In a concerning trend, TRM Labs found that illicit activity at crypto ATMs is significantly higher than in the broader crypto industry. This has prompted law enforcement and regulators across the world to leverage blockchain intelligence to investigate fraud and financial crime involving these machines. Increasing Illicit Activity at Crypto …
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In a recent update by Altcoin Buzz on the crypto market, the analyst highlighted the grave concern that Bitcoin’s dropping presence on crypto exchanges to a new low potentially sets the stage for a significant price rally. According to CryptoQuant data, Bitcoin reserves have dropped by approximately 133% since January …
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While Bitcoin ATM fraud is becoming rampant, elderly people are the most affected. The losses related to these scams rose to over $110 million in 2023 as per the Federal Trade Commission (FTC), which is nearly ten times the amount reported in the year 2020. This is rather disturbing since …
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Australia has seen a huge rise in the crypto ATM in the last two years. From merely 67 ATMs 2 years ago, Australia now has almost 1200. This rise puts the country on number three right after the US and Canada. The Numbers Tell the Story Australia had only 67 …
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Bitcoin automated teller machines in Australia have surged in recent years, with the country now the fastest-growing market in the world. There were just 73 Bitcoin ATMs in the country in September 2022. That number has since surged to 1,162 installations, according to data from Coin ATM Radar. It places …
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A man has become the first person charged in the UK for operating a crypto ATM. Crypto ATMs had been relatively common in the UK—even though the Financial Conduct Authority (FCA), the body that regulates financial services in the UK, banned them in 2022. According to data from Coin ATM …
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German authorities seized nearly 250,000 euros ($279,000) in cash and 13 crypto ATMs during a nationwide crackdown. The operation, led by the Federal Financial Supervisory Authority (BaFin), is part of a broader effort to strengthen regulatory oversight in the country’s rapidly expanding cryptocurrency sector. Germany’s Raid on Crypto ATMs On …
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Editor’s note: This article has been updated to correct the amount seized. In a sweeping operation across Germany, financial regulators and law enforcement agencies have confiscated nearly €250,000 (about $279,000) in cash and shut down 13 cryptocurrency ATMs operating without proper authorization. The German Federal Financial Supervisory Authority (BaFin) announced …
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In a sweeping operation across Germany, financial regulators and law enforcement agencies have confiscated nearly €25 million ($28 million) in cash and shut down 13 cryptocurrency ATMs operating without proper authorization. The German Federal Financial Supervisory Authority (BaFin) announced the results of this coordinated effort on Tuesday, in a statement …
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Hamster Kombat Partners with Crypto.com ; Metallic Visa Cards for Community
by Zafar Naikby Zafar NaikHamster Kombat, the popular telegram based game, keeps bringing new cards to the game every few days. Do these cards have some meaning or are they just randomly launched? Well sometimes they represent something trending in the real world and sometimes it’s a message for the community. Have you seen …