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US lawmakers urge top crypto ATM operators to tackle fraud
16.9.2024
Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans
Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns
15.9.2024
Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin...
CFTC partners up to warn on crypto pig butchering scams
12.9.2024
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
6.9.2024
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older...
Over 600 Bitcoin ATMs went offline globally in 2 months
5.9.2024
Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020: FTC
4.9.2024
As Bitcoin ATM scams surge, particularly targeting older adults, the FTC and industry leaders stress the importance of caution and preventive measures
Crypto ATMs surge 17X in Australia amid concerns over use by bad actors
30.8.2024
The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime
New NCR Atleos/LibertyX feature converts BTC to cash at US ATMs
29.8.2024
Users of the LibertyX ATMs can send BTC to a LibertyX address and receive fiat for their crypto at ATMs in 30 states
German BaFin regulator cracks down on crypto ATMs
20.8.2024
According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States
Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe
14.7.2024
North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying...
Bitcoin ATM network shrinks by 334 machines in 40 days
5.7.2024
Global Bitcoin ATM network shrinks by 334 machines in under 40 days, with the US and Europe seeing the most significant reductions
Cop intercepts $40,000 Bitcoin ATM scam by Chase Bank impersonator
20.6.2024
The officer intervened during the Bitcoin ATM deposit, preventing the victim from depositing more funds to the machine
Global Bitcoin ATM Numbers Fall, Ending 10-Month Growth Streak
21.5.2024
For the first time since July 2023, the number of active Bitcoin ATMs worldwide has decreased following US ATM shutdowns.
The post Global Bitcoin ATM Numbers Fall, Ending 10-Month Growth Streak appeared first on Cryptonews
Largest U.S. Crypto ATM Firm Reports No Impact on Revenues Despite Bitcoin Price Volatility
16.4.2024
Even during extreme volatility in Bitcoin prices, Bitcoin Depot's revenues remained steady and unaffected.
The post Largest U.S. Crypto ATM Firm Reports No Impact on Revenues Despite Bitcoin Price Volatility appeared first on Cryptonews
Bitcoin ATM Operator Expects Resurgence as FOMO Drives Bitcoin Price Higher
29.3.2024
Brandon Mintz, CEO of Bitcoin ATM operator Bitcoin Depot, predicts a global surge in Bitcoin ATM installations following the Bitcoin halving.
The post Bitcoin ATM Operator Expects Resurgence as FOMO Drives Bitcoin Price Higher appeared first on Cryptonews
Bitcoin Adoption Soars: In-Person Vendors Accepting Bitcoin Triple in 2023
8.1.2024
Source: DALL·E The landscape of cryptocurrency usage is rapidly changing, with over 6,000 in-person vendors across the globe now accepting Bitcoin. According to BTC Map, the up-to-date number of merchants accepting Bitcoin holds steadily above 6,000, currently at 6,332 as of Jan. 8. In the past...
Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking First Annual Decline
31.12.2023
Crypto automated teller machines (ATMs) have experienced a decline this year, marking the first downturn since October 2013, with the total count dipping from 39,350 to the present 33,620. Approximately 5,730 cryptocurrency ATMs have been decommissioned, constituting a 14.56% decrease from the peak...
Bitcoin ATM Users in Argentina Can Now Use Lightning Network
17.11.2023
Source: Birdland/Adobe Bitcoin ATM users in Argentina can now use the Bitcoin (BTC) Lightning Network, following similar developments earlier this month in El Salvador. The project is the brainchild of the crypto ATM operator Athena Bitcoin, which launched Lightning Network integration in...
Hacking Group Allegedly Steals Sensitive Data of 70,000 Customers from Bankrupt Bitcoin ATM Firm Coin Cloud
13.11.2023
Source: iStock / welcomia An unidentified hacking group has purportedly claimed responsibility for a significant security breach targeting Coin Cloud, a Bitcoin ATM operator that once boasted over 4,000 machines in the U.S. and Brazil before filing for bankruptcy in February 2023. The group asserts...
Crypto ATM Expansion Continues with Bitgamo Set to Install 90 More in 2024
8.11.2023
Source: AdobeStock / l_martinez Crypto ATMs are continuing to expand globally with over 32,500 installed so far, Financial Times reported. Crypto ATMs allow everyday individuals to convert traditional fiat money into cryptocurrencies and vice versa, offering a level of convenience akin to standard...