The Sheriff in Jasper County, Texas, located a little over 100 miles northeast of Houston, used a circular saw to break into a Bitcoin ATM after determining it was used for fraud. According to a ...

Amid falling BTC prices, the global Bitcoin ATM network saw a significant reduction of 334 machines in just 40 days, with the U.S. and Europe being the main contributors.

Bitcoin ATMs look like traditional ATMs and operate similarly, in that they can be used for both deposits and withdrawals, but the transactions involve cryptocurrencies. The machines are banned in ...

Bitcoin Depot, which operates 8,512 (21.9%) machines, told Cointelegraph that it “posts scam warnings” on its kiosks and “has screen prompts that warn customers of scam potentials.” ...

The FTC warns that bitcoin ATM fraud is soaring. In the U.S, losses from scams via crypto ATMs exceeded $120 million in 2023. 74% of cryptocurrency ATMs globally are managed by just 10 operators ...

Bitcoin Depot operates over 6,000 such machines, representing a 20% market share of ATMs in the U.S. and a 17.6% global share, according to data from Coin ATM Radar.

Integration to follow. Quiver AI Summary Bitcoin Depot, a prominent U.S. Bitcoin ATM operator, has acquired the assets of Pelicoin, a crypto ATM operator based in New Orleans.