Monthly Bitcoin ATM additions in Australia hit 29-month streak
[Dec 29, 2024 1:15 PM] Australia has a total of 1,359 Bitcoin ATMs, which is about 3.5% of all crypto ATMs in the world.
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US Bitcoin ATM operator reports data breach of 58K customers
[Dec 12, 2024 12:20 PM] Byte Federal, operator of 1,300 Bitcoin ATMs in the US, urged its customers to reset login credentials following a massive data breach.
US lawmakers urge top crypto ATM operators to tackle fraud
[Sep 16, 2024 6:03 AM] Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans.
Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns
[Sep 14, 2024 10:30 PM] Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency…
CFTC partners up to warn on crypto pig butchering scams
[Sep 12, 2024 1:29 AM] Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam.
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
[Sep 6, 2024 2:30 AM] The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve…
Crypto ATMs surge 17X in Australia amid concerns over use by bad actors
[Aug 30, 2024 2:50 AM] The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.
New NCR Atleos/LibertyX feature converts BTC to cash at US ATMs
[Aug 29, 2024 9:52 PM] Users of the LibertyX ATMs can send BTC to a LibertyX address and receive fiat for their crypto at ATMs in 30 states.
German BaFin regulator cracks down on crypto ATMs
[Aug 20, 2024 6:12 PM] According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States.
Cop intercepts $40K Bitcoin ATM scam by Chase Bank impersonator
[Jun 20, 2024 1:41 AM] The officer intervened during the Bitcoin ATM deposit, preventing the victim from depositing more funds into the machine.
Changing Regulatory Dynamics For Bitcoin ATMs
[Feb 14, 2024 8:00 AM] In the ever-evolving landscape of Bitcoin, changes can be hard to keep up with. As we enter into a new year, it’s important to be mindful that significant industry shifts and expansions will likely occur.The increase in regulatory measures we’ve…
Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking First Annual Decline
[Dec 31, 2023 2:30 PM] 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…
Crypto ATMs Vanish at Rapid Rate in 2023, Data Highlights Downward Trend Peaked in July
[Oct 24, 2023 4:00 AM] 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…
AB 39 & SB 401: An Analysis Of Pending California Legislation For Bitcoin Exchanges
[Oct 12, 2023 7:30 AM] In the heart of Sacramento, a quiet drama unfolds. As California’s legislative session concludes, two pivotal crypto regulatory bills, AB 39 and SB 401, stand on the cusp of becoming state law. These developments carry profound implications for the…
Bitcoin ATM Company ByteFederal Officially Launches In Australia
[Aug 23, 2023 4:29 PM] Bitcoin ATM network company ByteFederal Australia has officially launched in Australia, according to a press release shared with Bitcoin Magazine. "The launch of ByteFederal Australia marks an exciting milestone in our mission to…
Bitcoin Depot Q2 revenue jumps 18% y/y as it plans ATM adds after NASDAQ listing
[Aug 15, 2023 3:32 AM] Bitcoin Depot records $197.5 million in revenue in the second quarter for 2023 spurred on by partnerships with various American retail stores.
Iowa Resident Scammed of $6,600 in Bitcoin ATM Scheme, Police Launch Investigation
[Jul 9, 2023 10:30 PM] 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…
Crypto ATM Installations Decrease By Over 5,000 In 2023 – Here’s Why
[Apr 2, 2023 5:35 AM] The year 2023 has been quite eventful for the crypto industry, with several positives and negatives. In the latest development, Bitcoin and crypto ATM installations have dropped by more than 5,000 units in 2023 based on data from Coin ATM Radar…
Bitcoin ATM maker to refund customers impacted by zero-day hack
[Mar 27, 2023 10:57 PM] 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.
Bitcoin ATM maker shuts cloud service after user hot wallets compromised
[Mar 19, 2023 9:59 PM] Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets.
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study
[Feb 8, 2023 5:30 AM] According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda…
World’s Largest Bitcoin ATM Software Platform Acquired By Bitstop Founders
[Jan 24, 2023 9:00 AM] Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew…
US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year
[Jan 6, 2023 6:30 AM] The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any…
Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year
[Nov 24, 2022 5:00 AM] New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows…