Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking First Annual Decline
Crypto automated teller machines (ATMs) have skilled a decline this yr, marking the primary downturn since October 2013, with the overall depend dipping from 39,350...
Crypto ATMs Vanish at Rapid Rate in 2023, Data Highlights Downward Trend Peaked in July
2023 has marked a notable decline within the variety of crypto automated teller machines worldwide, plunging to ranges not seen since November 2021. Data from...
Iowa Resident Scammed of $6,600 in Bitcoin ATM Scheme, Police Launch Investigation
On July 7, 2023, a Clive, Iowa resident fell sufferer to a scammer posing as a Polk County sheriff’s deputy, who coerced the person into...
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study
According to the findings of a examine by Recap, the crypto asset administration agency, the Nigerian metropolis of Lagos is ranked among the many world’s...
US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year
The variety of ATMs supporting digital currencies has fallen around the globe over the course of a turbulent 12 months for the entire business. According...
Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year
New information has proven that as many as 6,100 crypto and bitcoin automated teller machines had been put in within the first eleven months of...
Bitcoin ATMs Increase in Number in Moscow, Russia
The variety of bitcoin ATMs has been on the rise in Russia’s capital and the remainder of the nation, a press report revealed this week....
Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals
A bitcoin ATM operator has been indicted in New York for operating an unlawful enterprise “marketed in direction of people engaged in felony exercise.” The...
Tracker Shows Close to three,000 Crypto ATMs Were Installed in 2022’s First Quarter
During the final 12 months, there’s been an exponential variety of cryptocurrency automated teller machines (ATMs) put in as information exhibits that 20,000 crypto ATMs...
US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam
The U.S. Federal Trade Commission (FTC) has warned shoppers about scams involving cryptocurrency ATMs. “There’s a brand new spin on scammers asking folks to pay...