Bitcoin ATM installations record low in May, biggest drop since 2019

Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three ago in 2019. Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1971 new installations. However, data from Coin ATM Radar reveal an evident comeback in the installation numbers as the world saw 817 Bitcoin ATMs getting installed in June — in just the first five days. Net change…

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Bitcoin ATM installation slowdown continues for 4th month in 2022

April 2022 marked the fourth consecutive month of a slowdown in the installation of Bitcoin (BTC) ATMs, ever since the slowdown began at the start of the year. BTC ATMs serve a crucial purpose for the Bitcoin economy, helping users physically retrieve or deposit BTC holdings against the corresponding cash reserves. Net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM Radar Based on the data provided by Coin ATM Radar, the year 2021 saw the highest global increase in the BTC ATM installations, with August witnessing…

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US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam – Regulation Bitcoin News

[ad_1] The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described. FTC’s Warning About Scams Involving Cryptocurrency ATMs The U.S. Federal Trade Commission (FTC) issued a scam alert involving cryptocurrency ATMs Monday. The consumer notice, posted by Cristina Miranda from the FTC’s division of consumer and business education, states: There’s a new spin on scammers asking people to pay with cryptocurrency. “It involves an impersonator, a QR code, and a trip…

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“Every ATM In The World Can Sell Bitcoin”

[ad_1] Watch This Episode On YouTube Listen To This Episode: In this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles was joined by Dave Bradley, the founder of Bitcoin Brains, cofounder of Bull Bitcoin and chief revenue officer at Bitcoin Well. Bradley is a Bitcoin OG and he broke down how he first got into Bitcoin, and then moved into all the things going on at Bitcoin Well, such as white-glove Bitcoin services, a non-custodial Bitcoin wallet, and its Bitcoin ATM software.  “I think there’s maybe 28,000 Bitcoin ATMs…

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