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Localbitcoins

News

Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week

A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards. The report found that, “purchasing Bitcoin …

News

Major P2P crypto platform LocalBitcoins is blocked in Russia

LocalBitcoins, a major peer-to-peer cryptocurrency exchange, is no longer available in Russia without using additional tools like a VPN. LocalBitcoins.net is officially blacklisted in Russia as local telecom regulator Roskomnadzor …

News

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 …

News

Yellow Card CEO reminisces about losing his life savings on LocalBitcoins

In his college-aged days, Chris Maurice, the CEO of African crypto exchange Yellow Card, said he put his life savings into Bitcoin (BTC), finding it stolen shortly after.  “Bitcoin was about …

News

CEO shares an early adoption story about selling Bitcoin inside various Taco Bells

Following an earlier endeavor selling Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto exchange Yellow Card, made a small business selling the asset at multiple Taco Bell …

News

Indian crypto P2P market size triples despite regulatory uncertainty

Even as fears of another blanket ban on India’s digital asset market linger on, peer-to-peer Bitcoin trading within the Asian powerhouse is still surging, hitting all-time highs over the first …

News

Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018

Combined global peer-to-peer (P2P) Bitcoin trading volumes have surged to their highest levels since January 2018, with nearly $95 million worth of Bitcoin (BTC) changing hands on Localbitcoins and Paxful …

News

LocalBitcoins Ramps Up Compliance Efforts in New Partnership With Elliptic

LocalBitcoins has partnered with blockchain intelligence firm Elliptic — the latest move in the veteran peer-to-peer exchange’s fight against criminal activities on its platform. Speaking to Cointelegraph, chief operating officer …

News

Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions

The two Nigerians jetsetters who filled their Instagram accounts with pictures of their ostentatious wealth were extradited from Dubai to the United States. According to the FBI, they were able …

News

LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019. The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm …

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