$114,030.00
-0.34%$3,625.05
1.58%$3.03
0.88%$757.75
-0.03%$167.25
2.05%$0.999803
0.00%$3,618.67
1.56%$0.332927
0.56%$0.203605
0.99%$0.740977
0.14%$113,965.00
-0.22%$4,379.34
1.58%$39.19
3.77%$0.40489
-1.24%$3.50
1.10%$3,895.45
1.53%$572.04
3.20%$16.62
0.08%$0.247286
0.48%$3,880.75
1.42%$1.001
-0.02%$22.30
1.90%$123.70
5.85%$3,623.24
1.48%$8.99
0.09%$3.30
-3.85%$0.999657
-0.01%$0.00001218
-0.64%$1.00
0.07%$42.75
0.01%$114,038.00
-0.28%$9.79
4.17%$3.66
0.61%$296.36
-3.44%$1.19
0.03%$4.34
0.15%$0.137446
1.21%$0.00001046
0.36%$0.601642
-2.52%$260.02
-1.12%$346.97
-2.60%$20.48
1.56%$2.51
1.00%$0.878267
15.65%$0.931831
0.78%$4.29
0.75%$5.21
1.25%$0.352015
-0.56%$45.17
-2.67%$204.23
2.18%$0.08839
1.05%$1.00
0.00%$3,627.03
1.63%$0.03453095
-2.67%$1.00
0.08%$0.242845
0.08%$0.391584
-0.01%$16.73
-0.63%$0.02322203
0.95%$0.2195
8.17%$4.58
0.04%$0.00002548
-4.63%$4.26
-0.27%$3.60
0.83%$1.062
0.01%$6.07
1.40%$0.95986
-2.01%$8.84
-0.54%$178.19
2.12%$0.298157
4.23%$0.657945
2.04%$4.92
0.78%$4,122.67
1.57%$0.03527314
32.51%$0.079098
0.32%$0.02337041
-1.37%$2.38
0.72%$3,801.60
1.67%$109.49
-0.61%$114,066.00
-0.03%$1.67
1.81%$0.09413
-0.51%$0.477103
3.14%$0.999822
-0.01%$3,814.35
1.69%$1.001
0.00%$10.60
0.76%$13.56
2.69%$3,912.62
1.58%$3,886.65
1.70%$1.30
-1.35%$0.99747
-0.13%$0.910565
1.39%$0.69914
1.30%$1.69
2.71%$0.999879
-0.01%$0.999657
0.00%$3,834.03
2.02%$0.681599
1.90%$114,019.00
-0.04%$0.00312229
2.80%$0.213941
2.40%$0.396779
0.92%$0.00010656
-2.22%$758.52
0.03%$1.008
4.80%$188.50
2.05%$1.001
0.17%$0.518919
3.38%$0.999638
0.00%$3,369.14
-0.18%$0.091149
-1.02%$0.293716
-1.00%$114,178.00
-0.17%$0.89857
-1.37%$2.60
0.32%$114,688.00
-0.49%$26.39
1.30%$1.12
-0.02%$0.520589
-7.66%$219.43
2.11%$0.818798
7.84%$0.144396
0.69%$3,366.18
-0.13%$0.918636
-1.15%$0.514575
3.00%$1.22
-0.04%$3,620.15
1.46%$0.770736
2.16%$3,886.06
1.63%$3,613.65
1.42%$3,792.00
2.12%$0.186054
-0.40%$0.01488787
-1.16%$2.68
2.92%$0.01540769
0.52%$112.06
0.02%$1.079
-0.52%$0.998133
0.03%$0.114904
-0.09%$0.269911
1.27%$113,886.00
-0.25%$0.743882
-4.95%$3.90
-3.46%$3,622.85
1.56%$0.00000065
-0.56%$0.998341
-0.14%$1.67
-2.55%$1.83
3.54%$35.96
-1.03%$0.997777
-0.01%$0.361649
0.81%$0.00811845
-0.35%$114,246.00
-0.14%$3,857.66
1.58%$3,624.84
1.62%$0.99954
-0.02%$113,683.00
0.05%$0.284509
1.59%$0.384315
0.94%$0.053677
3.38%$0.073398
-1.56%$2.81
0.71%$0.203462
1.02%$0.434186
-1.84%$25.89
0.46%$3,993.03
1.57%$0.166729
3.84%$0.00000119
7.23%$0.99788
0.12%$0.486483
1.40%$0.01416484
-2.20%$0.00523513
1.58%$3,968.92
1.53%$0.00000123
1.84%$0.472698
-4.92%$0.00000047
-0.02%$1.32
0.82%$0.118526
1.63%$0.566279
1.13%$7.88
4.89%$6.87
7.07%$1.16
-0.02%$0.00512356
-1.51%$0.00751127
-0.13%$10.77
0.03%$46.50
2.34%$3,613.95
1.69%$1.001
-0.13%$1.059
-3.21%$6.07
3.32%$0.563161
2.65%$1.013
1.21%$0.390137
0.14%$3,621.28
1.52%$14.13
-0.58%$0.02175019
0.99%$14.59
1.42%$5.20
0.60%$1.096
0.07%$0.00002057
1.28%$1.002
0.24%$0.999854
-0.01%$0.339772
-0.05%$4,387.47
1.56%$0.186242
2.07%$0.999812
0.00%$0.03967849
2.55%$0.053379
3.57%$2.30
1.30%$0.829914
5.03%$113,967.00
-0.28%$22.59
0.07%$0.078526
3.22%$0.262849
1.55%$0.03404319
8.82%$1.14
1.54%$0.00698663
3.18%$183.62
2.25%$0.512737
1.13%$4.31
-0.86%$39.06
3.44%$27.16
1.99%$0.344195
1.19%$0.139162
0.02%$22.30
2.11%$0.514153
3.06%$0.129543
0.39%$112,661.00
-1.24%$113,959.00
-0.33%$0.0000589
-0.27%$0.03282181
0.03%$1.18
1.09%$3,802.12
1.44%$122.31
1.38%$0.00000263
-2.54%$0.219448
8.18%$0.758444
1.09%$0.695881
-0.46%$0.999658
-0.20%$4,085.32
1.67%$0.999743
0.01%$0.999077
-0.01%$0.66243
-0.69%$0.997645
-0.04%$0.30422
0.50%$0.00430808
0.35%$1.20
-0.40%Reading
Anyone looking to conduct any shady business on peer-to-peer BitcoinBitcoin exchange LocalBitcoins will now have a more difficult time doing so.
The exchange today announced that it has teamed up with Elliptic—a cryptocrypto tracing firm that provides asset risk management solutions. LocalBitcoins plans to use Elliptic's transaction monitoring software to prevent the illegal use of the Bitcoin exchange’s services.
“By choosing @elliptic, LocalBitcoins have demonstrated their commitment to eliminating illicit use of their platform,” said Tom Robinson, Elliptic’s co-founder and Chief Scientist.
We're proud to be working together to make LocalBitcoins an even more safe marketplace!#Bitcoin https://t.co/r9yhqHBaGA
— LocalBitcoins.com (@LocalBitcoins) July 28, 2020
LocalBitcoins has long been criticized for being one of the top destinations for dirty Bitcoins around the world. According to a report from blockchainblockchain analytics firm CipherTrace, the Finnish platform ended 2019 by earning the dubious distinction of having received the most illicit crypto assets throughout the year. It’s been a recurrent pattern since 2017, according to the firm.
The report claimed that Finnish exchanges received 12.01% of all crypto funds associated with criminal activity, and LocalBitcoins alone accounted for more than 99% of all such funds.
LocalBitcoins partnering with Elliptic appears to be an attempt to confront this problem head on.
"We are pleased to be partnering with the global leader in blockchain monitoring," said Sebastian Sonntag, CEO of LocalBitcoins, in a statement. "Elliptic will enable us to achieve the highest levels of compliance while increasing operational efficiency and reducing costs. We will continue to invest heavily in AML and KYC to maintain a secure and trusted platform for our valued customers.”
But in solving one problem, the exchange may be creating a new one for its business.
Peer-to-peer Bitcoinexchange LocalBitcoins today posted its business results for 2019—and business is good, despite struggles dealing with money laundering on the platform and losing ground to rival Paxful. Posting a 10% increase in revenue from the year before, the Helsinki-based company announced an annual revenue of €26.2 million ($29.48 million). The company—one of the most popular cryptocurrency exchanges in the world—said that there were 1.46 million new customers on the platform in 201...
The recent KYCKYC and anti-money laundering (AML) policies implemented by the LocalBitcoins team have caused some privacy-loving purists to jump ship, including traders who may be operating in countries that are sanctioned by the United States.
This may be one of reasons that LocalBitcoins has lost market share to its competitors, such as Hodl Hodl, which have taken the opportunity to grab users in regions like Latin America and Africa, offering the privacy, diversity of services, and ease of use that LocalBitcoins can no longer provide.
For LocalBitcoins, though, that tradeoff appears to be worth it.
Popular centralized exchange Coinbase announced on Tuesday its intention to raise $2 billion via convertible senior notes in a private offering. The funds will be used for “general corporate purposes,” which it says may include “acquisitions of other companies, products, or technologies.” The company’s publicly traded stock closed on Monday at $314.69, per Trading View, down 25% from its all-time high. COIN has since slumped almost 2% in pre-market trading to $308.54. Coinbase’s sale will be ope...
Verb Technology will use $558 million in proceeds from a private placement to begin stockpiling and staking Toncoin, the Las-Vegas based marketer said in a press release on Monday. The cryptocurrency, which serves as the native token of the Telegram-linked The Open Network, will be treated as the company’s “primary treasury reserve asset,” it said—representing the latest twist on a growing list of crypto treasury firms dedicated to various digital assets. The company’s private placement in publi...
Analysts at investment bank Compass Point downgraded Coinbase’s stock to “Sell” from “Neutral” on Sunday, flagging increased stablecoin competition and growing investor fatigue as potential headwinds for the crypto exchange in the second half of this year. Compass analysts lowered their price target for Coinbase shares to $248 from $330 after the San Francisco-based firm posted a weaker-than-expected second-quarter performance last week,—which was marked by a sequential drop in revenue from cryp...
