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The Coin Rise 2024-12-29 19:15:30

Australia Records 29-month Streak of Increasing Bitcoin ATMs

Australia Records 29-month Streak of Increasing Bitcoin ATMs

Australia has sustained a remarkable trend with a 29-month streak of monthly additions to its Bitcoin Automated Teller Machine (ATM) network. Currently, the Oceania country has a record of 1,359 Bitcoin ATMs operating in its jurisdiction. This figure represents almost 3.5% of all crypto ATMs in the world. It also brings the country closer to Europe’s BTC ATM total, with the possibility of surpassing the continent’s record in no time. Australia now comes third, after North American countries, the United States, and Canada. Surprisingly, this comes amidst the unfavorable crypto market conditions in the US. North America Holds 90% of Bitcoin ATMs The US boasts 31,568 Bitcoin ATMs, and Canada has about 3,114. Notably, the number of Bitcoin ATM in the US represents about 81.3% of the global count. At the same time, Canada’s total market is 7.8%. Hence, the North American market houses up to 90% of the total Bitcoin ATM holdings. Europe is left with about 4%, and so is Oceania. Meanwhile, Asia has one of the smallest percentage, boasting of only 0.9%. Brazil in South America also recorded a slight surge in the number of Bitcoin ATMs earlier in December. Bitcoin ATM Scams on the Rise As the number of BTC ATMs increases globally, so does the volume of Bitcoin ATM-related scams. Two weeks ago, Bitcoin ATM provider Byte Federal revealed a serious data breach that may have exposed the personal information of 58,000 customers. Though the incident occurred on September 30, the company did not discover until November 18, nearly two months later. The perpetrator exploited a vulnerability in the popular developer platform GitLab to access Byte Federal’s network without permission. Once in, they stole sensitive information, which includes customers’ names, addresses, phone numbers, Social Security numbers, government-issued IDs, transaction details, and even user photographs. US Authorities Advise Bitcoin ATM Users to Maintain Caution Authorities are looking for such attackers and have warned the crypto community to remain vigilant. In September, the United States Federal Trade Commission (FTC) sounded the alarm on a sharp rise in BTC ATM scams . It linked the fraudulent activities to the tenfold rise in the number of these machines since 2020. “Neither Bitcoin nor the ATM will protect your money. No cryptocurrency will. There’s no such thing as a government Bitcoin account or digital wallet,” the FTC emphasized. The post Australia Records 29-month Streak of Increasing Bitcoin ATMs appeared first on TheCoinrise.com .

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hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

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