• 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
  • BTCC exchange CEO Bobby Lee has become the latest Bitcoin figure to refute claims the cryptocurrency is being used for Chinese capital flight. Lee: Bitcoin Capital Flight ‘Simply Not The Case’ In a post published Wednesday, Lee said that “from everything I’ve seen on the ground here, running one of the largest Bitcoin exchanges in China, this is simply not the case.” His comments follow those made late last year by Bitquoints CEO Joseph Wang, who

    BTCC CEO: Chinese Bitcoin Capital Flight ‘Simply Not The Case’

    | 2017/02/03 8:30 am
  • You can’t keep a good decentralized, peer-to-peer, global digital currency down. After a turbulent first month of 2017, Bitcoin closes January strong and gets back to a net gain for the month. Bitcoin Price Pares 2017 Losses Bitcoin price always seems to struggle at the start of any calendar year, and January of 2017 was no different. Bitcoin had threatened the all-time price record during the first week of 2017, reaching a high of $1,153 USD

    Bitcoin Price Gets Back in the Black for 2017 After 5% Spike

    | 2017/02/01 2:00 am
  • Poland’s oldest exchange Bitcurex has mysteriously “disappeared” with users losing access to capital and locking 2,300 bitcoins out of users’ hands. 2,300 BTC Gone Forever Local news sources report that following problems reaching back to October, the platform has now ceased operation altogether, with staff failing to release clear information. Only social media pages survive, while it appears that a Polish public prosecutor investigation instigated by the exchange is no nearer returning lost funds. Bitcurex’s

    Bitcurex: Owner ‘Disappears’ After Failing to Return 2,300 BTC

    | 2017/01/31 8:00 am
  • Bitcoinist spoke with Peer2Cash, a new online cryptocurrency buying service based in Switzerland that mimics the way online exchange Shapeshift.io operates–except for buying and selling bitcoin–tapping nearly 50 exchanges. Interview with Peer2Cash Peer2.cash has recently rebranded from Instacash. The team head, who preferred not to use his name for “security reasons,” explains how they tap different P2P exchanges to offer the best Bitcoin price available, what’s the best method to preserve privacy, and how the service

    Interview with Peer2Cash: The ‘ShapeShift’ of Buying Bitcoin

    | 2017/01/29 2:00 am
  • Paxful has unleashed their new ‘Bitcoin Kiosk’  widget allowing anyone to buy bitcoin in 300 different ways. Bitcoin Kiosk: 300 Ways to Buy Bitcoin People ask me all the time “How do I starting buying Bitcoin?” It’s a good question when meeting someone in stranger through LocalBitcoins.com may be intimidating for a newbie. Entering into a mass surveillance dragnet through Coinbase, via the IRS, may also fail to create an appealing introduction. Now, Paxful has a

    New ‘Bitcoin Kiosk’ Aims to Make Buying Easier Than Ever

    | 2017/01/28 2:00 am
  • Bitcoin’s price dropped slightly after the People’s Bank of China (PBOC) published a summary of its findings after inspecting major Chinese exchanges. PBoC: ‘Continued Focus’ on Exchange Activities “According to the initial inspection and the problems found, the inspection group decided to continue to focus on payment and settlement, anti-money laundering, foreign exchange management, information and financial security and other aspects of further inspection,” the translated statement reads. Investigators suggested that investors should pay attention to

    PBOC to ‘Continue Focus’ on Exchanges as Volumes Plummet

    | 2017/01/25 7:00 am
  • Europol, Interpol and the Basel Institute on Governance have revealed three focus areas for their planned regulations on cryptocurrency exchanges. Regulations are Definitely Coming A sure sign that Bitcoin has become more mainstream and accepted than ever is the increase in regulations. Nations are looking for tax revenue from Bitcoin users, and government law enforcement agencies are treating Bitcoin just as they would any other publicly traded currency. Recently, Europol, Interpol and the Basel Institute on Governance

    More Regulations Coming to Bitcoin Exchanges Against ‘Economic Crimes’

    | 2017/01/25 2:30 am
  • Following inspections from People’s Bank of China, the Big Three Chinese exchanges have halted margin and zero-fee cryptocurrency trading. The End of the Beginning? Bitcoin’s surge in price at the beginning of 2017 caught the attention of the Chinese government, which has been fighting tooth and nails against capital flight in the country, restricting foreign investments and gold importations. Given that an overwhelming majority of the Bitcoin trading volume comes from China, the government has

    Zero-Fee Bitcoin Trading Officially Ends in China; Begins in the UK

    | 2017/01/22 2:30 pm
  • As Bitcoin exchanges in China halt margin trading, zero-fee trading may also be on the chopping block as the industry awaits regulation. China Halts Margin Trading Following the inspections conducted by the People’s Bank of China, the country’s ‘Big Three’ Bitcoin exchanges BTCC, OKcoin and Huobi have stopped margin trading services. Although no official statement from the PBoC has been issued regarding the legality of the margin loan services, media reports state that the platforms’ margin

    Chinese Bitcoin Exchanges Halt Margin Trading: Zero-Fees Next to Go?

    | 2017/01/19 8:00 am
  • Bitcoin started dropping in price once again Wednesday after Chinese authorities stated exchanges “were violating rules.” PBoC: Rules ‘Violated’, AML Measures ‘Not Sound’ Inspections conducted on Huobi and Okcoin by a joint group of overseers including the People’s Bank of China (PBoC) revealed what a statement calls “margin trading which violated rules, resulting in abnormal price fluctuations on the market.” “During the inspection, it has also been discovered that these platforms had not established [a]

    China: PBoC Says Exchanges ‘Violated Rules,’ Repeats Investor Warnings

    | 2017/01/18 10:00 am
  • Blockstream has released a whitepaper detailing the Strong Federations system, the foundation for the Liquid sidechain project to improve privacy, costs, speed of value transfers and settlement among exchanges and brokerages. ‘An Interoperable Blockchain Solution’ Under the leadership of Adam Back, Blockstream has released a whitepaper dubbed “Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks.” The whitepaper delves into the intricacies of the federated pegs system that can be used to attach sidechains to Bitcoin.

    Blockstream Reveals ‘Strong Federations’ to Boost Sidechain Project

    | 2017/01/18 8:30 am
  • Counterparty Foundation Community Director Koji Higashi has agreed that Japan’s future in Bitcoin is an “upward trend” and could challenge China in trading volume. Japan: World’s #2 Bitcoin Trader His comments follow mainstream media alleging the number of Japanese outlets accepting Bitcoin had quadrupled to over 4,000 in 2016 alone. In a blog post Monday, Higashi said that in contrast to China’s falling trading volumes due to exchange inspections and uncertainty over legislation, Japan’s legal

    Japan Rises to Become 2nd Biggest Bitcoin Trader in the World

    | 2017/01/17 5:00 am
  • It would be just lovely to say that Bitcoin is the economic revolution founded and funded by libertarians and economic idealists worldwide. That may have indeed been Satoshi Nakamoto’s vision back in 2008. However, where the rubber meets the road has proven far different than this altruistic vision. Wall Street Sharks Dive Into Bitcoin The vast majority of all Bitcoin trades are done by people just for the sake of making a trade, to drive

    Wall Street Meets Bitcoin Boulevard – The World of High-Speed BTC Trading

    | 2017/01/17 2:00 am
  • Coinbase CEO Brian Armstrong has suggested US cryptocurrency businesses adopt broker-style bureaucracy to achieve a better relationship with the taxman. 1099-B ‘Potential Solution’ to Crypto Tax Woes In a blog post published Saturday, Armstrong argued that the costliness of Coinbase’s current legal battle with the Internal Revenue Service could in future be avoided. “…Coinbase and the IRS have (I believe) a shared goal to ensure all U.S. customers pay their taxes,” he wrote. “I believe

    Coinbase vs IRS: CEO Says Broker Tax Forms ‘Potential Solution’

    | 2017/01/15 7:00 am
  • Finding a Bitcoin affiliate program is rare. Finding one that promotes the global use of Bitcoin even more so. Finding one that pays out full Bitcoins to members is Bitcoin-buying service Paxful, as they launch their new 30-day program. Leveraging Affiliate Programs to Spread Bitcoin Bitcoin is still a hidden secret to many around the world, and I have long held that creating affiliate programs is a proven method to increase mainstream adoption quickly. If

    Paxful Announces New Affiliate Program That Gives Away Full Bitcoins

    | 2017/01/11 3:00 pm
  • Bitcoin fell sharply Wednesday to a 2017 low as China’s central bank sought to inspect flagship Bitcoin exchange BTCC for malpractice including “market manipulation.” ‘Joint Inspection’ Results Unknown A translated statement from the Shanghai arm of the People’s Bank of China (PBOC) tweeted by cnLedger Wednesday showed BTCC (also known as BTCChina) is subject to checks for a raft of potentially criminalizing operations. The bank’s Beijing branch also released a similar announcement Wednesday. The “joint inspection” by

    Bitcoin Price Slides as China’s Central Bank Probes Exchanges

    | 2017/01/11 6:00 am
  • Bitcoin has hit its all-time high price on pioneering Chinese exchange BTCC (formerly BTC China), reaching almost 7,700 yuan. Chinese Investors Push Bitcoin to New All-Time High As of 21.30 PST January 3, the price of a coin reached 7,658.19 yuan, beating a 2014 high of 7,588.88. [Click for a larger view] The CEO of China’s oldest Bitcoin exchange BTCC Bobby Lee marked the occasion tweeting, 🏆It's official! We've set a price record for #China

    Bitcoin Breaks All-Time High in China, $17 Billion Market Cap

    | 2017/01/04 5:00 am
  • Two weeks ago, managing partner of Berns Weiss LLP Jeffrey K. Burns filed a motion to set aside the “John Doe” summons against any and all American Coinbase customers. Today, the IRS had an interesting response for Mr. Berns. IRS Counters: Berns’ ‘Motion is Moot’ The Bitcoin community has been somewhat justified in their disturbance over the recent “John Doe” summons against any and all American Coinbase customers a little over one month ago. Thusly,

    The Empire Strikes Back: IRS Counters Coinbase Customer’s Action

    | 2016/12/29 2:30 am
  • It’s looking to be a joyous Christmas this year for Bitcoinists as the bullish price run is shocking the world for the holidays. Bitcoin Demand Tsunami We here at Bitcoinist are wishing you a very Merry Christmas and that seems to be working out just fine, as Bitcoin is shocking the world. The last 48 hours has been a tsunami of Bitcoin demand, activity, and trading that may be unprecedented in Bitcoin history, given the

    Bitcoin May Have Set Single Day Trading Record as It Nears $900

    | 2016/12/22 9:00 am
  • Kraken announced yesterday that they have acquired the American Bitcoin wallet provider Glidera to their corporate umbrella. Kraken Snatches Yet Another Startup 2016 has been a huge year for the Kraken bitcoin exchange, and they are looking to let the good times roll when it comes to mergers and acquisitions. Kraken added the resources of three major bitcoin exchanges, Coinsetter, Cavirtex and Clevercoin. Now, they have acquired the American Bitcoin wallet provider Glidera to their corporate

    Cryptocurrency Exchange Kraken Acquires Bitcoin Wallet Provider Glidera

    | 2016/12/14 3:00 am
  • Demand for Bitcoin seems to be on the rise again in many countries throughout the world as the global economy shows many signs of self-destruction. Bitcoin Hits Highest Price Since 2014 As nations engage in different levels of market manipulation and currency controls, savvy investors continue to use Bitcoin as an economic safe haven, driving market values to a new 2016 high early on Tuesday. According to the Coindesk Bitcoin Price Index, Bitcoin reached a global

    Bitcoin Global Price Spikes as China Market Hits $800 Per BTC

    | 2016/12/13 8:00 am