Day: May 28, 2018

One of the largest Bitcoin ATM manufacturers in the world, General Bytes, has recently installed ten new cryptocurrency ATMs throughout the Prague subway in the Czech Republic. Now commuters riding the Prague Metro can purchase digital assets at various locations spread out across the fifth busiest metro system in Europe.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

General Bytes Installs Ten Bitcoin ATMs Across the Prague Metro

The Czech Republic-based firm General Bytes has revealed the installation of ten new cryptocurrency ATMs spread out across the Prague Metro. The subway gets more than 1.6 million people in daily foot traffic and is one of the busiest metro systems in Europe. The General Bytes machines are located at Můstek, Nádraží Veleslavín, Dejvická, Florenc, Černý Most, Zličín, Pankrác, Flora, Skalka, and Hlavní Nádraží. Moreover, General Bytes provides a detailed map and description of each location on the website.

The new machines will likely get some use in the region as Prague is considered a booming cryptocurrency hub,  as the area is filled with quite a lot of crypto-enthusiasts. For instance, the area is home to the Crypto Anarchy Institute, Paralelní Polis, and a few cryptocurrency businesses including the ATM manufacturer General Bytes.

General Bytes Has Manufactured 27% of the World’s Bitcoin ATMs

The Czech government is relatively friendly towards cryptocurrencies and politicians haven’t regulated virtual currencies or defined them as a currency or commodity like other nation states. However, the subject is being discussed among tax officials and the Czech National Bank wrote a paper last year called “Don’t be Afraid of Bitcoin.” Last year the well known online retailer, Alza, added cryptocurrency payments and installed two Bitcoin ATMs in the company’s showroom. Just three days ago one of the largest energy suppliers in the Czech Republic, Pražská Plynárenská, announced it was accepting BTC for payments.    

With the ten new machines, the Czech Republic will now have a total of 46 Cryptocurrency ATMs and 27 of those devices are located in Prague. A large majority of the cryptocurrency automated tellers in the region are manufactured by General Bytes. On the General Bytes site where they announce the newly added Prague Metro machines there’s also a video explaining how to use the BATM 2 automated tellers. According to Coinatmradar out of the 3,122 cryptocurrency ATMs, General Bytes now has 858 worldwide.

What do you think about General Bytes installing ten cryptocurrency ATMs throughout the Prague Metro? Let us know in the comments below. 

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Images via the General Bytes website, and Coinatmradar.

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Chinese crypto media firms are boycotting a blockchain event after the organizer used a Chairman Mao imitator to fire up the audience.

Key Highlights

• ADA price remains in a major downtrend below the $0.2000 and $0.2200 resistance levels against the US Dollar (tethered).
• There was a break below a major declining channel with support at $0.1820 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
• The pair remains at a risk of more declines as long as it is below $0.2100 in the near term.

Cardano price is under huge selling pressure against the US Dollar and Bitcoin. ADA/USD is likely to accelerate declines below $0.1750.

Cardano Price Analysis

There was a key consolidation above the $0.1900 support level in ADA price against the US Dollar. The price traded in a range for many sessions with a bullish angle towards $0.2100. However, the price was not able to gain momentum above the $0.2050 and $0.2100 resistance levels. Moreover, there was also no close above $0.2100 and the 100 hourly simple moving average.

As a result, there was a sharp downside move from $0.2050. Sellers took control and pushed the price below the $0.2000 and $0.1900 support levels. Moreover, there was a break below a major declining channel with support at $0.1820 on the hourly chart of the ADA/USD pair. The pair declined and traded close to the $0.1750 level. A low was formed at $0.1782 with an initial resistance near the 23.6% Fib retracement level of the last decline from the $0.2045 high to $0.1782 low. Above the $0.1850 level, there are many hurdles for buyers near $0.1950.

The chart indicates that if the price corrects higher, the $0.1950 level and the 100 hourly SMA are likely to prevent gains. A close above $0.2000 is needed to decrease the current selling pressure. On the downside, a break below the $0.1750 support level is very likely.

Hourly MACD – The MACD for ADA/USD is gaining pace in the bearish zone.

Hourly RSI – The RSI for ADA/USD has almost reached the oversold levels.

Major Support Level – $0.1750

Major Resistance Level – $0.2000

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