First Ever Crypto ATM Lands in Venezuela after Prior Failed Attempts

First Ever Crypto ATM Lands in Venezuela after Prior Failed Attempts

Venezuela has finally obtained its very first Bitcoin ATM. According to data presented on Coin ATM Radar, the Latin American firm PandaBTM has installed a crypto ATM in San Antonio del Táchira on September 10. Coin ATM Radar allows users to find the nearest Bitcoin ATM online. Venezuela has been going through some serious economic crisis after the U.S.-imposed strict trade sanctions. To get a hold of the falling economy and get it back on…

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Crypto ATM Chain Coinme Collects $1.5M from Ripple Xpring and Blockchain Finance Fund

Crypto ATM Chain Coinme Collects $1.5M from Ripple Xpring and Blockchain Finance Fund

One of the global leaders in cryptocurrency ATM manufacturer, Coinme, has recently kick-started its new A-1 funding round to accelerate global expansion. The interesting thing is that the company has successfully secured $1.5 million from Ripple’s Xpring and Blockchain Finance Fund. Founded in 2014, Coinme is a leading blockchain financial services provider which aims to make cryptocurrencies prevalent across the globe with crypto ATMs. It became the first state-licensed Bitcoin ATM company in the U.S….

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Canadian Police Alerts to Crypto ATM Scam of Adjacent Deceptive Poster

Canadian Police Alerts to Crypto ATM Scam of Adjacent Deceptive Poster

Winnipeg police in Canada is warning Bitcoin ATM users about a new scam. Local police said that a poster located next to the machines claims that the crypto ATMs are currently going through some software upgrade and that users should transfer the cryptocurrency to the fraudsters’ own account. The posters advise users not to buy or deposit Bitcoin(BTC)trade in their wallet but instead to follow the instruction presented the poster. If the users would follow…

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Crypto Exchange and ATM Operator Admits to Money Laundering of $25 Million

Crypto Exchange and ATM Operator Admits to Money Laundering of $25 Million

According to a report from the U.S. Attorney’s Office for the Central District of California, the crypto exchange and ATM operator Kunal ‘Kumar’ Kalra – also known as ‘coinman’ and ‘shecklemayne’ – recently pleaded guilty to four counts of federal criminal charges. The 25-year old Kalra has confessed that he has been running quite a dubious business for a while now. Besides running an unregistered Bitcoin exchange, Kalra has been in the metaphorical bed with…

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LibertyX to Transform 90 Conventional ATMs to Crypto ATMs in Arizona and Nevada

LibertyX to Transform 90 Conventional ATMs to Crypto ATMs in Arizona and Nevada

The Boston-based LibertyX, an organization that develops software which transform standard non-bank ATMs to administer Bitcoin, has collaborated with ATM manufacturer DesertATM to include 90 ATMs situated in Arizona and Nevada to its existing Bitcoin ATM network. AMPM, ARCO and Chevron gas stations and Family Dollar retail locations are some of the places where these Bitcoin ATMs are now installed, as per the company’s press release. LibertyX’s software product is installed on conventional, money dispensing…

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Drug Trafficking Group in Spain Used Crypto ATMs for Money Laundering

Drug Trafficking Group in Spain Used Crypto ATMs for Money Laundering

With cryptocurrency came a lot of innovative developments. One of such innovations is the creation of ATM-like machines specifically for dispensing virtual currencies. These machines function like the conventional automated teller machines (ATMs). You can put in a specific amount to get the equivalent worth in crypto coins or convert the cryptocurrencies in your wallet to fiat currency and withdraw the hard cold cash. This development was highly welcomed in the crypto community, only that…

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Crypto Exchange Coinsquare Wants to Upgrade ATMs to Crypto ATMs with Fintech Acquisition

Crypto Exchange Coinsquare Wants to Upgrade ATMs to Crypto ATMs with Fintech Acquisition

Coinsquare, a leading Canadian crypto exchange, has recently acquired a controlling stake in fintech software developer company Just Cash. Coinsquare may expand its services with this investment. The amount of investment isn’t disclosed yet. The software developed by Just Cash will allow the users to buy cryptocurrencies directly from ATMs (any regular ATM) without disturbing their normal operations and without the necessity of installing any extra hardware and apps from either the user or the…

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Crypto ATM Provider DigitalMint Partners Up with Convenience Store Chain Circle K

Crypto ATM Provider DigitalMint Partners Up with Convenience Store Chain Circle K

DigitalMint, a Chicago-based cryptocurrency ATM provider, has recently announced a partnership with American multinational chain of convenience stores, Circle K. The partnership will enable consumers to buy Bitcoin through physical kiosks and teller windows at Circle K stores. The crypto firm will add 20 Bitcoin ATMs (or BTMs) across Arizona and Nevada as part of an exclusive pilot program. The partnership is said to be the largest one for DigitalMint which will probably accelerate the…

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Bitcoin ATMs Face Possible Ban in Vancouver as Crypto-Related Crime Rate Increases

Bitcoin ATMs Face Possible Ban in Vancouver as Crypto-Related Crime Rate Increases

Crypto ATMs (also popularly known as Bitcoin ATMs) are designed to help facilitate crypto transactions. Like the everyday familiar ATMs, these machines allow crypto users to make seamless withdrawals at any of the locations in which the machines are situated. Sadly, crypto ATMs could also be a great tool for money laundering in the wrong hands. This is just another example of a ‘good innovation’ being used for bad things. Well, it seems that Vancouver…

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Coinme and Coinstar Make Bitcoin Purchasing Available in Over 2,200 Kiosks Across 21 US States

Coinme and Coinstar Make Bitcoin Purchasing Available in Over 2,200 Kiosks Across 21 US States

The first licensed Bitcoin kiosk company Coinme just took things up a notch by making Bitcoin readily available for cash purchase across 21 states in the United States. The venture-backed blockchain FinTech company, which boasts the largest Bitcoin kiosk network on the planet, took to their blog section on Wednesday, May 22 to announce the exciting news. The blog post states that the company (in an ongoing and expanding collaboration with Coinstar) has made it…

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