How to buy Bitcoin and Ethereum in the UK
To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks. For an effective travers ...
El Salvador Bitcoin ATM network to receive Lightning Network upgrade
Athena Bitcoin, the company operating a state-owned chain of crypto ATMs in El Salvador, plans to integrate the Lightning Network into 100 of these machines in the next couple of months.According to the press release from Nov. 7, Athena Bitcoin Global and Genesis Coin Inc. have already ena ...
SBF claims innocence, contradicts other witnesses: Law Decoded
Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder cus ...
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
The crypto ATM business is thriving in the United States, despite criticism for illegal or predatory behavior, according to a report released by the Federal Reserve Bank of Kansas City. Crypto ATMs have a growing customer base that could sometimes benefit from better education about crypto, the r ...
Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate
United States Sen. Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). According to a news release on Reed’s website, ...
Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3
Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public.In a June 30 announcement, fintech firm GSR II Meteora Acquisition Corporation said its stockholders had approved the merger for the ...
Net Bitcoin ATMs record an increase after 4 months of global downtrend
Breaking the year-long trend of declining Bitcoin (BTC) and crypto ATMs across the globe, May recorded a steep increase in net installations with nearly 1,400 machines.The total number of crypto ATMs witnessed a consistent decline for the first four months of 2023. During the timeframe, wh ...