LocalBitcoins

Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes

<div class=”featured_image_container”> </div> <strong>A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes.</strong> Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ) announced last week that a …

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P2P Bitcoin Trading: Venezuela, Colombia Account for Over 23% of Total Localbitcoins Volume

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …

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Cuba’s exploding crypto interest comes amid an absence of regulation

Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms. In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase in crypto activity in the country. Founders of major local crypto exchanges Qbita …

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Russia’s crypto law is a mixed bag, according to industry execs

Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far. In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but prohibits their use for payments in Russia. As the DFA law is poised to …

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India May Be Starting Its Biggest Bitcoin Bull Run Yet

India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March. According to Coin Dance’s Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July. Siddhartha Dutta, CEO of Marlin, a tech startup in Bangalore, said the recent spike in demand …

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Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent …

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Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful

News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers Lead Writer at News.Bitcoin.com, Jamie Redman has made Redeeem.com’s list of twelve influential go-to crypto bloggers. Redeeem says the list comprises names behind some of the most informative crypto news articles. In its citation, Redeeem says Jamie Redman, who is … read more. …

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P2P Exchange LocalBitcoins Adds Crypto Surveillance Tools From Elliptic

Longtime peer-to-peer exchange LocalBitcoins, a former hub for anonymous bitcoin swaps, has added two blockchain-tracing tools from analytics company Elliptic as it continues to chip away at criminal crypto cashouts. Ian Allison contributed reporting. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by …

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Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. The …

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Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies

Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs A couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin …

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