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Bitcoin Exchange LocalBitcoins Posts Fourfold Trading Volume Increase in Venezuela

Decentralized Bitcoin exchange LocalBitcoins has announced a fourfold increase in its Bitcoin trading volume since June in Venezuela. This substantial increase reflects the phenomenal rise in demand for the digital currency in the country and in other emerging markets.According to the company, its trading volume of Bitcoin in the last three months has increased to 40 bln Venezuelan bolivars from a

JPY, USD, and KRW Accounts for Over 90% of Bitcoin Traded on Exchanges

Markets and Prices CNY to bitcoin trading now accounts for approximately only 1% of all bitcoin trade occurring on exchanges, according to cryptocompare data. The Chinese cryptocurrency crackdown has drastically altered the global composition of bitcoin markets. 60% of bitcoin trading currently occurs through Japanese markets, with the U.S. and South

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Bitfinex Officially Halts Service For US Users, Impractical Bitcoin Regulations

Bitfinex, one of the largest Bitcoin and cryptocurrency exchanges in the world in terms of daily trading volume and user base, has officially halted its services for US users, residents, and citizens.Bitfinex is Closing All of its Services in the USIn August, the company first publicly disclosed its plans to close its trading platform for US users, due to impractical regulations and policies impos

China Will No Longer Negatively Impact Bitcoin Price, 1% of Global Trading

While the future of the Chinese Bitcoin and cryptocurrency markets remain uncertain, the Chinese government will no longer be able to manipulate the market and negatively impact the Bitcoin price.Earlier today, on October 16, LIU Post in New York professor and chair of the department of economics Panos Mourdoukoutas suggested the possibility of the Chinese market bringing the price of Bitcoin down

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Bitcoin Booms in Evolving Markets

As far as adoption goes, Bitcoin follows a familiar pattern. Populous, first world countries in North America, Europe and Asia were first to catch Bitcoin fever, the first to establish exchanges and the first to begin restricting them as well. While early Bitcoin trading in these countries was largely boundless, allowing for things like margin trading and high leverage, as more of each countr

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Bitcoin Price Continues to Rise, Demonstrating Resilience as Core Developer Explains

Throughout the past week, the Bitcoin price has surged from around $4,500 to $5,920, demonstrating a $1,420 increase in value within a relatively short period of time. Since October 14, the price of Bitcoin has endured a minor correction, declining from $5,920 to $5,500. But, Bitcoin Core developer Eric Lombrozo emphasized the resilience of Bitcoin towards various external factors that could have

Bitcoin Price Booming but Global Demand Takes Hit From Regulations

Digital currencies, especially Bitcoin as it reaches a new all time high, are stronger than ever - this in the face of governmental regulation and hardline crackdowns.However, although Bitcoin’s price seems unaffected by the control that Russia and China is trying to wrest from the decentralized digital currency ecosystem, trading volume and global demand has taken a hit.Sudden shiftsLookin

UK’s Tickmill Adds Bitcoin to its Forex Platform

Fintech United Kingdom dominance in the European financial technology sector continues with over-the-counter (OTC) exchange Tickmill trading in bitcoin. Also read: Major Russian Forex Broker Alpari Launches Bitcoin Trading PairsTickmill, Gold to BitcoinA quick press release announced excitedly the company’s venturing into bitcoin, “one of the wor

Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading

Economics Japan has emerged as the largest market for bitcoin trading by volume. This represents a shift from the market dominance controlled by China as a result of the Chinese government blanket banning exchange platforms. Japan, along with South Korea to some extent, now represent major hubs of crypto-finance across the globe. Also read: 

Goldman Sachs: Not Trading Bitcoin Yet, But Still Interested

The demand for Bitcoin and the rush to invest in the digital coin are growing daily. Despite the criticism and ‘fraud’ accusations, great names like Goldman Sachs Group Inc. are thinking about introducing a cryptocurrencies trading desk and what kind of legal bottlenecks are involved.Image: the streetIt was reported earlier that the company is considering the possibility for its investors to t

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