bitcoin atm Archives - WebDomino.NET

Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net

July 13, 2019 by CryptoCoinsNews

Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […]

The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net appeared first on CCN Markets

Texas Bitcoin ATM Maker Coinsource Eyes Stablecoin & Remittances

June 26, 2019 by CryptoCoinsNews

Texas-based Bitcoin ATM maker Coinsource is adding a stablecoin to the mix. The company is expanding to include the Dai stablecoin in its machines, according to a report in Reuters. Coinsource is also reportedly gearing up to launch a remittance servi…

Six Years Later, the Number of Bitcoin ATMs Just Crossed 5,000 Globally

June 25, 2019 by CryptoCoinsNews

Nearly six years after the first Bitcoin ATM was installed in Vancouver, Canada the number of the cryptocurrency-dispensing machines across the world has risen to 5,006, according to Coin ATM Radar. In the last 60 days, an average of just under 6 Bitco…

Bitcoin ATM Pioneer Vancouver Could Ban City’s 76 Crypto Vending Machines

June 5, 2019 by CryptoCoinsNews

By CCN: Despite being the first location in the world to have a Bitcoin ATM, Vancouver’s authorities are turning against the vending machines. According to The Star, Bitcoin ATMs are under mayoral assault after a surge in criminal activities being cond…

Authorities Dismantle $10 Million Crypto Money-Laundering Ring in Spain

May 9, 2019 by CryptoCoinsNews

By CCN: A crypto money-laundering ring that was offering its services to other criminal enterprises has been dismantled in Spain. The Crime as a Service operation is believed to have laundered approximately $10.08 million (€9 million) using bitcoin and…

Bitcoin ATM Firm ‘Auscoin’ a Front for International Drug Smuggling Ring: Australian Police

April 22, 2019 by CryptoCoinsNews

By CCN.com: As bitcoin entrepreneurs who founded the fast-growing Auscoin Bitcoin ATM business in Australia, there was nothing suspicious about Steen McBeth and Sam Karagiozis leading a flashy lifestyle including driving Lamborghinis and BMW motorcycle…

Dubai Scores Cash for Crypto with the City’s First Bitcoin ATM

March 19, 2019 by CryptoCoinsNews

Dubai, the most populous city of the United Arab Emirates, has just received its maiden bitcoin ATM, giving locals and tourists alike the opportunity to purchase cryptocurrency. It’s kind of a big deal, considering that Dubai is a city whose loca…

Bitcoin ATM Double-Spenders: Police Need Help Identifying Four Criminals

March 12, 2019 by CryptoCoinsNews

CBC reports that four Canadian men are wanted in connection with conducting double-spend attacks against Bitcoin ATMs in four cities. A total of 112 transactions are alleged to have taken place in September last year, with half of them taking place in …

Piece of Cake: Cryptocurrency ATM Stolen in Bakery Break-In

January 26, 2019 by CryptoCoinsNews

By CCN.com: Crypto thieves have shown that theft can sometimes be a piece of cake. Taking the phrase “get the dough” to the next level, a cryptocurrency ATM machine was audaciously jacked from a bakery in California last week. The theft took place at t…

Bitcoin Network Loses Nodes and Difficulty, Militants Use Crypto In Struggle to Secede, NYU Professor Goes Off The Rails, and More: Last Week In Crypto

December 24, 2018 by CryptoCoinsNews

Bitcoin Price Recovery Alongside Network Changes The Bitcoin price came back from the brink this week, reaching nearly $4,000 by Sunday. Analysts were at times throughout the week worried that it would lose support around $3,400 and then drop beneath $…

Coinsource Receives First BitLicense to Operate Bitcoin ATMs in New York

November 1, 2018 by CryptoCoinsNews

The world’s largest bitcoin ATM company has finally received official approval to operate in New York. They had previously been operating in New York almost since the company’s inception via a provisional license. Last year, they received c…

Unocoin Rolls Back First Crypto ATM in India Amidst Controversy

October 24, 2018 by CryptoCoinsNews

Indian cryptocurrency trading platform Unocoin has found itself amidst heated controversy over the launch of its first cryptocurrency kiosk in Bengaluru. While the existence of the machine had already been leaked prior, the company officially unveiled …

Bitcoin ATM Firm Not Liable for Scam Victim’s Losses: Canadian Judge

October 20, 2018 by CryptoCoinsNews

A Canadian bitcoin ATM firm which was sued by a victim of fraud can finally breathe a sigh of relief after a judge ruled that the firm was not liable for the losses incurred. The victim, a woman whose name was withheld, had sued Instacoin ATM Canada to…

Cryptocurrency Lender Sees ‘Meaningful Increase’ in Institutional Borrowing

October 18, 2018 by CryptoCoinsNews

As institutional investors wade increasingly further into the cryptocurrency ecosystem, they are contributing to a significant bump in demand for cryptocurrency lending services. Institutional Crypto Lending Tops $550 Million That’s according to the Q3…

Zero to 30: Bitcoin ATMs Come to Argentina as Peso Dives and Inflation Soars

October 5, 2018 by CryptoCoinsNews

With inflation in Argentina expected to rise above 40 percent before the close of the year, the demand for bitcoin in the South American country has surged, resulting in cryptocurrency ATM firms projecting a large increase in the number of devices they…

Bitcoin ATM CEO: Cryptocurrency Needs Regulation to Survive

September 22, 2018 by CryptoCoinsNews

In an exclusive interview with CCN, the CEO of the world’s largest Bitcoin ATM network took a hard stance against those who believe in a world where Bitcoin and its peers can survive unregulated. Sheffield Clark, whose company — Coinsource …

Malware Targeting Bitcoin ATMs Goes on Sale for US$25,000

September 7, 2018 by CryptoCoinsNews

Regular bank ATMs have long been a target for criminals but now bad actors are turning their sights on Bitcoin ATMs as cryptocurrencies gain acceptance. According to Trend Micro security researchers, a malware targeting Bitcoin ATMs has been discovered…

Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report

September 2, 2018 by CryptoCoinsNews

As cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period. This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the…

There Are Now More Than 3,500 Bitcoin ATMs Worldwide

August 6, 2018 by CryptoCoinsNews

While not as widely used as those made for fiat currency, cryptocurrency ATMs remain a popular medium for buying and selling cryptocurrency such as bitcoin. Today marks a milestone, as there are now over 3,500 bitcoin ATMs installed and operational aro…

Las Vegas Club Installs Bitcoin ATM, Records Memberships on Blockchain

April 17, 2017 by CryptoCoinsNews

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