Crypto adoption appears to be growing across the continent of Africa. Crypto adoption is making significant advances in Africa, with crypto ownership, trade volume, and regulation all moving toward greater adoption. A recent report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana, and Kenya are frequently among the top 10 countries…
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African peer-to-peer Bitcoin trade has generated more than $14.6 million in weekly volume, comprising a new record for the continent. African peer-to-peer, or P2P, Bitcoin (BTC) trading volumes have continued to increase, with the continent posting its third-consecutive all-time high for trade activity. Africa’s surging volumes come amid a plateauing in global P2P trade, with…
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Peer-to-peer Bitcoin trade in Sub-Saharan Africa has rallied, surpassing the previous combined volume record posted at the heights of 2017’s rally. Crypto investors in Sub-Saharan Africa appear to be accumulating ahead of Bitcoin’s (BTC) halving next week. According to data published by Useful Tulips, surging African demand has driven record peer-to-peer (P2P) Bitcoin trading volume…
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While Localbitcoins trade volumes have receded globally since the platform’s KYC overhaul last year, Latin American trade has continued to surge. Amid declining global volume, Localbitcoins.com continues to comprise a hub for Latin American peer-to-peer (P2P) trade — with Argentina, Chile, and Venezuela posting record volume over recent weeks according to Coin.dance. This past week…
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An enormous disparity between the market value and the official peg of Lebanon’s lira has resulted in chaotic pricing on Localbitcoins. With Lebanon’s currency hitting new record lows of 4,000 Lebanese lira (LBP) per $1, chaotic prices are being listed by Lebanese Localbitcoins traders. As of this writing, spreads between listings on both sides of…
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The indefinite suspension of Venezuela’s national banking system is driving further adoption of cryptocurrencies. Peer-to-peer Bitcoin (BTC) trading has surged in Venezuela after shutting banks amid a nationwide quarantine to fight the spread of coronavirus. On March 17, Venezuelan President Nicolas Maduro brought a country-wide quarantine to slow the spread of COVID-19. With only 33…
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Popular P2P exchange LocalBitcoins traded 3,144 bitcoins during one week in February, which is the lowest since 2013. Popular peer-to-peer (P2P) crypto trading exchange LocalBitcoins saw a major decline in Bitcoin (BTC) trading volumes amid apparent user uncertainty. According to data from Bitcoin (BTC) statistics website Coin Dance, global Bitcoin trading volumes on LocalBitcoins exchange…
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Amid a major economic downgrade, countries in Latin America suffer increasingly from money laundering through crypto, a new report says. Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says. Cryptocurrencies like Bitcoin (BTC) have become a major tool of organized crime groups…
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Finnish P2P exchange LocalBitcoins is allegedly quietly suspending user accounts, citing an “enhanced due diligence process.” Popular Bitcoin (BTC) exchange platform LocalBitcoins is allegedly suspending user accounts with little fanfare, citing an “enhanced due diligence process.” Finland-based LocalBitcoins, one of major global peer-to-peer (P2P) crypto exchanges, has reportedly suspended user accounts in some countries in…
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China’s Bitcoin trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins. China’s Bitcoin (BTC) trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins. According to Bitcoin statistics website Coin Dance, China’s BTC trading volumes have been gradually dropping from late 2019 to the present, touching…
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