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The number of Crypto ATMs rises: over 24 thousand worldwide

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Globally, according to the Coinatmradar monitoring website, the number of ATM Bitcoin and criptovalute exceeded 24,000.

As a consequence of the increasingly widespread and common use of crypto, there has been a peak in ATM installations of 71.73%, bringing the numbers from 13,993 to 24,030, from 1 January 2021 to today.

Last year, however, the global tally rose to 13,993 ATMs with a growth of 119.56%.

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We can quantify this enormous and constant development, also analyzing other data that show the speed and the average of the installations performed, that is about 52.3 ATMs per day.

This type of ATM can be found in 75 countries around the world, from Kazakhstan to Australia.

The US tops the list with 21,161 ATMs, followed by Canada with 1,698 and the UK with 174 ATMs.

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The market is powered and supported by 42 cryptocurrency ATM manufacturers. Genesis Coin dominates this sector with a market share of 40.9%, counting approximately 9,813 branches, followed by General Bytes which owns approximately 24% of the market.

The remaining 35% of the market is shared between other competitors, including BitAccess, Coinsource and Bitstop.

The largest ATM cryptocurrency operator is Atlanta-based Bitcoin Depot which has 3,793 crypto ATMs that allow users in the US and Canada to purchase over 30 types of cryptocurrencies, including Bitcoin (BTC), Ether (ETH ) and Litecoin (LTC) . It is followed by Coin Cloud with 2,629, and then Coinflip with 2,498 ATMs.

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Recently, a couple of operators have teamed up with celebrities to promote their cryptocurrency ATMs. Coin Cloud partnered with award-winning director Spike Lee to produce a short film titled “The Currency of Currency”.

In June, Coinflip planned and developed a marketing campaign together with actor and bitcoin investor, Neil Patrick Harris.

Bitcoin Depot is also continuing to expand by adopting different strategies: last week, a major service and fuel retailer, Circle K, announced that it had started distributing bitcoin ATMs in its stores in the United States and Canada in collaboration with Depot.

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The partnership led to the installation of over 700 ATMs per crypto.

“By adding bitcoin ATMs to the company’s stores, Circle K can attract new customers to its stores, provide financial access to disadvantaged communities and set itself apart from other retailers with this new technology,” said CEO, Brandon Mintz.

The number of cryptocurrency ATMs, which allow customers to exchange fiat for different digital currencies, has grown significantly in recent years. The mission of ATM operators, suppliers and all those who work within this market is to bring cryptocurrencies to the masses, especially through new, more solid and lasting partnerships.

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Ripple

Coinbase CEO Shows Support for Ripple and XRP Amid Battle with SEC

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The XRP Army believes that Brian Armstrong could be hinting at relisting the cryptocurrency

Coinbase CEO Brian Armstrong has displayed support for Ripple in its fight against the U.S. Securities and Exchange Commission.

In a series of recent tweets, Armstrong writes that the company’s case is seemingly going “better than expected.”

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Armstrong stressed that launching attacks against the crypto industry and hurting investors is “politically unpopular.”

The head of the largest American exchange then channeled Ripple’s oft-repeated talking point about the SEC hurting consumers instead of protecting them:

The irony is that the people they are supposedly protecting are the ones attacking them.

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XRP relisting rumors get a new life  

Armstrong’s tweets inevitably reignited rumors about Coinbase potentially relisting XRP on its platform.

The exchange moved to suspend XRP trading after the SEC filed a lawsuit against Ripple on Jan. 19, which triggered a massive price drop.

As reported by U.Today, Coinbase relisting rumors started making the rounds on social media after XRP trading pairs started showing up on the company’s mobile app last month, but it ended up being a bug.

Despite its legal troubles, XRP has remained resilient, with crypto mogul Mike Novogratz recently noting that the cryptocurrency has tripled in value since the agency filed its complaint.

Coinbase’s run-in with the SEC

Ripple started alighting itself with Coinbase after Armstrong publicly called out the SEC for threatening to sue the leading exchange over its yet-to-launch lending offering.

Even though the company caved in to the SEC’s demands and shelved the product in question, it seems like it hasn’t buried the hatchet with the formidable regulator.

Earlier this month, Coinbase proposed replacing the agency with a new cryptocurrency-focused regulator, arguing that the laws from the 1930s were not suitable for the “technological revolution.”

The exchange will have to convince Congress to pass a legislation that will establish a dramatically different regulatory regime that it envisions.

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Bitcoin

Legendary Trader Peter Brandt Challenges Binance with Four Questions about 88% BTC Crash

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Here’s what is unclear for Mr. Brandt about mysterious Bitcoin (BTC) flash-crash of Oct. 21, 2021

Prominent trader and analyst Peter Brandt has taken to Twitter to ask his four questions in the context of the flagship crypto’s 88% dropdown.

What do Binance and Binance.US have in common?

First of all, Mr. Brandt challenged the character of corporate relationships between Binance and Binance.US, its unit focused on American markets.

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Also, Mr. Brandt asks whether Binance is planning to release detailed documents to specify statistics for trades, their volume and prices during the flash-crash.

Then, the trading legend asked about the role of the platform in taking the opposite side of a client fills.

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Besides the Binance CEO and co-founder Changpeng “CZ” Zhao, Mr. Brandt mentioned the Interactive Brokers platform, U.S. watchdogs CFTC and SEC and Gary Gensler, the SEC chairman.

Most expensive “trading algorithm bug” ever?

Also, Mr. Brandt attached a screenshot of a tweet by CZ when Binance’s boss warned his audience about expected volatility spikes across cryptocurrency markets.

Finally, Mr. Brandt added that he never used Binance for trading.

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As covered by U.Today previously, on Oct. 21, 2021, amidst a spending rally, the Bitcoin (BTC) price briefly tanked to the $8,000 level, losing more than 88% in no time.

A similar flash-crash was registered on 26 other low-liquidity exchanges. A Binance.US representative attributed this dramatic plunge to a critical bug in third-party mechanisms by one of the platform’s sophisticated institutional clients.

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Crypto Exchange

Crypto investments a financial backup for Facebook whistleblower

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Frances Haugen, a former Facebook employee turned whistleblower, revealed that her refuge in Puerto Rico is currently being supported by an auspiciously timed cryptocurrency investment.

Haugen worked as a Facebook product manager before accusing the company of spreading controversial and insensitive misinformation. She allegedly possesses numerous confidential research documents, which, according to her, shows that “Facebook prioritizes profit over the well-being of children and all users.” Previously, Facebook has been accused of influencing the 2016 United States presidential election with the help of Russian agencies.

In a follow-up interview with The New York Times, Haugen was asked about her financial situation:

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“For the foreseeable future, I’m fine, because I did buy crypto at the right time.”

The whistleblower also received financial help from nonprofit organizations (NPO) backed by Pierre Omidyar, a co-founder of eBay. However, Haugen clarified that Omidyar’s NPO fundings were only used to finance travel and related expenses.

According to Haugen, shifting to Puerto Rico helped her join her “crypto friends” who enjoy capital tax exemptions on Bitcoin (BTC) and cryptocurrency assets.

Iconic whistleblower and former U.S. Central Intelligence Agency agent Edward Snowden also continues to show support for the Bitcoin economy amid regulatory pressures from governments across the world.

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On Oct. 4, Snowden tweeted about Bitcoin’s tenfold growth despite China’s blanket ban on crypto mining and trading.

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