Bitcoin Depot expands footprint by 400 ATMs
Payments Dive
FEBRUARY 14, 2024
The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.
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Payments Dive
FEBRUARY 14, 2024
The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.
Payments Dive
NOVEMBER 10, 2023
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
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Payments Dive
FEBRUARY 15, 2021
Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency. This announcement comes as banks and regulators appear to be warming to digital assets, and as Bitcoin continues to gain value and attention.
Payments Dive
MARCH 22, 2023
Pittsburgh-based GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.
PYMNTS
DECEMBER 17, 2020
Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.
ATM Marketplace
APRIL 12, 2022
In a move that is sure to please owners of Bitcoin ATMs, Florida legislators have voted to clarify the state's position on cryptocurrency sales. This means that soon, crypto assets can be bought and sold between two parties in the Sunshine State without fear of regulatory repercussions.
PYMNTS
JANUARY 13, 2021
Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. “I Right now, only about 1 percent of the $600 billion invested in bitcoin is institutional, he said, CNBC reported. 11), when it fell below $31,000, just days after breaching $41,000. In other news, about 20 percent of the 18.5
ATM Marketplace
JUNE 21, 2023
BItcoin Depot claims legal procedure was not followed. The sheriff claims his office acted appropriately in seizing cash from the machine and returning it to the victim of a ransomware scam.
ATM Marketplace
OCTOBER 9, 2020
Bitcoin ATMs have gotten a lot of press lately and it stands to reason that many in the ATM industry may be wondering if now is the right time to purchase a bitcoin ATM. Marc Grens, co-founder and president of DigitalMint, a cash-to-bitcoin providers discusses how to find the right bitcoin provider for your company.
PYMNTS
MAY 20, 2020
In other news, France has become the first nation to test out a blockchain-operational digital euro with successful results, Banque de France announced on Wednesday (May 20). The exchange, for its part, trades ethereum and bitcoin, among other digital currencies. Meanwhile, Luno, a digital currency platform backed by Naspers Ltd.,
PYMNTS
DECEMBER 27, 2020
The price of bitcoin has passed $28,000 on Sunday (Dec. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says.
PYMNTS
JULY 26, 2020
Bitcoin surpassed $10,000 on Sunday (July 26) for the first time since June, hitting $10,200, Reuters reported. Bitcoin has been negatively impacted by the pandemic over the past few months, halving for the third time in May and slicing the rewards bitcoin miners earn, per Reuters. ruled that bitcoin is money.
PYMNTS
AUGUST 7, 2020
German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. The watchdog told KKT UG CEO Adam Gramowski to cease crypto trading business in Germany back in February for reportedly operating without a trading or banking license. Movie2k.to
PYMNTS
DECEMBER 17, 2020
Bitcoin reached an all-time high, surging 12 percent to $23,421, more than triple its value since the start of 2020, CNBC reported on Thursday (Dec. 17), Bitcoin’s gains leveled, trading over 9 percent higher at about $22,787. A BlackRock executive said bitcoin can replace gold, per CNN. The previous record was in 2017. .
PYMNTS
OCTOBER 7, 2020
With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. Jack Dorsey Likes Bitcoin, But So Do Crooks . The Dark Web Likes Bitcoin, Too . For example, the U.S.
PYMNTS
NOVEMBER 30, 2020
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Wanted: Big Backers And Government Support.
PYMNTS
OCTOBER 12, 2020
BitMEX has announced a new Chief Compliance Officer in Malcolm Wright, who will serve in the role for 100x Group, which operates HDR Global Trading Limited, which runs BitMEX. Bank of England governor Andrew Bailey said he doesn’t see the value of Bitcoin as a mode of payment, cautioning it as a legitimate use, Reuters reports.
PYMNTS
OCTOBER 27, 2020
Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. Bitcoin reached higher than the $13,600 level intraday. The price of bitcoin was $13,750.90 UNICAS will begin operations this December, according to the post. 27) afternoon Eastern Time. as of 7:19 p.m.
ATM Marketplace
MARCH 1, 2021
Discover more about Bitcoin acceptance, growing consumer demand for Bitcoin, the revenue potential for Bitcoin ATM operators, and tools to streamline Bitcoin ATM operations.
PYMNTS
JANUARY 6, 2021
Active bitcoin accounts are approaching the record high reached in December 2017, before the previous bitcoin peak crashed. And as of Monday, active accounts — accounts in use in the last six months — held 82 percent of all bitcoin. Account users remain confident as well, according to Bloomberg. More than 2.1
PYMNTS
FEBRUARY 25, 2020
Bitcoin is treated as a property, with all the normal rules of taxation applying, which means crypto is liable to be taxed 15 percent under the GST. 24) that virtual currency operator Quoine must pay damages for wrongfully reversing seven trades on the platform, The Straits Times reported.
Bank Innovation
OCTOBER 31, 2017
Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300.
American Banker
SEPTEMBER 8, 2023
Texas bitcoin miners, embroiled in a controversy over their energy-intensive operations, are shutting down most of their machines while the state grapples with its power crisis.
Bank Innovation
DECEMBER 7, 2017
cryptocurrency exchange bitFlyer wants to bridge the trading gap between two of the world’s largest bitcoin markets. Japan is the largest bitcoin trading market in the world, about 50% of it happens in there; the U.S. is the second biggest market,” Bartek Ringwelski, chief operating officer […].
PYMNTS
JANUARY 5, 2021
“Mainstream acceptance of bitcoin is accelerating right now as Wall Street wakes up to its potential,” said Kevin Worth, CEO of CoinDesk, in the release. In other news, in the wake of bitcoin’s recent record high price of over $34,000, J.P. Morgan analysts said bitcoin could rise all the way to $146,000, CNBC reported.
PYMNTS
APRIL 9, 2019
China could move to ban mining for bitcoins if a draft list of activities the country’s state planner wants to ban becomes law. It has also been clamping down on bitcoin mining which has resulted in bitcoin mining operations setting up shop outside of China. The list was first made back in 2011, noted the report.
PYMNTS
NOVEMBER 9, 2020
As other stocks rebounded at the news of a breakthrough in Pfizer and BioNTech’s joint COVID-19 vaccine, bitcoin fell sharply to nearly $14,815, according to CoinDesk. By the end of the day, the stock had risen slightly, hitting $15,369.783 at 5:16 p.m. ET, but still down from the day’s starting point of $15,800. Meanwhile, New Jersey Sen.
Payments Dive
JULY 3, 2019
Coinsquare, a Canadian cryptocurrency exchange, has partnered up with Just Cash to allow consumers to buy bitcoin via regular, non-bank operated ATMs in the U.S.
PYMNTS
FEBRUARY 23, 2020
Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy. For this reason, it’s difficult to ascertain exactly how much trading is done.
PYMNTS
JANUARY 20, 2019
Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. Bitcoin transaction volumes on darknet markets, where people can buy illegal goods, saw an increase over the entire year to reach an average of $2 million daily.
PYMNTS
SEPTEMBER 22, 2020
The CEO of a Virginia-based software firm claimed that the Federal Reserve ’s easing of its inflation approach was a factor in his decision to convert the rest of the firm’s money to bitcoin, Bloomberg reported. “We One of the more than 40 investors contended that he initially met those that run the exchange in Delhi.
PYMNTS
NOVEMBER 30, 2020
27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. Chinese law enforcement seized 194,775 Bitcoin, 833,083 Ethereum, 487 million XRP, 6 billion Dogecoin, 27.6 billion) from more than 2.6
PYMNTS
NOVEMBER 15, 2018
CIMB , a banking group that operates in countries such as Malaysia, Cambodia and Thailand, has inked a deal with Ripple in order to bring the company’s blockchain technology to its SpeedSend remittance offering, Cryptovest reported. It will also reportedly work with more than one ledger technology, such as bitcoin and Ethereum.
PYMNTS
JUNE 11, 2020
” In other news, Bitcoin IRA , the digital currency retirement savings company, is able to work with smaller accounts as roll outs its Saver IRA product, CoinDesk reported. Bitcoin IRA rolled out its inaugural self-directed retirement account for individuals that mandated a balance of at least $20,000.
PYMNTS
JUNE 22, 2020
New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever. Authorities also claim Vinnik operated several BTC-e accounts, including some tied to thefts from other virtual currency exchanges such as Mt.
PYMNTS
AUGUST 27, 2020
Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. 26), for promoting purchasing opportunities and information about bitcoin and other such products, according to a report from Cointelegraph.
PYMNTS
FEBRUARY 4, 2020
BitPay, a leading Bitcoin and cryptocurrency payment service, said that it will soon allow invoices to be paid from any Bitcoin wallet or crypto exchange, according to a report Tuesday (Feb. BitPay’s customers want to support all the Bitcoin wallets, just like they want to support all cryptocurrencies for payments.
PYMNTS
NOVEMBER 26, 2019
Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. Bitcoin is the perfect gift for family and friends this holiday season.
PYMNTS
AUGUST 18, 2019
The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. Bakkt is now authorized to provide custody services for bitcoin along with the launch of physically delivered bitcoin futures contracts.
PYMNTS
JANUARY 27, 2019
Business for bitcoin ATM companies seems to be booming, with Coin ATM Radar estimating that there are now 4,213 cryptocurrency ATM machines around the globe, most only offering bitcoin. And Jorge Farias, CEO of the Panama-based startup Cryptobuyer, is planning to open Venezuela’s first bitcoin ATM in Caracas next month.
TheGuardian
FEBRUARY 14, 2023
Raids target machines hosted around Leeds believed to be offering to buy or convert traditional currencies Authorities have raided several sites around Leeds as part of what is believed to be the UK’s first crackdown on illegally operated crypto ATMs. Continue reading.
PYMNTS
AUGUST 18, 2020
Modernizing the processes through which logistics operates is critical to building more robust and efficient supply chains which will help with economic development and value creation for all parties.”.
PYMNTS
FEBRUARY 25, 2019
Billionaire investor Warren Buffett said that he sees “no unique value” in bitcoin, the world’s biggest cryptocurrency, calling it a “delusion, basically,” according to a report from CNBC. Bitcoin has struggled with value after reaching a high of almost $20,000 at the end of 2017. It attracts charlatans,” Buffett said. “If
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