Crypto ATM Scams In Arizona Face Incoming Crackdown – Details
Arizona is rolling out a new law aimed at cutting down scams that use crypto kiosks. According to reports, state officials say residents lost about $177 million to schemes tied to crypto ATMs. Related Reading: Crypto Gamble Wipes Out 87% Of Smart Digital Group’s Market Value There are roughly 600 of those machines across the […]
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The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds of crypto scams.
Uruguay Educates on Crypto-Related Scams
More and more government bodies are becoming aware of how some parties are using crypto to execute different kinds of scams, and also more of these institutions are working to educate citizens on this fact. The Ministry of the....
Arizona, one of the first states to establish a Bitcoin (BTC) reserve, has revived a failed crypto legislation seeking to update the state’s forfeiture law to include digital assets. Related Reading: In The Shadows: Two-Thirds Of Crypto Miners Still Unregistered In Russia Arizona Lawmakers Reconsider Failed Bitcoin Reserve Bill The Arizona State Senate voted to […]
The past year has seen a huge increase in the number of Bitcoin ATMs across the globe. There have been machines from Genesiscoin, Cryptex Card, Robocoin, and finally, the cheapest option, Skyhook. Everything has not been going without small setbacks however, and today it was announced that the very first Bitcoin ATM in Arizona has been hit by lightning. Hopefully, the insurance company will not view this as an act of God. Brian Williams, the founder and owner of Javelin Investments LLC, has announced that his Bitcoin ATM has been totally destroyed by a lightning strike. The Bitcoin ATM was....
Arizona’s legislature has passed a pioneering measure that could allow the state to invest billions of dollars in Bitcoin (BTC) and other cryptocurrencies. The legislation, known as S.B. 1025, permits state public funds to allocate up to 10% of their managed assets into digital assets, positioning Arizona as a leader in the integration of digital […]
Arizona State Governor Katie Hobbs has vetoed a legislative bill that would have allowed the creation of a Bitcoin reserve. The Grand Canyon state joins a growing list of other US states where legislative efforts to direct state investment to Bitcoin have proven futile. Related Reading: History Rhymes: Will Bitcoin Repeat Classic Breakout Pattern To […]