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Bitcoin ATM Market Is Undergoing 'Necessary Correction,' CoinFlip Founder Daniel Polotsky Says
Saturday, August 24, 2024 - 12:00pm | 1231Cryptocurrency ATMs typically lack options. Most only allow customers to trade cash in for Bitcoin (CRYPTO: BTC). That’s not the case with CoinFlip, the Chicago-based startup founded by 29-year-old Daniel Polotsky. In addition to Bitcoin, CoinFlip offers Ethereum (CRYPTO: ETH), Litecoin (...
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Bitcoin ATM Operator Coin Cloud Seeks Bankruptcy Protection, Owes Millions To Genesis Global
Thursday, February 9, 2023 - 3:00pm | 401Coin Cloud, a Las Vegas-based company that operated more than 4,000 Bitcoin ATMs in the U.S. and Brazil, declared Chapter 11 bankruptcy. The court filing estimated the company's liabilities to be between $100 million and $500 million, with Genesis Global Trading, a subsidiary of...