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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...
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
19.7.2023
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”
UK Regulator Targets Unlawful Crypto ATMs in Joint Operation
12.7.2023
The UK's financial watchdog and four other law enforcement agencies recently inspected another 18 crypto ATM sites, "disrupting" 26 machines across the nation.
The Financial Conduct Authority (FCA) stated on Tuesday that the sites "suspected" of operating crypto ATMs were inspected in May and June...
UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites
11.7.2023
The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against operators of unregistered crypto teller machines....
UK FCA shuts down 26 crypto ATMs following coordinated investigation
11.7.2023
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017
Today in Crypto: BIS Presents Seven-Point Plan to Prevent CBDC Cyber Attacks, Multiple Scam Warnings Are Issued, Preliminary Hearing for Terraform Co-Founder Daniel Shin Held on Monday
10.7.2023
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: BIS Presents Seven-Point Plan to Prevent CBDC Cyber Attacks, Multiple Scam Warnings Are Issued...
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...
Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3
1.7.2023
The special purpose acquisition company deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot’s common stock
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
Net Bitcoin ATMs record an increase after 4 months of global downtrend
3.6.2023
In the first four months of 2023, the net crypto ATMs worldwide declined by 5,850. In May, however, 1,397 machines were added back to the global crypto ATM network
Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America
23.5.2023
According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution,...
Bitcoin of America to halt operating unlicensed crypto ATMs in Connecticut
23.5.2023
The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state
UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs
5.5.2023
The FCA's actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators
UK Regulator Descends Upon Illegal Crypto ATMs in Latest Raid
5.5.2023
The UK’s financial regulator, along with local police, descended upon illegally operated cryptocurrency automatic teller machines (ATMs) as part of a continued crackdown.
The Financial Conduct Authority inspected sites in Exeter, Nottingham and Sheffield to stop the illegal activity, the regulator...
Australia installs more Bitcoin ATMs than whole of Asia
19.4.2023
Asia, which includes major economies such as China, Japan, Singapore and India, hosts 355 crypto machines, representing 1% of the total crypto ATMs installed worldwide
Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador
7.4.2023
According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing...
Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March
2.4.2023
According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According...
More than 3600 Bitcoin ATMs went offline to record largest monthly decline
1.4.2023
With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of 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...