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# localbitcoins News

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 -...
May 14, 2018 by 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...
April 20, 2018 by 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...
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...
May 24, 2017 by 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....
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