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Tag Archives: LocalBitcoins

Over CNY120 mln Weekly Volume, Bitcoin OTC Exchange At Highest In China

Sep 27, 2017

Olusegun Ogundeji

Weekly volumes on two of the world’s top over the counter Bitcoin exchange platforms - LocalBitcoins and Paxful - reached an all time high in China in the week ending September 23. For the first time, more than CNY1.74 mln and CNY115.1 mln were reportedly exchanged on Paxful and...

Bitcoin vs PBoC’s digital currency: Expect a dump?

Mar 3, 2017

Olusegun Ogundeji

When the PBoC’s digital currency that will conform to the existing central - commercial bank arrangement is out later this spring, it would have an impact on the use and price of Bitcoin which BTCC’s co-founder Bobby Lee recently tipped would be worth between USD$5,000 and USD$11,...

Some facts on LocalBitcoins rising OTC figures in China

Feb 21, 2017

Olusegun Ogundeji

Since the introduction of some regulatory measures by most Bitcoin exchanges in China as a way to ensure they comply to the country’s laws and not act neither as banks nor as money laundering services providers, attention seems to have shifted to the over the counter market. More individuals ha...

Can Bitcoin transactions in Japan reach China’s level?

Jan 19, 2017

Olusegun Ogundeji

According to Kawabata Kagayaki, the Business Development Lead of Coincheck, Japan’s leading Bitcoin and cryptocurrency exchange, it is possible at some point for Japan's Bitcoin transaction volume to reach the same level as it is being recorded in China presently. In an email,  ...