Missouri Attorney General Catherine Hanaway sued Bitcoin ATM operator CoinFlip, seeking $1.83M in penalties and an operational ban, alleging it facilitates fraud. CoinFlip calls the suit "meritless" and urges investigation of actual criminals.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
The Canadian government has proposed a nationwide ban on crypto ATMs, citing their role as a major conduit for financial fraud and money laundering. The move is part of a broader regulatory crackdown on the digital asset sector.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Tennessee has become the second U.S. state to ban Bitcoin ATMs, with the ban taking effect July 1. Governor Bill Lee signed House Bill 2505 on April 13, making it a Class A misdemeanor to own or operate the machines. The state hosts 651 Bitcoin ATMs, primarily clustered around Nashville. FBI data shows Americans over 60 lost $257 million to Bitcoin ATM scams last year, a 58% increase.
Crypto majors are mostly flat ahead of today’s supreme court opinion on the trump tariffs; btc +1% at $90,300; eth 13% at $3,090, sol +3% at $138; xrp +1% to $2.10. Polygon (+11%), zec (+11%) and syrup (+7%) led top movers. Jpmorgan said the recent bitcoin and ethereum sell-off may be bottoming, pointing to improving positioning and easing downside pressure after early-year weakness. Bank of america analysts upgraded coinbase to buy, citing improved regulatory clarity, growing institutional adoption, and stronger long-term earnings visibility. Morgan stanley is planning to launch a digital wallet later this year that could support tokenized assets, including private company equity. Florida lawmakers renewed their push for a state-level bitcoin reserve. Ethereum’s validator exit queue fully cleared, easing delays that had impacted liquid staking protocols and validator withdrawals. Polygon labs unveiled the open money stack, an initiative designed to streamline stablecoin payments. Polygon is reportedly close to acquiring coinme, a major bitcoin atm operator. Trump said that he won’t pardon ftx founder sam bankman-fried.
