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Are Bitcoin (BTC) ATMs a menace?
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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…
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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,…
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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…
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Bitcoin
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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…
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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…
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2023 saw a significant decline in crypto ATMs, with more than 5,700 units discontinued.
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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…
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Bitcoin
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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.
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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.
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Bitcoin
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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…
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Bitcoin
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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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