coinflip

According to Bitcoin.com, a U.S. federal court has rejected CoinFlip and Private IT Corporation's request for an emergency temporary restraining order against the cryptocurrency ATM ban in Tennessee, which took effect on July 1. The court found that the plaintiffs failed to meet the legal standards for an emergency injunction, stating that although the businesses demonstrated they would suffer economic losses, it was not sufficient to outweigh the public interest represented by the state legislation.Tennessee Attorney General Jonathan Skrmetti stated that cryptocurrency ATMs are "tools for scammers targeting vulnerable residents, rarely used in any scenario approaching a legitimate purpose." The law classifies the installation or operation of cryptocurrency ATMs as a Class A misdemeanor. Tennessee, Indiana, and Vermont have fully banned cryptocurrency ATMs, Delaware is considering a similar ban, and North Carolina and Virginia have enacted stricter regulations. The constitutional challenge in the case will continue to progress, and the final ruling will determine whether the ban can be sustained in the long term.

Missouri Attorney General Catherine Hanaway has filed a lawsuit against CoinFlip operator GPD Holdings, accusing the cryptocurrency ATM network of facilitating fraudulent transactions while charging high fees, in violation of state consumer protection laws. Over the past two years, Missouri has reported approximately 350 cases related to cryptocurrency ATMs, with losses potentially reaching millions of dollars.The lawsuit seeks compensation for consumers, imposes a civil penalty of up to $1.826 million, and issues an injunction prohibiting the company from operating in the state.

According to Cointelegraph, Missouri Attorney General Catherine Hanaway has filed a lawsuit against cryptocurrency ATM operator CoinFlip, accusing it of "deliberately facilitating fraudulent transactions and profiting from them."The lawsuit claims that these fraudulent activities target "seniors and veterans" in the state, requesting the court to declare that CoinFlip violated the Missouri Merchandising Practices Act, prohibiting it from operating in Missouri, and imposing a $1,000 fine for each violation over the past five years, up to a maximum of $1.826 million, while also seeking restitution for consumers. CoinFlip operates 136 crypto machines in Missouri and 4,229 nationwide. Previously, Bitcoin Depot filed for Chapter 11 bankruptcy due to facing lawsuits and regulatory pressure.

According to Arkham data, at 19:51, 31.94 WBTC (worth approximately $2.8471 million) was transferred from an anonymous address (starting with 0x2d88...) to another anonymous address (starting with 0x0E17...). Subsequently, that address transferred 31.94 WBTC to Coinflip.

According to Financefeeds, the American Bitcoin ATM operator CoinFlip has opened its first "cryptocurrency center" in the Gustavo A. Madero district of Mexico City. The center is staffed with professionals and combines the traditional retail banking concept with cryptocurrency infrastructure, allowing users to interact with experts, use cryptocurrency ATMs, and receive guidance on how to trade digital assets through cash, bank transfers, and the Mexican SPEI payment system.It is reported that CoinFlip currently operates nearly 50 cryptocurrency ATMs in Mexico, with 26 located in Mexico City.

ChainCatcher news, according to Bloomberg, the global Bitcoin ATM network operator CoinFlip is considering selling the company and has hired financial advisors to seek buyers.According to insiders, the company's target valuation is at least $1 billion, but it is uncertain whether this can be achieved. CoinFlip was founded in 2015 and currently operates over 5,500 cryptocurrency ATMs in the United States, Australia, New Zealand, South Africa, and other locations.

ChainCatcher news, according to News.bitcoin, data from Coinatmradar.com shows that as of January 11, there are 38,866 cryptocurrency ATMs in operation worldwide. Bitcoin Depot is the operator with the most machines, managing 8,486 ATMs.Coinflip follows closely with 5,289 machines, while Athena Bitcoin is responsible for 3,797 devices. The United States is the leader in this field, accounting for 81.3% of the world's cryptocurrency ATMs. Regionally, Europe accounts for 4.3%, Oceania for 4%, and Australia has installed 3.5%.

ChainCatcher news, Stacks founder Muneeb stated on the X platform that leading Bitcoin ATM Coinflip will integrate Stacks and sBTC.Coinflip has over 400,000 users, and this integration will continue to open the global market for Stacks.

ChainCatcher news, according to News.bitcoin, 45 new locations in five states in the United States will establish cryptocurrency ATMs.Convenience store chain Yesway is partnering with digital currency platform Coinflip to provide cryptocurrency ATMs for its customers, offering a seamless and secure way to buy and sell Bitcoin and other digital currencies in five states, including Texas and Iowa.As digital currency kiosks expand to 45 new locations in the Southwest and Midwest, cryptocurrency is becoming increasingly accessible across the United States.

ChainCatcher news, the former BD director of CoinFlip revealed that Coinbase still has not fixed the on-chain interaction information that led to the early leak of new coin listings, and announced the listing of BONK as previously expected by the market.This morning, an on-chain analyst disclosed that Coinbase is about to list BONK, as Coinbase's technicians have been testing on-chain transfers according to a specific pattern for the past three years, resulting in the insider information about the listing being leaked in advance.