Crypto
Bitcoin ATM Market Is Undergoing 'Necessary Correction,' CoinFlip Founder Daniel Polotsky Says – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
Cryptocurrency ATMs typically lack options. Most only allow customers to trade cash in for Bitcoin BTC/USD.
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 ETH/USD, Litecoin LTC/USD, Dogecoin DOGE/USD, Stellar Lumens XLM/USD, Chainlink LINK/USD, Pax Gold PAXG/USD, USD Coin USDC/USD, and Tether USDT/USD, Polotsky tells Benzinga.
Read on for Polotsky’s thoughts on the dwindling number of ATMs, M&A, venture capital and CoinFlip’s global aspirations.
See Also: Scaramucci Says It’s Trump’s Election To Lose, What Kamala Harris Ought To Do To Win
Polotsky: I’m not concerned about the declining number of Bitcoin kiosks. It seems like many companies are working to optimize their operations, and some actors that weren’t managed well or didn’t comply with regulations are closing down. This might mean fewer ATMs overall, but those that remain are likely to offer better consumer protection and a higher-quality experience. At CoinFlip, for example, we prioritize consumer support with our 24/7 customer service, which sets us apart from others in the market.
While there may be a reduction in ATMs in North America due to these adjustments, global demand for Bitcoin ATMs remains strong. This suggests to me that the market is undergoing a necessary correction rather than indicating a lack of interest in cryptocurrency services. This is a positive step towards a more robust and compliant environment.
BZ: Coin Cloud went bankrupt; Genesis Coin picked up the pieces. Is the crypto ATM space ripe for consolidation?
The crypto ATM space has been undergoing some consolidation. Genesis Coin stepping in to acquire a substantial portion of Coin Cloud’s ATM network after it declared bankruptcy underscores this trend.
Operating these machines amidst fluctuating cryptocurrency prices, high operational costs, and evolving regulations in the crypto space certainly contributes to a challenging environment but it also presents opportunity. With smaller operators struggling to maintain profitability, larger players with more robust infrastructures are increasingly acquiring their networks.
We’re always exploring strategic opportunities to expand our footprint and product offering, including M&A. However, any decision to pursue acquisitions would depend on market conditions and the strategic value of potential targets. As regulations continue to form, we might see more smaller operators end up in a similar situation as Coin Cloud. We invite operators that are in that position to reach out. CoinFlip’s focus remains on sustainable global growth and innovation in the ATM space and beyond.
BZ: What is CoinFlip Ventures and when did it launch?
CoinFlip Ventures launched in July 2022 with a $1 million fund to support early-stage startups in the crypto space. The initiative focuses on DeFi, NFTs, tokenization, and other blockchain innovations.
Some current and potential notable investments include Domination Finance, a decentralized derivatives market where users can bet on a new financial instrument — dominance trading; Function03, a company that is working on labeling the wallets on the blockchain and building essential ecosystem infrastructure; Hopscotch, a messaging app for marketplace deals which helps prevent fraud, increases sales, and allows users to pay with crypto to settle transactions; Koii Network, a decentralized physical infrastructure network that pays users for their device’s compute power; and Entertainmint, a streaming, ticketing, and distribution platform where users can fund their favorite creators’ show ideas to ensure they get made.
BZ: What inspired CoinFlip to look to New Zealand as a key market and become its first crypto kiosk operator?
The same fundamentals that made us the world’s largest crypto kiosk operator by transaction volume enable us to succeed in promising, new markets like New Zealand. Being first to market gives us a competitive edge. It establishes CoinFlip as a leading player in the cryptocurrency space in New Zealand while attracting customers who are eager for alternative avenues into the digital sector that are also secure.
Another significant factor is New Zealand’s banking landscape. Kiwis have fewer banking options compared to the U.S., creating a more rigid financial system that limits how people can handle their currency. This kind of environment tends to create a demand for alternative financial solutions, making the option to buy crypto with cash particularly appealing. Our services provide greater financial flexibility and opportunities, filling a gap in the market.
BZ: What’s next for CoinFlip?
We’re eager to explore new ways to meet our customers where they are. We are well on our way to establishing a global network of crypto kiosks, positioning ourselves not only as a facilitator of cash-to-crypto transactions but also eventually as the go-to platform for global remittances, bill pay, U.S. tokenized assets, and a cash on-ramp for a variety of services like online gaming/ticketing. We’re also broadening our services for high-net-worth individuals and institutions through CoinFlip Preferred, a white glove service for customers who wish to trade higher amounts via bank transfer.
CoinFlip Preferred provides consumers with same-business-day settlement, superior pricing, and deep liquidity access to buy/sell/swap cryptocurrency. Additionally, we plan to enhance our online capabilities via our mobile wallet and allow for more convenient purchases using methods like ACH and debit/credit cards.
Stay Tuned: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Crypto
Latam Insights: Inside Argentina’s Tax Relief for Exchanges and El Salvador’s Growing Bitcoin Stack
President Milei Exempts Registered Crypto Exchanges From Argentina’s ‘Cheque Tax’
President Javier Milei has issued an executive order declaring tax exemptions for virtual asset service providers (VASPs) registered in Argentina. The measure aims to increase the inclusion of crypto exchanges in the Argentine financial products market, leveling the playing field with traditional institutions.
The “debt and credit” tax, commonly known as “cheque” in Spanish, affected flows going in and out of crypto exchanges since November 2021, when former President Alberto Fernández issued executive order 796/2021, which included traditional banks in these exemptions but explicitly excluded operations involving crypto assets.
Executive Order 475/2026 extends these exemptions to VASPs, stating that it was necessary to “adapt the regulations applicable to certain actors in light of technological advances and the resulting new regulatory framework, and, on the other hand, to equalize the conditions of entities that—while carrying out activities of a similar nature—are subject to different tax treatment.”
Cuba Passes 176 Historic Reforms to Open Its Economy to Private Banks and Real Estate
On Thursday, the National Assembly of Cuba passed a set of 176 reforms to liberalize the Cuban economy, which has traditionally been state-driven, and to open several sectors, including the financial sector, to private capital.
The changes would allow private investment to enter real estate development on the island, enabling the state to sell part of its properties to national and foreign individuals and institutions, walking back the state-ownership exclusivity characteristic of the communist model.
The existence of private banks, overseen by the state, would also be allowed under these new rules, as the rise of businesses in Cuba with over 100 employees. This would pave the way for the surge of large private companies.
El Salvador Adds to Bitcoin Reserve Again as Daily Buys Push Stack Past 7,680 BTC
El Salvador has once again added to its Strategic Bitcoin Reserve, summing up its strategy in four words, i.e., “Buying the dip, every day.” The latest buy continues a routine that has become a defining feature of President Nayib Bukele’s economic policy.
The country’s reserve now stands at 7,687 BTC, valued at more than $510 million, according to recent counts. Bitcoin.com News reported that El Salvador has been treating market weakness as an invitation to add to its national stack, scooping up coins even as bitcoin slid close to $66,000.
Between January and April alone, authorities added more than 1,600 coins, consistent with a long-running policy of acquiring one bitcoin per day regardless of short-term volatility.
Crypto
Cryptocurrency News: Pepeto Nears Exchange Listing while the Cardano Price Prediction Could Flip After Hoskinson’s June Move
DUBAI, United Arab Emirates, June 20, 2026 (GLOBE NEWSWIRE) —
Pepeto moved into final preparation ahead of a major exchange listing, and the presale became the fastest closing raise of 2026 as rounds close inside days, because $10.29 million is raised, 170% APY staking runs live, three products are in production, and wallets are pouring in at a pace that tells the reader the sharpest capital has already locked the entry before the listing pulls the price out of reach forever.
The reason that capital is flowing this fast becomes clear the moment you check what the large caps are doing right now, since ADA is trading near six-year lows around $0.17 despite the highest stakes catalyst window in Cardano history, and every holder watching that gap should understand why the cardano price prediction and Pepeto keep landing together inside the same cryptocurrency news cycle this June.
Pepeto Exchange Listing Approaches While the Cardano Price Prediction Hangs on the June Rescue Plan
Cardano just walked into the highest stakes quarter in its history because ADA dropped below $0.20 in over five years following Charles Hoskinson’s June 3 break announcement per Yahoo Finance, and the bleeding only stopped on June 18 when ADA touched a $0.148 six-year low while Hoskinson rolled out a 10% protocol revenue buyback plan per CoinDesk.
While the Ouroboros Leios testnet is set to launch on June 23 per CoinMarketCap and Grayscale’s ADA ETF window opens August 9, with the bull cardano price prediction stretching $0.30 to $0.37 and the bear path back toward $0.148.
But the data that actually matters is what failed to follow the catalysts, since ADA stays trapped near six-year lows while daily trading volume has collapsed from $6.3 billion to $500 million and total value locked across Cardano DeFi has dropped 85% from $905 million to $139 million, with capital now flowing toward projects shipping live products rather than those grinding through roadmap delays, because even if the full cardano price prediction plays out a 2x from $0.17 toward $0.37 cannot reshape any portfolio.
That is the reason holders chasing the heaviest upside are pairing their ADA position with the presale carrying the biggest math behind it, since Pepeto walking toward its exchange listing is pulling the heaviest capital in the market right now and keeps showing up next to ADA across every fresh round of cryptocurrency news.
Why Pepeto Is Catching the Attention Cardano Spent Seven Years Trying to Build
The June 2026 data leaves ADA stuck in a sideways range while Pepeto keeps drawing serious money for reasons that run beyond community energy alone, because PepetoSwap runs as a zero-fee exchange across Ethereum, BNB Chain, and Solana with AI scanning every token for risk patterns.
Holders get zero gas bridging and contract checks that lock dangerous tokens out, a former Binance developer built the engine, and the Pepe ecosystem cofounder who grew a token past $7 billion now leads the team.
The Pepe comparison keeps drawing the heaviest wallets to this presale because Pepe coin lifted early holders into millionaire territory without shipping a single product and grew to roughly $11 billion in market cap while the creator of that same token now leads Pepeto.
Since everything that lifted Pepe higher is in place alongside live trading tools, and a $5,000 entry into Pepe grew into $750,000 at the peak, leaving Pepeto as the second chance at that entry while the cardano price prediction sits stuck under a slow recovery path.
Conclusion
The cardano price prediction and the upcoming Leios testnet both point toward a slow recovery and keeping ADA for stability is reasonable, but every cycle runs the same script because life-changing wealth never came from holding a large cap once the bottom held but from finding the right presale before anyone heard the name, and every signal in this cryptocurrency news cycle now leads to Pepeto as the single play of 2026.
The token remains in presale, and history proves entries placed before a token reaches an exchange carry the kind of returns holders chase for years, but presale windows are short and a simple decision to wait is how millions missed every cycle-defining entry and spent years hoping something this rare would appear again.
So once Pepeto hits a major exchange the entry closes the way Pepe coin pricing closed inside hours when the earliest wallets walked away with the returns the market still talks about today.
Click To Visit Pepeto Website To Enter The Presale
FAQs
What is the Cardano price prediction for 2026?
The cardano price prediction for 2026 targets $0.30 to $0.37 in the bull case per CoinDesk after Hoskinson’s June rescue plan, with $0.148 marking the six-year low.
Is Pepeto a stronger entry than Cardano right now?
Pepeto is a stronger entry than Cardano today because the presale opens access to a live exchange with a major listing approaching, while ADA at $0.17 offers limited multiplier room.
Crypto
Iran Moves to Close the Strait of Hormuz as Tensions Erupt Over Broken Ceasefire Deal
Key Takeaways
- Iran threatened to close the Strait of Hormuz, risking renewed oil market stability after an IDF blitz.
- CENTCOM countered on June 20, reporting 55 ships moved 17M barrels to stabilize oil prices.
- Oil dropped to $77, and Bitcoin topped $66K after the ceasefire, but a Strait closure would hit risk assets.
Iran Announced Closure of the Strait of Hormuz After Lebanon Strikes
The Iranian regime is taking action against what it qualifies as a breach of the previously signed memorandum of understanding to end the current conflict in the Middle East.
Local reports indicate that Iran’s Khatam al-Anbiya Central Headquarters, the operational headquarters of the Iranian military, announced that it would close the Strait of Hormuz, a strategic passage for 20% of the world’s oil, as a retaliatory measure after the U.S. failed to comply with the first clause of the memorandum of understanding (MoU) signed by President Donald Trump and Iranian President Masoud Pezeshkian.
The first clause of the document stresses that “the United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MOU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other.”
The measure comes as the Israel Defense Forces (IDF) launches a massive air strike campaign against objectives in Lebanon, hitting at least 80 targets allegedly linked to Hezbollah, and killing dozens of its members. Nonetheless, Lebanese authorities claim that over 47 people were killed and 97 people were wounded during these strikes.
U.S. Central Command (CENTCOM) issued a statement contradicting the Iranian regime, stressing that commercial ship traffic “increased June 20 as U.S. forces continued operating in the general area to support freedom of navigation.” “Safe passage through the international waterway remained intact today as 55 merchant ships transited, moving large amounts of cargo and more than 17 million barrels of oil to global markets,” it stressed.
A new closure of the Strait would result in a general rise in prices of the West Texas Intermediate (WTI) and Brent oil benchmarks, which have fallen to $77 and $80, respectively, in response to actions taken to end the U.S.-Israel-Iran conflict.
The action could negatively affect crypto markets, as Bitcoin climbed above $66K immediately after the announcement of a framework to end the war, with market actors jumping to risk assets.
-
Health7 minutes ago7 Celebrity Weight Loss Success Stories—From Adele to the Pioneer Woman
-
Lifestyle22 minutes agoSunday Puzzle: B to the B to the B
-
Technology30 minutes agoBose thinks it can be a media company for some reason
-
World37 minutes agoMeloni’s spat with Trump is calculated strategy to boost her approval ratings: expert
-
Politics40 minutes agoTrump’s Iran gamble divides GOP hawks and ‘America First’ conservatives over what victory looks like
-
Health45 minutes agoThis one question may reveal whether your body is getting the rest it needs, study finds
-
Sports52 minutes agoTeenage golfer Miles Russell delivers his dad an all-time Father’s Day experience during US Open final round
-
Technology55 minutes agoFake AAA email scam targets drivers