Bitcoin

Bitcoin Daily: Crypto ATMs Surpass 5K; Sham Site Steals $27M In Crypto

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Data shows that there are now more than 5,000 bitcoin ATMs around the world.

According to data from CoinATMradar.com, cryptocurrency ATM manufacturer General Bytes has installed 69 new machines since the beginning of June, while Genesis Coin added 24 new BATMs, and Lamassu and Bitaccess added 13 and 11 cryptocurrency ATMs, respectively.

The United States has over 60 percent of the world’s cryptocurrency ATMs, followed by Canada with 12.4 percent.  Europe boasts 22 percent of the world’s cryptocurrency ATMs, while Asia has 2 percent.

In other news, it was announced that the U.K.’s South West Regional Cyber Crime Unit (SW RCCU), in a joint operation with the Dutch police (Politie), Europol, Eurojust and the U.K.’s National Crime Agency (NCA), have arrested 6 individuals after a 14-month long investigation into a €24 million cryptocurrency theft.

The theft targeted bitcoin tokens, impacting at least 4,000 victims in 12 countries. Those numbers are expected to grow.

Imgur, the community-powered entertainment platform, has announced a $20 million investment from Coil, the San Francisco-based startup designed to help creators monetize content and provide a premium experience to consumers.

The funds will be used to expand Imgur’s mission of making the internet a more positive place. As part of the transaction, Stefan Thomas, founder & CEO of Coil and former CTO of Ripple Labs, Inc., will be joining Imgur’s board of directors.

“Imgur began in 2009 as a gift to the internet. Over the last 10 years we’ve built one of the largest, most positive online communities, based on our core value to ‘give more than we take,’” Alan Schaaf, founder and CEO of Imgur, said in a press release. “Everything from the way we operate as a team to the ways in which we partner with brands is built around this core value of giving to the community. Coil’s technology will open up new opportunities for users to give to one another and support the community in new ways.”

And the head of the German Federal Financial Supervisory Authority (BaFin) is recommending that regulators take a close look at Facebook’s upcoming cryptocurrency, Libra.

“We certainly cannot just watch. We will have to respond appropriately in some way. I can only hope that we will succeed in developing at least European, if not globally, basic standards,” said BaFin President Felix Hufeld, according to Coin Telegraph.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 Pay Advances: The Gig Economy’s New Normal, a PYMNTS and Mastercard collaboration, examines pay advances – full or partial payments received before an ad hoc job is completed – including how gig workers currently use them and their potential for future adoption.

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