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IRS Looks to Crackdown on Bitcoin ATMs as ATM Count Surpasses Milestone

To many of our readers, Bitcoin automated teller machines (ATMs) may seem like gimmicks — cryptocurrency on-ramps/off-ramps that are only used scantly by so-called “newcoiners,” or those looking to avoid the pitfalls of centralized exchanges. Though, these machines have done well — so well, in fact..

Scammers Target Canadian Bitcoin ATM Users With ‘Out of Order’ Sign

News Fraudsters in Winnipeg, Canada, have targeted Bitcoin ATM users in the city by simply sticking a poster on the machine. Police issued a warning on Aug. 29 that following the instructions on the poster will lead to an irretrievable loss of their Bitcoin. Low-tech hack attackEven with a digital..

Busted: Spanish Drug Gang Who Laundered $10 Million With Bitcoin ATMs

Bitcoin automated teller machines (ATMs) are becoming increasingly used in today’s world. As of the time of writing this, there exist over 5,000 of these machines worldwide, up from 1,000 in 2017. While most of them seem innocuous, sitting mostly unused at the corner of coffee shops and gasoline sta..

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