Cryptocurrency Atm
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Crypto ATMs See Twice as Many Illicit Activities as Overall Industry: TRM Labs
A report by blockchain intelligence firm TRM Labs claims that the rate of illicit activities around crypto ATMs is double of what the entire ecosystem usually witnesses. In 2023, illicit volumes in the cash-to-crypto industry stood at 1.2 percent of total volume, double the 0.63 percent for the overall crypto ecosystem.
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Over 1,000 Crypto ATM Machines Now Active in Australia: Report
The number of crypto ATM machines in Australia currently stands at the mark of 1,007. In the last four months, crypto market valuation rose close to the capitalisation of $3 trillion (roughly Rs. 2,50,00,650 crore). This bull run for the sector could be considered as a reason behind the rise in the number of crypto ATM machines globally.
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Cryptocurrency Worth $930,000 Seized by CBI From Ahmedabad-Based Man Who Allegedly Defrauded US Citizen
The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company's fraud department, officials said.
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Indian Man Accused Of Cheating US Citizen, Cryptocurrency Worth Rs 7.7 crore Seized
He allegedly convinced the victim that his account on Amazon was being accessed by unscrupulous elements, and that his social security was being used from four different states to open accounts on the e-commerce platform.
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UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
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UK Police Crack Down on Crypto ATMs, Regulators Deny Granting Approvals
The Financial Conduct Authority (FCA) of the UK has directed the law enforcement agencies there to spot crypto ATMs and disable them with immediate effect. The FCA claims that no crypto ATM installer has, so far, reached out for permissions and hence their operations in the UK are completely illegal.
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US’ Largest Crypto ATM Installer Coin Cloud Files for Bankruptcy: Details
Coin Cloud, the crypto ATM installer that had claimed to be US’ largest player in the arena last year, has filed for bankruptcy. Genesis Global Trading is Coin Cloud’s largest creditor to which it owes over $100 million (roughly Rs. 825 crore) over an uncollaterised loan.
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BTC ATM Installations Dramatically Sunk to Record Low in Last Six Months: CoinATMRadar
Only 94 BTC ATM machines were installed in different parts of the world between July 2022 and January 2023. The US, Australia, Canada, and Spain registered an elevated interest in Bitcoin machines. El Salvador, which legitimised Bitcoin as a legal tender in 2021, has notably lost its top spot in the BTC ATM rankings.
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Nigeria Rallies on Promoting CBDC Use, Bans Monthly ATM Withdrawals Over $225
The Nigerian government has now banned weekly ATM withdrawals over $225 (roughly Rs. 18,565), aiming to promote the use of its CBDC among its citizens. The eNaira was launched on October 25. The CBDC garnered over 840,000 downloads in over 270,000 active wallets within the first few weeks of its launch.
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Bitcoin ATM Growth Drops Amid Market Slowdown, Nearly 800 BTC ATMs Pulled Out of Global Network
The number of crypto ATMs around the world has dropped from 38,776 machines to 37,980 in the last few weeks. Lack of regulatory clarity and recent market slowdown is being touted among top reasons why the growth of BTC ATMs is bring hindered at the moment.
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Bitcoin ATMs by General Bytes Compromised by Hackers, Undisclosed Amount of Assets Stolen
Bitcoin ATMs manufactured by General Bytes were recently breached by hackers who managed to get away with an undisclosed amount of funds. As per the company, the attack was identified three days after it publicly announced a ‘Help Ukraine’ feature on its ATMs. An investigation has been launched into the case and meanwhile, the company has asked...
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Crypto ATMs Market Will Soon Reach $400 Million. Can It Help?
The market for ATMs that accept cryptocurrencies is now estimated to be worth US $46.45 million.
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India Fails to Bag Spot Among World’s Crypto-Ready Countries, Hong Kong Tops List
In its latest ‘Worldwide Crypto Readiness Report’, Forex Suggest did not name India among crypto-friendly and ready nations. The study analysed several aspects before declaring Hong Kong as the most crypto-friendly country. These aspects included the number of crypto ATMs, the legislation and taxes surrounding cryptocurrencies, as well as the n...
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Bitcoin ATMs Become More Common, Over 880 Machines Installed in June Already: Report
Crypto ATMs allow people to exchange their fiat currencies into crypto tokens and vice versa. Owing to their utility value, the number of BTC ATMs cropping up around the world has risen in the month of June this year, a report by Coin ATM Radar has claimed in its recent report. While US has the most number of crypto ATMs — Genesis Coin, General B...
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Bitcoin ATM Installed in Mexico's Senate Building, Senator Calls It 'Symbol of Financial Inclusion, Freedom'
The total tally of Bitcoin ATMS has reached 14 in Mexico. The latest one has been installed at the Senate building in Mexico City. Mexican Senator Indira Kempis has called a move a symbol of financial inclusion and freedom being supported by the Mexican government.
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Crypto ATMs See Twice as Many Illicit Activities as Overall Industry: TRM Labs
A report by blockchain intelligence firm TRM Labs claims that the rate of illicit activities around crypto ATMs is double of what the entire ecosystem usually witnesses. In 2023, illicit volumes in the cash-to-crypto industry stood at 1.2 percent of total volume, double the 0.63 percent for the overall crypto ecosystem.
-
Over 1,000 Crypto ATM Machines Now Active in Australia: Report
The number of crypto ATM machines in Australia currently stands at the mark of 1,007. In the last four months, crypto market valuation rose close to the capitalisation of $3 trillion (roughly Rs. 2,50,00,650 crore). This bull run for the sector could be considered as a reason behind the rise in the number of crypto ATM machines globally.
-
Cryptocurrency Worth $930,000 Seized by CBI From Ahmedabad-Based Man Who Allegedly Defrauded US Citizen
The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company's fraud department, officials said.
-
Indian Man Accused Of Cheating US Citizen, Cryptocurrency Worth Rs 7.7 crore Seized
He allegedly convinced the victim that his account on Amazon was being accessed by unscrupulous elements, and that his social security was being used from four different states to open accounts on the e-commerce platform.
-
UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
-
UK Police Crack Down on Crypto ATMs, Regulators Deny Granting Approvals
The Financial Conduct Authority (FCA) of the UK has directed the law enforcement agencies there to spot crypto ATMs and disable them with immediate effect. The FCA claims that no crypto ATM installer has, so far, reached out for permissions and hence their operations in the UK are completely illegal.
-
US’ Largest Crypto ATM Installer Coin Cloud Files for Bankruptcy: Details
Coin Cloud, the crypto ATM installer that had claimed to be US’ largest player in the arena last year, has filed for bankruptcy. Genesis Global Trading is Coin Cloud’s largest creditor to which it owes over $100 million (roughly Rs. 825 crore) over an uncollaterised loan.
-
BTC ATM Installations Dramatically Sunk to Record Low in Last Six Months: CoinATMRadar
Only 94 BTC ATM machines were installed in different parts of the world between July 2022 and January 2023. The US, Australia, Canada, and Spain registered an elevated interest in Bitcoin machines. El Salvador, which legitimised Bitcoin as a legal tender in 2021, has notably lost its top spot in the BTC ATM rankings.
-
Nigeria Rallies on Promoting CBDC Use, Bans Monthly ATM Withdrawals Over $225
The Nigerian government has now banned weekly ATM withdrawals over $225 (roughly Rs. 18,565), aiming to promote the use of its CBDC among its citizens. The eNaira was launched on October 25. The CBDC garnered over 840,000 downloads in over 270,000 active wallets within the first few weeks of its launch.
-
Bitcoin ATM Growth Drops Amid Market Slowdown, Nearly 800 BTC ATMs Pulled Out of Global Network
The number of crypto ATMs around the world has dropped from 38,776 machines to 37,980 in the last few weeks. Lack of regulatory clarity and recent market slowdown is being touted among top reasons why the growth of BTC ATMs is bring hindered at the moment.
-
Bitcoin ATMs by General Bytes Compromised by Hackers, Undisclosed Amount of Assets Stolen
Bitcoin ATMs manufactured by General Bytes were recently breached by hackers who managed to get away with an undisclosed amount of funds. As per the company, the attack was identified three days after it publicly announced a ‘Help Ukraine’ feature on its ATMs. An investigation has been launched into the case and meanwhile, the company has asked...
-
Crypto ATMs Market Will Soon Reach $400 Million. Can It Help?
The market for ATMs that accept cryptocurrencies is now estimated to be worth US $46.45 million.
-
India Fails to Bag Spot Among World’s Crypto-Ready Countries, Hong Kong Tops List
In its latest ‘Worldwide Crypto Readiness Report’, Forex Suggest did not name India among crypto-friendly and ready nations. The study analysed several aspects before declaring Hong Kong as the most crypto-friendly country. These aspects included the number of crypto ATMs, the legislation and taxes surrounding cryptocurrencies, as well as the n...
-
Bitcoin ATMs Become More Common, Over 880 Machines Installed in June Already: Report
Crypto ATMs allow people to exchange their fiat currencies into crypto tokens and vice versa. Owing to their utility value, the number of BTC ATMs cropping up around the world has risen in the month of June this year, a report by Coin ATM Radar has claimed in its recent report. While US has the most number of crypto ATMs — Genesis Coin, General B...
-
Bitcoin ATM Installed in Mexico's Senate Building, Senator Calls It 'Symbol of Financial Inclusion, Freedom'
The total tally of Bitcoin ATMS has reached 14 in Mexico. The latest one has been installed at the Senate building in Mexico City. Mexican Senator Indira Kempis has called a move a symbol of financial inclusion and freedom being supported by the Mexican government.
