Regulations Push Cryptocurrency Traders to LocalBitcoins

Regulations Push Cryptocurrency Traders to LocalBitcoins

The increasing interest in Bitcoin has got the community looking for ways to overcome the roadblocks set by government agencies. As regulatory issues affect conventional methods of buy and selling cryptocurrencies over established platforms, the community members seem to have migrated to peer-to-peer platforms like LocalBitcoins. The market charts published by Coin Dance platform shows increasing Bitcoin trade volumes on LocalBitcoins. The surge in Bitcoin demand on the peer-to-peer trading platform appears to be driven by the recent developments in the Chinese cryptocurrency industry. The region wise demand trend shows the cryptocurrency’s volumes surge to record levels in the Chinese market. The volumes in Canada, Chile, China, Colombia, Mexico, Norway,...

Where Bitcoin and Banking Collide

Where Bitcoin and Banking Collide

Noelle Acheson is a 10-year veteran of company analysis, corporate finance and fund management, and is a member of CoinDesk’s product team. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered exclusively to our subscribers. A relatively quiet and traditionally isolated market is about to set a precedent that could change the blockchain sector. Last week, CoinDesk met with a group of representatives from some of Japan’s blockchain startups and enterprise players. Conversation revolved around the upcoming regulation of cryptocurrencies, and the impact it would have on industry business models. The consensus seemed to be that the new rules (a requirement to get a license from the Financial Services Agency,...

Latest Listings on CoinMarketCap: Meet Karma, Doubloons, Burstcoin

Almost daily CoinMarketCap lists new Coins. Cointelegraph is reviewing some of the newly listed Cryptos so that the community can familiarize themselves with them. We spot opportunities and threats, in order to help the community not fall prey to the shameless crypto and Blockchain scammers who must be weeded out. We as the responsible crypto media, see our task in spotting the bad nuts and raising the red flags if needed. The likes of OneCoin can be very harmful to the process of global adoption of cryptocurrencies. Doubloons Doubloons is a Spanish word that means double or two gold coins. This network is supposedly built on a customized hybrid Blockchain with a heavily modified prototype wallet which claims to utilize emerging technologies while presenting new...

USAA’s Integration With Coinbase Is Still A Big Deal

Very few people seem to be aware of how the USAA Bank actively supports Coinbase integration. In most cases, banks want nothing to do with bitcoin or any related services. USAA has proven to be quite different in this regard, as they enabled bitcoin functionality due to overwhelming demand from their clients. An intriguing concept that could set a precedent for other banks around the world. USAA And The Coinbase Bitcoin Wallet Option To put this into perspective, USAA is not your traditional bank by any means. The institution serves military members and their families only, which means the average consumer will not gain access to their services anytime soon. It is perhaps this reason that allows USAA to be quite open-minded when it comes to alternative finance,...

3 Smart Contract Misconceptions Explored

3 Smart Contract Misconceptions Explored

Olivier Rikken is manager, public speaker and thought leader on digital disruption, blockchain and business process management at Axveco, a boutique consultancy firm headquartered in Amsterdam.  In this CoinDesk opinion article, Rikken outlines three common mistakes newcomers make when seeking to leverage blockchain-based smart contract technology. One of the most promising developments in blockchain is the idea of smart contracts. First detailed by cryptographer Nick Szabo in his 1994 paper “Smart Contracts”, Szabo describes the concept as “a computerized transaction protocol that executes the terms of a contract”. Today, the rise of the ethereum blockchain facilitates the easy development and deployment of this concept in a public...

Localbitcoins Sets New All-Time High As Chinese Market Surges

Localbitcoins Sets New All-Time High As Chinese Market Surges

Peer-to-peer Bitcoin hub LocalBitcoins has posted a new global all-time high across its platform as Chinese traders continue to make it their new home. Data from Coin Dance shows the week ending Feb. 18 to be the busiest in the marketplace’s history, with over $24 mln in transactions. The figure is almost $5 mln higher than the previous week when China was just reacting to the exchanges’ decisions to halt Bitcoin withdrawals due to regulatory pressure. Cointelegraph previously reported new highs for LocalBitcoins in several of its country-specific markets, which included China, as well as Venezuela, Turkey, New Zealand and Canada. The Chinese market volume chart on its own makes for impressive reading. 36.2 mln yuan went through LocalBitcoins’...

Credit Suisse: Bitcoin 11 Times More Volatile Than GBP/USD

Two reports by Credit Suisse suggest that Bitcoin is three times more volatile than oil and 11 times more than the post-Brexit pound sterling. The Swiss bank’s first article, published earlier this month titled “Is Bitcoin Safe?” seeks to advise on the resilience of the virtual currency as an asset. “Bitcoin does carry some unique risks,” analysts from its global marketing research department state. “The value of the cryptocurrency has been three times as volatile as the price of oil and 11 times more than the post-Brexit exchange rate between the dollar and the British pound.” In line with banks the world over, Credit Suisse champions the appeal and security of the Blockchain, commenting that “it's only when...