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US shutdowns lead to global decline in Bitcoin ATMs

The global network of Bitcoin ATMs is experiencing a significant contraction, marked by the recent shutdown of 300 machines across the United States. This decline reflects mounting regulatory pressures and operational challenges faced by the cryptocurrency industry.

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The global network of Bitcoin ATMs is experiencing a significant contraction, marked by the recent shutdown of 300 machines across the United States. This decline reflects mounting regulatory pressures and operational challenges faced by the cryptocurrency industry.

According to recent data, the total number of Bitcoin ATMs worldwide has decreased, with the U.S. accounting for the majority of closures. These shutdowns come amid increasing scrutiny from regulatory bodies, which have raised concerns about the potential misuse of these machines for illegal activities such as money laundering and fraud.

The U.S. regulatory landscape has become particularly stringent, with authorities implementing more rigorous compliance requirements for Bitcoin ATM operators. This includes enhanced Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, which many operators find difficult and costly to implement.

Industry experts suggest that these regulatory challenges are a significant factor behind the reduction in the number of Bitcoin ATMs. “The increased regulatory demands are proving to be a formidable barrier for many operators, leading to a wave of closures,” said a spokesperson from a leading cryptocurrency research firm.

Despite these setbacks, the demand for cryptocurrency access points remains high, especially as digital currencies gain broader acceptance. Bitcoin ATMs have been a convenient on-ramp for new users, offering a straightforward way to buy and sell Bitcoin using cash. However, the current trend suggests that the industry needs to adapt to survive in a more regulated environment.

Companies operating Bitcoin ATMs are now focusing on enhancing compliance measures to meet regulatory standards. This includes investing in advanced software solutions for better monitoring and reporting, as well as improving customer verification processes.

In response to the closures, some Bitcoin ATM operators are exploring new markets with more favorable regulatory climates. Additionally, there is a push within the industry to engage with regulators and policymakers to develop clearer guidelines that balance innovation with security and compliance.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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