Category: Bitcoin ATM

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions

After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on […]

Continue Reading

Bitcoin ATM operator Coinme enters Florida via Coinstar partnership after obtaining regulatory approval

Coinme, the second-largest bitcoin ATM operator in the United States, has obtained the proper licensure to offer its services in Florida, according to a company statement. The company will now place 300 machines in grocery stores across the state through its partnership with Coinstar, the physical kiosk manufacturer.  While Bitcoin ATM operators are federally regulated through […]

Continue Reading

UK financial watchdog adds bitcoin ATMs to unregistered crypto business list as part of AML push

A leader at the United Kingdom’s Financial Conduct Authority spotlighted the country’s recent anti-money laundering work (AML) in a recent speech. In a speech delivered on March 24 but publicized on April 1, Mark Steward cited cryptocurrency as a key emerging risk to AML controls. Steward heads the FCA’s Enforcement and Market Oversight division. In […]

Continue Reading

Atlanta-Based Bitcoin ATM Provider Launches Over 100 New Machines Across 24 States in the US

A bitcoin ATM provider has announced a deployment of new machines across several states in the U.S. Bitcoin Depot is set to launch over 100 new bitcoin ATMs in 24 states soon. Bitcoin Depot Expects to Grow by 200% in 2021 According to the company, almost 115 BTC ATMs will be installed, doubling its current […]

Continue Reading

Virginia community bank inks partnerships to enable Bitcoin purchases at its ATMs

A community bank in Virginia is now offering bitcoin purchases and redemptions as an option at its automatic teller machines (ATMs), according to the Virginia-based newspaper the Richmond Times-Dispatch.  Cryptocurrency ATMs have been in the United States since 2013. But Blue Ridge Bank, based in Charlottesville, Virginia, appears to be the first U.S.-based community bank […]

Continue Reading

Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash

Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash

On January 23, 2021, the popular Youtuber Mambafx published a video of himself withdrawing $16,000 in cash from bitcoin ATMs. The video shows how it took multiple bitcoin ATMs to complete the process but by the end of the 17-minute film, Mambafx withdrew over $16k by selling bitcoin to the automated teller machines. Mambafx is […]

Continue Reading

Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”

Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”

Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government announced the sanctions in response […]

Continue Reading

5,000 Bitcoin ATMs Add Cash-Out Option: Libertyx Sees Strong Adoption

5,000 Bitcoin ATMs Add Cash-Out Option: Libertyx Sees Strong Adoption

Libertyx has added a cash-out option to its 5,000 bitcoin ATMs. The CEO says this addition triples the number of bitcoin ATMs that allow users to cash out their bitcoin. He shares his business model with news.Bitcoin.com, providing insight into the bitcoin ATM usage trends he is seeing. 5,000 Bitcoin ATMs Now With Cash-Out Option […]

Continue Reading