Binance Square
LIVE
Roriyo
@donaroriyo
لا سند لك إلا نفسك‏...أن تفشل في الإبداع، أفضل من أن تنجح في التقليد.‏
Following
Followers
Liked
Shared
All Content
LIVE
--
🔗 link in #airdrops : https://app.midle.io/register?ref=661eec74edac20d6ced97c34 Attention, Spartans! The @midle_official Private Sale starts on April 24th, 6:00 PM UTC. Midle is a web and mobile app that boosts user acquisition, engagement, and retention for brands. It's also a task-to-earn platform for users. Accelerated by @CoinTelegraph . Received a grant from @Binance_Announcement BNBChain , @NibiruChain , and @PlenaFinance . Partnered with @LineaBuild , @taikoxyz , @okx , @Cookie3_com and many more. Here is everything you need to know.  Round 1: April 24th, 6:00 PM UTC Allocation Details: - Every 25k $SPARTA: $3,500  Round 2 (FCFS): April 25th, 6:00 PM UTC Allocation Details: - Every 25k $SPARTA: $2,000 - Hero: $2,000
🔗 link in #airdrops :
https://app.midle.io/register?ref=661eec74edac20d6ced97c34

Attention, Spartans! The

@midle_official

Private Sale starts on April 24th, 6:00 PM UTC. Midle is a web and mobile app that boosts user acquisition, engagement, and retention for brands. It's also a task-to-earn platform for users. Accelerated by

@CoinTelegraph

. Received a grant from

@Binance Announcement BNBChain

,

@NibiruChain

, and

@PlenaFinance

. Partnered with

@LineaBuild

,

@taikoxyz

,

@okx

,

@Cookie3_com

and many more. Here is everything you need to know.  Round 1: April 24th, 6:00 PM UTC Allocation Details: - Every 25k $SPARTA: $3,500  Round 2 (FCFS): April 25th, 6:00 PM UTC Allocation Details: - Every 25k $SPARTA: $2,000 - Hero: $2,000
See original
Also read: The fall in the price of #BTC BTC reaches 17.5%! CryptoQuant's PnL Index is made up of three on-chain indicators that show the profitability of bitcoin. The index previously indicated that the cryptocurrency market would enter a bull cycle in 2024. However, the chart above shows that the current level is slightly lower than those seen when the market peaked during the 2013 bull cycles , 2017 and 2021. Only one month left until bitcoin halving In addition to the parameters discussed above, the upcoming bitcoin halving is a major factor that is expected to support the BTC price, paving the way for a parabolic uptrend. According to the countdown of #CoinMarketCap , the next bitcoin halving will take place in less than 31 days. With approximately 4,450 blocks to process, the fourth bitcoin halving is expected to take place on April 20, with a 50% reduction in miner rewards from 6.25 BTC to 3.125 BTC. Historically, the halving of the bitcoin supply has always been associated with a rise in the price of bitcoin. Halving has always preceded a significant bullish movement in the bitcoin market. Standard Chartered Bank made a bold prediction, increasing its forecast for the price of BTC from 100,000,$ to 150,000,$ in 2024. In an investment note to clients on Monday March 18, Standard Chartered Bank analysts wrote, “For 2024, given the larger than expected price gains since the start of the year, we now see potential for the price to reach the 150,000 level $ by the end of the year, compared to our previous estimate of $100,000. » The bank also predicted that the BTC price would reach a cycle high at $250,000 in 2025 before stabilizing around $200,000. #BTC #Halving #BitcoinHalving.
Also read: The fall in the price of #BTC BTC reaches 17.5%!

CryptoQuant's PnL Index is made up of three on-chain indicators that show the profitability of bitcoin. The index previously indicated that the cryptocurrency market would enter a bull cycle in 2024. However, the chart above shows that the current level is slightly lower than those seen when the market peaked during the 2013 bull cycles , 2017 and 2021.

Only one month left until bitcoin halving
In addition to the parameters discussed above, the upcoming bitcoin halving is a major factor that is expected to support the BTC price, paving the way for a parabolic uptrend.
According to the countdown of #CoinMarketCap , the next bitcoin halving will take place in less than 31 days.

With approximately 4,450 blocks to process, the fourth bitcoin halving is expected to take place on April 20, with a 50% reduction in miner rewards from 6.25 BTC to 3.125 BTC.

Historically, the halving of the bitcoin supply has always been associated with a rise in the price of bitcoin. Halving has always preceded a significant bullish movement in the bitcoin market.

Standard Chartered Bank made a bold prediction, increasing its forecast for the price of BTC from 100,000,$ to 150,000,$ in 2024.

In an investment note to clients on Monday March 18, Standard Chartered Bank analysts wrote,

“For 2024, given the larger than expected price gains since the start of the year, we now see potential for the price to reach the 150,000 level $ by the end of the year, compared to our previous estimate of $100,000. »

The bank also predicted that the BTC price would reach a cycle high at $250,000 in 2025 before stabilizing around $200,000.
#BTC #Halving #BitcoinHalving.
See original
The Bitcoin bull cycle is far from over with Halving Strong double-digit corrections in bitcoin price are usual as data shows BTC remains in a strong bull cycle. Over the past 48 hours, the price of bitcoin BTC tickers down $65225 fell 13% from its new all-time high of $73,835 to briefly trade near $60,000. The correction was caused by overheated market conditions in what analysts have dubbed a “pre-halving pullback” ahead of the bitcoin halving which will take place in about 30 days. However, a report from CryptoQuant shows that bitcoin's bull cycle is not over, given the relatively low level of investment flows from new investors and price valuation metrics that remain below levels seen during previous market highs. The on-chain data analytics firm's weekly cryptocurrency report reveals that 48% of bitcoin investments come from short-term holders. According to CryptoQuant analysts, the “bull cycle typically ends with 84% to 92% of investments” coming from these new investors ••“The bitcoin bull cycle is still far from over, as shown by the relatively low level of new investment flows.”•• The chart above also reveals that this metric has “reached levels similar to mid-2019 (52%), when bitcoin also saw a significant correction,” something short-term traders should be wary of. The CryptoQuant report also revealed that valuation metrics are still below levels consistent with previous market highs. “The CryptoQuant P&L Index is still outside of a market top zone (red zone) and above the index's one-year moving average. #Bitcoin(BTC) #HotTrends
The Bitcoin bull cycle is far from over with Halving

Strong double-digit corrections in bitcoin price are usual as data shows BTC remains in a strong bull cycle.

Over the past 48 hours, the price of bitcoin
BTC

tickers down
$65225

fell 13% from its new all-time high of $73,835 to briefly trade near $60,000. The correction was caused by overheated market conditions in what analysts have dubbed a “pre-halving pullback” ahead of the bitcoin halving which will take place in about 30 days.

However, a report from CryptoQuant shows that bitcoin's bull cycle is not over, given the relatively low level of investment flows from new investors and price valuation metrics that remain below levels seen during previous market highs.

The on-chain data analytics firm's weekly cryptocurrency report reveals that 48% of bitcoin investments come from short-term holders. According to CryptoQuant analysts, the “bull cycle typically ends with 84% to 92% of investments” coming from these new investors

••“The bitcoin bull cycle is still far from over, as shown by the relatively low level of new investment flows.”••

The chart above also reveals that this metric has “reached levels similar to mid-2019 (52%), when bitcoin also saw a significant correction,” something short-term traders should be wary of.

The CryptoQuant report also revealed that valuation metrics are still below levels consistent with previous market highs.

“The CryptoQuant P&L Index is still outside of a market top zone (red zone) and above the index's one-year moving average.
#Bitcoin(BTC) #HotTrends
#PIXEL will get listed on Binance at 2024-02-19 10:00 (UTC) . #PIXELUSDT is a social casual web3 game powered by the Ronin Network, It involves a mesmerizing open-world game that revolves around farming, exploration, and creation. PIXEL is the native utility and governance token in the Pixels ecosystem, and used in the following functions: Max Token Supply: 5,000,000,000 PIXEL Initial Circulating Supply: 771,041,667 PIXEL (15.42% of max token supply) with Trading Pairs: PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD and PIXEL/TRY In-game currency: NFT Minting: All future NFT mints from Pixels will be in $PIXEL. VIP Membership: Users will be able to purchase VIP Battle Passes in $PIXEL. Guilds: Users will be able to join a new social-fi feature (Guilds) by using $PIXEL. Quality of Life Upgrades: Premium in-game features will be sold in $PIXEL. Governance: $PIXEL will eventually be used to govern a community treasury. The ecosystem consists of the following major systems working in conjunction: Play-to-Earn (P2E): Pixels is innovating on web3 incentive design. #Write2Earn #TrendingTopic #The_Bitcoinbull
#PIXEL will get listed on Binance at 2024-02-19 10:00 (UTC) .

#PIXELUSDT is a social casual web3 game powered by the Ronin Network, It involves a mesmerizing open-world game that revolves around farming, exploration, and creation.

PIXEL is the native utility and governance token in the Pixels ecosystem, and used in the following functions:

Max Token Supply: 5,000,000,000 PIXEL
Initial Circulating Supply: 771,041,667 PIXEL (15.42% of max token supply) with Trading Pairs: PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD and PIXEL/TRY

In-game currency:

NFT Minting: All future NFT mints from Pixels will be in $PIXEL .

VIP Membership: Users will be able to purchase VIP Battle Passes in $PIXEL .

Guilds: Users will be able to join a new social-fi feature (Guilds) by using $PIXEL .

Quality of Life Upgrades: Premium in-game features will be sold in $PIXEL .

Governance: $PIXEL will eventually be used to govern a community treasury.

The ecosystem consists of the following major systems working in conjunction:

Play-to-Earn (P2E): Pixels is innovating on web3 incentive design.

#Write2Earn #TrendingTopic #The_Bitcoinbull
Binance Offers Big Money to Stop Secret Sharing Binance's $10,000 offer to employees aims to end insider trading and leaks Binance's co-founder, Yi He, has unveiled a groundbreaking $10,000 reward program for employees who uncover insider trading or unauthorized information leaks. Announced through a series of tweets, this move is Yi He's strategy to confront the growing suspicion of unethical behavior within the cryptocurrency giant, Binance. She forcefully articulates a no-tolerance policy: employees implicated in disclosing confidential information will be terminated after a preliminary warning. In the wake of unusual trading patterns observed with the Ronin token—believed to be due to premature information leaks—Binance has instituted rigorous safeguards. Any crypto listings affected by leaks are subject to immediate cancellation or postponement, a clear indication of Binance's commitment to preserving the sanctity of market operations. This proactive stance mirrors the broader industry's battle with insider trading, notably paralleled by the scandal that rocked Coinbase, where privileged information was misused for financial gain. #Write2Earn #TrendingTopic #BNB🔥
Binance Offers Big Money to Stop Secret Sharing

Binance's $10,000 offer to employees aims to end insider trading and leaks
Binance's co-founder, Yi He, has unveiled a groundbreaking $10,000 reward program for employees who uncover insider trading or unauthorized information leaks. Announced through a series of tweets, this move is Yi He's strategy to confront the growing suspicion of unethical behavior within the cryptocurrency giant, Binance. She forcefully articulates a no-tolerance policy: employees implicated in disclosing confidential information will be terminated after a preliminary warning.

In the wake of unusual trading patterns observed with the Ronin token—believed to be due to premature information leaks—Binance has instituted rigorous safeguards. Any crypto listings affected by leaks are subject to immediate cancellation or postponement, a clear indication of Binance's commitment to preserving the sanctity of market operations. This proactive stance mirrors the broader industry's battle with insider trading, notably paralleled by the scandal that rocked Coinbase, where privileged information was misused for financial gain.
#Write2Earn #TrendingTopic #BNB🔥
See original
Hong Kong is cracking down on crypto money launderers in the wake of the $193 million JPEX scandal The Hong Kong Customs and Excise Department is looking to tighten regulatory measures to address money laundering risks associated with cash-for-cryptocurrency stores, the South China Morning Post reported on October 21. This decision comes after the police arrested some shop owners in Hong Kong. In connection with the alleged $192.7 million fraud committed on the JPEX cryptocurrency exchange. In Hong Kong, traditional money changers are supervised by the Customs and Excise Department. However, over-the-counter (OTC) cryptocurrency exchanges currently operate without a license or regulatory oversight. Some of these OTC shops promoted JPEX investment offerings, which the Securities and Futures Commission (SFC) deemed “too good to be true.” Hong Kong regulators are reviewing options to plug regulatory loopholes exposed by the JPEX scandal, said Louise Ho Pui Chan, Customs and Excise Commissioner.
Hong Kong is cracking down on crypto money launderers in the wake of the $193 million JPEX scandal

The Hong Kong Customs and Excise Department is looking to tighten regulatory measures to address money laundering risks associated with cash-for-cryptocurrency stores, the South China Morning Post reported on October 21. This decision comes after the police arrested some shop owners in Hong Kong. In connection with the alleged $192.7 million fraud committed on the JPEX cryptocurrency exchange.

In Hong Kong, traditional money changers are supervised by the Customs and Excise Department. However, over-the-counter (OTC) cryptocurrency exchanges currently operate without a license or regulatory oversight. Some of these OTC shops promoted JPEX investment offerings, which the Securities and Futures Commission (SFC) deemed “too good to be true.”

Hong Kong regulators are reviewing options to plug regulatory loopholes exposed by the JPEX scandal, said Louise Ho Pui Chan, Customs and Excise Commissioner.
FBI charges six individuals in multimillion-dollar Bitcoin money-laundering scheme The Federal Bureau of Investigation (FBI) has charged six individuals in connection to an unlicensed money-transmitting business involving crypto as a money laundering tool. Court filings dated Oct. 18 indicate that the accused individuals worked to convert Bitcoin and other cryptocurrencies to cash at least between July 2021 and September 2023. The conversion process involved cash shipped via the U.S. postal system in exchange for cryptocurrency as well as in-person cash pickups. The six accused individuals are Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel. The FBI charged those individuals with one count of conspiracy to operate an unlicensed money-transmitting business and one count of operating an unlicensed money-transmitting business. The case text requests a warrant for the individuals’ arrests, indicating that they had not yet been brought into custody at the time of the court filing. The case is proceeding in the Southern District of New York, where the criminal activity largely took place. New York has stringent crypto rules as well as regulations that require anyone transmitting money to obtain the relevant license. Two others were involved in conspiracy Though six individuals have been charged, they do not make up the entire operation. One anonymous co-conspirator began to communicate with law enforcement after being contacted by an undercover officer around January 2023. The co-conspirator, who operated on darknet markets and peer-to-peer crypto exchanges, revealed he had earned $30 million in crypto by swapping funds. He also stated that many clients of the service were drug dealers and hackers. Another individual who mailed cash on behalf of the co-conspirator was later arrested by law enforcement and became a confidential source. That individual eventually began to participate in controlled cash pickups with law enforcement.
FBI charges six individuals in multimillion-dollar Bitcoin money-laundering scheme

The Federal Bureau of Investigation (FBI) has charged six individuals in connection to an unlicensed money-transmitting business involving crypto as a money laundering tool.

Court filings dated Oct. 18 indicate that the accused individuals worked to convert Bitcoin and other cryptocurrencies to cash at least between July 2021 and September 2023. The conversion process involved cash shipped via the U.S. postal system in exchange for cryptocurrency as well as in-person cash pickups.

The six accused individuals are Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel.

The FBI charged those individuals with one count of conspiracy to operate an unlicensed money-transmitting business and one count of operating an unlicensed money-transmitting business. The case text requests a warrant for the individuals’ arrests, indicating that they had not yet been brought into custody at the time of the court filing.

The case is proceeding in the Southern District of New York, where the criminal activity largely took place. New York has stringent crypto rules as well as regulations that require anyone transmitting money to obtain the relevant license.

Two others were involved in conspiracy

Though six individuals have been charged, they do not make up the entire operation. One anonymous co-conspirator began to communicate with law enforcement after being contacted by an undercover officer around January 2023.

The co-conspirator, who operated on darknet markets and peer-to-peer crypto exchanges, revealed he had earned $30 million in crypto by swapping funds. He also stated that many clients of the service were drug dealers and hackers.

Another individual who mailed cash on behalf of the co-conspirator was later arrested by law enforcement and became a confidential source. That individual eventually began to participate in controlled cash pickups with law enforcement.
See original
Week 3 of the SBF Experience details the lavish spending of clients' money on real estate, endorsements and more The third week of the trial of Sam Bankman Fried (SBF) began with even more explosive revelations when Nishad Singh, former engineering director of FTX, took the stand to testify against the former billionaire. Following Singh's confession and revelations, forensic accountants and former general counsel of FTX took the stand to give more information about the misuse of client funds between the exchange and sister hedge fund Alameda Research .
Week 3 of the SBF Experience details the lavish spending of clients' money on real estate, endorsements and more

The third week of the trial of Sam Bankman Fried (SBF) began with even more explosive revelations when Nishad Singh, former engineering director of FTX, took the stand to testify against the former billionaire.

Following Singh's confession and revelations, forensic accountants and former general counsel of FTX took the stand to give more information about the misuse of client funds between the exchange and sister hedge fund Alameda Research .
Exchanges freeze $2M in crypto stolen from Atomic Wallet in June On Oct. 19, Atomic Wallet announced that several cryptocurrency exchanges have frozen funds suspected to be stolen from user wallets during an unauthorized transaction activity reported this summer. Atomic Wallet acknowledged that it began to receive reports on June 3 from users who reported unauthorized transactions. Among other measures, Atomic Wallet began to work with blockchain analytics firms to trace and freeze suspicious transfers. Specifically, Atomic worked with Chainalysis and Crystal Blockchain to trace funds across various chains, bridges, and coin mixers. Bitcoin, Ethereum, Avalanche, TRON, and various other blockchains and tokens were named in the latest report. After the funds were traced, Atomic Wallet worked with various crypto exchanges to freeze deposited funds. The company wrote that it “extends heartfelt gratitude” to the exchanges that collaborated to freeze funds linked to reported transactions. It added that those exchanges “were pivotal in mitigating the impact of the incident.” Atomic Wallet did not say which cryptocurrency exchanges it worked with to block the transfers, and it does not appear that any exchanges have identified themselves. Frozen amount could be 2% of all stolen funds Atomic Wallet did not state how much crypto was stolen during the June thefts. Instead, it said that the incident affected less than 0.1% of its users and added that no new thefts have been reported since the initial attacks on June 3. Unofficial estimates provide some indication of the true total. The analytics firm Elliptic estimated shortly after the attack that at least $100 million had been stolen, meaning that the $2 million frozen is likely just a small amount of all stolen funds. Atomic Wallet did not describe any process for recovering the funds or returning crypto to the affected users. The wallet provider instead stated that it is currently working with law enforcement and can only provide some details to the public. . on CryptoSlate.
Exchanges freeze $2M in crypto stolen from Atomic Wallet in June

On Oct. 19, Atomic Wallet announced that several cryptocurrency exchanges have frozen funds suspected to be stolen from user wallets during an unauthorized transaction activity reported this summer.

Atomic Wallet acknowledged that it began to receive reports on June 3 from users who reported unauthorized transactions. Among other measures, Atomic Wallet began to work with blockchain analytics firms to trace and freeze suspicious transfers.

Specifically, Atomic worked with Chainalysis and Crystal Blockchain to trace funds across various chains, bridges, and coin mixers. Bitcoin, Ethereum, Avalanche, TRON, and various other blockchains and tokens were named in the latest report.

After the funds were traced, Atomic Wallet worked with various crypto exchanges to freeze deposited funds. The company wrote that it “extends heartfelt gratitude” to the exchanges that collaborated to freeze funds linked to reported transactions. It added that those exchanges “were pivotal in mitigating the impact of the incident.”

Atomic Wallet did not say which cryptocurrency exchanges it worked with to block the transfers, and it does not appear that any exchanges have identified themselves.

Frozen amount could be 2% of all stolen funds

Atomic Wallet did not state how much crypto was stolen during the June thefts. Instead, it said that the incident affected less than 0.1% of its users and added that no new thefts have been reported since the initial attacks on June 3.

Unofficial estimates provide some indication of the true total. The analytics firm Elliptic estimated shortly after the attack that at least $100 million had been stolen, meaning that the $2 million frozen is likely just a small amount of all stolen funds.

Atomic Wallet did not describe any process for recovering the funds or returning crypto to the affected users. The wallet provider instead stated that it is currently working with law enforcement and can only provide some details to the public.
. on CryptoSlate.
See original
Bitcoin approaches $30,000 and rises by 5.4% within 24 hours # Bitcoin (BTC) is fast approaching the $30,000 level, according to the latest data from Binance. Over the past 24 hours, Bitcoin registered a strong price increase of 5.4%, building on its recent momentum.
Bitcoin approaches $30,000 and rises by 5.4% within 24 hours #

Bitcoin (BTC) is fast approaching the $30,000 level, according to the latest data from Binance. Over the past 24 hours, Bitcoin registered a strong price increase of 5.4%, building on its recent momentum.
See original
European authorities issue consultation paper on cryptoasset guidelines According to Cointelegraph, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly released a consultation paper including two drafts on October 20. These drafts focus on assessing the suitability of board members and shareholders or members holding qualifying stakes in Asset Token Issuers (ARTs) and Crypto Asset Service Providers (CASPs). The proposed joint guidelines aim to provide regulators with a common approach to assessing the suitability of shareholders or members, whether direct or indirect, who hold qualifying interests in ART or CASP issuers. This includes licensing the issuance of ART and CASP and conducting prudential assessments of potential acquisitions. In addition, the Guidelines provide uniform criteria for evaluating the knowledge, experience, integrity and ability of members of the management staff of ART and CASP issuing companies to devote sufficient time to fulfilling their responsibilities. These Guidelines are designed to promote and protect the integrity of the cryptocurrency market and associated services, as well as instill confidence by ensuring the suitability of both members of the governing body of ART and CASP issuers and individuals seeking to hold or acquire eligible stakes in them. . The consultation period will remain open until January 22, 2024
European authorities issue consultation paper on cryptoasset guidelines

According to Cointelegraph, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly released a consultation paper including two drafts on October 20. These drafts focus on assessing the suitability of board members and shareholders or members holding qualifying stakes in Asset Token Issuers (ARTs) and Crypto Asset Service Providers (CASPs).

The proposed joint guidelines aim to provide regulators with a common approach to assessing the suitability of shareholders or members, whether direct or indirect, who hold qualifying interests in ART or CASP issuers. This includes licensing the issuance of ART and CASP and conducting prudential assessments of potential acquisitions. In addition, the Guidelines provide uniform criteria for evaluating the knowledge, experience, integrity and ability of members of the management staff of ART and CASP issuing companies to devote sufficient time to fulfilling their responsibilities.

These Guidelines are designed to promote and protect the integrity of the cryptocurrency market and associated services, as well as instill confidence by ensuring the suitability of both members of the governing body of ART and CASP issuers and individuals seeking to hold or acquire eligible stakes in them. . The consultation period will remain open until January 22, 2024
Global Bitcoin ATMs sink to 2021 lows – Can BTC ETFs save the industry? Bitcoin ATMs take a global nosedive  Bitcoin ATMs have been an essential bridge in linking fiat or physical cash and digital currencies. In this case, bitcoin ATMs serve to offer Bitcoin exchange of BTC tokens to fiat, or vice versa. BTMs have made BTC more accessible to anyone around the globe. However, the number of BTC ATMs has reduced, hitting its all-time low since 2021.  Since 2022, the number of installed BTC ATMs has dropped by 7,000, indicating a 17% drop. This is according to data from AltIndix reported on Wednesday. Currently, the number of installed BTC ATMs is recorded at 32,500 this year.  The United States holds the highest number of BTMs, and the numbers also show a decline in their installation across the region. It has a higher number 18 times the ATMs installed across Europe, which hosts over 1,400 BTMs.  There are various reasons that have led to this decline in installations, among them being scammers placing ads on sites like eBay and asking buyers to deposit funds in BTC on specific BTC wallets. The funds later vanished.  According to Brandon Mintz, the Chief Executive Officer  (CEO) and founder of the publicly traded bitcoin ATM operator Bitcoin Deport (BTM) stated that the dwindling number of BTMs is based on ATMs going out of business or closure of unprofitable BTMs. He was quoted stating: This creates an opportunity for us that allows us to further increase market share through acquisitions and organic kiosk growth in additional retail locations.
Global Bitcoin ATMs sink to 2021 lows – Can BTC ETFs save the industry?

Bitcoin ATMs take a global nosedive 

Bitcoin ATMs have been an essential bridge in linking fiat or physical cash and digital currencies. In this case, bitcoin ATMs serve to offer Bitcoin exchange of BTC tokens to fiat, or vice versa. BTMs have made BTC more accessible to anyone around the globe. However, the number of BTC ATMs has reduced, hitting its all-time low since 2021. 

Since 2022, the number of installed BTC ATMs has dropped by 7,000, indicating a 17% drop. This is according to data from AltIndix reported on Wednesday. Currently, the number of installed BTC ATMs is recorded at 32,500 this year. 

The United States holds the highest number of BTMs, and the numbers also show a decline in their installation across the region. It has a higher number 18 times the ATMs installed across Europe, which hosts over 1,400 BTMs. 

There are various reasons that have led to this decline in installations, among them being scammers placing ads on sites like eBay and asking buyers to deposit funds in BTC on specific BTC wallets. The funds later vanished. 

According to Brandon Mintz, the Chief Executive Officer  (CEO) and founder of the publicly traded bitcoin ATM operator Bitcoin Deport (BTM) stated that the dwindling number of BTMs is based on ATMs going out of business or closure of unprofitable BTMs. He was quoted stating:

This creates an opportunity for us that allows us to further increase market share through acquisitions and organic kiosk growth in additional retail locations.
See original
Please, if anyone sees this post of mine, follow me. I need people to follow me. Your support motivates us to search and provide breaking news about digital currencies.
Please, if anyone sees this post of mine, follow me. I need people to follow me. Your support motivates us to search and provide breaking news about digital currencies.
welcome to news majority today to riseto rise Clear for himfor him Solana Opposite Dollar
welcome to news majority today to riseto rise Clear for himfor him Solana Opposite Dollar
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More

Trending Articles

View More
Sitemap
Cookie Preferences
Platform T&Cs