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Tag Archive: Localbitcoins

Bitcoin, Bitcoin Businesses, Bitcoin Regulation, News, News teaser
Localbitcoins Now Demands ID For ‘Significant’ Trade Volumes

Peer-to-peer Bitcoin trading platform Localbitcoins is causing controversy on social media after users complained about surprise anti-money laundering (AML) and know-your-customer (KYC) measures. AML/KYC: First Advertisers, Now Everyone? A thread on the r/Bitcoin subreddit currently gaining significant exposure focuses on new obligations for Localbitcoins users wishing to advertise trades or who have “significant” trade volumes. While the platform has not released official material regarding updates to its regulatory compliance policy, it now appears that depending
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Wilma Woo · April 17, 2018 · 10:00 am
Altcoin News, Bitcoin, Bitcoin Businesses, News, News teaser
2.7 TRILLION Bolivars: Venezuela Bitcoin Trading Hits All-Time High

Venezuela Localbitcoins users traded a record 2.7 trillion bolivars in the week ending April 14, new data shows. $55 Million A Week In Bitcoin Coming just after the debt-ridden country’s parliament formally approved a law requiring all government institutions to accept its Petro cryptocurrency by July, the astonishing numbers dwarf any other week since records began in 2013. Trading figures are compiled by monitoring site Coin Dance, which uses official exchange rates for the US
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Wilma Woo · April 16, 2018 · 7:00 am
Bitcoin, Bitcoin Exchange, Blockchain Technology, News, News teaser
2018 To Be the Year of SegWit

The year started with good news about Bitcoin’s urgently needed optimizations. Indeed, key entities of the cryptocurrency ecosystem began the year by rushing to become Segregated Witness (SegWit) compatible. Specifically, BTC.com and LocalBitcoins.com are implementing SegWit from the first business day of 2018. SegWit Will Help Reduce Transaction Fees Dr. Pieter Wuille proposed SegWit in December 2015. Then it was activated in August 2017. Segwit promises to improve Bitcoin’s scalability and reduce Bitcoin’s transaction fees.
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Julio Gil-Pulgar · January 3, 2018 · 1:30 am
Bitcoin, Bitcoin Exchange, News, News teaser
Police Arrest Three Bitcoin Traders in Kenya

Police in Kenya arrest three Bitcoin traders on charges of money laundering by using stolen money to purchase cryptocurrency. There are some definite advantages to using cryptocurrencies like Bitcoin, such as anonymity and ease of use. Of course, one of the main benefits of digital currency is that anybody, no matter where they are in the world, can be an active participant in the crypto economy. But there are times when the advantages of Bitcoin
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Jeff Francis · December 6, 2017 · 1:45 am
Bitcoin, Bitcoin Exchange, Bitcoin Investment, Companies, Emerging Markets, News, News teaser
Localbitcoins Sets Biggest Gain Ever As Venezuelans Exit Fiat

Bitcoin’s price spike and increasing adoption have fuelled a Localbitcoins trading surge that has dwarfed any in the cryptocurrency’s history. $90 Million In A Week Data from Coin Dance tracking trading on popular p2p trading platform Localbitcoins shows that for the week ending Saturday, December 2, almost $90 million passed through worldwide. The huge uptick puts last week clear ahead of Localbitcoins’ previous busiest week, which occurred mid-September and saw it handle $71 million. As
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Wilma Woo · December 4, 2017 · 5:30 am
Bitcoin, Bitcoin Price, Emerging Markets, News, News teaser, Uncategorized
Bitcoin Hits $13.5k In Zimbabwe As New Markets Post Record Trading

Bitcoin trading spikes in Zimbabwe are just the start of a multi-pronged surge seeing Saudi Arabia and other new areas jump on board. Saudis Fleeing The Wealth Crackdown? That’s according to statistics from Coin Dance, which tracks weekly trade volumes from p2p exchange platform Localbitcoins. As Zimbabwe experiences extreme volatility in the price of Bitcoin, which topped $13,500 this week amid military intervention, uncertainty is also pushing activity up across the world. The price of
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Wilma Woo · November 16, 2017 · 7:30 am
Bitcoin Exchange, News, News teaser
Move Over LocalBitcoins – Qvolta Aims to Dethrone Reigning P2P Crypto Exchange Platform

With Qvolta’s MVP already going live and the pre-ICO just a handful of days away, the latest peer-to-peer cryptocurrency-fiat exchange platform has generated a lot of buzz. We examine the improvements Qvolta offers on its competitors, and give you a one stop shop for all events related to it.
Karan Kapoor · August 10, 2017 · 9:45 pm
Bitcoin, Bitcoin Price, Markets and Prices, News, News teaser
China’s Over-the-Counter Bitcoin Price Breaks 20K Yuan

Amid a continued stranglehold on Bitcoin withdrawals at exchanges, China’s over-the-counter (OTC) market is exploding with a premium on Bitcoin price. Bitkan Celebrates 20k+ CNY OTC Trade Prices Data compiled by OTC marketplace Bitkan shows Bitcoin’s price rise contributed to a tenfold increase in users over the past three months, with prices per coin now above 20,000 yuan ($2,900). “[…] Because of (sic) the major Bitcoin exchange platforms have been banned from withdraw (sic) by
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Wilma Woo · May 25, 2017 · 3:00 pm
Bitcoin, News, News teaser
Florida Bill Aims To Add Virtual Currency To AML Statutes

An act designed to add virtual currencies to Florida’s anti-money laundering statutes has unanimously passed three state committees. Bill Targets ‘Ill-Gotten Gains’ From ‘Internet-Based Currencies’ The bill, sponsored by republican Jose Felix Diaz, “makes sure that traffickers and fraudsters can no longer try to use internet-based currencies to hide and move their ill-gotten gains,” State Attorney Katherine Fernandez Rundle said in a statement quoted by local news resource Miami Herald. Rundle added: The high-tech criminals of
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Wilma Woo · April 22, 2017 · 1:00 pm
Bitcoin, Bitcoin Businesses, Bitcoin Exchange, Bitcoin Regulation, News, News teaser, Op-Ed
The China Syndrome: Are California’s Bitcoin Exchanges Doomed?

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
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SG Kinsmann · March 23, 2017 · 4:30 am
Bitcoin, Bitcoin Education, Bitcoin Exchange, Bitcoin Regulation, News, News teaser
Top 5 Alternatives to LocalBitcoins

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
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Antonio Madeira · March 15, 2017 · 5:00 pm
Bitcoin, Bitcoin Exchange, Bitcoin Price, Bitcoin Regulation, News, News teaser, Uncategorized
Another Week, Another Record: LocalBitcoins Explodes in China, Brazil

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
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Wilma Woo · February 27, 2017 · 3:00 am
Bitcoin, Bitcoin Exchange, Bitcoin Regulation, News, News teaser
LocalBitcoins Trading Up 1,200% in China Since PBoC Clampdown

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
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Wilma Woo · February 20, 2017 · 7:30 am
Bitcoin, Bitcoin Exchange, Bitcoin Regulation, News, News teaser
Not Just China: P2P Bitcoin Trading is Also Soaring in These 9 Countries

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
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William Suberg · February 14, 2017 · 4:00 am
Bitcoin, Bitcoin Exchange, Interviews
Interview with Peer2Cash: The ‘ShapeShift’ of Buying Bitcoin

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
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Bitcoinist.net · January 29, 2017 · 2:00 am
Bitcoin, Bitcoin Price, Bitcoin Taxes, Markets and Prices, News
Venezuela, South America See Record Bitcoin Trading Volume…Again

Trading volume on peer-to-peer exchanges broke another all-time high in most of South America, Russia, and even in the U.S. South America Following Venezuela According to recent stats, Bitcoin continues to gain popularity presenting itself as a way out from accentuated inflation, demonetization policies and general economic and political uncertainty in troubled countries. Besides Russia (as usual), LocalBitcoins has registered another record week across South America. Countries including Chile, Venezuela, Colombia, and Brazil are all seeing record high
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Antonio Madeira · December 27, 2016 · 8:00 am
Bitcoin, Bitcoin Businesses, Start-Ups
OTC: The Silent and Growing Sector in the Bitcoin Trading Markets

The bitcoin price has exploded in recent weeks, breaking $700 USD for the second time in 2016. Many analysts attribute this bullish activity to the economic slowdown occurring in China, along with the devaluation of the renminbi (RMB), which reportedly leads Chinese investors to buy bitcoin as a safe-haven asset. Disclaimer: This article is sponsored by BitKan The Chinese economy has been in a slow decline since the beginning of 2016, with a depreciating
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Bitcoinist.net · November 4, 2016 · 1:00 pm
Bitcoin, Bitcoin Breaking News Brief, Bitcoin Businesses, Bitcoin Security, Bitcoin Service, News, News teaser, Trending
LocalBitcoins Database Allegedly Hacked, User Info For Sale

The bitcoin marketplace, LocalBitcoins, has reportedly been hacked by a malicious agent who claims to have the full database of usernames and passwords. Also read: Bitcoin Price Stirs Up Bullish Sentiment LocalBitcoins Possibly Hacked So far, the hacker has only posted an alleged partial list for sale on Satoshibox and it remains unknown if there is a larger list being sold. There is a belief among some that this is simply a hoax as the
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Trevor Hill · April 24, 2016 · 5:27 pm
Bitcoin, Bitcoin Breaking News Brief, Bitcoin Businesses, Breaking Bitcoin News, Breaking News, News, News teaser
LocalBitcoins Volume In South Africa Shows 50-fold Growth In One Year

The concept of Bitcoin has been attracting attention from all over the world in recent years. Digital currency provides a way to achieve financial freedom regardless of one’s location or access to existing services and platforms. South Africa seems to be taking a serious liking to Bitcoin in recent weeks, as the LocalBitcoins trading volume keeps spiking week over week. Also read: London Bitcoin Forum – The Conference for Bitcoin & Blockchain Innovations – Kicks
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Jp Buntinx · February 29, 2016 · 5:01 am
Bitcoin, Bitcoin Acceptance, Bitcoin Investment, Bitcoin Service, Companies, News, News teaser, Trending
How Bitcoin Boosts the Jobs Market

Money makes the world go round. Whether you’re watching Gary Coleman speaking on Cash Call commercials or listening to the Broadway musical “Cabaret,” this is an old saying that you’ve likely heard time and time again, and it’s true. The globe unites in its views on money. We all need it, we all want it, and we sure love to spend it. Regardless of universal thought, however, there’s no denying that money is always changing,
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Nick Marinoff · September 22, 2015 · 12:00 pm
Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, Bitcoin Exchange, Bitcoin Politics, Bitcoin Regulation, Bitcoin Service, Bitcoin Technology, Companies, Legislation, News, News teaser, Services, Technology, Trending
BitLicense Casualty: LocalBitcoins Exits New York

Bitcoin regulation in the state of New York remains a topic of heavy debate, as the latest company to halt its services in the state is none other than LocalBitcoins. The largest Bitcoin peer-to-peer marketplace in the world is being hindered by the BitLicense regulations put in place earlier in 2015. Also read: Coinbase Asking for More Information Than Banks? BitLicense Claims LocalBitcions as Next Victim Whether people like or dislike the idea of regulating Bitcoin at
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Jp Buntinx · August 14, 2015 · 3:00 pm
Bitcoin, Bitcoin Breaking News Brief, Bitcoin Businesses, Bitcoin Technology, Companies, News, News teaser, Services, Start-Ups, Technology
Fleet – The LocalBitcoins Platform For Freight Forwarders

Cargo shipping is a vital part of our global economy, as goods need to be picked up and delivered by boat in many cases. However, the shipping of cargo usually relies on centralized services and companies as well. But if tech startup Fleet has a say in the matter, they will decentralize the freight forwarder business altogether. Also read: Greece, Europe and Bitcoin Fleet – The Yelp For Global Cargo Shipping Most people don’t realize
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Jp Buntinx · July 9, 2015 · 4:26 pm
Bitcoin, Bitcoin Businesses, Companies, News, Press releases
LocalBitcoins now lets you operate your own bitcoin ATM

The cryptocurrency ecosystem is constantly developing new and improved accessibility options for digital currencies; Exchanges are trying to go even further while presenting more direct service options. Localbitcoins finds that the demand for effortless and easy exchanging services is becoming increasingly necessary in order to serve a rising number of people and businesses starting to use Bitcoin. People are more interested in Bitcoin, and more shops accept Bitcoin everyday, both offline and online. The usability
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Nuno Menezes · September 4, 2014 · 6:00 pm