LocalBitcoins news

Localbitcoins is a site, which facilitates P2P Bitcoin sales by allowing users to list their own buy/sell advertisements.

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P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume

P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume Peer-to-peer (P2P) Bitcoin (BTC) marketplace Paxful recently hit an all-time-high in weekly traded volume. As of Dec. 2, CoinDance data reveals that for the week of Nov. 23, Paxful saw close to $30 million in P2P Bitcoin trades continuing a consistent upward trend since the […] Cet article P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume est apparu en premier sur Bitcoin Central.
Bitcoin Central

LocalBitcoins Reports 135,000 New Customers Per Month

LocalBitcoins CEO recently revealed that the company is growing at a huge rate, stating that the platform still receives over 135,000 new users per month. The advancements of the crypto industry are becoming more and more apparent as the years go by. Numerous new exchanges are emerging, the number of cryptocurrencies is larger than ever, and the industry has made significant technological breakthroughs. The interest in crypto trading, particularly P2P trading, is also growing, according to LocalBitcoins’ CEO, Sebastian Sonntag, in a recent interview. During the talk, he admitted that the company is expanding and that its user base is gaining 4,000 to 5,000 users per day. Sonntag answered a number of questions regarding LocalBitcoins itself, the altcoin market, regulations, challenges that the crypto world is facing now, and more. The interview When talking about LocalBitcoins, Sonntag stated that the company is going through a transitional period. The firm is growing rapidly, and he admitted that the firm is, Working to catch up with a sharp increase in support queries, by hiring more staff and investing in training. However, he also noted that the company’s plans for the future do not include providing wallets for the altcoins, even the ones among the top 10 largest coins. However, the platform does work on improving itself, especially due to its adoption in various regions. Sonntag stated that LocalBitcoins recently enabled ‘multiple simultaneous open trades,’ which would make trading more convenient and significantly faster. The changes were received very positively. LocalBitcoins grows and improves He particularly addressed the topic of crypto regulations. He noted that LocalBitcoins has always been taking steps to respond to legal requirements in all jurisdictions in which it operates. However, the platform does not serve US clients at the moment, although it is seeking legal advice on what it could do to change that. Apart from the US and other similar regions, LocalBitcoins is one of the platforms with the widest reach in the industry. Even so, he believes that one of the platform’s main challenges is related to user education — not only regarding crypto but cybersecurity itself. Sonntag also briefly touched upon Libra, stating that he is unsure of its impact on the crypto market and whether it will fuel adoption and expansion. Do you think that Localbitcoins is more practical than crypto exchanges? Let us know in the comment section below! Images via Shutterstock, LearnBonds The post LocalBitcoins Reports 135,000 New Customers Per Month appeared first on Bitcoinist.com.
Bitcoinist

Trade Wars: LocalEthereum is Now LocalCryptos, Will It Outpace LocalBitcoins?

In a recent development, LocalEthereum, a peer-to-peer (P2P) trading platform for Ether (ETH) has changed its name to LocalCryptos, to support more crypto assets including ERC-20 tokens. The firm aims to become a leader in the P2P fiat-to-crypto trading space. Will LocalCryptos Matchup to Arch Rival LocalBitcoins? With this new initiative, LocalCryptos aims to compete with arch rival LocalBitcoins. The former is non-custodial, end-to-end encrypted, and completely private unlike LocalBitcoins. As a matter of fact, a non-custodial platform doesn’t hold user’s private keys. Subsequently, the firm cannot hack or freeze users’ crypto assets. Taking a dig on LocalBitcoins platform, Michael Foster, CEO of LocalCryptos said, “Platforms like LocalBitcoins are centralized, custodial, and a far cry from private. These platforms are vulnerable to hacks and thefts like a centralized exchange. Hackers have stolen several billion dollars from centralized crypto platforms. At least two of those heists took from LocalBitcoins traders.” However, non-custodial platforms have their own perils. If in case a user loses their wallet and password, the platform cannot help them with the recovery. Interestingly, the platform seeks to put the users in complete control. “Crypto was born out of the desire for eliminating the role of middlemen and legacy institutions in otherwise person-to-person interactions. We developed LocalCryptos based on this idea of users remaining in control at all times—not us,” added Foster. New Users Need Not Start Again on The Platform LocalCryptos boasts of more than 100,000 registered users, 1,500 daily active users and 450 trades each day, making it one of the largest non-custodial P2P Bitcoin platform. The platform also has an impressive trading volume and has seen $3 million worth of fiat-to-crypto trades per month, from 139 countries. Most importantly, traders willing to shift on to LocalCryptos need not start over on the platform. The platform is not subjected to as many regulations as LocalBitcoins. The latter recently implemented a mandatory verification process which resulted in a 30% drop in volume on the platform. The firm will also add ERC20 tokens soon and will develop a new smart contract to handle the tokens. Also, in the distant future, the platform might even support ERC721s. Rising P2P Cryto Space Also, helping traders and crypto users is not the sole motive of the firm.The firm is also focussed on helping the underbanked and unbanked communities, with a major aim to free Venezuela from hyperinflation. P2P crypto trading platforms are gradually increasing in number. Another decentralized P2P platform, SIBEX AG, is looking to serve institutional investors. Last month, the firm raised around $1.8 million in a seed funding round to expand its offerings. Will LocalCryptos Manage to Outdo LocalBitcoins? Let us know, what you think in the comments below! The post Trade Wars: LocalEthereum is Now LocalCryptos, Will It Outpace LocalBitcoins? appeared first on Coingape.
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DIGEST

BitMEX forecasts new crisis, new indexes on Nasdaq, positive adoption news from South Korea, new rules from Localbitcoins, scam app on Google Play, new options for KuCoiners and Coinbase users, ideas as for the potential of credit markets, JP Morgan and the Moshe Hogeg case

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DIGEST

This week, Redditors not only followed the jumps of the rates, but also discussed such sign events as: Roger Ver talks about US Government, BCH founder tries to convey the importance of Bitcoin Cash, more businesses are switching to accepting cryptocurrencies, Fidelity takes a step forward… All that hot threads you can read in our Reddit-digest

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Poloniex Delists DigiByte (DGB) After the Founder Criticizes TRON

Digibyte has been thrown out of the exchange Poloniex after critical words were said of TRON’s Justin Sun. What’s Next? The news must have come as a shock for many in the crypto sphere, and many believe that it came about because of Digibyte founder Jared Tate’s incessant criticism of TRON founder Justin Sun. TRON is the 12th biggest cryptocurrency in the world, and in a Twitter thread yesterday, Tate went on to criticize the project in no uncertain terms. In the aforementioned thread, Tate called Sun a ‘crook’ and eventually went on to ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Dash (DASH) Upgrades Block Explorer to Offer Users More Features

Dash (DASH) one of the top privacy-protecting cryptos in existence has announced plans to update its current blockchain explorer which is built upon the Abe application programming interface (API). The new Dash explorer is based on the Insight API and it is scheduled to go live on January 7, 2020, according to a blog postRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Enjin (ENJ) Surges 60% Following Partnership With Microsoft

Enjin Coin surged 60% today after a successful partnership announcement with Microsoft. ENJ broke above the 1000 SAT level and looks to continue. Enjin is now ranked in the 72nd spot with a market cap of $50 million. Key Support & Resistance Levels ETJ/BTC: Support: 1200 SAT, 1000 SAT, 800 SAT Resistance: 1600 SAT, 1740 SAT, 1825 SAT Enjin Partners Up With Microsoft Microsoft and Enjin have teamed up to create Azure Heroes – a project that rewards contributors to the community for posting content, creating demos, building sample code, and blogging about Azure. Creators are nominated and receive a collectible “digital badger,” a digital badge, relating to their field in which they have contributed. These digital badgers have a very limited supply and cover categories such as Content Hero, Community Hero, Mentor, and Maker. These badger heroes have been tokenized as assets on the Ethereum blockchain, and therefore, we can be sure that they are limited edition! Each season the collaboration will see a release of a new set of badgers that also will have a finite supply! Those that are selected to become an Azure Hero will scan their QR code, and the non-fungible token (NFT), the badger, will instantly be transferred into their ownership for their usage! The announcement of this partnership has caused Enjin to surge by a momentous 60%. ENJ Shatters The 200-Days EMA Against Bitcoin Analyzing the daily chart above, Enjin surged significantly over the past two days, increasing by a total of 60%. This caused it to smash the resistance at 1000 SAT, which is bolstered by the 200-days EMA. ENJ continued higher to reach the current trading price of around 1290 SAT – creating a fresh 7-month high that has not been seen since June this year. Enjin Coin Short Term Price Prediction If the buyers continue to push the market higher, we can expect immediate resistance to be located at 1604 SAT and 1740 SAT. Above this, resistance lies at 1825 SAT (1.618 Fibonacci Extension level). Alternatively, if the sellers step back in and push the market lower, we can expect support at 1200 SAT. Beneath this, support is located at 1000 SAT (200-days EMA), 900 SAT, and 800 SAT (100-days EMA). The RSI is approaching extreme overbought conditions, which could be a sign that the market may be overextended, which is unsurprising when we consider the parabolic move. The post Enjin (ENJ) Surges 60% Following Partnership With Microsoft appeared first on CryptoPotato.
CryptoPotato

DigiByte Community Reacts to Sudden Poloniex Delisting

Poloniex announced plans to delist DigiByte from its exchange within hours of a public Twitter spat between DGB founder Jared Tate and one of the exchange’s new owners Justin Sun. Tate blasted TRON, which Sun founded, in an 8-part tweetstorm beginning with: 1/8 Im disgusted by all these #TRON trolls/bots attacking me & hyping a 100% premined & completely centralized network like its the most decentralized gift from god. Now #Poloniex has turned into a $TRX shill factory after making off w/ US customers sensitive data. Fact time: — Jared Tate (@jaredctate) December 4, 2019 Hours later, Poloniex tweeted its intention to delist DGB for failure to meet the exchange’s ‘listing standard’. The exchange’s ‘careful review’ was a quick undertaking, leaving many to wonder if Justin Sun was using Poloniex as a weapon against attacks on his person. After a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced. — Poloniex Exchange (@Poloniex) December 5, 2019 Tate left few wondering what his views of TRON and Sun were, with his tweets including reference to TRON’s use of ‘delighted proof of shenanigans’ as its consensus algorithm: 5/8 Chen said this: “Token distribution is centralized, Super Representatives are centralized, code development is centralized. Even the community is organized under centralization.” This is typical for DPoS projects, we call it "delighted proof of shenanigans" in the book. — Jared Tate (@jaredctate) December 4, 2019 Poloniex Important to DigiByte, But Not Critical DigiByte is the 55th ranked cryptocurrency by market cap. Its 6th and 42nd most important trading markets were on Poloniex, for DGB/BTC and DGB/USDT, respectively. Combined, Poloniex’s DGB trading volumes amounted to a little over $100,000 a day. ZBG Global is easily DigitByte’s most important exchange by trading volume.  Meltem Demirors, Chief Strategy Officer at CoinShares, noted that “exchanges are privately owned companies and are under no obligation to list or trade any asset.” While that may be true, as important custodians of the industry, exchanges should be held to high standards of conduct if the digital asset economy is to mature. Poloniex’s delisting of DigiByte was, by any measure, a malevolent and personal act of sabotage. Taking It In Their Stride With Tate’s tweetstorm having subsided, the team behind DigiByte has taken the decision in its stride. Crypto Briefing reached out to the DigiByte community, and Josiah Spackman responded by saying, “It’s been such a shame to see Poloniex going downhill over the last two years, and although they only accounted for 1% of DigiByte trading volume, I personally want to wish them the best in future. I sincerely hope they can turn things around and make the required structural changes to undo their own self harm. They had supported DigiByte since the early days in 2014, but we’ve seen exchanges come and go, it’s a shame it seems it’s Poloniex’ time.” It was a diplomatic response from the team, with a sprinkling of deserved spite. As DigiByte moves on from the high-profile spat, they may be better off without Poloniex. The exchange has taken a credibility hit as a result of the actions of today. Its conduct is certainly unbecoming of former owner, Circle’s Jeremy Allaire. Crypto Briefing reached out to Tate and Allaire for additional commentary, but did not receive a response at press time. The post DigiByte Community Reacts to Sudden Poloniex Delisting appeared first on Crypto Briefing.
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