Current Bitcoin Price

Monday, September 30, 2019

Crypto Exchange Behemoths Band Together to Classify Cryptocurrencies

The opaque nature of cryptocurrency classification may soon become more transparent as crypto exchanges such as a Coinbase and Kraken have ...

from #Bitcoinmovement https://ift.tt/2neiF0I
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2n4XAWE
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2n2Q3Yl
via IFTTT

Nancy Pelosi's Democratic Primary Challenger Wants Your Bitcoin

Congressional hopeful Agatha Bacelar is the latest dark-horse politician to join in on the Bitcoin campaign trail. The San Francisco-based Democrat is ...

from Google Alert - Bitcoin https://ift.tt/2o6edB5

Binance disables trading for Tron's BitTorrent token (BTT) against Bitcoin

It seems Tron's BitTorrent token (BTT) has failed to live up to the hype. Just a few months after its launch, and following a record-setting IEO in January, ...

from Google Alert - Bitcoin https://ift.tt/2o51RZX

CFTC charges Pennsylvania man with $7 million Bitcoin fraud

Barry allegedly swayed two customers intro sending him a total of $7 million in exchange for the bitcoins, according to the CFTC. The funds, however ...

from Google Alert - Bitcoin https://ift.tt/2ngO0zL

SEC fines blockchain company Block.one $24 million over coin offering

(Reuters) - Block.one agreed to pay a $24 million civil fine to settle U.S. regulatory charges that the blockchain company conducted an unregistered ...

from Google Alert - Blockchain https://ift.tt/2mwdg4U


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2n5nEkr
via IFTTT

Voice of Blockchain – the Midwest's Largest Blockchain and Digital Asset Event

No pitches, two days, three tracks. The largest blockchain and digital asset event in the Midwest is now underway. The second annual Voice of ...

from Google Alert - Blockchain https://ift.tt/2nex3WN


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mwe0ac
via IFTTT

Troy Bitcoin

With regard to recent valuations 3 months ago, the BitCoin equaled 373. – Inflationary. Troy559's feedback and bitcoin buy sell offers. How much Gold ...

from Google Alert - Bitcoin https://ift.tt/2mr04hD


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2oHpng0
via IFTTT

Is a Bitcoin ETF Off the Table for 2019?

In a presentation to the SEC recently, Bitwise made a last-ditch effort to gain approval of its Bitcoin exchange-traded fund (ETF). But with the ...

from Google Alert - Bitcoin https://ift.tt/2mpFHRN


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2n5QPUu
via IFTTT

Bitcoin Accepted Icon

Free flat Bitcoin Accepted icon of Cute Color; available for download in PNG, SVG and as a font.

from Google Alert - Bitcoin https://ift.tt/2mq88ix


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2ngLNEt
via IFTTT

'Venezuela's central bank considers the possibility of accepting cryptocurrencies

According to a recent Bloomberg report, the Venezuelan government is considering whether or not it can hold cryptocurrencies in its national reserves.

from #Bitcoinmovement https://ift.tt/2mpEtGb
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2ndXZWw
via IFTTT

Venezuela's Maduro says the country will activate crypto payment methods 'soon'

Today in a televised press conference President Nicolas Maduro confirmed the government is using cryptocurrencies as a “method for free national ...

from #Bitcoinmovement https://ift.tt/2nVTIqR
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2o3lq4U
via IFTTT

Crypto Exchange Behemoths Band Together to Classify Cryptocurrencies

The opaque nature of cryptocurrency classification may soon become more transparent as crypto exchanges such as a Coinbase and Kraken have ...

from #Bitcoinmovement https://ift.tt/2neiF0I
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2n4XAWE
via IFTTT

SEC fines blockchain company Block.one $24 million over coin offering

(Reuters) - Block.one agreed to pay a $24 million civil fine to settle U.S. regulatory charges that the blockchain company conducted an unregistered ...

from Google Alert - Blockchain https://ift.tt/2mwdg4U

Voice of Blockchain – the Midwest's Largest Blockchain and Digital Asset Event

No pitches, two days, three tracks. The largest blockchain and digital asset event in the Midwest is now underway. The second annual Voice of ...

from Google Alert - Blockchain https://ift.tt/2nex3WN

Troy Bitcoin

With regard to recent valuations 3 months ago, the BitCoin equaled 373. – Inflationary. Troy559's feedback and bitcoin buy sell offers. How much Gold ...

from Google Alert - Bitcoin https://ift.tt/2mr04hD

Is a Bitcoin ETF Off the Table for 2019?

In a presentation to the SEC recently, Bitwise made a last-ditch effort to gain approval of its Bitcoin exchange-traded fund (ETF). But with the ...

from Google Alert - Bitcoin https://ift.tt/2mpFHRN

Bitcoin Accepted Icon

Free flat Bitcoin Accepted icon of Cute Color; available for download in PNG, SVG and as a font.

from Google Alert - Bitcoin https://ift.tt/2mq88ix

'Venezuela's central bank considers the possibility of accepting cryptocurrencies

According to a recent Bloomberg report, the Venezuelan government is considering whether or not it can hold cryptocurrencies in its national reserves.

from #Bitcoinmovement https://ift.tt/2mpEtGb
via IFTTT

Venezuela's Maduro says the country will activate crypto payment methods 'soon'

Today in a televised press conference President Nicolas Maduro confirmed the government is using cryptocurrencies as a “method for free national ...

from #Bitcoinmovement https://ift.tt/2nVTIqR
via IFTTT

Crypto Exchange Behemoths Band Together to Classify Cryptocurrencies

The opaque nature of cryptocurrency classification may soon become more transparent as crypto exchanges such as a Coinbase and Kraken have ...

from #Bitcoinmovement https://ift.tt/2neiF0I
via IFTTT

Sunday, September 29, 2019

SK Securities enters partnership with property blockchain firm, Kasa Korea

A branch of telecom giant, SK Company, SK Securities, has entered a strategic partnership with a local blockchain firm under a digital real estate ...

from Google Alert - Blockchain https://ift.tt/2m7IL4U

Deutsche Bank Joins Huge Blockchain Network Being Led by JP Morgan / Fresh Today / CUToday ...

FRANKFURT, Germany—Deutsche Bank has joined a blockchain network of more than 300 banks led by JP Morgan. Deutsche Bank is now the latest ...

from Google Alert - Blockchain https://ift.tt/2mTpfcI

Can New Businesses Be Benefitted with Cryptocurrency?

Cryptocurrency has proliferated global business rapidly as more companies embrace it as the primary method of transacting. Companies like Tesla ...

from #Bitcoinmovement https://ift.tt/2nNz7EV
via IFTTT

Analysis Finds Litecoin, XRP, Stellar Lumens Are the Most Profitable Altcoins

Altcoins are a dime a dozen in the cryptocurrency market. There exist thousands of different digital assets, all of which promise to offer society with a ...

from #Bitcoinmovement https://ift.tt/2nNf5dH
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nNtUNn
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2omTrgM
via IFTTT

Markets Looking Grim, Bitcoin Lingers Above $8000 Mark

Sunday, Sept. 27 — All of the top-20 cryptocurrencies by market cap continue to struggle following the sudden nosedive on Tuesday, Sept. 24.

from #Bitcoinmovement https://ift.tt/2mUKMBY
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nOpben
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mTnFYk
via IFTTT

Three innovative blockchain projects in Argentina

The appetite for cryptocurrencies and blockchain could be partly due to the country's troublesome economic situation. Argentina's financial system is ...

from #Bitcoinmovement https://ift.tt/2mVIfax
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2m8PGea
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mdUUWa
via IFTTT

Upload file earn bitcoin

How much can I earn? Does Honey Miner mine Bitcoin or another currency? Does it cost me anything? (No) What is the Honey Miner App? Upload file ...

from Google Alert - Bitcoin https://ift.tt/2mdRpiu

Bitcoin Watch – Bitcoin dives more than 20% in less than 48 hours

Bitcoin has suffered through a horrendous week, diving more than 20% in 48 hours. The world's largest cryptocurrency started the week off at around ...

from Google Alert - Bitcoin https://ift.tt/2nNv1g1

You know why it is so gosh dang hard to trade Bitcoin?

Bitcoin is difficult to trade because the gains come in bunches What do I mean by that? Well, bitcoin makes all… by jrcornel.

from Google Alert - Bitcoin https://ift.tt/2m8RzHM

Trade Bitcoin Futures

Crypto Markets See Major Correction, BTC Below $7,350 as US · Read More · Digital Currency Trading: Everything About Bitcoin Futures · Read More ...

from Google Alert - Bitcoin https://ift.tt/2mV1KjE

Bitcoin

In 2011 my father sent me 100 bitcoins for my birthday. Recently I heard that bitcoin's worth a lot of money right now, but how much guys? Will I be able ...

from Google Alert - Bitcoin https://ift.tt/2ojSDcu

24ct Gold & Diamond iPhone 11 Pro BITCOIN Edition

Description. This very unique iPhone 11 Pro has an elegantly deep etched outer frame embellished in 24ct gold. Also the whole rear section is ...

from Google Alert - Bitcoin https://ift.tt/2orBrSz

Bitcoin / Block / 597151

Bitcoin (BTC) block 597151, hash: 0000000000000000000aba663b6b1711947336404190b01070f788c83cb5f4cd, date: 2019-09-29.

from Google Alert - Bitcoin https://ift.tt/2mVXIHB

The 5 Most Important Blockchain Programming Languages You Must Learn Before 2020

Takeaway: Since this blockchain's full potential has yet to be discovered, it's time to move ahead of schedule and start learning how to work with ...

from Google Alert - Blockchain https://ift.tt/2nFqA7g


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mXmQOa
via IFTTT

Despite Bitcoin Cash 'Adoption' in Japan, Google Searches at All-Time Low

In yet another initiative, 100 Japanese manufacturers pledged to adopt blockchain technology in June. The fact is that Japan is already a largely ...

from Google Alert - Blockchain https://ift.tt/2opxxcN


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mKmMS9
via IFTTT

Analysis Finds Litecoin, XRP, Stellar Lumens Are the Most Profitable Altcoins

Altcoins are a dime a dozen in the cryptocurrency market. There exist thousands of different digital assets, all of which promise to offer society with a ...

from #Bitcoinmovement https://ift.tt/2nNf5dH
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nNtUNn
via IFTTT

Markets Looking Grim, Bitcoin Lingers Above $8000 Mark

Sunday, Sept. 27 — All of the top-20 cryptocurrencies by market cap continue to struggle following the sudden nosedive on Tuesday, Sept. 24.

from #Bitcoinmovement https://ift.tt/2mUKMBY
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nOpben
via IFTTT

Three innovative blockchain projects in Argentina

The appetite for cryptocurrencies and blockchain could be partly due to the country's troublesome economic situation. Argentina's financial system is ...

from #Bitcoinmovement https://ift.tt/2mVIfax
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2m8PGea
via IFTTT

The 5 Most Important Blockchain Programming Languages You Must Learn Before 2020

Takeaway: Since this blockchain's full potential has yet to be discovered, it's time to move ahead of schedule and start learning how to work with ...

from Google Alert - Blockchain https://ift.tt/2nFqA7g

Despite Bitcoin Cash 'Adoption' in Japan, Google Searches at All-Time Low

In yet another initiative, 100 Japanese manufacturers pledged to adopt blockchain technology in June. The fact is that Japan is already a largely ...

from Google Alert - Blockchain https://ift.tt/2opxxcN

Analysis Finds Litecoin, XRP, Stellar Lumens Are the Most Profitable Altcoins

Altcoins are a dime a dozen in the cryptocurrency market. There exist thousands of different digital assets, all of which promise to offer society with a ...

from #Bitcoinmovement https://ift.tt/2nNf5dH
via IFTTT

Markets Looking Grim, Bitcoin Lingers Above $8000 Mark

Sunday, Sept. 27 — All of the top-20 cryptocurrencies by market cap continue to struggle following the sudden nosedive on Tuesday, Sept. 24.

from #Bitcoinmovement https://ift.tt/2mUKMBY
via IFTTT

Three innovative blockchain projects in Argentina

The appetite for cryptocurrencies and blockchain could be partly due to the country's troublesome economic situation. Argentina's financial system is ...

from #Bitcoinmovement https://ift.tt/2mVIfax
via IFTTT

Saturday, September 28, 2019

Nervos thinks it's found a solution to Ethereum's “State Bloat”

“The Ethereum blockchain is almost full,” said Vitalik Buterin in an interview with Canadian newspaper The Star earlier last month. And it's true: Ether's ...

from Google Alert - Blockchain https://ift.tt/2nxUHxc


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nCLweN
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2m29UGw
via IFTTT

Cryptocurrencies

Free vector icon. Download thousands of free icons of business in SVG, PSD, PNG, EPS format or as ICON FONT.

from #Bitcoinmovement https://ift.tt/2nCop40
via IFTTT

Cryptocurrency market down instigates Crypto winter fear

The cryptocurrency market is currently suffering the after-shocks of the lowest market has stooped in the last six months. This decline was suffered last ...

from #Bitcoinmovement https://ift.tt/2nC5pCI
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2oacefa
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mItpUS
via IFTTT

Bitcoin Seized from Criminal Sells for Above-Market Prices

An auction in the UK featuring Bitcoin and other cryptocurrencies seized from a criminal earned police sales of above-market prices.

from #Bitcoinmovement https://ift.tt/2myfAsb
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nv4F2z
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2ocHM45
via IFTTT

JPMorgan Says ICE Debut, Position Shakeout Likely Tanked Bitcoin

The cryptocurrency's plunge, its biggest in a week since last November, took it from around $10,000 to a close Friday of $8,061. Though the strategists ...

from #Bitcoinmovement https://ift.tt/2mHf0Iw
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mJ5c0x
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nB3LBm
via IFTTT

JPMorgan Says ICE Debut, Position Shakeout Likely Tanked Bitcoin

Bitcoin's 20% drop earlier this week was likely fueled by the effect of Intercontinental Exchange Inc.'s new futures contracts and an unwinding of long ...

from Google Alert - Bitcoin https://ift.tt/2mJ0XlB


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mxoYwd
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nyg7dB
via IFTTT

Can Blockchain Save the Fashion Industry?

The fashion industry, like many other retail sectors, is currently looking at the countless possibilities provided by blockchain technology to find ...

from Google Alert - Blockchain https://ift.tt/2oacVVO

Free bitcoin script

FreeBitcoin Script, Cebu City. Bit-connect is making hand over fist in revenue from the exchange and the rise of their own token alone. Free Bitcoin ...

from Google Alert - Bitcoin https://ift.tt/2mKQR3R


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mv6ZGF
via IFTTT

Miner server speed apkpure

The software interface of Bitcoin Miner is convenient for use and best for fast share submission. 5 Servers 1. The service offers many packages, with a ...

from Google Alert - Bitcoin https://ift.tt/2mJ6DMr


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mH1Rzb
via IFTTT

Bitcoin / Block / 596984

Bitcoin (BTC) block 596984, hash: 00000000000000000006db3d76b10914cc3d9da82cf4203de77e165a92279469, date: 2019-09-28.

from Google Alert - Bitcoin https://ift.tt/2lUlYcG


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2m1W6Mc
via IFTTT

Nervos thinks it's found a solution to Ethereum's “State Bloat”

“The Ethereum blockchain is almost full,” said Vitalik Buterin in an interview with Canadian newspaper The Star earlier last month. And it's true: Ether's ...

from Google Alert - Blockchain https://ift.tt/2nxUHxc


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nCLweN
via IFTTT

Cryptocurrency market down instigates Crypto winter fear

The cryptocurrency market is currently suffering the after-shocks of the lowest market has stooped in the last six months. This decline was suffered last ...

from #Bitcoinmovement https://ift.tt/2nC5pCI
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2oacefa
via IFTTT

Bitcoin Seized from Criminal Sells for Above-Market Prices

An auction in the UK featuring Bitcoin and other cryptocurrencies seized from a criminal earned police sales of above-market prices.

from #Bitcoinmovement https://ift.tt/2myfAsb
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nv4F2z
via IFTTT

JPMorgan Says ICE Debut, Position Shakeout Likely Tanked Bitcoin

The cryptocurrency's plunge, its biggest in a week since last November, took it from around $10,000 to a close Friday of $8,061. Though the strategists ...

from #Bitcoinmovement https://ift.tt/2mHf0Iw
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mJ5c0x
via IFTTT

JPMorgan Says ICE Debut, Position Shakeout Likely Tanked Bitcoin

Bitcoin's 20% drop earlier this week was likely fueled by the effect of Intercontinental Exchange Inc.'s new futures contracts and an unwinding of long ...

from Google Alert - Bitcoin https://ift.tt/2mJ0XlB


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mxoYwd
via IFTTT

Free bitcoin script

FreeBitcoin Script, Cebu City. Bit-connect is making hand over fist in revenue from the exchange and the rise of their own token alone. Free Bitcoin ...

from Google Alert - Bitcoin https://ift.tt/2mKQR3R

Miner server speed apkpure

The software interface of Bitcoin Miner is convenient for use and best for fast share submission. 5 Servers 1. The service offers many packages, with a ...

from Google Alert - Bitcoin https://ift.tt/2mJ6DMr

Bitcoin / Block / 596984

Bitcoin (BTC) block 596984, hash: 00000000000000000006db3d76b10914cc3d9da82cf4203de77e165a92279469, date: 2019-09-28.

from Google Alert - Bitcoin https://ift.tt/2lUlYcG

Nervos thinks it's found a solution to Ethereum's “State Bloat”

“The Ethereum blockchain is almost full,” said Vitalik Buterin in an interview with Canadian newspaper The Star earlier last month. And it's true: Ether's ...

from Google Alert - Blockchain https://ift.tt/2nxUHxc

Cryptocurrency market down instigates Crypto winter fear

The cryptocurrency market is currently suffering the after-shocks of the lowest market has stooped in the last six months. This decline was suffered last ...

from #Bitcoinmovement https://ift.tt/2nC5pCI
via IFTTT

Bitcoin Seized from Criminal Sells for Above-Market Prices

An auction in the UK featuring Bitcoin and other cryptocurrencies seized from a criminal earned police sales of above-market prices.

from #Bitcoinmovement https://ift.tt/2myfAsb
via IFTTT

JPMorgan Says ICE Debut, Position Shakeout Likely Tanked Bitcoin

The cryptocurrency's plunge, its biggest in a week since last November, took it from around $10,000 to a close Friday of $8,061. Though the strategists ...

from #Bitcoinmovement https://ift.tt/2mHf0Iw
via IFTTT

JPMorgan Says ICE Debut, Position Shakeout Likely Tanked Bitcoin

Bitcoin's 20% drop earlier this week was likely fueled by the effect of Intercontinental Exchange Inc.'s new futures contracts and an unwinding of long ...

from Google Alert - Bitcoin https://ift.tt/2mJ0XlB

Friday, September 27, 2019

Binance Launches Staking Platform with Support for 8 Cryptocurrencies

Binance, the world's leading cryptocurrency exchange, announced the launch of its staking platform allowing its users to earn their staking rewards ...

from #Bitcoinmovement https://ift.tt/2niiFfQ
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mtGYXZ
via IFTTT

Comerica Bank Statement on VRB Cryptocurrency

DALLAS, Sept. 27, 2019 /PRNewswire/ -- Comerica Bank is responding to an ongoing brand infringement incident being perpetrated by a group ...

from #Bitcoinmovement https://ift.tt/2mr9QAh
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mi353T
via IFTTT

Till it's lightning-fast — Uncover Bitcoin Transactions

A detailed explanation of Bitcoin UTXO and Bitcoin Script, served as the prerequisite knowledge for the lightning network.

from Google Alert - Bitcoin https://ift.tt/2mrekH5


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nouyRe
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mtGW2j
via IFTTT

Bitcoin / Block / 596771

Bitcoin (BTC) block 596771, hash: 0000000000000000000055e86abbd57ebd047a101aa96b2976a2233227b68a6d, date: 2019-09-27.

from Google Alert - Bitcoin https://ift.tt/2npgebb


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nRabwm
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nj2MWs
via IFTTT

Bitcoin startup RSK acquires major Latin-American Facebook competitor Taringa

IOVLabs, the startup behind the Bitcoin-powered smart contracts platform RSK, today announced the acquisition of Taringa, one of the largest social ...

from Google Alert - Bitcoin https://ift.tt/2mfImh3

Traders Bemoan New Localbitcoins Identity Requirements

Traders Complain About Localbitcoins Latest Identity Requirements

Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might be coming this October.

Also read: Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash

Localbitcoins Trade Volumes Correlate With the Corruption Perception Index But KYC/AML Isn’t Helping

The Helsinki-based OTC bitcoin trading platform Localbitcoins.com (LBC) has been providing peer-to-peer exchange since 2012. Since then, the platform has grown very large and the exchange saw roughly $54.8 million in global trade volume for the week of September 21. Six days ago, a researcher explained on Twitter that the regions with the highest LBC volumes stem from corrupt governments. The data explains that the Corruption Perception Index (CPI) tied to governments with an unfavorable rating shows significantly larger LBC trade volumes than countries with less corruption.

The Twitter user’s data shows the correlation with countries like Venezuela, Nigeria, Russia, Colombia, and Ukraine. The researcher also noted that Bisq exchange and Paxful saw an influx of trade volume when LBC removed cash trades and introduced new KYC/AML requirements. Privacy advocates have also complained about how people have connected to LBC using the Tor browser and witnessed a banner that says: “Warning to all Tor users: A Tor browser exposes you to the risk of having your bitcoins stolen.”

The removal of cash and in-person trades has caused a lot of migration to other peer-to-peer trading platforms. The added KYC/AML requirements have made it worse for users who trade a lot and even for individuals who only trade small sums. On September 27, a Pakastani explained on the Reddit forum r/btc that Localbitcoins was getting worse for him. “The user experience is getting degraded day by day on Localbitcoins,” the individual claimed. “To place any buy or sell ads, you need to put BTC into the site’s custodial wallet which is very inconvenient given BTC is as slow as a turtle to confirm.” The trader from Pakistan continued:

[Localbitcoins] ad price calculation formula is so complicated and the platform is feeling creepier than ever, even though I am KYC verified, they are randomly frisking users again now — I have been warned to submit more KYC data before the 1st of October.

Concerns About More KYC/AML Requirements and Alternative OTC Avenues

The trader said he was stuck using LBC because the liquidity is high for a country like Pakistan. Just recently LBC partnered with the identity verification service Onfido and the company introduced a new tier system for traders. Each LBC tier shows the trader how much they can trade annually and how much verification is needed for each stage. The lowest tier is only $1,000 a year, which mandates the user must submit their phone number, surname, and email address. The mid-range of $20,000 per year requires ID verification, proof of residency, and more.

LBC traders who swap vast amounts of BTC have also been arrested for transgressing against money transmission laws. LBC is required to comply with regulatory standards because of Finland’s Act on Virtual Currency Service Providers. When all the new rules were established, many crypto advocates argued that LBC is not decentralized, and some have even questioned the term “local” in its brand name. You may be able to find local traders in your area on LBC, but cash and in-person trades are now prohibited.

Traders Bemoan New Localbitcoins Identity Requirements
Localbitcoins blog posts that describe the new KYC/AML requirements and tier verifications.

Another avenue besides Paxful and Bisq, for traders who want to swap coins in a peer-to-peer manner, is the BCH marketplace local.Bitcoin.com. Since LBC’s KYC/AML announcement two months ago and the removal of in-person cash trades, many traders have migrated to Bitcoin.com’s OTC platform. This week the marketplace has surpassed 60,000 users worldwide and has shown continuous growth since the launch in June. Local.Bitcoin.com is a private, noncustodial trading platform that allows peers to trade bitcoin cash (BCH) in a safe environment. Moreover, in-person cash trades are allowed and you can trade literally anything with other users on local.Bitcoin.com.

Traders Bemoan New Localbitcoins Identity Requirements
Local.Bitcoin.com

The Finland-based Localbitcoins’ trade volumes do indicate that citizens from countries with corrupt governments are searching to purchase crypto to escape the wrath of inflation and manipulation. Countries like Argentina, Venezuela, and Colombia have touched all-time high volumes but trades have lessened throughout August. The latest round of KYC/AML requirements doesn’t bode well for residents in these regions and privacy concerns may force them to migrate elsewhere. Especially when Tor users are being warned and if even more KYC/AML mandates are revealed in October.

What do you think about Localbitcoins making it hard for people to trade due to KYC/AML requirements? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Localbitcoins.com, Twitter, Local.Bitcoin.com, and Pixabay.


Did you know Bitcoin.com offers a peer-to-peer trading platform that allows for private, noncustodial over-the-counter trading? Check out Local.Bitcoin.com today. Alternatively, you can head over to our Purchase Bitcoin page where you can easily buy BTC and BCH with a credit card. Or register for our online trading platform Exchange.Bitcoin.com. At Bitcoin.com we want everyone to get access to cryptocurrencies.

The post Traders Bemoan New Localbitcoins Identity Requirements appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2nYkbnM
via IFTTT

Bitcoin Price Collapse Continue For Many Months

The recent price collapse in Bitcoin may be the start of a much bigger price trend in the Cryptos. The support level near $9000 has been breached and ...

from Google Alert - Bitcoin https://ift.tt/2lKeJnD


from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2nouwJ6
via IFTTT

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/2mtk2In
via IFTTT

Featured Post

BITCOIN (BTC) blockch✂️ain FORKS

🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧 Bitcoin Cash:  Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether:  Cross for...