Miami-based Bitcoin (BTC) automatic teller machines (ATM) firm Bitstop has partnered with the largest shopping mall operator in the United States, Simon Malls, to install Bitcoin ATMs at several locations. BitStop announced on Nov. 26 that the firm has already installed Bitcoin ATMs at five Simon Malls locations in California, Florida and Georgia. Bitstop co-founder and CEO Andrew Barnard said that the machines were installed ahead of the holiday season: “With the strategic timing of this new installation of Bitcoin ATMs at Simon Mall locations, customers can conveniently buy Bitcoin while doing their Black Friday and Christmas holiday shopping.” Bitsop, …

The number of Bitcoin (BTC) ATMs installed worldwide has now surpassed a new milestone surpassing 6,000. Online resource CoinATMRadar shows that there are currently 6,004 machines installed worldwide, over 65% of which are in the United States. The United States dwarfs other countries in Bitcoin ATMs Furthermore, 108 machines have been deployed this month and data also shows that the average daily number of Bitcoin ATMs installed is 11 — the fastest pace this year. Over three-quarters of the machines installed worldwide are in North America, nearly 20% in Europe and only 2% in Asia. The U.S. is home to …

United States Internal Revenue Service (IRS) Criminal Investigation Chief John Fort said that the regulator is looking into potential tax issues caused by Bitcoin (BTC) ATMs and kiosks. According to Bloomberg Law on Nov. 15, Fort said that the IRS is collaborating with law enforcement to investigate illicit uses of new technologies like cryptocurrencies, stating: “We’re looking at those, and the ones that may or may not be connected to bank accounts [...] In other words, if you can walk in, put cash in and get bitcoin out, obviously we’re interested potentially in the person using the kiosk and what …

Bitcoin (BTC) ATM firm Bitstop installed one of its machines at the Miami International Airport, announcing the news in a press release published on Oct. 15. The Bitcoin ATM has been reportedly installed in concourse G next to gate 16 and allows customers to buy Bitcoin for cash. A strategic position The company claims that the location is strategic for the machine, given that Miami’s airport is the third-busiest in the United States in international passenger traffic. Miami International Airport is also “the largest gateway between the U.S. and Latin America and is one of the largest airline hubs in …

Ripple’s Xpring and Blockchain Finance Fund have invested $1.5 million in Seattle-based crypto ATM startup Coinme. Coinme secures $1.5 million in funding On Sept. 12, Coinme, a global leader in cryptocurrency ATMs, announced that it had secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to further develop its cryptocurrency ATM network in the United States and international markets. Coinme, in partnership with Coinstar, powers the world’s largest Bitcoin (BTC) ATM network, with over 2,600 kiosks across the U.S. Neil Bergquist, co-founder and CEO of Coinme said: “We are bolstered by this vote of confidence by …

According to data by Coin ATM Radar, Venezuela has finally gotten its very first Bitcoin ATM. Multiple attempts to install Bitcoin ATM Venezuela’s first crypto ATM was installed on Sept. 10, in the city of San Antonio del Táchira, according to data by Coin ATM Radar, a website that facilitates the online search for the nearest Bitcoin ATM. Latin American firm Panda BTM installed the Bitcoin ATM inside a small convenience store, called Viajes e Inversiones HC. The machine supports cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), and DASH, as well as the official currency of Venezuela and Colombian …

The global peer-to-peer Bitcoin (BTC) marketplace, Paxful, and Medellin-based blockchain company, CoinLogiq, are joining forces to bring 20 new crypto ATMs to Colombia and, later, 25 to Peru. Colombians will have access to 20 new ATMs In a press release shared with Cointelegraph on Sept. 5, Paxful announced that it is joining forces with CoinLogiq to bring 20 new ATMs to several points of interest to the main Colombian cities such as Bogota and Medellín. The partnership between the two companies will reportedly encourage people to withdraw digital currencies in the area of Medellin and other cities in Colombia and …

Bitcoin (BTC) and cryptocurrency ATMs need a licensing scheme, authorities in the state of Nevada have officially announced. Bitcoin ATM operators must contact authorities In a statement first reported on by local news media outlet Nevada Current on Aug. 28, the state’s finance regulator, the Financial Institutions Division of the Department of Business and Industry (NFID), said ATM operators must conform to existing rules. “Any entity that facilitates the transmission of or holds fiat or digital currency by way of brick-and-mortar, kiosk, mobile, internet or any other means, should contact the NFID to request a licensure determination,” it reads. The …

The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed robbery. BaFin publishes summary of current regulation On Aug. 16, the BaFin published a leaflet for issuers of crypto tokens that summarized current German legal standards in the field. By condensing active regulations in such a fashion, the BaFin reportedly hopes to encourage compliance among …

A Bitcoin (BTC) automatic teller machine (ATM) has allegedly been stolen in the United States with the theft caught on tape. Bitcoin ATM theft in the U.S. A Bitcoin ATM has reportedly been stolen by two alleged thieves in a mall situated in Washington DC on Aug. 3, according to a report published by Finnish news outlet Ilta Sanomat on Aug. 22. Moreover, the alleged two suspects have been filmed by a surveillance camera as they stole the machine. The two reportedly timed their actions to take place when the shops were closed, but the mall itself was still open. …

LibertyX, the firm that launched America’s first Bitcoin (BTC) automated teller machine (ATM), will add 90 new machines to its network. In order to expand the network, Boston-based LibertyX has partnered with independent ATM operator DesertATM, according to a report by global ATM market publication ATMmarketplace on July 18. As a part of the partnership, DesertATM will upload LibertyX on 90 of its Genmega ATMs to enable Bitcoin operations. New Bitcoin ATM locations will include gas stations such as AMPM, ARCO & Chevron, as well as Family Dollar retail stores, the press release notes. In October 2018, LibertyX teamed up …

Finland-based cryptocurrency firm Prasos has secured a payment institution license via the Finnish Financial Supervisory Authority (FFSA). The news comes by way of an official announcement via its crypto exchange website on July 12. According to the announcement, Prasos is now the third crypto firm in Europe to secure a payment institution license. According to its website, Prasos operates a crypto exchange, a crypto investment platform, and Bitcoin (BTC) ATMs. Prasos stated that, thanks to its new license, its crypto investment platform Coinmotion is now capable of supporting a payment service in the European Economic Area, which includes EU member …