LocalBitcoins

In Nigeria, One Bitcoin Can Cost $68,000. Here’s Why.

Bitcoin has already passed the $68,000 mark in Nigeria, but that’s if you use the official exchange rate. Awosika Ayodeji, a Nigerian blockchain project designer, isn’t complaining. He is happy to wake up and see bitcoin prices quoted using unofficial U.S. dollar exchange rates because it means he’d be getting more naira per dollar when […]

Markets  ·  23 February 2021
Bitcoin

‘No Middle Ground’: Inside Colombia’s Race to Become A Major Regional Crypto Market

In 2020, Colombia saw a major boost in crypto use, both as a store of wealth and as a means of transaction.

Markets  ·  13 January 2021
Crypto Exchange

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.

Policy & regulation  ·  11 August 2020
CoinFlash

Paxful Chips Away at LocalBitcoins’ Russian P2P Market Dominance

Paxful’s year-old foray into Russian crypto markets is paying off for the peer-to-peer exchange.

News  ·  30 July 2020
CoinFlash

P2P Exchange LocalBitcoins Adds Crypto Surveillance Tools From Elliptic

Elliptic's tracing software bolsters the peer-to-peer exchange's anti-money laundering safeguards.

News  ·  28 July 2020
Bitcoin

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.

Markets  ·  9 June 2020
Lebanon

How Bitcoin Fits Into Lebanon’s Banking Crisis

Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent.

Business  ·  5 June 2020
Bitcoin

US Homeland Security Charges LocalBitcoins Seller With Money Laundering

Homeland Security and Drug Enforcement Administration officials charged a LocalBitcoins user with laundering more than $140,000 in bitcoin.

News  ·  11 March 2020
Exchanges

Flaws in LocalBitcoins Data Call Into Question Regional Adoption Claims

LocalBitcoins data is a starting point for research, but it isn't conclusive evidence of grassroots adoption.

Tech  ·  22 October 2019
Exchanges

LocalBitcoins Removes Cash-for-Crypto Trading Option

P2P crypto trading platform LocalBitcoins has reportedly removed an option allowing users to buy or sell cryptocurrencies in person for cash.

Markets  ·  3 June 2019
Regulation

LocalBitcoins Bans Bitcoin Buying in Iran in Blow to Rising Crypto Commerce

Another crypto buying and selling service has banned Iranian users, pushing them toward anonymous decentralized exchanges.

Policy & regulation  ·  24 May 2019
Bitcoin

What’s Holding Back Bitcoin in Venezuela? This Group Is Investigating

The Open Money Initiative is bringing insights from Venezuela to help crypto startups make better tools for people in distressed economies.

Business  ·  10 May 2019
LocalBitcoins

LocalBitcoins Reveals Security Breach With Some Crypto Wallets Affected

Peer-to-peer bitcoin trading site LocalBitcoins says it's suffered a hack via a third-party service that affected a small number of users.

Markets  ·  28 January 2019
Bitcoin

Venezuela Isn’t the Crypto Use Case You Want It to Be

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

Markets  ·  19 December 2018