Bitcoin ATM operator RockItCoin acquires Tao Bitcoin
The transaction included 56 machines from Tao Bitcoin, a regional operator in the south of the United States. Bitcoin (BTC) ATM operator RockItCoin announced the acquisition of Tao Bitcoin on Oct. 25. Tao Bitcoin is a regional ATM operator with 56 machines, mostly located in the south of the United States.According to the company, the acquisition was part of the company’s strategy to find value and synergies among smaller and regional players in the Bitcoin ATM space. With the deal, the machines operated by RockItCoin came to almost 1,900 units across 44 U.S. states. The Bitcoin ATM....
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An ATM operator, RockItCoin, recently saw a need to improve its operations with more machines, In light of this, the company revealed that it has eventually acquired Tao Bitcoin. This includes all 56 machines of the company. Based on the transaction, there are nearly 1,900 units of RockItCoin operational machines spread across 44 states of […]
Chicago, Illinois now has 24 Bitcoin ATMs thanks to RockItCoin, a new company that decided to install four new BTMs in the area and they will be adding more in the near future. “RockItCoins goal is to become the largest player in the BitCoin Currency exchange space. In Chicago we will be installing 10-15 more machines”, said RockItCoins CEO Michael Dalesandro. He continues: “You provide us with a phone number and valid mailing address and we send you a validation code. Once you enter your validation code you have a choice to receive your Bitcoin into your digital wallet or use the printed....
Every crypto bear market has seen Bitcoin miner operations capitulating to stay financially afloat. This capitulation often marks a bottom for BTC and the crypto market, allowing it to consolidate before breaking into new highs. Related Reading: RockItCoin Buys Toa Bitcoin That Houses Over 50 ATM Machines Across The U.S. However, the current Crypto Winter […]
A bitcoin ATM operator has been sent to federal prison for two years for running an illegal cryptocurrency exchange operation. U.S. authorities have seized 17 bitcoin ATMs, along with some cryptocurrencies, including bitcoin. Illegal Bitcoin ATM Operator Sent to Prison The U.S. Department of Justice (DOJ) announced Friday that a California man, Kais Mohammad, has been sentenced to two years in federal prison “for operating illegal ATM network that laundered bitcoin and cash for criminals.” The Justice Department said that the 37-year-old operated an illegal crypto business....
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years Alexander Vinnik, the operator of the now-defunct Russian cryptocurrency exchange BTC-e, was sentenced on Monday to five years in prison by a French court for money laundering. The 41-year-old is also ordered to pay fines of 100,000 euros ($121,270). While convicted of money laundering, Vinnik was....