{"id":11245,"date":"2023-04-01T13:39:11","date_gmt":"2023-04-01T13:39:11","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11245"},"modified":"2023-04-01T13:39:12","modified_gmt":"2023-04-01T13:39:12","slug":"more-than-3600-bitcoin-atms-went-offline-to-record-largest-monthly-decline","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11245","title":{"rendered":"More than 3,600 Bitcoin ATMs went offline to record largest monthly decline"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727.<\/p>\n<p>In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times \u2014 implying that total crypto ATMs worldwide were steadily increasing. However, the trend is reversing, according to data from Coin ATM Radar.<\/p>\n<p><em>Net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM Radar<\/em><\/p>\n<p>As shown above, net crypto ATM installations declined for four months between September 2022 and March 2023. However, with 3,627 crypto ATMs going down last month, March 2023 stands out as the month with the largest monthly decline.<\/p>\n<p><em>Number of bitcoin machines installed over time. Source: Coin ATM Radar<\/em><\/p>\n<p>The chart above shows the number of Bitcoin machines installed over time, revealing the sudden drop in the total crypto ATMs. The significance of this reduction seems enormous, considering that the highest number of ATMs installed in a month was 2,048 \u2014 back in January 2021.<\/p>\n<p><em>The number of cryptocurrency machines installed per each top manufacturer over time. Source: Coin ATM Radar<\/em><\/p>\n<p>On the bright side, April broke the three-month-long downtrend by recording 37 crypto ATM installations on April 1. Current market leaders in manufacturing crypto ATMs are General Bytes, BitAccess and Genesis Coin.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin ATM maker shuts cloud service after user hot wallets compromised<\/em><\/strong><\/p>\n<p>After losing customer funds in a \u201csecurity incident\u201d in March that saw its customers\u2019 hot wallets accessed, General Bytes promised to reimburse the losses. <\/p>\n<p><strong><em>Magazine:\u00a0Web3 Gamer: Shrapnel wows at GDC, Undead Blocks hot take, Second Trip<\/em><\/strong><\/p>\n<p lang=\"en\" dir=\"ltr\">On March 17-18th, 2023, GENERAL BYTES experienced a security incident.<\/p>\n<p>We released a statement urging customers to take immediate action to protect their personal information.<\/p>\n<p>We urge all our customers to take immediate action to protect their funds and https:\/\/t.co\/fajc61lcwR\u2026<\/p>\n<p>\u2014 GENERAL BYTES (@generalbytes) March 18, 2023<\/p>\n<p>\u201cWe have taken immediate steps to prevent further unauthorized access to our systems and are working tirelessly to protect our customers,\u201d General Bytes said in a statement.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/more-than-3600-bitcoin-atms-went-offline-to-record-largest-monthly-decline\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727. In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11245"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11245\/revisions"}],"predecessor-version":[{"id":11247,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11245\/revisions\/11247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11246"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}