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Australia joins 1,000+ Bitcoin ATM club alongside US, Canada
24.4.2024
The United States hosted its first 1,000 crypto ATMs in November 2017, while Canada achieved the same in January 2021
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...
Australian Cash Use in Decline as 75% of Residents Now Seen as ‘Low Cash Users’
15.12.2023
On Dec. 12, Michele Bullock, the governor of the Reserve Bank of Australia, revealed that as much as 75% of Australians are now considered to be “low cash users.” Bullock also noted that the reduction in the use of cash for transactions is putting a strain on the cash distribution...
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...
South Korea’s Biggest Supermarket Says Next-gen ATMs May Be Crypto Compatible
7.12.2023
Source: CravenA/Adobe Emart, South Korea’s largest retailer and supermarket chain, says its new next-generation ATMs could soon feature crypto and security token offering (STO) trading functions. The First reported that Emart’s convenience store brand Emart24 has installed new “digital ATMs” at...
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...
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...
SBF claims innocence, contradicts other witnesses: Law Decoded
30.10.2023
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court
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...
California bill aims to cap crypto ATM withdrawals at $1,000 per day to combat scams
23.10.2023
A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000
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...
Bitbuy enters strategic partnership with Canadian crypto ATM firm Localcoin
18.9.2023
Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app
Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
15.9.2023
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: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
Hong Kong retains top crypto-ready position for two consecutive years
15.9.2023
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
31.8.2023
The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment