Crypto Evangelist Ver Taunts Trump with P2P Bitcoin Cash Trading

Users of local.bitcoin.com may have found a surprise on Twitter today: a Tweet directed at Donald Trump and Treasury Secretary Steve Mnuchin from none other than the site’s owner, Roger Ver. .@realDonaldTrump @stevenmnuchin1https://t.co/iPs5rLuZ3b — Roger Ver (@rogerkver) July 16, 2019 So You Don’t Like Bitcoin? The troll-esque tweet does nothing but provides the two, officially … Read more

LocalBitcoins Quietly Removes Anonymous In-Person Crypto Cash Trading

By CCN.com: Peer-to-peer cryptocurrency exchange service LocalBitcoins has completely suspended all physical cash trading on its network. Several traders have since reported having their standing orders canceled forcing them to revert to electronic-only transfer alternatives. Enthusiasts have long considered LocalBitcoins a haven for decentralized Bitcoin trading. But now it appears the company is losing its … Read more

LocalBitcoins Under Supervision Soon in Blow to Bitcoin Trading Anonymity

By CCN.com: International peer-to-peer crypto exchange platform LocalBitcoins has revealed that it will now be put under the supervision of the Financial Authority of Finland. This is a blow for users who have continued to use the exchange for its reliable presence in the industry and the ability to make anonymous trades. AML regulation and new … Read more

Iran’s Bitcoin Volume Soars as Rial Value Enters ‘Death Spiral’

Iran’s national currency has crashed to its record low against the U.S. Dollar as the country prepares to face economic sanctions imposed by the Trump administration. The Iranian Rial, which was just beginning to gain momentum after years of depreciation, set a new low on Monday, trading on an average at 100,000 Rials on the … Read more

Local Crypto Exchanges are Circumventing India’s New Bitcoin Ban: Here’s How

According to Coindelta co-founder Shubham Yadav, cryptocurrency exchanges in India can no longer process fiat-to-crypto trades and have shifted their business model to crypto-to-crypto trading. Central Bank’s Ban on Crypto Stands In April, CCN.com reported that the Reserve Bank of India, the country’s central bank, first imposed its ban on cryptocurrency trading, effectively disallowing local … Read more

LA Trader ‘Bitcoin Maven’ Faces Jail Time for LocalBitcoins Activity

A Los Angeles trader on LocalBitcoins who goes by the name “Bitcoin Maven” is facing up to 30 months in prison for running an illegal money transmitting business. NBC Los Angeles claims fifty-year-old Theresa Tetley made at least $300,000 a year trading on the platform, with a transaction volume of $6 million to $9.5 Million between … Read more

Venezuela’s Bolivar Sees 454% Inflation in Q1 as Maduro Hawks the Petro

Runaway inflation continues to devalue the Venezuelan Bolivar (VEB), even as the country’s authoritarian government seeks to divert attention from the floundering economy by hawking its “Petro” cryptocurrency. According to Reuters, prices in Venezuela rose by 454 percent during the first quarter of 2018 and have swelled by 8,900 percent over the past 12 months. … Read more

Las Vegas LocalBitcoins Trader Accused of Money Laundering

CEO of Bitcoin, Inc., Morgan Rockcoons was arrested by officials from U.S. Immigration and Customs Enforcement (ICE) at his home in Las Vegas, Nevada. He was charged with operating an unlicensed money transmitting business and money laundering according to the court records. According to those records, in December 2017 Rockoons allegedly exchanged 10 Bitcoins (Worth … Read more

LocalBitcoins Traders Charged with Fraud for Selling Bitcoin to Thief in Kenya

Three Kenyan peer-to-peer bitcoin brokers have been charged with banking fraud in connection with trades they made through the LocalBitcoins trading platform. The case could set a troubling precedent for bitcoin traders in Kenya. As reported by regional media outlet Kenyan Wall Street, 10.2 million KEH (approximately $100,000) was stolen from I&M Bank and a … Read more

LocalBitcoins Trader Charged for Running Unlicensed Bitcoin Exchange

n indictment published by Detroit TV news service WD-IV reveals that a 52-year-old Michigan man, Bradley Anthony Stetkiw, was recently charged with running an unlicensed money transmitting business after selling nearly $150,000 worth of bitcoin between 2013 and 2015, out of which over $56,000 were to law enforcement agents. The indictment reveals that Stetkiw went … Read more