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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...
Immutable Eliminates Fees in zkEVM Gaming Solution + More News
14.12.2023
Source: Immutable Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Immutable Eliminates Fees in Next-Gen zkEVM Gaming Solution Lufthansa Loyalty Program Onboards New Partners Via Blockchain...
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...
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
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...
El Salvador Bitcoin ATM network to receive Lightning Network upgrade
8.11.2023
Athena Bitcoin plans to integrate the Lightning Network into 100 of its machines in the next couple of months
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...
Crypto ATMs Vanish at Rapid Rate in 2023, Data Highlights Downward Trend Peaked in July
24.10.2023
2023 has marked a notable decline in the number of crypto automated teller machines worldwide, plunging to levels not seen since November 2021. Data from coinatmradar.com reveal that July witnessed the steepest fall, with 4,123 crypto ATMs vanishing from the industry. The Ebb and Flow of Crypto...
Bitcoin ATM Scams On The Rise, Leaving Victims Defrauded of Thousands of Dollars
23.10.2023
Bitcoin (BTC) ATM scams are becoming increasingly prevalent, resulting in unsuspecting users losing substantial sums of money.
In a recent such incident, Jim Meduri of San Jose received a phone call from an individual posing as his son, who claimed that he had been involved in a car accident...
Global Bitcoin ATM Numbers Sink to Lowest Level Since 2021
19.10.2023
Since the end of last year, the number installed has dropped 7,000, or 17%
Bitcoin Depot Q2 revenue jumps 18% y/y as it plans ATM adds after NASDAQ listing
15.8.2023
Bitcoin Depot records $197.5 million in revenue in the second quarter for 2023 spurred on by partnerships with various American retail stores
CEO of World's Largest Bitcoin ATM Operator Sees Industry Ripe for Consolidation
10.8.2023
Brandon Mintz, CEO and founder of Bitcoin Depot, the world’s largest bitcoin ATM company, says his company, which currently has about 20% market share, is in a position to gobble up competitors
Tiny Bitcoin ATM Firm Plans to Fight Giant Swiss Regulator in David vs Goliath Battle
31.7.2023
Global Crypto ATM Resurgence: Net Growth Rebounds After Initial 2023 Slump
26.7.2023
In the wake of over 5,000 crypto ATMs being taken out of service during the initial four months of 2023, the past four months have witnessed a resurgence in global crypto ATM installations. Crypto ATM Landscape Rebounds After Downturn Ever since the debut of the first bitcoin ATM in Vancouver...
Iowa Resident Scammed of $6,600 in Bitcoin ATM Scheme, Police Launch Investigation
10.7.2023
On July 7, 2023, a Clive, Iowa resident fell victim to a scammer posing as a Polk County sheriff’s deputy, who coerced the individual into depositing $6,600 into a bitcoin automated teller machine (ATM). The Clive Police Department insists that the scammers utilized cryptocurrencies due...
Anonymous Bitcoin ATMs: Disruptive ‘Shitcoins․club’ Sets the Fee to 0% and KYC to €99999999
5.7.2023
PRESS RELEASE. In a world stifled by bureaucracy and conformity, anonymous Bitcoin ATM operator Shitcoins.club stands as a beacon of rebellion and disruptive technology. Their CEO, a visionary with a penchant for challenging norms, declared, “We’re here to break the mould and disrupt...
Economics of Bitcoin ATM market could hinder wider adoption
7.6.2023
Bitcoin of America’s shutdown in Connecticut highlights the obstacles for companies operating crypto ATMs
Bitcoin ATM maker to refund customers impacted by zero-day hack
28.3.2023
General Bytes has implemented several measures in the wake of the hack, including offering to reimburse its cloud-hosted customers and adding new security measures
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...