FTX-related news is still flooding the crypto media, after the release of FTX's former CEO and founder on $250 Million bail, he has been sent to house arrest and he doesn’t seem to get out of the limelight of the media. And according to a recent report it is seen that Australia has surpassed El Salvador and become the fourth largest country to have working Bitcoin ATMs. Let’s look into this in detail!
1. SBF Cashed Out $650K from House Arrest
According to the recent thread published by the on-chain analyst BowTiedlguana, Sam Bankman-Fried has cashed out more than $650K and moved them to some exchange. The investigation is carried out on the on-chain address which is supposed to be SBF, as SBF himself tweeted that address on September 2020.
According to the bail condition, SBF is not allowed to spend more than $1000 per month and if what BowTiedlguana has said in the thread, I suppose that’s a breach of the bail condition and he should be back in jail. Another thing to notice here is, why the hell does SBF has access to the laptop, isn’t he supposed to be kept away from the internet and computers, well as long as I think such accused should be kept away from the internet. Well, that’s the opinion of a common person, so I guess no one takes us seriously, he paid $250M for bail and some privileges along with it, who knows 😊
2. Australia Became Fourth Largest Hub of Crypto ATMs
According to the data from Coinatmradar, Australia has surpassed El Salvador in the number of active crypto ATMs in the country. As we all know, El Salvador is the first country in the world to legalize Bitcoin and use it as a legal tender, in order to spread the newly adopted narrative El Salvador has installed more than 200 ATMs across the globe, which got them on the third spot in the list of active crypto ATMs.
But soon, Australia started to install more ATMs and now according to the data on the 1st of January, they surpassed El Salvador by 7 ATMs and got the fourth spot. As you can see in the chart below, the ATMs' installation has surged globally. Coinsource, CoinCloud are some of the top operators, and been leading the crypto ATM industries.
Currently, United States, Canada, and Spain holds the first, second, and third position in the list of largest active number of crypto ATMs. I am not sure how crypto ATMs play role in the crypto space, as I have never any, have you ever used crypto ATM?
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