First bitcoin embassy opens in United States

Posted: 27 February 2018 2:49 pm

The Atlanta Bitcoin Embassy offers tailored crypto services, such as wallet recovery and training seminars.

The Atlanta Bitcoin Embassy, a central organizing hub offering numerous cryptocurrency-related services, has had its soft opening in the US state of Georgia, with tentative plans to officially launch in April this year.

The embassy was established by American Institute for Economic Research (AIER) editorial director Jeffrey Tucker. The idea to create this type of institution came to Tucker following a trip to Tel Aviv, Israel.

I got to [Tel Aviv] and knew of ten thousand things I should see in Israel, but my honest reflection drew me inexorably to the Bitcoin Embassy that I found from googling. It is across from the Tel Aviv stock exchange. It is not a fancy place. What makes it magical is the intelligence there and the ethos. A hugely diverse crowd is always coming and going, some experienced crypto people and lots of newbies. The atmosphere of teaching, sharing, and mutual inspiration is constant.

Jeffrey Tucker in a recent interview with

Tucker, a self-confessed enthusiast, organized the first crypto conference in the US, aside from bitcoin’s core development team events. The Crypto-Currency Conference he lead was held in Atlanta during October 2013.

The embassy aims to be a facilitator and platform for teaching, training, and networking on the topics of bitcoin, cryptocurrencies, cryptoassets, and blockchain technologies, according to the organization’s website.

Many people at the embassy are volunteers. The Atlanta Bitcoin Embassy also offers tailored cryptocurrency services, such as dedicated wallet recovery and specific training seminars on how to properly use virtual exchanges, cold storage, digital wallets, as well as opportunities for social and professional networking.

The embassy is located in a co-working space in Midtown Atlanta, the city’s second largest business district. Atlanta is home to a proactive crypto community. There are numerous bitcoin ATMs scattered throughout the capital, regular cryptocurrency meetups and payment processor BitPay has headquarters in nearby Alpharetta.

“Anyone can visit as a guest but the space has to let you in with minimal registration at the front desk,” Tucker said. “That makes sense to me. WeWork [co-working space] also has all the essential infrastructure: coffee, sofas, screens, parking, 24/7 access, and plenty of wine and beer for late night hangouts.”

The median transaction fee for bitcoin trades slipped to a 10-month low of $0.52 last week, after peaking at an all-time high of $34.09 in late December last year, according to the latest cryptocurrency fees charts.

Should you or shouldn’t you buy the latest cryptocurrency or token? This is one of the most common questions posed to one of the leading officials at the United States’ Securities and Exchange Commission (SEC). SEC office of investor education and advocacy director Lori Schock decided to answer these queries in an informal post published via the United States regulator’s online consumer investment resource

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Latest cryptocurrency news

Picture: Shutterstock

Ask an Expert provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site