LocalBitcoins

Exchanges

The Craigslist of Crypto Is Making Millions Where Bitcoin Is Needed Most

LocalBitcoins, a low-fi exchange launched in 2011, is gaining traction in overlooked markets where people have less access to VC-backed alternatives.

Business  ·  19 April 2018
Bitcoin

Bitcoin Thief Could Be Caned for $300K Robbery in Singapore

Two bitcoin brokers in Singapore were assaulted and robbed by nearly $300,000 in cash while meeting with a prospect bitcoin seller offline.

Policy & regulation  ·  13 April 2018
Bitcoin

Michigan Man Charged for Unlawful Bitcoin Exchange

A Michigan man has been charged with running an unlicensed money transmitting business after selling more than $150,000 in bitcoin.

Policy & regulation  ·  27 October 2017
Monero

Monero Is Getting Its Own Version of LocalBitcoins

A group of enthusiasts have launched a new website dedicated to connecting buyers and sellers of the privacy-focused cryptocurrency monero.

Tech  ·  30 August 2017
Legal

Libertarian Party Blasts Government Case Against Bitcoin Trader

A notable political party in the US is speaking out against the sentencing of a bitcoin trader.

Policy & regulation  ·  8 June 2017
Regulation

9 Years: LocalBitcoins Trader Sentenced in Latest Money Transmission Case

A bitcoin trader on LocalBitcoins has been sentenced to prison terms after being convicted of running an unlicensed money transmission business.

Policy & regulation  ·  30 May 2017
Regulation

LocalBitcoins Trader Pleads Guilty to Money Transmitter Charge

A Michigan LocalBitcoins trader plead guilty last week to operating an unlicensed money services business.

Policy & regulation  ·  25 May 2017
Crime

LocalBitcoins User Pleads Guilty After Undercover Sting

A Local Bitcoins seller based in Missouri has plead guilty to running an unlicensed money transmission business.

Policy & regulation  ·  3 May 2017
Crime

Fake LocalBitcoins Android App is Phishing For Bitcoins

A fake LocalBitcoins app is being distributed on the Google Play store in a bid to steal user bitcoins.

Policy & regulation  ·  5 November 2015
Crime

Judge Orders LocalBitcoins User to Teach Police on Digital Currency

A judge has sentenced Florida LocalBitcoins user Pascal Reid to serves 90 days in jail in a ruling that closes a notable legal case from 2014.

Policy & regulation  ·  16 September 2015
Exchanges

LocalBitcoins Back Online Following ‘Hardware Failure’

Global bitcoin marketplace LocalBitcoins is operating again following over six hours of downtime it attributed to a “hardware failure”. The company announced the outage at 20:22 UTC yesterday. By 03:02 it said the service was “back up and running”, though it appears some site functionality – including user logins – is still problematic. LocalBitcoins community manager ‘Max’ told Reddit the problem […]

Business  ·  2 September 2015
Exchanges

Charges Against Colorado Bitcoin Trader Dismissed

An indictment against a Colorado bitcoin trader, Burt Wagner, has been dismissed "without prejudice" by a district court judge.

Policy & regulation  ·  16 July 2015
Markets

Is Greece Really Behind Bitcoin’s Latest Price Surge?

The price of bitcoin broke out this week, spiking to a high of $257 on 17th June in what amounted to a jolt of life for the bitcoin economy.

Business  ·  18 June 2015
Exchanges

LocalBitcoins User Funds Stolen After Chat Client Hack

P2P marketplace LocalBitcoins has experienced a hack on its chat client, resulting in the distribution of malware and loss of customer funds.

Policy & regulation  ·  29 January 2015
Exchanges

LocalBitcoins ‘Exploring Options’ After Service Halt in Germany

New details have emerged from LocalBitcoins following its earlier announcement that it would halt services in Germany.

Policy & regulation  ·  10 December 2014