Bitcoin Depot Resources

Whether you’re a crypto newbie or a blockchain pioneer, we’ve got something for everyone.

GSR II Meteora Acquisition Corp. Announces Filing and Mailing of Definitive Proxy Statement and Special Meeting Date for Proposed Business Combination with Bitcoin Depot

Special meeting of GSR II Meteora Acquisition Corp. stockholders to approve the proposed business combination to be held on June 28, 2023 at 10:00 a.m. Eastern Daylight Time. NEW YORK June 20, 2023 – GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) (“GSRM”), a special purpose acquisition company, and Lux Vending, LLC dba Bitcoin Depot (“Bitcoin […]

Types of Crypto Tokens and Coins

As today’s crypto market continues to expand, we see the introduction of new and inventive coins. Sometimes that’s a good thing, sometimes it’s not. Regardless, there are tens of thousands of cryptocurrencies out there. Of course, not all crypto is the same. There are many different types of crypto tokens and coins. We’re not going […]

Getting to Know CBDCs

CBDCs (Central Bank Digital Currencies) aren’t a new idea, but they are beginning to gain more traction in today’s online economy. Despite their popularity with central banks, many questions remain about these virtual currencies. If you want to learn more about CBDCs, keep reading as we tell you all about them. Getting to Know CBDCs […]

What is Bitcoin Halving & How Does It Work?

Bitcoin halving is the term used when block rewards for miners get reduced by half. This happens every four years and results in a 50% reduction in the supply of new Bitcoin. This process was developed to protect the Bitcoin protocol from inflation by maintaining a limited supply. Let’s talk about Bitcoin halving, why it […]

What is Proof of Work (PoW) in Blockchain & Bitcoin?

Proof of Work, typically shortened to PoW, is a consensus mechanism used by blockchains to prevent double-spend or 51% attacks on the network. For example, Bitcoin uses PoW to create new blocks for its blockchain. Of course, there’s much more than that involved in the PoW protocol, including the mining process people love to discuss. […]

Consensus and the Blockchain

If you follow Bitcoin, the chances are good that you’ve heard about and read about consensus and the blockchain at some point. While consensus isn’t something you have to have a deep knowledge of to buy or sell Bitcoin, it does help to understand how it relates to the blockchain. You might also hear consensus […]

Understanding Double-Spending

Double spending is a potential flaw in digital cash systems in which the same single digital token can be spent more than once. Double spending is an inherent problem with digital currency and is one of the key issues that Bitcoin was designed to solve. How Does Double-Spending Work? Let’s quickly review the blockchain and […]

What is Anti-Money Laundering?

Cryptocurrencies have grown in popularity in recent years, with more people purchasing them as an alternative to traditional finance. However, with the increasing use of cryptocurrencies, criminals have found ways to use crypto for illegal purposes. One way crypto is fighting back is through anti-money laundering practices. But, what is anti-money laundering? As a result, […]

What Crypto Scams Seniors Should Watch For

Cryptocurrency is hot right now, and with it comes a rise in scams. Seniors are particularly vulnerable to these scams, as they may be more trusting of strangers and less familiar with how cryptocurrency works. That’s not to say there aren’t some pretty savvy elders out there, but in general, those over the age of […]