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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
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
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...
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...
Bitcoin ATM Operator Coin Cloud Files for Bankruptcy With Liabilities of $100M-$500M
8.2.2023
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Trading
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...
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...
Lightning Network gets physical form in Australia with Bitcoin ATM
3.1.2023
Lightning-enabled Bitcoin ATMs promise to offer instant transaction support and a significant cut in cost from traditional crypto ATMs
Australia Now Home to More Crypto ATMs Than El Salvador – How Does This Impact Adoption?
3.1.2023
The number of crypto ATM machines in Australia has hit new highs over the past four months, surpassing El Salvador, the country where bitcoin (BTC) is legal tender. What's more, two other countries overtook El Salvador: Spain and Poland.
Per Coinatmradar.com, the top 3 countries by the number...
Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year
24.11.2022
New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows that the United States, which has over 34,000 crypto...
9 years after the first Bitcoin ATM, there are now 38,804 globally
31.10.2022
From one Candian coffee shop to a worldwide network of nearly 39,000, crypto ATMs have turned nine years old and are only expected to continue growing
Bitcoin ATMs Increase in Number in Moscow, Russia
29.10.2022
The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More...
Bitcoin ATM operator RockItCoin acquires Tao Bitcoin
25.10.2022
The transaction included 56 machines from Tao Bitcoin — a regional operator in the south of the United States
Is US Bitcoin ATM Operator Going Public With $1 Billion Valuation a Loser?
22.9.2022
Bitcoin Depot is confident that its plan to go public at a $1 billion valuation through a special purpose acquisition company (SPAC) merger deal will be successful.
In an interview with Fortune, Brandon Mintz, CEO of the company that is currently the biggest operator of crypto ATMs globally, said...
The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000
8.8.2022
This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925% since then. Crypto ATM numbers saw exponential growth during...
Bitcoin of America’s Customer Service Is Advancing the Cryptocurrency Industry
14.7.2022
Popular BTM operator, Bitcoin of America, is changing the way we think about the cryptocurrency industry. Bitcoin of America is a virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They currently have 2,500 plus Bitcoin...
Bitcoin ATM installations record low in May, biggest drop since 2019
5.6.2022
Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling 89.75% from December 2021’s 1971 new installations
Bitcoin ATM installation slowdown continues for 4th month in 2022
2.5.2022
The evident reduction in the installations of crypto ATMs could result from the regulators' hesitance to adopt the Bitcoin ecosystem
Bitcoin ATM installed in Mexico's Senate Building
28.4.2022
Senator and outspoken crypto proponent Indira Kempis shared her excitement at the development on Twitter, stating that "for freedom, inclusion and financial education in Mexico."