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Bitcoin ATM Vulnerability Fixed: Hackers Could Have Gained ‘Full Control’
25.1.2024
Bitcoin ATM maker Lamassu Industries has successfully addressed a vulnerability that could have granted hackers “full control” over its Bitcoin ATM machines. The flaw came to light when a team of ethical hackers from security firm IOActive attempted to compromise Lamassu’s Bitcoin...
Bitcoin ATMs See First Decline in a Decade with 11% Drop
2.1.2024
Source: Adobe / Petr For the first time in a decade, the number of installed Bitcoin ATMs worldwide fell in 2023. According to data from Coin ATM Radar, the number of installed Bitcoin ATMs in the world fell 11%, from 37,827 on January 1, 2023, to 33,622 on the same date in 2024. In...
Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking First Annual Decline
31.12.2023
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 decommissioned, constituting a 14.56% decrease from the peak...
South Korea’s Biggest Supermarket Says Next-gen ATMs May Be Crypto Compatible
7.12.2023
Source: CravenA/Adobe Emart, South Korea’s largest retailer and supermarket chain, says its new next-generation ATMs could soon feature crypto and security token offering (STO) trading functions. The First reported that Emart’s convenience store brand Emart24 has installed new “digital ATMs” at...
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
Russians Will Be Able to ‘Withdraw’ Digital Rubles as Cash at ATMs
9.11.2023
Source: motortion/Adobe A major Russian bank has created a solution that lets digital ruble holders perform real-time “withdrawal”-type cash conversions at ATMs. Per Izvestia, VTB Bank has developed a solution that lets CBDC holders instantly convert their digital rubles to banknotes at any of...
Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador
8.11.2023
Source: Pixabay / Michael Wuensch Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region. In a Nov 7 press release, the company revealed it has enabled the technology...
Crypto ATM Expansion Continues with Bitgamo Set to Install 90 More in 2024
8.11.2023
Source: AdobeStock / l_martinez Crypto ATMs are continuing to expand globally with over 32,500 installed so far, Financial Times reported. Crypto ATMs allow everyday individuals to convert traditional fiat money into cryptocurrencies and vice versa, offering a level of convenience akin to standard...
Crypto ATMs Vanish at Rapid Rate in 2023, Data Highlights Downward Trend Peaked in July
24.10.2023
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 vanishing from the industry. The Ebb and Flow of Crypto...
California bill aims to cap crypto ATM withdrawals at $1,000 per day to combat scams
23.10.2023
A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000
Global Bitcoin ATM Numbers Sink to Lowest Level Since 2021
19.10.2023
Since the end of last year, the number installed has dropped 7,000, or 17%
Crypto Exchange Bitgamo to Open 75 Crypto ATMs in Europe Next Year
11.9.2023
Bitgamo, a Luxemburg-based emerging crypto to fiat exchange, has announced that it would establish 75 cryptocurrency ATMs across Europe in 2024, promising the best rate in the market....
Read More: Crypto Exchange Bitgamo to Open 75 Crypto ATMs in Europe Next Year
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
31.8.2023
The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment
CEO of World's Largest Bitcoin ATM Operator Sees Industry Ripe for Consolidation
10.8.2023
Brandon Mintz, CEO and founder of Bitcoin Depot, the world’s largest bitcoin ATM company, says his company, which currently has about 20% market share, is in a position to gobble up competitors
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...
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 Regulator Ramped Up Campaign Against Crypto ATMs in May and June
11.7.2023
The financial watchdog conducted inspections in conjunction with the South West Regional Organized Crime Unit and the police forces of Greater London, Bedfordshire and Hertfordshire
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
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...