Tag Archives: Bitcoin ATMs

Brandon Mintz is the CEO of Bitcoin Depot, one of the largest crypto ATM firms in the world. He bought his first bitcoin in 2013, and he says a lot’s changed since then. Brandon Mintz on the World of Bitcoin ATMs At 29 years of age, Mintz wanted to see bitcoin help the “little guys” that were being cut out by the arena of mainstream finance. Right now, the company has grown to include a web of more than 6,000 machines, though he says competition is getting fierce....

Bitcoin ATMs are largely becoming the centers of crypto fraud schemes, according to law enforcement agencies around the country. Bitcoin ATMs and the Problems They Attract For example, one woman from the city of Clive in Polk County, Iowa, was involved in a bitcoin ATM scam that saw her lose more than $6,600. She received a call from someone claiming to be part of the Polk County Sheriff’s office, and the caller said that if she didn’t go to her nearest crypto ATM...

An 82-year-old woman in the city of Crawford, Texas has lost $15,000 to crypto scammers. The good news is that she’s gotten her money back, but the incident has sparked a serious feud between the McLennan County Sheriff’s Office and Lux Vending (operating as Bitcoin Depot), the crypto ATM company that served as the medium of transfer for the potentially illicit activity. Bitcoin Depot Says It’s the Victim The sheriff’s office wound up seizing cash from the machine...

Federal agents have arrested Charles Riley Constant, an owner of digital currency ATMs under the Coindawg name. At the time of writing, he has been charged with money laundering, and he’s been accused of stealing COVID pandemic-based loans and converting them to BTC and other forms of crypto to hide them from prying eyes. Charles Constant Is Facing Money Laundering Charges Money laundering has long been a serious problem in the crypto space. As of late, we have received...

A group of crypto hackers have drained all the coins and funds from several bitcoin ATMs throughout the world hosted by a company called General Bytes. General Bytes Loses a Lot of Money The hackers took advantage of what’s referred to as a zero-day vulnerability to prevent all transaction losses from being reversed. General Bytes explained in a statement: The night of 17-18 March was the most challenging time for us and some of our clients. The entire team has been...

The state of Connecticut is freaking out over how much crypto fraud has occurred through its growing network of bitcoin and digital currency ATMs. Thus far, millions of dollars have been stolen from multiple residents, many of whom are over the age of 60. Connecticut Is Concerned About Crypto Fraud The crypto space is largely unregulated, meaning whatever money gets stolen from one’s account will likely be gone forever unless law enforcement agents can jump on the matter...

Horsham Township in Pennsylvania is being gifted with a new bitcoin ATM, thus ensuring all residents there have access to the growing digital currency arena. Horsham Township Gets Its Own Bitcoin ATM The machine is being set up at a Sunoco gas station located at 300 Easton Road in Horsham Township. It will be available to customers 24 hours a day, seven days a week, 365 days a year. Transactions are quick and easy, and users are not required to register themselves as...

Cryptocurrency company Coin Flip (based in Chicago, Illinois) is opening a first-of-its-kind firm it’s calling a “crypto experience center (CEC)” in the city of Tampa, Florida. Open seven days a week from 11 in the morning to eight at night, the center will allow members of the public to step in and explore the growing world of crypto and potentially get their questions answered. Coin Flip Wants to Answer Your Crypto Questions In addition, it also features what’s called...

Bitcoin-Preis bald auf 500'000 US-Dollar? Michael Saylor prophezeit Bitcoin-Preis in Höhe von 500.000 Dollar – dagegen malt CoinShares für 2022 ein dunkles Bild. Trotzdem, genau jetzt könnte ein ziemlich guter Zeitpunkt sein, um etwas Bitcoin zu kaufen. Aber nun mal der Reihe nach. Wie kommt Michael Saylor auf einen derart hohen Bitcoin-Preis? Wenn man dem BTC-Optimisten Michael Saylor glauben darf, ist der Boden für den Bitcoin erreicht und wir...

Bitcoin Depot – arguably one of the biggest names in crypto ATMs – has joined hands with a firm called GSR II Meteora Acquisition Corp. The partnership enables Bitcoin Depot to become a publicly listed company, thus giving it an opportunity to follow in the footsteps of Coinbase, one of the world’s largest and most popular digital currency exchanges. Bitcoin Depot Is Going Public After the maneuver is complete, Bitcoin Depot will instead be known as Bitcoin Depot Inc.,...