Tagged: atm

Winnipeg Bitcoin ATM Users Lose Funds in Simple Scam

Scammers in the Canadian city of Winnipeg have been stealing Bitcoins from Bitcoin ATM customers using a simple poster hung near the kiosk. According to the Winnipeg police department: “Posters have been located on or next to Bitcoin ATMs informing users the Bitcoin ATMs are… Read More

Crypto ATMs in Nevada to Be Licensed Under Current Laws

Following the failure of a proposed law earlier this year which would have required the licensing of crypto ATMs in Nevada, state lawmakers have decided to bring cryptocurrency ATMs under existing laws, Nevada Current reports. The state’s unknown number of crypto ATMs, found everywhere from immigrant… Read More

Money Shoots Out of Bitcoin ATM Near London Bond Street Tube Station

A user of the Reddit forum r/Bitcoin posted a video last week showing British pounds shooting out of a Bitcoin ATM located near London’s Bond Street train station. The video shows a security guard trying to keep nervous spectators away from a cash-filled duffle placed… Read More

Vancouver, Birthplace of the Cryptocurrency ATM, Considering Ban

Police in Vancouver have reportedly called Bitcoin ATMs “an ideal money-laundering vehicle” and have asked for federal legislation, and the mayor of Vancouver, the first city in the world to host a Bitcoin ATM, has now floated the idea of a ban, The Star reports…. Read More

Canadian Police Seek Four Suspects Accused of “Double Spend” Attacks on Bitcoin ATMs

Police in the Canadian prairie city of Calgary are seeking information leading to the arrest of 4 men believed to have stolen $200 000 CAD from a Canadian Bitcoin ATM company, CBC reports. The four men allegedly executed 112 fraudulent “double spend” attacks on “bitcoin… Read More

Pennsylvania Regulator: Crypto Exchanges and ATMs Not Money Transmitters

The Pennsylvania Department of Banking and Securities (DoBS) published guidance today exempting cryptocurrency exchanges and crypto ATM businesses from having to register in the state as money-transmission businesses. According to Grimes Law, licensing as a money transmitter in Pennsylvania requires a Surety Bond of $1 million… Read More

Bitstop Partners With Kiosk to Create Bitcoin ATM Platform

Bitcoin ATM firm Bitstop announced on Thursday it has partnered with KIOSK Information Systems (KIOSK), a custom self-service solution provider, to create an innovative Bitcoin ATM platform enabling customers to easily buy and sell digital currency on the spot. While sharing details about the partnership, Bill Butler, KIOSK CEO,… Read More

Russian Police Seize 22 Bitcoin ATMs from Company BBFpro

Police in Russia have seized all 22 Bitcoin ATMs belonging to the company BBFpro without warning, Russian media outlet RBC reports. Police are said to be acting on orders from the Prosecutor General’s Office, orders induced by a letter from the Central Bank of Russia… Read More

Coinsource Tops 200 Bitcoin ATMs in the US

Coinsource has announced its 200th Bitcoin ATM. Coinsource reports that it recently added 17 new machines in Florida, thus surpassing the 200 machine mark. Using the Coinsource ATMs, users my purchase up to $5000 worth of Bitcoin at a time. CEO Sheffield Clark explained they… Read More

Bitcoin ATM Network Increases Daily Withdrawal Limit to $5000

Coinsource, a company that claims the title of the world’s largest Bitcoin ATM network, has increased the withdrawal amount to $5,000 USD. Coinsource says this comes in response to growing demand for more ATMs and the company’s growing presence in Mid-Atlantic states, including Delaware, Pennsylvania,… Read More

DPW Holdings to Launch Network of Cryptocurrency ATMs

DPW Holdings, (NYSE: DPW), has announced that its subsidiary, Digital Power Lending, LLC will launch a network of cryptocurrency ATMs that will allow for the purchase and sale of cryptocurrencies along with cash withdrawals. The company said the first ATMs will be installed in 5… Read More

Armed with New In-House Software, Coinsource Seeks Global Bitcoin ATM Expansion

Coinsource, a Bitcoin ATM network, has unveiled a new in-house software stack that will significantly improve the user experience at each of their nearly 200 machines across the nation. Previously powered by a third-party software, the new Coinsource proprietary software will reduce Bitcoin transaction delays,… Read More

Monzo Announces New Abroad ATM Fee Amounts

Just one month after asking its Community to decide on ATM fee pricing, challenger bank Monzo announced the new prices for abroad ATM fees. The company shared in a post on Tuesday: “Last month we announced that we needed to explore charging for withdrawing cash from international… Read More

Coinme Skips the Presale and Goes Straight to the Public Initial Coin Offering for UpToken

Coinme kicked off its Initial Coin Offering (ICO) today minus the presale that has become typical of tokenized crypto sales.  UpToken  went on sale as a new crypto asset designed to accelerate the deployment of the largest crypto ATM network in the world. Coinme reports the ICO… Read More

Monzo Asks Community to Decide on ATM Fee Pricing

Earlier this week, Crowdcube alum and challenger bank Monzo announced it was asking the Monzo Community to decide on ATM fee pricing. It was revealed: “We launched the Monzo Alpha back in October 2015 to a few hundred people. At the time, we said ‘we’re committed to launching… Read More

American Bankers Association: “Banks Have Always Embraced Innovation”

At a Congressional hearing yesterday on Marketplace Lending that was described as being “educational”, Rob Nichols, of the American Bankers Association,  presented testimony and answered questions along with several other individuals engaged in finance. While the topic was  ostensibly “Fintech”, a better label may have… Read More

Send this to a friend