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Security Breach at Bitcoin ATM Maker: General Bytes Closes Cloud Service Amid Vulnerability – Here's What Happened
20.3.2023
Major Bitcoin ATM manufacturer General Bytes has experienced a security breach that led to $1.5 million worth of BTC stolen from a number of its crypto ATM operators.
In a recent blog post, General Byes founder Karel Kyovsky said that a hacker was able to upload their own Java application onto...
Bitcoin ATM maker shuts cloud service after user hot wallets compromised
20.3.2023
Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
19.3.2023
General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators...
UK Widens Crackdown on Unauthorized Crypto ATMs
9.3.2023
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted. FCA Cracks...
Today in Crypto: Nansen Launches Query on Google Cloud, Coinme Adds 22,000 ATMs to Cash Network, Mysten Labs Signs MOU with Alibaba Cloud, NFTs Not (Yet) Securities in Germany
8.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Nansen Launches Query on Google Cloud, Coinme Adds 22,000 ATMs to Cash Network, Mysten Labs Signs MOU with...
Bybit introduces Mastercard-powered debit card days after halting USD transfers
6.3.2023
Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings
Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service
6.3.2023
52 crypto kiosks were seized in the investigation led by the U.S. Secret Service's Cyber Fraud and Money Laundering Task Force
Bitcoin ATM decline: Over 400 machines went off the grid under 60 days
1.3.2023
For more than a year, between December 2020 to January 2022, more than 1000 crypto and Bitcoin ATMs were being installed every month
Bitcoin Depot converts BTC ATMs to software to reduce operating costs
28.2.2023
The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees
UK Law Enforcement and Regulators Join Forces to Dismantle Illegal Crypto ATMs
15.2.2023
UK authorities have raided several properties around Leeds suspected of hosting illegally operated cryptocurrency automatic teller machines (ATMs).
The UK’s Financial Conduct Authority (FCA), as well as West Yorkshire Police’s Digital Intelligence Unit, were involved in the raids, which...
UK Police Raid Crypto ATM Sites — Regulator Says No Crypto ATMs Have Been Approved
15.2.2023
Police in the U.K., in collaboration with the Financial Conduct Authority (FCA), have raided several sites allegedly hosting cryptocurrency ATMs. “No crypto ATM operators currently have FCA registration,” the British financial regulator stressed, adding that it is “working with...
Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs Investigated by Law Firm, Bitget to Collaborate on CBDCs
14.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: UK Goes After Unregistered Crypto ATM Operators, S. Korea Watching the Ripple-SEC Battle, Silvergate Execs...
UK FCA to take action against unregistered, illegal cryptocurrency ATMs
14.2.2023
According to FCA, all crypto ATM operators in the United Kingdom are currently illegal because none of them is registered with the regulator
Major Crypto ATM Operator Coin Cloud Files for Bankruptcy
9.2.2023
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files...
Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis
8.2.2023
The company was in “hyper-growth” in January 2022, now it has over 5,000 creditors and debts over $100 million; bankrupt Genesis is its largest creditor
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study
8.2.2023
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities...
UK native stablecoin integrates into 18,000 ATMs nationwide
31.1.2023
Brits can now withdraw physical cash for GBPT, a one-for-one pound sterling stablecoin, as well as other cryptos at ATMs in the United Kingdom
Australia ranks 3rd in crypto ATM installations after US and Canada
25.1.2023
Australia now enjoys 234 crypto ATMs, which puts her in the third spot globally after the United States and Canada
Less than 100 Bitcoin ATMs added worldwide in the second half of 2022: Data
9.1.2023
Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network
US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year
6.1.2023
The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any other country, while Australia tops the chart...