weise für Aufsehen sorgen wie 2019.

The number of bitcoin ATMs in Switzerland is growing, particularly in hotels.

Currently, according to, there are 102 bitcoin ATMs in Switzerland, making it the sixth largest bitcoin ATM country in the world, behind the USA, Canada, UK, Austria and Spain alone.

Of these 25 are in the Zurich area, 18 in Geneva, 14 in Lausanne and 11 in Basel.

These numbers have been steadily increasing lately due to an increase in demand for cryptocurrency after the outbreak of the coronavirus crisis.

Among other things, The Dolder Grand has also started to accept Bitcoin Code in payment for overnight stays, food, drinks and spa treatments.

Many are using these machines in Switzerland for their first cryptocurrency purchase experience.

The curious thing is that there is an increase in particular in bitcoin ATMs located near hotels.

Bitcoin ATMs in hotels

The last Swiss hotel to announce the installation of a bitcoin ATM was The Dolder Grand in Zurich, whose ATM allows the purchase of four cryptocurrencies (BTC, ETH, BCH and LTC) and two fiat currencies (Swiss francs and euros) and the sale of BTC in Swiss francs.

But in addition to The Dolder Grand there are also other Swiss hotels that have installed an ATM crypto, including Hotel 46a, Parkhotel, Hôtel Régina, Hilton Zurich Airport and Hotel Hecht Gottlieben.

All of these hotels have chosen the service offered by Värdex Suisse, according to which the guests of these hotels actively take advantage of the opportunity to buy and sell crypto currency easily at ATMs.

The company is a regulated Swiss financial intermediary, owns the largest ATM crypto network in Switzerland, and was founded in 2017 as a spin-off of Bitcoin Suisse.

However, there are not only Värdex Suisse’s ATM cryptos in Switzerland, and the phenomenon is growing in a widespread manner throughout the country.

The service offered by these machines could be particularly useful for foreigners who want to acquire Swiss francs by buying them with bitcoin, or who want to change Swiss francs into crypto-currency before leaving Switzerland.