Category: suspended

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Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter

Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto WinterLocalbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the Crypto Market The first […]

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Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police

Okex Halts Withdrawals Due to 'Out of Touch' Private Key Holder, Founder Star Xu Talks With PoliceThe digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by the police. On Friday morning (ET) a local report from the publication Caixin detailed that the founder of […]

The post Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police appeared first on Bitcoin News.

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Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

Bitcoin.com Local Advantages - Localbitcoins Volume Slides, Paxful User Condemns RestrictionsThe bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes haven’t […]

The post Bitcoin.com Local Gathers Steam as Other P2P Markets Falter appeared first on Bitcoin News.

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Auscoin Exchange Suspended After Arrest of Sam Karagiozis

27-year-old Sam Karagiozis has been named as the individual arrested on March 7 following raids carried out by the Australian Transactions Reports and Analysis Centre (AUSTRAC) and Australian Federal Police. The arrest resulted in the suspension of the licenses of two cryptocurrency exchanges that Karagiozis is involved with including his controversial nationwide cryptocurrency ATM network, […]

The post Auscoin Exchange Suspended After Arrest of Sam Karagiozis appeared first on Bitcoin News.

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Two Australian Crypto Exchange Licenses Suspended Following Arrest

Two Australian Crypto Exchanges' Licenses Suspended Following ArrestTwo Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges. Also Read: P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela […]

The post Two Australian Crypto Exchange Licenses Suspended Following Arrest appeared first on Bitcoin News.

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Two Crypto Exchanges Suspended by Japan’s Financial Regulator

Two Crypto Exchanges Suspended by Japan's Financial RegulatorThe Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country. Two of them have been ordered to suspend operations. Officials are not satisfied with the measures implemented to prevent money laundering and systemic risks.    Also read: CEO of Korean Exchange Coinnest among Four […]

The post Two Crypto Exchanges Suspended by Japan’s Financial Regulator appeared first on Bitcoin News.

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