This Virginia-Based Bank Is Letting Customers Buy Bitcoin at the ATM

Virginia's first Bitcoin ATM! Today, the first Bitcoin ATM in Virginia launched. The ATM is owned by BlockBox, a company which provides Bitcoin services. According to Coin ATM Radar, the ATM converts fiat to bitcoin, with a 4% fee. The ATM is in Sterling Mower, a mower company, located at 22005 Shaw Rd, Sterling, VA 20164. With this ATM, Virginia joins the club of states in America to have a Bitcoin ATM. Less than two weeks ago, Pennsylvania got its first ATM. Virginia's ATM is a Lamassu machine, so it is small compared to most other Bitcoin ATMs. In images, it is resting on top of a stool....

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services. The United States Senate unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services:“A bank may provide its customers with virtual currency....

Tangible Cryptography, LLC announced last night (UTC + 5) on bitcointalk.org that it had suspended operation of its bitcoin sales site, FastCash4Bitcoins.com. In the announcement, which was mirrored on FastCash4Bitcoins, the company cited communication they received from the Commonwealth (State) of Virginia on Friday, 31 May, as cause for the shutdown, which occurred the same day. According to Tangible Cryptography, a complaint had been received by the Commonwealth of Virginia State Corporation Commission alleging that the company had been acting as an "unlicensed money transmitter." This....

Security is a key element of importance when it comes to storing funds. Regardless of whether a user keeps funds in their bank account, in cash, on their mobile device or in Bitcoin, without top notch security, there is always a threat of someone stealing money from them. Dutch bank ING thinks they have found the solution to making PC banking more secure, by letting customers use their voice to access their bank accounts. Improving bank security is not an easy task, as many systems have been tried, altered and redesigned over the past few years. To this very date, most customers accessPC....

A German-based bank called Fidor Bank recently set up shop in the United Kingdom, prompting speculations that it might start offering its bitcoin services there as well. Fidor Bank is known for being more open to new developments in the digital age and was recognized by the World Economic Forum as a "Global Growth Company" back in 2014, five years after its establishment in 2009. "Traditional banks do not reflect their customers' needs in the digital age," indicated a statement on the Fidor Bank UK website. "Customer requirements are not being met by traditional banks because of lack of....