LocalBitcoins has partnered with blockchain intelligence firm Elliptic to gain access to new blockchain monitoring tools that can help prevent the illicit use of its services.
Localbitcoins is a P2P cryptocurrency exchange that was founded in Finland in 2012. The platform allows for safe and anonymous transactions with Bitcoin directly between only the retailer and the customer without any involvement by the exchange. It is considered that its model makes all operations faster and more convenient. The service works in 224 countries, so a wide range of fiat currencies are available. Besides that, all the operations are possible online and offline by providing a user with the required information about locations of the participating retailers in his region. Localbitcoins fees are quite low compared with other exchanges and are only 1% of any operation made by the seller. To stay secure, it is necessary to investigate all the information about the other party of the transaction. This can be found out from its reputation and number of years its been using the Localbitcoins app.
Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.7673
LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform's KYC overhaul impacting trade volume on the platform.2424
As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices.9757
LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019.5261
A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets.8941
Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and Paxful.5906
Russia tops global Bitcoin trading on P2P exchange LocalBitcoins amid local crypto regulation uncertainty.6465
Crypto adoption appears to be growing across the continent of Africa.15546
African peer-to-peer Bitcoin trade has generated more than $14.6 million in weekly volume, comprising a new record for the continent.5496
Peer-to-peer Bitcoin trade in Sub-Saharan Africa has rallied, surpassing the previous combined volume record posted at the heights of 2017’s rally.4798
While Localbitcoins trade volumes have receded globally since the platform’s KYC overhaul last year, Latin American trade has continued to surge.4311
An enormous disparity between the market value and the official peg of Lebanon’s lira has resulted in chaotic pricing on Localbitcoins.12255
LocalBitcoins data shows that the weekly trading volume in Chile’s fiat currency recently touched a new all-time high.3984
The indefinite suspension of Venezuela's national banking system is driving further adoption of cryptocurrencies.6689