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Scams are nothing new in the world of cryptocurrency. Some of these ventures prove to be very professional and elaborate, whereas others are clearly low-effort projects. It seems a new scam is making the rounds through a physical letter, which threatens to expose people’s bad behavior unless they cough up a lot of money in … Read more
Even though the cryptocurrency markets are reeling right now, overall demand for Bitcoin is not slowing down in the slightest. According to LocalBitcoins, the demand for Bitcoin is spiking in Canada. That in itself is rather interesting, as the country has been pretty silent on the cryptocurrency front these past few years. Canada Shows a … Read more
Localbitcoins trading volume has witnessed volume spikes across miscellaneous markets in recent weeks, with global volume bouncing to $75 million USD this past week. The Canadian and European markets both produced record volume this past week – after both markets produced seemingly anomalous spikes in trading activity. Also Read:Capitalization of Cryptocurrency Markets Loses 59% in … Read more
The U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office … Read more
The seven-day average for the number of daily bitcoin transactions has reached a two-year low, recently dropping below 160,000 for the first time since March 2016. The lull in transactions coincides with the weekly volume of bitcoins exchanged through peer-to-peer (P2P) trading volume on Localbitcoins recently dipping below 6,000 for the first time since February … Read more
If you are thinking about selling bitcoin for cash inside the Unites States to people you don’t know, caution is advised. A reminder to stay alert for undercover government agents who might try to entrap you has been served by a recent California case. Also Read: Cryptocurrency Regulator Found Dead at His Home in South … Read more
Bank Indonesia, Unitary State of the Republic of Indonesia’s central bank, has issued perhaps its bluntest statement yet on curbing the use of cryptocurrency, affirming a hardening stance on the popularity of what it refers to as “virtual currency” such as bitcoin. Also read: Ditch University and High Transaction Fees! Bank Indonesia Warns All Parties … Read more
According to multiple reports this week the decentralized currency bitcoin is still booming in many African countries. From South Africa to the Sub-Saharan region, citizens from all walks of life are finding bitcoin beneficial. This is making domestic cryptocurrency exchanges and peer-to-peer trading platforms’ volumes climb while digital currencies are also selling at a premium. … Read more
Reports are indicating that Iranian bitcoin adoption is continuing to grow despite the current political turmoil gripping the nation. Also Read: Bitcoin Use in Iran Welcomed by Nation’s High Council of Cyberspace Bitcoin Adoption Grows Despite Government Censorship of Online Networks Iran has witnessed widespread protests for the last week, with the media reporting that more … Read more
There are increasingly publicized challenges posed to the Australian cryptocurrency industry by the country’s ‘big four’ banks’ refusal to provide financial services to crypto companies. Many analysts are speculating that the issue will become the catalyst for the development of detailed regulations for the virtual currency era, arguing that the opaque nature of the current … Read more
