bitaccess, bitcoin atm, bitstop, crypto atm, dogecoin, general bytes, genesis coin, litecoin, terra luna and ust

New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows that the United States, which has over 34,000 crypto ATMs, accounts for nearly 90% of all the installed machines.

Fewer ATMs Installed in 2022

According to the data compiled by Crypto Presales, the approximately 6,100 crypto and bitcoin automated teller machines (ATMs) installed in the first eleven months of 2022 are almost three times less than what was installed in the same period last year. The apparent slowdown in the number of newly installed ATMs is in contrast to the rapid increase in the number of new installations that was seen in 2021.

As explained in the Crypto Presales report, the year 2021 witnessed the most crypto and bitcoin ATM installations by far — about 20,300 newly installed machines. That year’s record number of new installations brought the total number of such ATMs to 32,600.

In contrast, the year 2022, which has been dominated by bears and the collapse of Terra LUNA and UST (and more recently the collapse of FTX), has seen the number of ATMs installed drop for the first time. The report explained:

By mid-2022, there were around 37,800 crypto ATMs worldwide. The number continued rising and hit over 38,800 in August. However, in September, the number of BTMs dropped for the first time, with the total number of machines slipping to 38,400.

The report nevertheless revealed the number of installed ATMs has since recovered and was believed to have been hovering around 39,000 by mid-November 2022.

United States Rules the Roost

Meanwhile, the data compiled by Crypto Presales shows that the United States accounts for approximately 90% of all installed crypto and bitcoin ATMs in 2022. According to the data, Canada’s 2,688 installed ATMs occupy the second position in the top ten list of countries with the most crypto-dispensing machines. The rest of the countries in the top ten have under 300 ATMs installed.

Concerning the ownership of ATMs, the report said:

“With a 33% market share and over 12,000 machines as of November, Bitaccess represents the largest crypto ATM manufacturer globally. General Bytes ranked second with a 23% market share and around 9,000 BTMs. Genesis Coin and Bitstop follow with a 22% and 5% market share, respectively.”

The report, which relies on data from Coin ATM Radar, noted that 82% of all the installed machines support altcoins. About 80% of the ATMs support litecoin, 73% support ethereum, and only 39% support dogecoin.

'I Wanted to Punch Kanye' — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship

Blackrock CEO on FTX Collapse: Most Crypto Companies Aren't Going to Be Around

Jim Cramer Calls FTX Co-Founder Sam Bankman-Fried a Pathological Liar, Conman, and Clueless Idiot

Alameda Research CEO Caroline Ellison Reportedly Spotted at a Coffee Shop in Manhattan With FTX Dog 'Gopher'

Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner

Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet

The Crypto 6 Case Heads to Trial With Only 1 Defendant Left, Prosecutor's So-Called 'Expert' Excluded

Addresses That Sat Idle for Years Transferred 1,221 Bitcoins Worth $20M Over the Last 4 Days

Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review

Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency Users' Assets Safeguarded With at Least 1:1 Reserve Ratio

Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain

Report: AAX Users Storm Crypto Exchange's Nigerian Offices, Attack Employees

Maxine Waters Criticized for Praising SBF — Lawmaker Says 'We Appreciate That You've Been Candid'

Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats

Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid

NEWS RELATED

Dogecoin Price Prediction as $800 Million Trading Volume Comes In – $1 by 2023?

DOGE, the native cryptocurrency of the Dogecoin blockchain, continues to consolidate near the $0.10 per token mark, despite a rise in trading volumes since the start of the week. According to CoinGecko, Dogecoin trading volumes were around $800 million in the last 24 hours. Meanwhile, according to TradingView citing Binance ...

View more: Dogecoin Price Prediction as $800 Million Trading Volume Comes In – $1 by 2023?

Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon

Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners to ...

View more: Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon

Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout

Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing. Bitcoin Bitcoin ...

View more: Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout

Report: South African Digital-Only Bank Launches Crypto Payments Gateway

A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only bank, said the “new gateway is a game-changer” that also ...

View more: Report: South African Digital-Only Bank Launches Crypto Payments Gateway

Argentina Signs Automatic Tax Data Sharing Agreement With the United States

The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc Stanley, will allow the Argentine national tax authority ...

View more: Argentina Signs Automatic Tax Data Sharing Agreement With the United States

Morgan Creek CEO Says FTX Co-Founder SBF Was a 'Pawn' Used to 'Punish' the Crypto Industry

Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko, explained in an interview that ...

View more: Morgan Creek CEO Says FTX Co-Founder SBF Was a 'Pawn' Used to 'Punish' the Crypto Industry

Bitcoin's Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a ...

View more: Bitcoin's Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

India's Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims

An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This is essentially what we are doing in ...

View more: India's Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims

Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year

This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022

RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons

Biggest Movers: LTC Climbs to Highest Level Since May

North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme

Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday

Spanish Soccer League Laliga Will Certify Goal Scoring Balls Using Blockchain Tech

Swingby Partners With Chainlink To Secure Bitcoin Bridge

Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions

Brazilian Companies Break Crypto Purchasing Records Again in October

Save Thousands In Taxes by Harvesting NFT Losses - CoinLedger Explains How

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network