The United Kingdom Financial Conduct Authority (FCA) continued its crackdown on illegal Bitcoin automated teller machines (ATMs) this week, announcing it had inspected several sites in East London sus...
Tag: ATM
UK announces second crypto ATM crackdown this month
The UK’s financial watchdog today announced its second crackdown on crypto ATMs in less than a month. The joint operation with the Metropolitan Police will see regulators seize and confiscate unregist...
Prosecutors Accuse 50 Unlicensed Bitcoin ATM Kiosks For Aiding Crypto Scams
Many crypto enthusiasts believe the growing trend of Bitcoin ATMs will drive more adoption, given the ease of access. But Bloomberg reported last year that the crypto winter affected Bitcoin ATMs. Whi...
Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service
A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams. S&P S...
Bitcoin ATM: installations at the minimum
Bitcoin and cryptocurrency ATMs have seen a decline in installations of more than 1,000 ATMs globally in these early months of 2023. Bitcoin ATM: installations decline in 2023 According to CoinATMRada...
Man Gets 5 Years Supervised Probation For Vandalizing Bitcoin ATM
He retrieved a revolver from his pocket and fired five shots into the system. This Monday he entered a guilty plea in Cole County for first-degree property damage. Jefferson City, Missouri native, 51-...
Missouri Citizen Sentenced to 5 Years of Probation After Shooting a Bitcoin ATM: Report
Matthew Klinger – a 51-year-old Jefferson City, Missouri resident – received five years of supervised probation after admitting to shooting a bitcoin ATM with a handgun. It remains unclear whether the...
UK’s FCA Cracks Down on Unregulated Crypto ATM Operators ⋆ ZyCrypto
Advertisement     UK’s financial regulator, the Financial Conduct Authority (FCA), has cracked down on suspects whom it alleges were operating illegal crypto ATMs arou...
UK: against unregistered Bitcoin ATM
In recent years, the use of Bitcoin ATMs has increased in the United Kingdom. These ATMs allow people to buy and sell Bitcoin and other cryptocurrencies using cash. While Bitcoin ATMs can be a conveni...
UK Police Raid Crypto ATM Sites — Regulator Says No Crypto ATMs Have Been Approved – Regulation Bitcoin News
Police in the U.K., in collaboration with the Financial Conduct Authority (FCA), have raided several sites allegedly hosting cryptocurrency ATMs. “No crypto ATM operators currently have FCA registrati...
FCA Targets Illegal Crypto ATM Operators in UK
The U.K. Financial Conduct Authority (FCA) has taken action against unregistered crypto ATMs as the country works to regulate crypto assets. The United Kingdom is on a mission to become a global crypt...
All Crypto ATM Firms in UK Are Illegal, Says FCA
It hasn’t been up to two months since Elliptic, a blockchain analytics firm, published a report detailing its prediction for crypto regulations this year. The firm said 2023 would see increased sancti...
Major Crypto ATM Operator Coin Cloud Files for Bankruptcy – Featured Bitcoin News
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 ...
Crypto ATM Provider Coin Cloud Files for Chapter 11 Bankruptcy
Crypto ATM provider Coin Cloud has filed for chapter 11 bankruptcy. Coin Cloud was one of the first major movers in the crypto ATM space, having been launched in 2014 by current CEO Chris McAlary. It ...
Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis
Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines in the United States and Brazil, has filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Neva...
Leading Global Bitcoin ATM Provider Coin Cloud Files For Bankruptcy
Coin Cloud, one of the largest Bitcoin ATM operators in the US and Brazil, filed for bankruptcy this January 8, leaving nearly $500 million in liabilities. The crypto winter and the collapse of major ...
Capital of Bosnia and Herzegovina gets its first Bitcoin ATM despite lack of regulation
Although the country’s official stance on the cryptocurrency industry is still unknown, and a bill is yet to be drafted to regulate it, the capital of Bosnia and Herzegovina has recently received its ...
Bitcoin Premium Hits 60% Due to Nigerian ATM Withdrawal Limits
Nigerian Central Bank pushes its citizens to digitalized cash. ATM withdrawals had daily limits of 20,000 NGN ($43.50) to 100,000 NGN ($217). This led to Bitcoin Premium hitting 60%, approximately $38...
Bitcoin premium hits 60% in Nigeria as country limits ATM cash withdrawals
The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above global market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, ...
Australia Breaks Into Top 3 Nations for Crypto ATM
In spite of the bear market and the record-low dynamics of new Bitcoin ATM installations throughout the globe, Australia has broken into the top three countries internationally in terms of the number ...
Australia ranks 3rd in crypto ATM installations after US and Canada
Despite the bear market and the record-low dynamics of new Bitcoin ATM installations around the world, Australia breaks into the top three nations globally by the number of crypto ATMs. It was only in...
Australia ranks third for crypto ATM installations
Per recent updates, Australia now ranks third in crypto installations worldwide, having 234 cryptocurrency ATMs. After installing 16 new machines this first month of the year, the nation only tails th...
Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders
Miami, Florida, 24th January, 2023, Chainwire Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers...
Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders – Cryptopolitan
Miami, Florida, 24th January, 2023, Chainwire Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers...
Crypto ATM installation slowed in the second half of 2022
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 mach...
Bitcoin ATM installations flatline as crypto winter bites
The growth of new bitcoin ATMs globally has essentially flatlined, with little progress since July 2022 — when bitcoin collapsed from all-time highs and fell as low as $23,000. The number of bit...
Lightning Network gets physical form in Australia with Bitcoin ATM
The Australian city of Coolangatta has gotten its first Bitcoin ATM with integrated Lightning Network capabilities. The new ATM has been installed at The Strand shopping center in Coolangatta and is n...
Australia installs bitcoin Lightning Network ATM
After surpassing El Salvador as the fourth-largest bitcoin ATM hub, Australia installed a bitcoin ATM with built-in Lightning Network capabilities in Coolangatta. Given its layer-2 capabilities, a Lig...
Australia Becomes Crypto ATM Hub, Overtakes El Salvador
Australia has overtaken El Salvador to become the fourth-largest ATM hub. Australia recorded a total of 216 crypto ATM installations going into 2023. El Salvador, the first country in the world to ado...
Australia is now the fourth-largest crypto ATM hub in the world
According to information provided by CoinATMRadar, an internet analytics company that keeps track of the total number of cryptocurrency ATMs all over the world, Australia has surpassed El Salvador to ...