The number of bitcoin ATMs installed throughout the world has exceeded 10,000, and the United States continue to lead the rest of the world in crypto ATMs with 76% of machines installed.

A report from the European Central Bank (ECB) has called for the term “stablecoin,” used to refer to cryptocurrencies pegged to the value of fiat currencies, should be reconsidered because of its ambiguity.

Cryptocurrency exchange Zebpay has launched a campaign with ads featuring bitcoin during the Indian Premier League cricket games. Users reported the ads appeared on Indian streaming platform Disney+ Hotstar during a series of matches directing users to learn about bitcoin.

Sponsored: Only 6 days left to swap NUT/EQ tokens! Users can get the maximum bonus by swapping over 5,000 NUT. Only 32% of the EQ token allocation remains available.

Top stories in the Crypto Roundup today:

• There Are Now Over 10,000 Bitcoin ATMs Throughout the World
• European Central Bank Says Term ‘Stablecoin’ Is Ambiguous
• Bitcoin-Related Ads Appear on Disney+ In Some Regions
• Sponsored: Only 1 Week Left to Get a Lucrative NUT/EQ Swap Rate!

There Are Now Over 10,000 Bitcoin ATMs Throughout the World

The number of bitcoin ATMs installed throughout the world has exceeded 10,000, and the United States continue to lead the rest of the world in crypto ATMs with 76% of machines installed.

According to CoinATMRadar, the first Bitcoin ATM was installed back in 2013 and in seven years the industry grew to over 10,000 machines installed. In comparison, it reports bank ATMs needed nine years to get to 10,000 machines back in the 1970s.

The firm’s data suggests it took crypto ATMs 3.5 years to grow to 1,000, and that over the next 3.5 years the number surged by 9,000 to hit five-figure territory. The first bitcoin ATM was installed in Vancouver.

In 2014, the first Bitcoin ATM was installed in the U.S., in Albuquerque, New Mexico, and since then most crypto ATMs have been installed in the country. By 2015, there were only 300 Bitcoin ATMs throughout the world, being installed by small organizations trying to bolster crypto adoption.

Bitcoin was initially dominating crypto ATMs, as only 4% of machines supported altcoins. In 2017, however, the BTC network’s congestion saw users start using other cryptos, and ATM operators added them to their machines.

European Central Bank Says Term ‘Stablecoin’ Is Ambiguous

A report from the European Central Bank (ECB) has called for the term “stablecoin,” used to refer to cryptocurrencies pegged to the value of fiat currencies, should be reconsidered because of its ambiguity.

The 30-page report draws a distinction between stablecoins and existing currencies, defining stablecoins by a few characteristics based on the purposes they serve. They serve as a cryptoasset, a new payment method, and an alternative store of value.

Per the report, stablecoins are digital units of value and not a form of any currency. They rely on tools to decrease price fluctuations against existing government-issued currencies. While the term stablecoin is seen as having various benefits, it could make false promises of stability to consumers.

To the ECB, using the term stablecoin could be perceived to “have positive connotations in terms of stablecoins’ intrinsic stability and usability as a form of money.”

Bitcoin-Related Ads Appear on Disney+ In Some Regions

Cryptocurrency exchange Zebpay has launched a campaign with ads featuring bitcoin during the Indian Premier League cricket games. Users reported the ads appeared on Indian streaming platform Disney+ Hotstar during a series of matches directing users to learn about bitcoin.

Over 462 million people reportedly watched the Indian Premier League games last year, with over 300 million tuning in using the Disney+ Hotstar platform. The bitcoin ads are appearing shortly after Zebpay reopened in the country.

The exchange reopened before the Reserve Bank of India (RBI), the country’s central bank, lifted a two-year ban stopping financial institutions from offering banking services to businesses dealing with cryptocurrencies.

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Only 1 Week Left to Get a Lucrative NUT/EQ Swap Rate!

Only 6 days left to swap NUT/EQ tokens! Users can get the maximum bonus by swapping over 5,000 NUT. Only 32% of the EQ token allocation remains available.

Equilibrium is the first money market to be built on Polkadot bringing true cross-chain interoperability to the DeFi space. Its innovation is to combine pooled lending with synthetic asset generation and trading in a one-stop-shop for DeFi users.

68% of EQ tokens allocated for the token swap have already been secured and the swap is filling steadily. Both retail NUT holders, as well as venture funds, have participated in the Equilibrium token swap. Among them are Taureon, Signal Ventures, YBB Foundation, PNYX Ventures, and others.

There is still a great opportunity for users who swap > 5,000 NUT to receive the maximum bonus.

Importance of Equilibrium’s new EQ utility token: The missing link

DeFi’s potential has not yet been reached, on the contrary, the currently fragmented market needs to be enabled and connected to reach its potential. For that, blockchains must be truly interoperable.

That is exactly what Equilibrium is achieving with its expansion, building on Polkadot’s technology, and its new product line. On Equilibrium, users will be able to pool and trade multiple assets from any other major blockchain in one convenient place, on one interface, thus achieving maximum liquidity. Its system stability and liquidity will be ensured by a foolproof 3-layered risk management system that proactively solves bad debt, avoids the risk of forced auctions in adverse markets, and thus prevents the kind of situation experienced by MakerDao this Spring.

Advantages of the swap for token holders

NUT will continue to be used for Equilibrium’s initial product line on the EOS blockchain, and there is no obligation to trade in your NUT if you prefer not to. However, NUT will not be usable for the governance or products in Equilibrium’s expanded scope that is cross-chain interoperable. Since this expansion is so promising and fills the key missing link to unlocking the DeFi market’s full potential, the chances are high that holding EQ tokens will pay off. The swap rate is 1 NUT: 75 EQ rate (~$0.3 per 1 EQ) Check the swapping details here.

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