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Olumide Osunkoya has been sentenced to four years in prison for illegally operating cryptocurrency automated teller machines in the United Kingdom. The 46-year-old faced charges related to running crypto ATMs through his company, GidiPlus, with machines installed at multiple locations…
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Illinois Senator Dick Durbin has introduced new legislation aimed at reducing fraud at cryptocurrency ATMs, a growing concern for law enforcement agencies. The Crypto ATM Fraud Prevention Act would impose transaction limits and require additional consumer protections to prevent scams…
Follow-up
Bitcoin ATMs are popping up worldwide, with their numbers jumping 6% in 2024, showing how crypto is becoming more mainstream. The number of Bitcoin ATMs keeps growing, making it easier for people to buy and sell cryptocurrencies. Recent reports show…
BTC
Bitcoin
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Australia, with the world’s most significant number of crypto ATMs, seeks advice from an international organization on implementing crypto taxation. The Organization of Economic Cooperations and Development (OECD), which has invented taxation on digital assets framework, was asked by the…
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The global crypto ATM market, worth $87.35 million in 2023, is expected to grow at an average rate of 45.7% per year, reaching $2.58 billion by 2032. The global crypto ATM market, valued at $87.35 million in 2023, is expected…
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A London trader has pleaded not guilty to operating an illegal crypto ATM business and laundering $395,000 in criminal cash. Habibur Rahman, a crypto trader from East Ham, London, has pleaded not guilty to charges related to operating an illegal…
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Ohio’s new fraud investigations unit recovered $130,000 lost in a crypto scam targeting a Worthington senior, marking its first success since being established. Ohio’s newly formed Electronic Fraud Investigations unit has succeeded in recovering $130,000 lost in a crypto scam…
BTC
Bitcoin
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Olumide Osunkoya has pleaded guilty to five offenses related to running an illegal network of crypto ATMs across the UK, making it the country’s first conviction of its kind. Osunkoya’s conviction marks the UK’s first case against unregistered crypto ATM…
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CoinFlip has partnered with prominent convenience store chain Yesway to deploy cryptocurrency ATMs across its shops in the United States. CoinFlip announced on Sept. 12 the deployment of its digital currency kiosks, commonly referred to as “bitcoin ATMs,” to 45…
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The FCA has charged a London man for illegally operating multiple crypto ATMs without registration, processing millions in transactions. The U.K.’s Financial Conduct Authority has charged a London man, Olumide Osunkoya, with unlawfully operating crypto ATMs without the necessary registration,…
BTC
Bitcoin
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German authorities confiscated 13 crypto ATMs and seized nearly $28 million in cash across 35 locations. It’s been quite the summer for Germany and crypto. German authorities have faced criticism for their negative stance on crypto after selling seized Bitcoin…
BTC
Bitcoin
News
Cryptonica has reached a significant milestone by successfully handling 10 million transactions every week. Cryptonica has a network of 6,000 ATMs spanning 22 countries, making it easier to access digital assets. Transactions from these ATMs show that 62% involve Bitcoin…
Learn
Curious about what is a Bitcoin ATM? Learn about these electronic kiosks that let you buy or sell Bitcoin and other cryptocurrencies. Recently, the popularity and mainstream acceptability of Bitcoin (BTC) have been growing, especially given the Jan. 10 approval…
News
2023 saw a significant decline in crypto ATMs, with more than 5,700 units discontinued.
News
Hackers are said to have gained access to such private data as SSNs, emails, and phone numbers for more than 300,000 customers of Coin Cloud. An unknown cybercriminal (or a group of hackers) has reportedly gained unauthorized access to personal…
BTC
Bitcoin
Feature
Bitcoin (BTC) ATMs have become both a convenience and a concern, with scammers exploiting unsuspecting victims. Authorities in the U.S. and other jurisdictions are now waging war against crypto ATM-based scams.
BTC
Bitcoin
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McLennan County authorities have resolved a lawsuit with Lux Vending's Bitcoin Depot over the incorrect seizure of $15,000 from a Bitcoin ATM following an elderly woman's scam incident.
BTC
Bitcoin
News
WonderFi has announced a strategic partnership between its subsidiary, Bitbuy Technologies Inc., and Localcoin, the largest Bitcoin ATM provider in Canada. Under this partnership, Bitbuy’s digital asset services will now cover up to half of the Bitcoin ATMs in the...
BTC
Bitcoin
News
Bitcoin Depot, a prominent bitcoin ATM operator, has successfully launched on the Nasdaq stock exchange, becoming the first US company in the bitcoin ATM industry to go public.
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Bitcoin of America has agreed to a settlement deal with the Department of Banking to refund the four customers who lost tens of thousands through the crypto kiosks. In a recent statement from the Banking Commissioner in Connecticut, Jorge Perez,...
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Using its powers under money laundering regulations, the UK Financial Conduct Authority (FCA) has raided crypto ATMs suspected of being illegally operated across England
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Currently hosting 370 locations, Australia has surpassed Asia’s total number of crypto ATMs and now ranks third globally.
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General Bytes, a manufacturer of bitcoin ATMs, has closed down its cloud services due to the discovery of a security flaw that enabled hackers to access users' hot wallets and acquire confidential data.
News
In their most recent move to disrupt unlicensed enterprises in the cryptocurrency industry, the British authorities have set their sights on cryptocurrency ATMs.
News
Bitcoin Depot upgrades 7,000 crypto ATMs to software-based service, eliminating yearly software license costs and cutting expenses. They also plan to go public in 2023.
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Cash Cloud has filed for Chapter 11 "reorganization" bankruptcy in the United States Bankruptcy Court in the District of Nevada.
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Per recent updates, Australia now ranks third in crypto installations worldwide, having 234 cryptocurrency ATMs.
News
The rate of new crypto ATM installations across the globe declined significantly in the latter half of 2022, with fewer than 100 machines coming online during the period. The total count of these machines also dipped slightly as the crypto...
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El Salvador has lost its position as the fourth-largest crypto ATM hub to Australia.
News
The total number of bitcoin (BTC) and crypto ATMs installed globally has increased to 38,597 as of Dec.30, an over 7k rise from the 32,627 crypto ATM installations recorded last year, according to Coin ATM Radar.
News
Amid the tumbling crypto market,Crypto ATMs installation drops by over 80 percent in 2022.
News
A North Texas woman has been charged with stealing $570,000 in Bitcoin after allegedly stealing passwords to access the cryptocurrency from a Dallas home. Texas Woman Arrested for Stealing $570K Worth in Bitcoin On September 6, Joann Vasquez, a 38-year-old...
