Athena Bitcoin, a Miami-based company, operates three such cryptocurrency ATMs in Stillwater. Now they are encouraging the city to rescind its recently passed ordinance that prohibits these machines. The new parent company runs more than 3,500 cryptocurrency ATMs in 35 states. They’re adamant that the solution to scams involving these...
Stillwater's decision to ban cryptocurrency ATMs isn't about stifling innovation. It's about protecting its citizens from predatory financial scams that are rapidly spiraling out of control. We’re not just talking about a bottom line, we’re talking about real lives, personal savings, and communities devastated. Forget the tech bros promising you...
Cryptocurrencies have opened new economic opportunities while challenging cities with difficulties in other locations. While some embrace the innovative potential of digital assets, others grapple with the associated risks, particularly the rise in scams and illicit activities. Stillwater, Oklahoma is one such city, recently considering a ban on cryptocurrency ATMs...
Stillwater, we have a problem. Crypto scams are endemic right now, and they’re preying on our vulnerable neighbors. I get it. In that context, the figure of $213,000 is shocking. When I read about the 75-year-old woman whose life savings was nearly taken from her, my mama bear instinct gets...