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COIN CITADEL (OTCMKTS:CCTL) has recently announced the installation of its first bitcoin ATM. The one of a kind ATM has been installed at the California headquarters of Crowd Gather Inc. Genesis coin was the provider of the Satoshi 1 crypto-currency, which was used in the machine. The CEO of CCTL, Bill Schaefer, expressed his delight at the announcement. He also pointed out that Crowd Gather is a famous social media and gaming firm in the Los Angeles area.

The newly installed ATM would be able to sell bitcoins to consumers from Coin Citadel. From here onwards, CCTL plans to expand business activities targeting various bitcoin developer firms and startups. Pretty soon we might see a network of bitcoin ATMs, just like cash ones. The news has been a most welcoming one for investors, who flocked towards CCTL and helped with its rise. Before the announcement, CCTL had been quite for a very long time resulting in a severe loss of value to the company stock.

This is the first announcement by CCTL after months of silence, now the company just needs to complete its MTB filings to gain a license for official distribution. The CEO, however, hinted that the company might also be planning to restart its online exchange platform, Bitcoiner 7. CCTL had also been busy in the collection of bitcoin assets, such as hard drives with inaccessible bitcoins. The company hopes that the new platform and planned ATM network will start to play a central role in the bitcoin industry. At the same time, CCTL is trying to position itself in a way that would result in substantial growth in the coming weeks.

CCTL is a fairly new player in the cryptocurrency industry, but its recent moves are proof enough for shareholders that it is destined for huge success. At the moment, however, the company is still in its developmental stages.

COIN CITADEL (OTCMKTS:CCTL) closed the June 12 session after trading 104.3 million shares and registering a rise of 9.09% to close at $0.0012.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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