Has Reddit Banned Links to LocalBitcoins?
A recent post on the Bitcoin subreddit has caused speculation that Reddit has banned links to LocalBitcoins.com, one of the safer and primary ways that people trade Bitcoin on a peer-to-peer basis. According to user BashCo, the problem has been ongoing: “Refuse” may be a bit too strong of a word here. I first messaged them about it five days ago on April 4th, plus one reminder on the weekend. Still no reply, but they are often very slow in responding. I’ll give them another couple days. Throughout the post, it is made evident that links to LocalBitcoins are not being posted. An r/Bitcoin....
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Editor's Note: Disable JavaScript before withdrawing your funds from LocalBitcoins.com. There have been numerous reports of funds being missing from the popular bitcoin trading website LocalBitcoins.com, the most popular of which was posted on reddit recently. None of these reports have been confirmed by LocalBitcoins staff. LocalBitcoins staff is aware of and is investigating the issue. The post on reddit suggested that this is not related to the recent heartbleed bug, as the user who reported the missing funds has changed their password since. In addition, the Redditor claims that his....
Following yesterday's statement from LocalBitcoins regarding issues with its wallet service, the website has released its follow-up investigation report. The report focused in part on claims that the site's two-factor authentication failed to prevent a wallet breach. LocalBitcoins also addressed the cause of withdrawal delays that took place as users tried to move their bitcoins away from the site following the posting of user concerns on reddit. The LocalBitcoins team wrote in the report's introduction: "LocalBitcoins team did not found any evidence of compromised site security." Report....
It seems LocalBitcoins has become the new hot (and illegal) business in Russia. Just last week, the company saw record transactions when over 250 million rubles were exchanged for everybody’s favorite digital currency, equaling nearly $4 million in USD. Despite Russian regulators restricting access to the site back in September, the company is not only doing business, it appears to be thriving. Russia has certainly had an up-and-down relationship with digital currency over the last four years. From enforcing penalties upon those using it to saying it’s “not so bad,” Russia just can’t seem....
The decision to block LocalBitcoins was made on July 5th of 2016, albeit it did not go into effect until recently. The story of Bitcoin in Russia has taken yet another exciting turn. While the news is far from positive, there are so many conflicting reports in the country it is generating a lot of interest. While WebMoney will accept Bitcoin payments soon, using LocalBitcoins is now prohibited. One just never knows what will be next for Russian Bitcoin enthusiasts. Similarly to what happened to various Bitcoin news sites in Russia, LocalBitcoins is now inaccessible by Internet users. The....
LocalBitcoins.com has been banned by the Russian Federal Service for Supervision of IT and Mass Communications, otherwise known as Roskomnadzor. After the ban went into effect, LocalBitcoins released a blog post explaining how to use the service through a VPN or the Tor browser. Russian Authorities Send Mixed Signals About Bitcoin. Authorities have sent....