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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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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LocalBitcoins’ Volume Holds Steady Despite Stricter Compliance Procedures

Banning cash transactions and requiring identity verification has not noticeably hurt bitcoin’s oldest operating peer-to-peer exchange, market data shows. Helsinki-based bitcoin exchange LocalBitcoins made significant changes to its policies in June 2019. That included mandatory identity verification and removing its cash-for-crypto trading option.  Rather than permanently stifling its business over the past year, volume on […]

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How Bitcoin Fits Into Lebanon’s Banking Crisis

Lebanon’s financial crisis has banks looking for alternative monetary policy and citizens scrambling for alternative banking services. The economic crisis has been raging for years, but political turmoil and the pandemic-induced global market downturn has raised fears of government defaults and the devaluation of the Lebanese pound. As a result, more Lebanese people are seeking […]

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Flight To Bitcoin In Argentina Due To Debt Crisis Is A Sign Of What’s To Come

Data from peer-to-peer cryptocurrency exchange LocalBitcoins shows that citizens in Argentina are dumping record amounts of their hard-earned pesos in exchange for the first-ever cryptocurrency: Bitcoin. The country’s economy is crumbling under enormous inflation and is the government is about to default on its debt. With the rest of the world downward spiraling toward similar conditions, […]

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US Homeland Security Arrests LocalBitcoins Seller on Money Laundering Charges

Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security Investigations (HSI) made a series of undercover cash-for-crypto deals with the 26-year-old. Rhule faces multiple counts of operating an unlicensed bitcoin money transmitter business and laundering monetary instruments after allegedly meeting with government agents “posing […]

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LocalBitcoins Shuts Down Accounts in Problematic Countries

LocalBitcoins, one of the oldest cryptocurrency exchanges out there, has reportedly begun to suspend accounts of long-term users without prior notifications. Some Users Cannot Access Bitcoin Funds Forbes reported on Saturday that users across at least three regions, including Asia, Africa, and the Middle East, had noted their accounts to be “deactivated.” LocalBitcoins users in […]

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