localbitcoins

HSBC Closes ATMs in Hong Kong, Bitcoin Fixes This

International banking giant, HSBC, has decided to lock down 19 ATM clusters in Hong Kong due to vandalism from protestors. Bitcoin is just one example of an alternative financial solution for HK citizens during the ongoing crisis.  Protesters Damage HSBC ATMs, Leading to Restrictive Measures Hong Kong, shaken by a series of protests, has seen...
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Burger King, Petro, and Rising Bitcoin Volume: Venezuela Might Be The Leading Country In Terms Of Crypto Adoption

While most of the world countries and entities are making slight attempts to enlarge their cryptocurrency adoption, Venezuela might be way ahead. Judging by the past year, the dictatorship country has been quite favorable towards Bitcoin and other digital assets, with increased trading volume, and its own cryptocurrency to be used in oil trades. Most...
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Latin America Is The Most Interested In BTC P2P Trading: Report

Interest in cryptos and particularly about Bitcoin (BTC) in Latin America is on the rise as famous Bitcoin (BTC) Peer-to-Peer trading platform LocalBitcoins has been experiencing rises in its weekly Bitcoin (BTC) trading volume in Venezuela and Argentina as we are about to read further in today’s crypto news. Information from CoinDance, a cryptocurrencies statistic...
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Banking Platform Cashaa Sees Indian Trading Volume Soar, Adding 5 More Cryptocurrencies

Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup –...
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Global LocalBitcoins Trading Volumes Continue to Drop Lower

Given bitcoin’s volatile price swings, one would expect there to be more interest in this currency. If the recent LocalBitcoins volume is an official indicator, that seems to be anything but the case. Many “experts’ often point out how a large amount of bitcoin trading doesn’t happen on centralized exchanges.  LocalBitcoins Falls out of Favor...
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P2P Crypto Trading App Allows You to Protect Your Privacy

Regulatory pressures as well as the development of third-party, intermediary and custodial services in the crypto space have been limiting the share of peer-to-peer trading. A new contender is now challenging established P2P exchanges by offering users a mobile service that allows them to determine the level of privacy they want to maintain, and use...
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Economic Uncertainty, Restrictions in Argentina Show Power of Bitcoin

In the weeks following dramatic new restrictions regarding the acquisition of both bitcoin and USD in Argentina, the local crypto community has reacted in a number of interesting ways, showing both the possibilities of Bitcoin as a financial tool in the face of government constraints as well as the decentralized crypto asset’s resilience to measures...
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Bitcoin Trading Volume in Argentina Hits New ATH As The President-Elect Announced New Cabinet

Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has chosen a new cabinet seeking the Peronist agenda and possibly going against IMF’s involvement in the country. Bitcoin Trading Volume At ATH According to the popular monitoring resource Coin.Dance, the...
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GlobalBitcoinsPro.com Enables Offline BCH Cash Trades

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. After the devastating news of the removal of offline cash trades and the new vigorous and intrusive KYC...
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Bitcoin Demand in Economically Volatile Countries Reaches Record Highs

Nothing drives up demand for Bitcoin more than economic and political uncertainty. Well maybe a large dose of China initiated FOMO, but fundamentally BTC acts as a solid hedge against failing fiat and economic policy. This year has not been one to remember for a number of nations, and that has clearly been reflected in...
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Bitcoin Sees Top 3 Week As Argentina Cuts Dollar Allowance By 98%

Bitcoin could see fresh gains in Argentina after the country became the latest to increase capital controls on foreign currency. Argentine Government Squeezes Forex Access As local news outlet Clarín reported on October 27 citing the Central Bank of Argentina (BCRA), the monthly US dollar purchase allowance for savers will dive to just $200.  The...
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Indian Crypto Trading Volumes Accelerate on Positive Sentiments

Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto Owners and Traders Should Avoid Strong Trading Volume Growth Banking services may be restricted...
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What Is the Easiest Way to Buy Bitcoins Instantly in 2019

In today’s article, we will be featuring some of the fastest ways you can buy Bitcoin in 2019. As Bitcoin has increased in popularity, it has the opportunity of buying the world’s top crypto. While it may be difficult for some traders to buy Bitcoin because of geographic restrictions and complicated procedures, there are several...
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Crypto Market Looks Primed for Bearish Q4 as Trading Slumps

The state of the crypto market is positively dire right now, as trading across various retail and institutional platforms show marked declines. Despite hopes of halloween rallies and historical bull markets, everything seems to be pointing towards a bearish Q4. P2P Bitcoin Transactions Register a Drop Bitcoin’s price is currently consolidating after a whirlwind of...
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LocalBitcoins Exchange Review | Fees, Security, Pros and Cons in 2019

LocalBitcoins is a well-known peer-to-peer marketplace for Bitcoin trading. Today we will review the features which the exchange offers and if it’s suitable for your trading needs. LocalBitcoins Review: Exchange Overview LocalBitcoins was established in 2012 by Jeremiah Kangas, in Helsinki, Finland, with the current CEO being Nikolaus Kangas. The platform has quickly gained popularity,...
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Non-Seizability of Bitcoin Very Attractive for Hong Kong: Pompliano

Bitcoin’s profile for wealth protection gains momentum in the media as Hong Kong Free Press dumps BitPay. Bitcoin’s (BTC) use as a protector of wealth is coming to the fore in Hong Kong as trading volumes spike and businesses iron out problems with acceptance. Trading record underscores Bitcoin’s “non-seizability” As multiple commentators including Morgan Creek...
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Bitcoin Trading in Hong Kong Spikes, Reaches Highest Levels Recorded

Following a dramatic escalation of unrest between the city of Hong Kong and mainland China, the volume of bitcoin traded in Hong Kong has reached an unprecedented height. Unrest in Hong Kong, a Rise in Bitcoin Price Protests and violence have been ongoing in Hong Kong for several months, first sparked by a proposed bill...
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Bitcoin Trading Boon in Hong Kong as Protests Continue

Bitcoin is a speculative asset to many, but it’s also a new money that offers certain unique guarantees, not least among them censorship-resistance. That reality may explain why LocalBitcoins trading volume just reached all-time highs in Hong Kong, where pro-Democracy protesters have marched by the millions since June to resist Chinese jurisdiction. The latest spike...
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New Data Suggests Bitcoin Use Growing Through Utility in Developing World

A data scientist and Bitcoin enthusiast has just published a follow up report to an earlier effort to collate global LocalBitcoins volume data. Matt Ahlborg has also shared tools that allow for much greater analysis of the international peer-to-peer Bitcoin market.By providing data in US dollar equivalents, different markets’ performances can be measured against one...
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Venezuela Has Traded $250M BTC in 2019 (And Other Bitcoin Utility Data)

We Bitcoin folk, dogmatic as we can be, still enjoy a hearty laugh our daily dose of dank memes, so we approach such a serious topic as sound money with joviality. But what if I told you that, all around the world — perhaps even in your own home or among your friends — appreciation...
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P2P Hong Kong Bitcoin Trading Hits Record Highs Amid Surveillance Crackdown

Amid the escalating chaos of the anti-government protests in Hong Kong, bitcoin‘s trading volume has hit an all-time high on peer to peer exchange, LocalBitcoins. Residents of Hong Kong are still staggering from what was an exceptionally violent week of protests. The outrage over the now- withdrawn extradition bill has boiled over into issues such...
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Hong Kong Bitcoin Trading Breaks ATH Amid China Anniversary Protests

Hong Kong exchanged more fiat currency for Bitcoin than ever before last week, in the run-up to the tumultuous 70th anniversary of the Chinese state. Hong Kong: 7 Days, 173 bitcoins Data from monitoring resource Coin Dance, which tracks volumes on P2P exchanges, confirms that 12.3 million Hong Kong dollars (HKD) changed hands the week...
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Traders Bemoan New Localbitcoins Identity Requirements

Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might...
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Localbitcoins Warns Tor Browser ‘Increases Risk Of Bitcoin Theft’

P2P Bitcoin exchange Localbitcoins faced fresh controversy this week after appearing to warn users not to use privacy-focused web browser Tor. Localbitcoins Raises Concerns About Tor Privacy As noted by transaction compliance expert Richard Bensberg on September 9, the company hung a banner on its website which claims Tor users face increased risk of theft. ...
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7 Fiat-to-Cryptocurrency Exchanges to Use in 2019

Fiat-to-crypto exchanges offer one of the easiest ways to enter the cryptocurrency market. They allow newcomers to bypass the whole hustle of having to exchange their fiat currencies into a crypto token that will be later used in the final transaction/exchange process. Things to Consider Before Choosing a Fiat-to-Crypto Exchange Of course, choosing the right...
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Capital Controls in Argentina May Drive Bitcoin Adoption

When a government decides to restrict what people can do with their own money, there is usually some backlash. Argentina is doing exactly that to prevent capital flight as the local currency crashes. The move is likely to encourage more people to use Bitcoin to circumvent the restrictions as they have done in other nations.Central...
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LocalBitcoins’ New KYC Rules Raise Privacy Concerns

Beginning September 1, 2019, legacy peer-to-peer bitcoin exchange LocalBitcoins will extend its know-your-customer/anti-money laundering (KYC/AML) requirements and, as a consequence, limit user ability to retain privacy.  According to an official blog post published on June 18, 2019, the exchange has teamed up with identity verification technology provider Onfido, and a new account tier system will...
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Another LocalBitcoins Trader Gets Jail Time for Unlicensed Money Business

United States authorities have charged and sentenced a trader on popular peer-to-peer exchange LocalBitcoins for running an unlicensed money transmission business. According to a press release published by the U.S. Attorney’s office for the Southern District of California, Morgan Rockoons, a resident of Las Vegas, has been sentenced to 21 months in federal prison. Fraudulent...
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Finnish Regulator Assumes Oversight of Local Crypto Companies

Finland’s Financial Supervisory Authority (FIN-FSA) has published an announcement which confirms that it would now be overseeing the registration and operations of the country’s crypto sector. In its announcement, the financial regulator clarified that going forward, it would be in charge of registering all cryptocurrency wallet providers, exchange platforms, and issuers that want to operate...
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