• Phoenix neurologist, Peter Steinmetz, has been charged with illegally operating an unlicensed Bitcoin exchange.  In 2013, the U.S Treasury Department officially declared that exchanges and traders of digital currencies like Bitcoin are regarded as “money service businesses” and are subject to official regulations. Neurologist and gun-rights advocate Peter Steinmetz was charged by a grand jury for operating an unlicensed bitcoin exchange. Steinmetz and Bitcoin This isn’t the first time that the brain scientist has appeared in the

    Neurologist from Phoenix to be Charged for Exchanging Bitcoin

    | 2017/07/05 11:00 pm
  • Denial-of-service attacks brought several major Bitcoin exchanges to their knees this week, leaving traders locked out of the system, as hackers reap the market rewards. Ongoing Cyber Attacks The DDoS attacks, timed to occur during intense periods of trading, gain the hackers a market advantage during price swings. Allowing them to game the price difference on compromised exchanges. Users are left locked out of the system during what could be crucial time periods of market activity. Bitfinex,

    Major Bitcoin Exchanges Crippled by DDOS Attacks Amid Record Price Rally

    | 2017/06/15 12:45 pm
  • The Kraken Exchange has lowered their withdrawal fees in response to a community backlash towards increases earlier this week. On June 8, Kraken announced it would be increasing its withdrawal fees to a static .0025 BTC in order to guarantee quicker transactions. This is equivalent to roughly$7 at current prices. Because of Bitcoin’s recent surge in popularity, mining fees are now climbing past previous highs. Kraken sent out an email outlining their changes: Kraken always pays a

    Kraken Reduces Fees Amidst Community Backlash

    | 2017/06/11 11:00 am
  • The Big Three Chinese exchanges have finally resumed Bitcoin withdrawals as trading volume appears to be coming back, pushing BTC price back above $2,400. China’s “Big Three” Resume Withdrawals Bitcoin withdrawals were expected to be unfrozen since March, however, several delays took place, pushing the end of the moratorium to June, as previously reported. Now, the biggest exchanges in China by trading volume, OKCoin, BTCC and Huobi have unfrozen cryptocurrency withdrawals, which were paused as

    Bitcoin Back Above $2400 as China’s ‘Big Three’ Exchanges Ease Controls

    | 2017/06/01 7:30 am
  • As altcoins continue to gain popularity throughout the world, Bitcoin exchanges in China are also getting in on the action and listing alternative cryptocurrencies. Huobi to Support Altcoins As the moratorium on cryptocurrency withdrawals is expected to soon end in China, exchanges in the country seem to be turning their attention to alternative cryptocurrencies. Two days ago, one of the big three exchanges in China, Huobi, announced it will launch Ethereum trading on May 31. The announcement reads: We

    China’s Biggest Exchanges to Add Ethereum, Other Altcoins as Demand Surges

    | 2017/05/29 7:00 am
  • Bitstamp and Poloniex have reported a surge in new users as cryptocurrency prices and press coverage pique mainstream interest. Poloniex: Users Up 600%, Transactions 640% in 4 Months Poloniex, commonly considered the go-to resource for crypto-to-crypto trading, released data showing a 600% increase in user numbers, while first-time traders caused Bitstamp to warn about delays to support response times. “As digital currencies continue to gain in popularity, the increase in the number of new traders

    Bitcoin Boom: Poloniex, Bitstamp Stretched Thin Amid 600% User Surge

    | 2017/05/17 4:00 pm
  • The halt on cryptocurrency withdrawals from Bitcoin exchanges in China may be coming to an end. Bitcoin talked to Bitkan to understand the situation with Bitcoin exchanges and how it has affected P2P trading in the country. Withdrawals to be Resumed The halt on cryptocurrency withdrawals imposed by Chinese exchanges is coming to an end, with withdrawals expected to be resumed in June 2017. The moratorium was caused by the task forces assembled by the country’s

    Bitkan: Peer-to-Peer Volume Keeps Growing in China

    | 2017/05/11 11:00 am
  • Japanese Internet conglomerate GMO Internet has announced the launch of their new Bitcoin exchange, GMO-Z.com Coin. GMO Internet launches exchanges Following the implementation of a law that brings Bitcoin exchanges in the country under national KYC/AML rules and views Bitcoin as an online payment system, Japan continues to establish its presence in the global Bitcoin market, with 18 exchanges applying for a Bitcoin Exchange License in the first month of approval. One of which was GMO

    Japanese Internet Conglomerate to Launch Bitcoin Exchange

    | 2017/05/09 3:30 pm
  • While Bitcoin tends to have slight price premiums and discounts in different currency markets like the CNY or INR, some exchanges are now trading Bitcoin with a considerable premium. Bitcoinist explains why. Bitfinex and Poloniex Price Premium A quick look at the Bitcoin prices from all exchanges in the field and one will notice a small anomaly. Both Bitfinex and Poloniex are trading Bitcoin with a +$50 premium on the USDT market. While most exchanges

    Bitcoin Trading at a Premium on Bitfinex and Poloniex

    | 2017/04/18 12:30 pm
  • OKCoin announces KYC/AML policy changes and gives users “suggestions and guidelines to boost trading experience and account security. No date for withdrawals has been given. OKCoin announces KYC/AML policy changes Chinese exchange OKCoin released a statement today informing users about the updates on KYC/AML policies. Although no clear date for the reactivation of withdrawals has been presented, some are speculating that these may be reactivated on the 23rd of April, the date given by OKCoin with

    OKCoin: New KYC Policy Hints at Possible Withdrawal Reactivation Date

    | 2017/04/10 1:00 pm
  • Chinese Bitcoin exchanges are gearing up to resume cryptocurrency withdrawals following the implementation of a video verification procedure. Know-Your Customer via Video Following the emails in which Chinese exchanges detailed the information required from clients in order to process their withdrawals, users are now receiving emails announcing video identity verification in accordance with the latest KYC/AML procedures imposed by the People’s Bank of China (PoBC). The email reads: In accordance to KYC / AML regulations and account monitoring procedures Huobi

    Chinese Bitcoin Exchanges Will Now Require Video Verification

    | 2017/03/28 9:00 am
  • Increasing regulatory pressures have eviscerated trading volumes across Bitcoin exchanges in China. Bitcoin’s shifting volumes and price are signaling that further disintermediation is inevitable, which could also spell trouble for Western exchanges like Coinbase and Kraken. China Regulates Bitcoin Exchanges Increasing regulation of the Bitcoin market in China by the People’s Bank (PBoC) has characterized the first Quarter of 2017. First they banned margin-trading. Then they halted withdrawals of Bitcoin from Chinese exchanges in February. The latest news is that

    The China Syndrome: Are California’s Bitcoin Exchanges Doomed?

    | 2017/03/23 4:30 am
  • Withdrawals are expected to resume soon in China as Bitcoin exchanges are finalizing regulatory guidelines with the country’s central bank. Exchange Requests Proof of Customers’ Funds It seems like the moratorium on cryptocurrency withdrawals from Chinese Bitcoin exchanges imposed by the People’s Bank of China (PBoC) may be coming to an end. A new round of PBoC meetings are being held this week to discuss the regulation draft details with the heads of Chinese BTC exchanges, according to

    Chinese Bitcoin Exchanges Expected to Resume Withdrawals Soon

    | 2017/03/21 10:00 am
  • 20 Bitcoin Exchanges have agreed to list Bitcoin Unlimited (BTU/XBU) as an altcoin, if a hard fork should occur. BTC & BTU In the midst of a heated discussion on the scalability and future of Bitcoin, a group of 20 Bitcoin exchanges, including major eastern and western ones, have announced that should a hard fork occur, they will list BTC (Bitcoin Core) and BTU (Bitcoin Unlimited) as two separate currencies. This decision, backed by BitFinex, BitStamp,

    Could This Be The End For Bitcoin Unlimited?

    | 2017/03/17 11:30 pm
  • China is continuing its crackdown on Bitcoin exchanges through regulation that has been taking place for the last two months. Tighter regulations are coming to protect users and The State. Bitcoin Traders in China Get KYC’d According to the Wall Street Journal, Bitcoin exchanges would be treated like common legacy banks in the fact that they would have to collect information on their users, similar to KYC (Know Your Customer) regulations in banks around the

    Bitcoin Exchanges in China Must Now Identify All Users

    | 2017/03/17 9:00 am
  • Bitcoinist compiled a list of alternative platforms for p2p Bitcoin, altcoin and fiat trading that ensure safety, privacy, and freedom — something that’s often missing in centralized exchanges that typically hold the keys to your bitcoin. P2P TRADING & LOCALBITCOINS LocalBitcoins is a peer-to-peer exchange that offers trading services all around the world. While the platform itself is not decentralized, it allows users to exchange Bitcoin for national currencies directly between themselves. The exchange allows out-of-band payments for fiat

    Top 5 Alternatives to LocalBitcoins

    | 2017/03/15 5:00 pm
  • Bitcoinist spoke with Leon Liu, the CEO of BitKan, a Chinese P2P Bitcoin trading service, to get a better idea on the current situation following the recent regulatory clampdown on Bitcoin exchange withdrawals in the country. Bitcoinist: What kind of trading services does BitKan provide? Leon Liu (LL): BitKan provides P2P bitcoin trading services with broker match-making to save time for our users. During a trade, BitKan acts as an escrow service, guaranteeing funds delivery for

    BitKan: Our Volume Grew ‘Twelve Times’ Since PBoC Halted Withdrawals

    | 2017/03/07 12:00 pm
  • Kraken has acquired charting platform Cryptowatch in an effort to improve its interface and cryptocurrency trading experience. Kraken Snatches Cryptowatch San Fransisco based cryptocurrency exchange Kraken has announced the acquisition of Cryptowatch, a popular charting and trading platform to improve its own trading platform. The latest move by Kraken will allow clients to have direct access to an upgraded Cryptowatch trading interface through the Kraken platform itself, introducing users to a tool that is already used

    Kraken Continues M&A Spree: Acquires Cryptowatch Charting Platform

    | 2017/03/01 1:00 pm
  • China’s love affair with P2P trading platform LocalBitcoins shows no sign of flagging after yet another consecutive record week with traders exchanged over 50 million yuan. LocalBitcoins: 700k Reals, 50 Million Yuan Data from Coin Dance shows the seven days ending Saturday, February 25 was the busiest period ever for Localbitcoins in both China and Brazil. In the week prior, China registered around 36 million yuan in transactions, which itself easily beat any previous weekly period multiple

    Another Week, Another Record: LocalBitcoins Explodes in China, Brazil

    | 2017/02/27 3:00 am
  • Venezuela Bitcoin exchange SurBitcoin has announced it intends to start operating once more within a week. Legal Bitcoin Exchange in ‘Around One Week’ In a statement on its Facebook page, the exchange, which was forced to close at the request of banking partner Banesco, said that the process of finding a replacement had taken “longer than expected.” “Based on the procedures carried out so far and the ongoing discussions with the bank’s management, it is

    Venezuela’s Only Bitcoin Exchange to Resume Operations

    | 2017/02/23 5:30 am
  • LocalBitcoins has recorded an exponential 1,200% surge in China trading since the country’s exchanges started reacting to pressure from the People’s Bank of China (PBoC). 36 Million Yuan Per Week and Counting The week ending February 18th was the best on record for the peer-to-peer marketplace, which registered a global high of over $24 million USD in transactions. The Chinese market, until just a few weeks ago practically dormant, saw a giant 36 million yuan

    LocalBitcoins Trading Up 1,200% in China Since PBoC Clampdown

    | 2017/02/20 7:30 am
  • As Chinese exchanges put BTC withdrawals on hiatus, LocalBitcoins is seeing new all-time trading highs – and not just in China. New Trading Highs Around The World The knock-on effect of investors flocking to the peer-to-peer marketplace is seemingly creating unprecedented demand in markets such as Canada, Chile, Colombia, New Zealand, Saudi Arabia, Sweden, Mexico, Turkey and, of course, Venezuela. In fact, global P2P trading on LocalBitcoins has been seeing a continued upwards trend across the board.  The

    Not Just China: P2P Bitcoin Trading is Also Soaring in These 9 Countries

    | 2017/02/14 4:00 am
  • It looks like the roller coaster that is Bitcoin price in 2017 is far from over. January has typically been a volatile month for Bitcoin values, but February is becoming very unstable, with the announcement that Chinese exchanges are moving to new policies and restricting Bitcoin withdrawals for the next month. PBoC Strikes Again: Price Slides Over 12% The issues for Bitcoin price began yesterday, as the heads of nine Bitcoin exchanges in China were

    Bitcoin Price Drops Over 12% as Chinese Exchanges May Become ‘Bitcoin Banks’

    | 2017/02/09 9:30 am