Armed Robbers Steal a Bitcoin ATM from a Shop in the UK

Armed Robbers Steal a Bitcoin ATM from a Shop in the UK

When it comes to news about some sort of online theft, one can easily expect Bitcoin or other cryptocurrency to be involved especially due to the anonymity that digital currencies offer their users. However, unlike most other thefts in which the actual Bitcoin is stolen, a unique armed robbery happened in a shop in Northampton, England, when masked robbers attempted to rob the Bitcoin ATM that was installed in the store. How did this robbery…

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Featured: Where to Use Bitcoin in the Real World

Featured: Where to Use Bitcoin in the Real World

You probably hear a lot about Bitcoin, maybe you own some or know people who own the world’s most popular cryptocurrency, but what can you do with it? For some people, cryptocurrency is treated like stocks. You exchange your money for a crypto coin and cash out when it rockets in value. For others, cryptocurrency represents something entirely different: a new digital age for finance. There is almost no way to trade or exchange value,…

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LocalBitcoins Intends to Fully Comply with the Upcoming Anti-Money Laundering Regulations

LocalBitcoins Intends to Fully Comply with the Upcoming Anti-Money Laundering Regulations

Peer-to-peer cryptocurrency exchange and crypto ATM manufacturer LocalBitcoins recently issued a statement about anti-money laundering laws and compliance with the 5th AML directive of the European Union. The firm said in their statement that they want to work on compliance while building trust in the crypto market space. From the beginning, trust and confidence in the cryptocurrencies have been hindered by their attachment to criminal enterprises and money laundering operations through digital currencies. Considering the…

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Philippines-Based UnionBank to Scatter Crypto ATMs throughout the Country

Philippines-Based UnionBank to Scatter Crypto ATMs throughout the Country

UnionBank Inc., one of the largest banks in the Philippines with over 300 branches across the country, is reportedly launching a cryptocurrency two-ways automated teller machine (ATM) allowing customers to buy and sell units of cryptocurrencies with Philippine Peso. As reported by The Philippine Star on Wednesday, the country’s first cryptocurrency ATM machine will be in compliance with the rules and regulations set by the central bank – Bangko Sentral ng Pilipinas (BSP). The approval of UnionBank’s…

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More Bitcoin ATMs Deployed in Chicago by Crypto ATM Operator Lux Vending

More Bitcoin ATMs Deployed in Chicago by Crypto ATM Operator Lux Vending

The amount of cryptocurrency ATMs has been increasing across the US since 2013. From 2013, when the cryptocurrency ATM first appeared, the numbers have increased from 1 to nearly 2,400 machines in the US today and are only expected to grow furthermore. Chicago now has near 100 cryptocurrency ATM machines, making the city a battleground for the terminals. Altana based company Lux Vending is the latest to deploy 30 crypto ATMs across the city. Lux…

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Coinme Crypto ATM’s to Trade Bitcoin on Coinstar Kiosks

Coinme Crypto ATM’s to Trade Bitcoin on Coinstar Kiosks

Coinme, the first US-based licensed Bitcoin ATM operator, teams up with the world-largest self-service coin counting kiosk company, Coinstar, to provide an easy and convenient means of trading Bitcoin. This was stated in a press release on Coinstar’s blog section. The aim of the collaboration is to make Bitcoin readily available to consumers as they carry out their daily routines. Coinstar is a multi-million company with over 20,000 automated coin-counting kiosks across nine countries. Collaborating…

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Co-founder of Lamassu Zach Harvey: We Finally Got a Place to Call Home – Lucerne, Switzerland

Co-founder of Lamassu Zach Harvey: We Finally Got a Place to Call Home – Lucerne, Switzerland

Excited to be the new kid in the block at Lucerne, Switzerland, the co-founder of Lamassu Zach Harvey took to their blog to express his excitement to finally get a place to call ‘home’ and his ordeal of being rejected by several anti-crypto banks. Before we jump into the story, here is a little backstory of Lamassu. Lamassu is one of the forces to reckon with in the cryptomat industry (also known as Bitcoin ATM…

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Crypto ATMs: Coinsource Becomes the First BTM Company to Receive Bitlicense from the New York DFS

Crypto ATMs: Coinsource Becomes the First BTM Company to Receive Bitlicense from the New York DFS

The United States is known for its strict, stiff-necked regulations on virtually every financial transaction done in the state. This is to ensure that American investors are protected from fraudsters. These dogged regulations also extend to the crypto sphere where every activity is screened before inception. This makes it worth celebrating as Coinsource, the largest BTM (Bitcoin Teller Machine) operator, eventually received a Bitlicense from the New York Department of Financial Services after about three…

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New LibertyX-Genmega Partnership to Bring 100,000 Bitcoin ATMs to the U.S.

New LibertyX-Genmega Partnership to Bring 100,000 Bitcoin ATMs to the U.S.

It was announced on 15 October that consumers can now purchase Bitcoin at up to 100,000 ATMs in the US with their debit card. A partnership between LibertyX and Genmega has made this possible. Furthermore, the process is simple and streamlined, requiring a simple update, but no upfront cost and no new hardware needed. This is a major breakthrough when it comes to the cryptocurrency consumer market. Cryptocurrency has been gaining popularity over recent years,…

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A New Scam Targets People who Use Bitcoin ATMs

A New Scam Targets People who Use Bitcoin ATMs

If you haven’t heard about the scam involving cryptocurrency, where victims were robbed of tens of thousands of dollars from a Bitcoin ATM, then brace yourself. Today, we will talk in detail about scammers who stole from four people as much as $50,000. The victims in this fraud were forced to use a Bitcoin ATM under the false pretext that they are conducting tax fraud and will be sentenced to jail if they don’t pay…

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