#localbitcoins News

LocalEthereum Renames to LocalCryptos; Introduces Bitcoin and other Digital Currency Support

November 19, 2019 by Aisshwarya Tiwari at Bitcoin

Ether (ETH) P2P exchange platform LocalEthereum has officially renamed itself to LocalCryptos and introduced support for a slew of different cryptocurrencies including Bitcoin (BTC), and several other ERC-20 tokens. LocalEthereum Looks to go Global LocalEthereum, a prominent exchange in the cryptocurrency space that allows traders to buy, sell, and trade...

Bisq Cat standing proudly atop a mountain of bitcoins

Bisq Trading Volume hits ATH after LocalBitcoins Bans Cash Trades

June 28, 2019 by Edoardo Vecchio at Bitcoin, News

Bitcoin peer-to-peer (P2P) exchange Bisq witnessed a new record in weekly volume hitting $6.1 million last week. The demand for local cash transactions is still high and, with world popular platform LocalBitcoins banning cash transactions, new players are likely to conquer the market share of local P2P trades. Volume on...

Bitcoin Price Chart india moving up and along bullish

India’s Anti-Crypto Stance is Boosting its Bitcoin Trading Value

June 23, 2019 by Edoardo Vecchio at Bitcoin, News

India is continuing its battle against cryptocurrencies. Nevertheless, after a supposed draft bill to ban cryptocurrency in India and up to ten years in jail for mining, holding, or using crypto, the government is not seeing the expected results. In fact, bitcoin is trading at a $500 premium on the...

LocalEthereum Bag full of Ether being traded for cash

LocalBitcoins Bans Cash Payment; LocalEthereum Reduces Cash Fee to Zero in Response

June 3, 2019 by Ashwath Balakrishnan at Exchange, News

LocalBitcoins is the largest globally run OTC service for buying Bitcoin online through an escrow mechanism and recently, the operator has decided to ban cash payments amid regulatory worries regarding cryptocurrency transmission. In an attempt to capitalize on this, LocalEthereum reduced cash fees to zero, June 1, 2019. Is LocalBitcoins...

Crypto Markets Decline Stopped by SEC Decision That Decentralized Cryptocurrencies Are Not Securities: Week in Review Jun. 18

June 19, 2018 by Alex Lielacher at Altcoins, Bitcoin, Crime, Ethereum, Finance, News, News Digest, Regulation, Tech

It has been a sobering week for crypto investors as the price of bitcoin continued last week’s decline to drop another ten percent versus last week’s close after a new study suggested that Tether (USDT) trading manipulated the bitcoin rally of late-2017. Fortunately, for bitcoin and - especially ether -...

Bitcoin Trading Platform LocalBitcoins is Now Complying with AML/KYC

Localbitcoins Introduces Strict KYC Mandates Amongst Host of Guidelines to Comply with EU Regulations

May 14, 2018 by Shaurya Malwa at Bitcoin, Business, Finance, News

The Wild West Days of cryptocurrencies may soon be a feature of the past, as crypto-trading and exchange platforms are increasingly introducing identity verification features for their businesses, presumably in a big to escape the clutches of legal authorities. After a Reddit post in April 2018, which notified high-volume...

Bitcoin Trading Platform LocalBitcoins is Now Complying with AML/KYC

April 20, 2018 by Cindy Huynh at Bitcoin, News

LocalBitcoins, a popular peer-to-peer bitcoin trading platform, is now complying with AML (Anti-money Laundering) and KYC (Know Your Customer) procedures, according to a post from April 17. The new AML and KYC developments were brought to the public’s attention when a new thread emerged on Reddit. The original Reddit post...

Singaporean Resident to be Caned and Jailed in Connection with Bitcoin-related Robbery

April 16, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, News

A Singaporean citizen who orchestrated a robbery during a bitcoin sale is to be jailed, according to reports from local police on April 12, amidst a wave of crypto-related thefts occurring outside of the cybersphere. In recent times cryptocurrency-related crimes have been on a steady increase in tandem with the...

LocalBitcoins Seller Pleads Guilty to Running an Unlicensed Currency Exchange

May 24, 2017 by Alex Lielacher at Bitcoin, Finance, News, Regulation

On May 2, Missouri-based tech entrepreneur Jason R. Klein pleaded guilty in federal court to charges of running an illegal money transmitting business by converting bitcoin into cash without a license using the popular peer-to-peer marketplace LocalBitcoins. For his actions, Klein could face up to five years in federal prison....