DeFi News Today TheBitTimes.com

52 crypto kiosks were seized in the investigation led by the U.S. Secret Service's Cyber Fraud and Money Laundering Task Force. A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating un license d crypto kiosk s in Ohio which knowingly benefited from victims of crypto currency scams . S&P Solutions, which operated as Bitcoin of America, along with three of its executives are facing charges of money laundering, conspiracy, and other crimes connected to the operation of more than 50 unlicensed crypto kiosks in the state. A Cuyahoga County grand jury returned the indictment on Mar. 1 against the firm, the owner and founder, Sonny Meraban, manager Reza Meraban, and company attorney William Suriano. The trio was arrested last week and search warrants were executed on their residences in Florida and Illinois. 3 men, 1 business charged in cryptocurrency scam; avoid Bitcoin of America ATMs, Cuyahoga Co. prosecutor says https://t.co/LaR1L2E1yH — ...

Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network. While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July 2022. A year-long bear market in 2022 — accompanied by geopolitical tensions and global inflation — hindered various initiatives aiding the growth of the entire crypto ecosystem. As a result, efforts to install new Bitcoin ATMs dipped in many countries that once spearheaded the initiative. Chart showing the number of bitcoin machines installed over time. Source: CoinATMRadar Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network. In contrast, a modest 4,169 ATMs w...