Search results for "ATM"

Texas police dismantle Crypto Assets ATM machines, recovering $25,000 in fraud losses.

Gate News bot reported that, according to Cointelegraph, after a family in Texas was scammed out of $25,000, a county sheriff used a power-cutting tool to disable a local Crypto Assets ATM. This action sparked controversy among Crypto Assets users regarding his behavior.
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U.S. Department of Justice: Brother-in-law stole $794,000 from elderly victims by transferring phone numbers to bypass mobile two-factor identification.

According to Gate News bot, The Daily Hodl reports that two men from California face up to 30 years in prison for allegedly implementing a scheme to fraudulently access elderly victims' bank accounts and steal their funds.
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Crypto Assets ATM operator Localcoin announced the expansion into the Hong Kong market, with 31 BTC ATMs deployed.

Golden Finance reported that Cryptocurrency ATM operator Localcoin announced the expansion of the Hong Kong market, with 31 BTC ATMs deployed. The company had previously deployed 93 BTC ATMs in Australia and New Zealand, and as of now, its network has expanded to 517 locations worldwide.
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Michael Saylor: MicroStrategy creates value for MSTR shareholders through BTC financial operations

BlockBeats news, on November 22nd, Michael Saylor posted on social media that MicroStrategy relies on its BTC financial operations. By selling volatility through the ATM (Automated Market Maker) product, BTC's risk, volatility, and performance are separated from fixed income securities and transferred to MSTR.
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Hengyin Technology: The main business is the research and development and manufacturing of financial intelligent terminal equipment. There is a risk of performance loss in the company.

Hengyin Technology has issued an abnormal Fluctuation announcement, but production and operation are normal, and there has been no significant change in the operating environment. The main business is the research and development and manufacturing of financial intelligent terminal equipment, implying the risk of performance loss, reminding investors to invest rationally.
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Fan Token zone rise, PSG rises over 45% in 24 hours

Fan Token zone has seen a general rise, with PSG's 24-hour increase reaching as high as 45.5%, and BAR, ATM, ACM, and CITY all experiencing varying degrees of gains.
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The UK Financial Conduct Authority has for the first time charged an individual operating an illegal encryptionATM network.

Odaily Planet Daily News According to the official announcement of the Financial Conduct Authority (FCA) in the UK, Olumide Osunkoya, 45 years old and residing in London, has been charged with illegally operating multiple cryptocurrency ATMs without FCA registration. From December 29, 2021, to September 8, 2023, his ATMs processed 260 transactions at multiple locations.
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Spokane, Washington, USA, bans Bitcoin ATMs due to a surge in Crypto Assets fraud.

PANews reported on June 18 that the Spokane City Council in Washington State unanimously passed a bill banning the operation of all Crypto Assets ATMs within the city, becoming the first city in the state to implement such a ban. More than 50 existing devices must be removed within 60 days, and violators will face civil penalties. City Council member Paul Dillon stated that the ban aims to protect residents from fraud using Crypto Assets ATMs.
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The second largest city in Washington State, Spokane, has issued a ban on Crypto Assets ATMs to combat fraud.

Gate News bot News, Spokane, the second largest city in Washington State, has banned the use of Crypto Assets ATMs to combat the growing wave of scams targeting residents of the city. The Spokane City Council stated on Monday that, by unanimous vote, the city has become the first in Washington State to ban Crypto Assets ATMs. This measure was proposed by City Councilman Paul Dillon. He stated that Crypto Assets ATMs "have become the preferred tool for scammers to defraud unsuspecting victims," and that this ban will "protect Spokane's vulnerable residents from scams involving virtual money self-service terminals."
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BitFuFu plans to launch a $150 million ATM financing.

According to BlockBeats news, on June 11, Bitcoin mining and cloud mining service provider BitFuFu launched a new market (ATM) stock issuance plan, aiming to raise up to $150 million. According to documents submitted to the SEC, the company signed an ATM sales agreement with B Riley Securities, Cantor Fitzgerald, Northland Securities, and Roth Capital Partners on June 10. Under this agreement, BitFuFu can issue and sell Class A common shares from time to time through the aforementioned agents as needed, and the shares will be sold on Nasdaq or other trading markets.
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BitFuFu launches a new ATM stock issuance plan, aiming to raise $150 million.

According to Gate News bot, as reported by Wu, Bitcoin mining and cloud mining service provider BitFuFu has launched a new ATM stock issuance plan. According to documents submitted to the SEC, BitFuFu signed an ATM sales agreement on June 10 with B Riley Securities, Cantor Fitzgerald, Northland Securities, and Roth Capital Partners. This protocol allows BitFuFu to issue and sell Class A common stock on an irregular basis through the aforementioned agencies, with a planned fundraising limit of $150 million. These stocks will be traded on Nasdaq or other trading markets.
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North Dakota Senate passes encryption ATM bill: daily transaction limit of $2000.

The North Dakota Senate passed the HB 1447 bill regulating cryptocurrency ATMs by an overwhelming vote. The bill stipulates numerous regulatory requirements, including a daily withdrawal limit for users, operators needing to obtain a license, and the use of blockchain analysis tools to monitor suspicious activities. After the bill is reviewed and passed, it will be submitted for the governor's signature. This move is expected to curb fraud risks, encourage users to shift to compliance trading platforms, while potentially leading small operators to exit the market, promoting the industry towards compliance.
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US senators propose to curb encryptionATM fraud and introduce the "encryptionATM Fraud Prevention Act"

U.S. Senator Durbin has proposed a new bill aimed at reducing ATM fraud cases involving encryption. The bill requires encryption ATM operators to provide consumers with guidance on fraud prevention and limit deposit amounts. This is to prevent criminals from using phone threats to defraud victims, especially protecting consumers using encryption ATMs for the first time. This bill is one of the first legislation in the U.S. related to Crypto Assets, but it must receive support from Congress and be signed by the president.
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Cross-Chain Interaction trading aggregation platform Unizen has reached a cooperation with the Latin American banking network SuRed

BlockBeats news, on November 27th, Cross-Chain Interaction trading aggregation platform Unizen announced a partnership with SuRed, the largest banking transaction network in Latin America. This collaboration is the first integration of Cross-Chain Interaction platform with TradFi. SuRed's 12 million users can directly trade USDT, ETH, BTC, and Unizen Token through 27,000+ ATM outlets.
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Pacific Securities: The future development potential of Digital Money is enormous, and companies in the upstream, midstream, and downstream have investment opportunities.

Gate News bot news, Pacific Securities research report believes that the future development potential of Digital Money is enormous, and technology and service companies in related fields have investment opportunities. Among upstream companies, those involved in encryption and cybersecurity will benefit directly, and it is recommended to follow companies with technological advantages. Midstream bank IT service providers will also gain from bank system upgrades and the promotion of Digital Money. On the downstream side, the transformation of hardware and software Wallets and terminal devices will bring new business opportunities, especially in the upgrade field of devices such as POS machines and ATMs, which is worth paying special attention to.
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Australian regulators warn crypto ATM operators to guard against money laundering risks

The Australian Transaction Reports and Analysis Centre has issued a warning to cryptocurrency ATM operators, indicating potential risks of Money Laundering and fraud. AUSTRAC will ensure that operators take measures to drop risks. Australia has 1,648 cryptocurrency ATMs, and recently the United States has also strengthened its regulation of cryptocurrency ATMs.
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The UK has issued its first criminal verdict against an illegal Cryptocurrency ATM operator

The UK Financial Conduct Authority (FCA) has disclosed its first criminal conviction for unregistered Cryptocurrency activities, imposing serious sanctions on Olumide Osunkoya, who operated an illegal Cryptocurrency ATM. Osunkoya operated ATMs at 28 locations without permission, processing £2.6 million in transactions. He later moved the ATMs and operated 12 machines under a pseudonym, facing allegations of Money Laundering risk. He became the first individual in the UK to be prosecuted for this and has admitted to five charges.
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The number of BTCATMs in Australia has risen for 29 consecutive months, which is the same as the total number in Europe.

Odaily Planet Daily News encryption ATM Data Tracker Coin ATM Radar shows that in the past 29 months, the number of BTC ATMs in Australia has been rising steadily. Currently, Australia has 1,359 ATMs, accounting for 3.5% of all BTC ATMs worldwide, ranking third globally. The number of BTC ATMs in Australia is almost on par with Europe. Europe has 1,660 BTC ATMs. If it exceeds Europe, Australia will become the third largest BTC ATM after the United States and Canada.
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Microstrategy has used $5.7 billion of the $21 billion ATM plan to purchase BTC.

MicroStrategy continues to purchase 51,780 BTC, using $570 million from its $2.1 billion ATM plan. If this purchasing continues, the plan funds will be depleted by the end of the year. Currently, MicroStrategy holds 331,200 BTC with a return rate of 41.8%.
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The Iranian banking payment system will officially connect with the Russian banking payment system.

On November 11th, Jinshi Data reported that according to multiple media reports in Iran, in the afternoon of the 11th local time, Russia's Mir Bank payment system will be officially connected to Iran's Shatab Bank payment system. Through this move, Iranian bank cards can be used on ATM machines in Russia, and users can receive funds in rubles from Russian ATM machines. The report stated that in the second phase of the project, Russian citizens living in Iran can also use their bank cards in the same way. In the third phase of the project, Iranian bank cards can be used in Russian stores through the Shatab system.
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The first illegal operation case of Cryptocurrency ATM in the UK was sentenced, involving 2.6 million pounds.

Golden Finance reported that the Westminster Magistrates' Court in the UK has heard a case involving the illegal operation of a Cryptocurrency ATM network. 45-year-old Olumide Osunkoya pleaded guilty to five charges, becoming the first person in the UK to be convicted for operating Cryptocurrency ATMs. Osunkoya operated multiple Cryptocurrency ATMs without registration, involving transactions totaling approximately 2.6 million pounds (340
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A man admits to illegally operating a CryptocurrencyATM network in the UK

The first conviction in the UK involving the operation of CryptocurrencyATM: 45-year-old Olumide Osunkoya admitted to illegally operating a CryptocurrencyATM network in the UK, involving transactions of approximately £2.6 million, which may be used for Money Laundering or tax evasion. The FCA has strengthened its crackdown on illegal CryptocurrencyATMs and plans to pass judgment on them.
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Public company Bitcoin Depot acquires Bitcoin ATM operator Pelicoin assets.

Odaily News Bitcoin Depot, a Nasdaq-listed Bitcoin ATM and fintech company, announced the acquisition of the assets of Bitcoin ATM operator Pelicoin, including the company's self-service terminals in Louisiana, Mississippi, Tennessee, Alabama, and Texas. The specific acquisition amount has not been disclosed. It is reported that Pelicoin's ATM network will be fully integrated into the Bitcoin Depot platform in the coming weeks, and all devices will transition to Bitcoin Depot.
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A new law in Oklahoma, USA will combat Crypto Assets ATM fraud.

A new law in Oklahoma will take effect in November, limiting the withdrawal amount for first-time users of crypto assets ATMs to $2000, enhancing regulations to prevent fraud, especially to protect the elderly. Victims can report and seek refunds within 14 days, marking an important initiative in the fight against digital fraud.
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Bitcoin ATM operator CoinFlip is seeking buyers, possibly selling for $1 billion.

According to Golden Finance reports, citing insiders from Bloomberg, Bitcoin ATM operator CoinFlip may join the Crypto Assets merger and acquisition frenzy, as the company is seeking a buyer for $1 billion. CoinFlip has hired a financial advisor to assist it in completing the initial sale phase. Bloomberg reports that, although CoinFlip aims to raise at least $1 billion, it is uncertain whether the company can achieve this goal and whether the sale can proceed smoothly. CoinFlip is the second largest Crypto Assets ATM operator after Bitcoin Depot, with data from CoinATMRadar showing that the latter maintains nearly 8,700 Bitcoin ATMs. According to CoinATMRadar, CoinFlip's ATMs are spread across the globe,
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Strategy company applied to issue $21 billion Class A shares through the ATM protocol.

Gate news bot message, according to the latest submitted documents, Strategy Company is applying to issue Class A shares with a total amount of up to 21 billion dollars through ATM( At-The-Market) sales agreement. This news comes from a report by AggrNews.
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Nebraska implements new regulations requiring Cryptocurrency ATM to provide anti-fraud warnings

Nebraska requires CryptocurrencyATMs to provide clear anti-fraud warnings to users before transactions to prevent fraudulent transactions. The new regulations will take effect from March 13, 2025, and apply to all CryptocurrencyATMs in Nebraska. Operators must ensure that users acknowledge the warning to raise public awareness of the risks associated with Cryptocurrency transactions.
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North Dakota proposed a bill to impose strict regulation on encryption ATM, aiming to limit transaction amounts and require ATMs to display fraud warnings.

North Dakota is proposing a bill to regulate Crypto Assets ATM strictly. The bill stipulates that the daily withdrawal limit is within $1000, the maximum transaction fee per transaction is $5 or 3%, and the ATM must display fraud warnings. Due to over 100 cases of Crypto Assets fraud in the state in 2023, the bill aims to protect residents from fraudulent activities.
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BTC ATM operator Byte Federal claims 58,000 users' personal data leaked

ChainCatcher message, Byte Federal, one of the largest BTC ATM operators in the United States, stated that in a recent breach, personal data of thousands of customers may have been leaked. Based in Florida, Byte Federal stated in documents submitted to the Maine Attorney General that hackers attempted to access data of 58,000 customers, including names, addresses, phone numbers, government-issued IDs, social security numbers, transaction activities, and user photos. The company said that the breach occurred on September 30 and was discovered by Byte Federal on November 18. The company stated that an undisclosed attacker exploited vulnerabilities in third-party software to gain access to the company's network. The company on 11
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4 consecutive boards Hengyin Technology: the short-term increase in the company's stock is far higher than the industry's increase

On September 26, Jinshi Data News, Hengyin Technology issued a risk warning announcement for stock trading. The short-term increase in the company's stock price is far higher than that of the same industry. The company is currently operating normally, and there have been no major changes in the company's operating conditions and internal and external operating environment recently. The company's main business is the research and development and manufacturing of financial intelligent terminal equipment, providing cash, non-cash, payment security, etc. required by banks and other customers, including but not limited to: Automated Teller Machines (ATMs), Cash Deposit/Withdrawal Machines (CRS), Large Amount High-Speed Cash Deposit/Withdrawal Machines (TCR), Intelligent Teller Machines (ITMs), and related technologies and services.
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Global BTC ATM reduces by over 600 units within two months

Golden Finance reported that according to Coin ATM Radar data, the number of BTC ATMs globally showed a significant decrease in the early third quarter of 2024. Specifically, there were 435 fewer ATMs in July and 182 fewer in August, totaling a decrease of 617 ATMs. The U.S. market showed the most significant performance, with a net decrease of 669 ATMs during the same period, accounting for 108.4% of the global decline.
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Data: Over 600 BTCATMs have been shut down globally in the past two months

The number of BTC ATMs globally has exceeded 600 in the first two months of the third quarter of 2024, with the highest number of ATMs being taken offline in the United States. Law enforcement agencies are shutting down BTC ATMs that are often involved in extortion and fraud, which may be one of the reasons.
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The attractiveness of issuing common stock through ATM has dropped, and the strategy has shifted to preferred stock financing.

Gate News bot reported that for the past two weeks, Strategy (MSTR) has not used its market-the-market stock plan (ATM) of common stock to buy Bitcoin, instead opting for it for its two perpetual preferred stocks. This choice is likely to reflect the shrinking premium between the company's share price and its market cap multiple net asset value of (mNAV) (reflecting the difference between its market cap and Bitcoin holdings), which allows Strategy to raise funds to buy more Bitcoin without diluting shareholder shares. When the stock price is close to the value of Bitcoin's underlying asset, the attractiveness of issuing common shares through ATMs decreases. This type of issuance is usually only advantageous if the premium is higher. Strategy recently increased its holdings of 1,045 BTC from the proceeds of its two perpetual preferred stock ATMs: 59.18% on the STRK issue and 40.82% on the STRF issue. This gives the company more flexibility, allowing it to continue to add to its Bitcoin holdings while reserving upside for common equity investors.
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Australia's encryption ATM annual transaction limit is set at 5000 AUD, following over 3 million USD in losses due to encryption ATM fraud in the past year.

The Australian financial intelligence agency AUSTRAC has issued new regulations, setting the cash withdrawal limit for crypto ATMs at 5000 AUD, strengthening customer due diligence and transaction monitoring, aimed at combating crypto ATM fraud, especially focused on older users. Reports indicate that there were 150 cases of fraud involving crypto ATMs from 2024 to 2025, with total losses amounting to 3.1076 million USD. The police are urging the public to stay vigilant, as the risks associated with crypto ATM-related fraud are believed to be potentially underestimated.
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Australia's Crypto Assets ATM New Regulations: Cash Deposit and Withdrawal Limits and Fraud Warning

Australia's National Financial Intelligence Unit (AUSTRAC) has introduced new operating rules and transaction limits for cryptocurrency ATM operators, and federal police said that scams using self-service kiosks are on the rise, with more than A$3.1 million (US$2 million) lost through crypto ATMs in 12 months "Probably just the tip of the iceberg". The Australian Transaction Reports and Analysis Centre (AUSTRAC) said in a press release that the agency is imposing a A$5,000 (US$3,250) limit on cash deposits and withdrawals at cryptocurrency ATMs, as well as setting scam warning signs, enhancing transaction monitoring and enhancing customer due diligence obligations.
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Arizona Governor Signs Crypto Assets ATM Anti-Fraud Bill HB 2387

The Governor of Arizona vetoed two Crypto Assets bills (SB 1373 and SB 1024) but signed the Crypto Assets ATM regulatory bill (HB 2387). The new bill requires Crypto Assets ATM operators to display fraud warnings, set transaction limits, provide customer support, and comply with AML protocols.
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The Governor of Arizona signed the Crypto Assets ATM Anti-Fraud Bill HB 2387.

The Governor of Arizona vetoed two Crypto Assets bills (SB 1373 and SB 1024), but signed the Crypto Assets ATM regulatory bill (HB 2387). The new bill requires Crypto Assets ATM operators to display fraud warnings, set transaction limits, provide customer support, and comply with AML protocols.
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The Governor of Arizona signed a regulatory bill for Crypto Assets ATMs, vetoing two proposals related to Crypto Assets.

According to Gate.io News bot, Decrypt reported that Arizona Governor Katie Hobbs made decisions on three crypto asset-related bills. Hobbs vetoed SB 1373 digital asset strategic reserve fund bill and SB 1024 state government crypto asset payment bill. At the same time, Hobbs signed the HB 2387 bill. This bill establishes new regulatory requirements for Crypto Assets ATMs, including: operators must display multilingual fraud warnings, new users have a daily transaction limit of $2,000, existing users have a limit of $10,500, provide 24-hour customer service, and implement anti-money laundering protocols.
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Arizona Governor Signs Crypto Assets ATM Anti-Fraud Bill HB 2387

Arizona Governor Katie Hobbs vetoed two Crypto Assets bills while signing a bill regulating Crypto Assets ATMs. The two vetoed bills involved digital asset funds and government Crypto Assets payments. The new bill requires Crypto Assets ATMs to display multilingual warnings, set transaction limits, provide 24/7 customer service, and comply with AML protocols.
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The Governor of Arizona vetoed two encryption bills and signed a bill against ATM fraud.

Arizona Governor Katie Hobbs vetoed two crypto-related bills, believing the crypto market is highly volatile and not suitable as a public fund allocation option. She also signed the strict regulation of crypto ATMs HB 2387 bill, which requires operators to provide multilingual fraud warnings, transaction hash receipts, and implement daily transaction limits. Nevertheless, she holds a cautiously open attitude towards crypto regulation, and the recently signed Bill 2749 allows the government to hold unclaimed digital assets.
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Australian police cracked down on a criminal gang stealing BTCATMs and collection cards.

The Australian police have busted a large criminal syndicate that stole Melbourne's Cryptocurrency ATM and collectible card store. The police have discovered the location where the stolen items were stored, including firearms, car keys, pill presses, etc. Four men have been arrested, one of whom will stand trial for multiple charges of theft and firearm possession, while another will face charges of commercial theft and possession of prohibited weapons.
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The UK Financial Conduct Authority accuses a man of operating a Cryptocurrency ATM machine illegally.

The Financial Conduct Authority (FCA) in the UK has charged a London man with operating a Cryptocurrency ATM illegally, processing transactions worth £2.6 million without being registered with the regulatory authority. The man faces multiple charges, including those related to anti-Money Laundering and counter-terrorism financing regulations, creating and using false documents, and involvement with suspected proceeds of crime.
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Texas lawmakers propose to set up Crypto Assets ATMs in federal buildings.

According to Gate.io News bot and CoinDesk, Texas Republican Congressman Lance Gooden has proposed to the General Services Administration (GSA) to deploy Crypto ATMs inside federal government buildings. Gooden emphasized in the letter that installing Crypto Assets ATMs in federal buildings is not only a public education resource but also showcases the achievements of financial technology. This proposal aligns with President Donald Trump's goal of keeping the United States at the forefront of Crypto Assets and blockchain technology.
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MARA plans to launch a $2 billion ATM equity issuance program.

According to ChainCatcher news and TheMinerMag report, Bitcoin mining company MARA may launch a $2 billion ATM equity issuance plan. The company disclosed in regulatory filings on Friday that the relevant agreement was signed on March 28 with a consortium of investment banks, including Barclays, BMO Capital Markets, BTIG, Cantor Fitzgerald, Guggenheim Securities, HC Wainwright, and Mizuho Securities.
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Bitcoin mining company MARA launches a $2 billion ATM equity issuance plan

According to Gate.io News bot, TheMinerMag reported that the Bitcoin mining company MARA announced the launch of a $2 billion ATM (At-the-Market) equity issuance plan. The plan involves collaboration with several investment banks including Barclays, BMO Capital Markets, and BTIG, with the agent commission rate set at 3% of total revenue. MARA signed an agreement on March 28 to terminate the ATM plans for October 2023 and February 2024. The previous plan aimed for $1.5 billion, with $1.4 billion of stock being sold through H.C. Wainwright in 2024. In 2024, MARA raised a net amount of $1.85 billion through stock issuance, which will be used to expand operations and strengthen the balance sheet. MARA continues to implement a full holding strategy, retaining monthly Bitcoin output, and plans to issue $2 billion in zero-coupon convertible bonds to purchase Bitcoin by the end of 2024. As of the end of February, MARA holds 46,374 Bitcoins. Source: Wu Shuo
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In the past year, over 50 banks have suspended various cardless services.

In the past year, more than 50 banks have stopped cardless services due to the rise of mobile payments and the decrease in cash usage. Banks need to utilize digital technology to transform their operations, optimize and upgrade ATM functions, enhance the level of Financial Service, and explore transformation.
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Research: The UAE is at the forefront of Crypto Assets adoption.

The UAE leads the world in cryptocurrency ownership at 25.3%, despite having only one Bitcoin ATM. Singapore (97.5) and the United States (85.4) ranked second and third, respectively, Canada has more than 3,500 Bitcoin ATMs, and Turkey has a high ownership rate but ranks fifth. Atmos pointed out that cryptocurrencies are reshaping the global financial system, driven by accessibility and utility, and that their role is expanding from hedging against inflation to the digital economy.
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Arizona lawmakers propose new bill to curb BTCATM fraud

On February 9th, PANews reported that David Marshall, a member of the Arizona House of Representatives, proposed House Bill 2387, which suggests strict regulation of Cryptocurrency ATM operations. Prior to this, a series of such incidents occurred in the state, including a woman being scammed out of $17,000. The proposed bill will implement multiple protective measures, including: Daily trading limit 1000
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Fan Tokenzone rise, PSG rises over 31% in 24 hours

BlockBeats news, on December 8, according to market data, the fan Token zone saw a general rise in prices, including: · PSG rose by 31.1% in the past 24 hours, now priced at $4.11 · BAR rose by 16.5% in the past 24 hours, now priced at $2.84 · SANTOS rose by 9.5% in the past 24 hours, now priced at $5.15 · ATM rose by 7.8% in the past 24 hours, now priced at $2.56
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Crypto Assets friendly new bank Revolut is expected to launch AI assistants and ATMs by 2025

Revolut announces its 2025 vision: launching AI assistant, mortgage loans, and ATM services. Mortgage products will be first introduced in Lithuania, followed by Ireland and France. ATM services will be introduced in Spain in early 2025.
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