Bitcoin 

P2P Crypto Trading Volume Increased 2800% in South Africa, Says Paxful

Peer-to-Peer (P2P) cryptocurrency trading platform Paxful has seen 2,800% more trades in South Africa this month compared to October 2018. Demand for crypto sharply increases in S.A. Paxful announced the growth of its South African user base in a blog post published on Oct. 28. In the post, the company also notes that Johannesburg, Pretoria and Cape Town are the three cities that see the highest numbers of users. Paxful adds that the overall number of trades in the African continent also increased by 64% when comparing the current month…

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Ethereum 

Binance Launches P2P Trading for Chinese Yuan

Major cryptocurrency exchange Binance has launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese Yuan (CNY). In an announcement published on Oct. 9, the exchange revealed that the service will be initially available to Android users who already have Binance accounts registered for at least 30 days. The exchange states that users should update their Binance Android app to the latest version in order to gain access to the new service and that it will slowly roll out support for iOS and web interface going…

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Bitcoin 

US Freezes Maduro Gov’t Assets as P2P Bitcoin Volume Soars in Venezuela

In a major escalation against socialist president Nicolás Maduro, Donald Trump’s administration has frozen all Venezuelan government assets.  The United States’ hawkish move has been reflected in a new all-time-high for peer-to-peer trading volume on LocalBitcoins in the country. Trump takes on the ‘usurper’ As the Associated Press (AP) reported on August 5, the U.S. administration’s action took immediate effect this Monday, with President Trump citing Maduro’s ongoing “usurpation” of power — as well as human rights abuses by his supporters — as the grounds for the decision. Even ahead…

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Bitcoin 

P2P Bitcoin Exchange HodlHodl Launches Lightning Network Support

Non-custodial peer-to-peer (P2P) bitcoin (BTC) exchange HodlHodl announced Lightning Network support in a Medium article published on June 5. The announcement claims that now “everyone is able to buy bitcoins and receive them directly into their Lightning wallet & sell bitcoins directly from their Lightning wallet.” The post also notes that the platform has previously tested Lightning Network support on the test network. The company reportedly only implemented Lightning Network support after successful testing. The post further highlights that the actual procedure will not be much different when compared to…

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Bitcoin 

FinCEN Takes First Enforcement Action Against P2P Cryptocurrency Exchanger

The United States Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty for a California resident accused of wilfully violating money transmission laws in his work as a peer-to-peer exchanger of virtual currencies. The news was announced in an official FinCEN news release on April 18. FinCEN — the U.S. Treasury Department’s financial crimes unit — says the move represents its first enforcement action against a peer-to-peer cryptocurrency exchanger. Eric Powers of Kern County, Calififornia, has been served a $35,000 fine and debarred from any future activities that…

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Ethereum 

Top Five Exchange OKEx Launches Thai Baht Trading on Its P2P Platform

Top five Cryptocurrency exchange OKEx has launched support for Thai baht-crypto trading on its client-to-client (C2C) platform, a press release shared with Cointelegraph on Feb. 14 reveals. According to the press release, currently only Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Litecoin (LTC) can be traded with the Thai baht on the exchange’s peer-to-peer platform. The exchange first announced that it would be adding support for the fiat currency in a post on Jan. 23. The post was also dedicated to recruiting merchants for the new market. In the same…

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Bitcoin 

Satoshi Nakamoto’s P2P Profile Makes New Post, Befriends User

An account once associated with Bitcoin (BTC) creator Satoshi Nakamoto on the non-profit global network P2P Foundation posted a one-word status update yesterday, Nov. 29. While the account is tied to Nakamoto’s old email address satoshin@gmx.com — the same address that reportedly uploaded one of the early Bitcoin papers to P2P back in 2009 — the same email was allegedly hacked in November 2014, four years after Nakamoto’s withdrawal from traceable online activity in late 2010. The meaning of yesterday’s update, which reads simply “nour,” in quotation marks, is not…

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