LocalBitcoins 'Exploring Options' After Service Halt in Germany
New details have emerged from the LocalBitcoins management team following its announcement this week that it would abruptly halt services in Germany. The peer-to-peer bitcoin marketplace is one of the older and more popular bitcoin startups, having launched in July 2012, though its users have faced legal troubles in some jurisdictions. Adding fuel to speculation was the original announcement from LocalBitcoins that it would shutdown its services due to "regulatory reasons". http://t.co/byGAoG3WSI won't be available in Germany anymore due to regulatory reasons. We hope this is temporary.....
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One of the most popular ways for users to buy and sell bitcoin has announced a change that is sure to upset German digital currency enthusiasts. LocalBitcoins.com took to their Twitter account on Monday to announce that their services will no longer be available to users in Germany. The announcement comes much to the displeasure of those reliant on the service to acquire or get rid of their bitcoins. LocalBitcoins.com has said the reason relates to "regulatory reasons," though the service didn't exactly specify which regulations were preventing them from continuing their operation in the....
Bitcoin regulation in the state of New York remains a topic of heavy debate, as the latest company to halt its services in the state is none other than LocalBitcoins. The largest Bitcoin peer-to-peer marketplace in the world is being hindered by the BitLicense regulations put in place earlier in 2015. Whether people like or dislike the idea of regulating Bitcoin at all, BitLicense is definitely an example of how it should not be done. Hash regulatory measures, combined with hefty license application fees and invading customer privacy does not sit well with most Bitcoin companies. Seeing as....
Today, May 3, 2014 LocalBitcoins reported a "very dangerous attack" on the site's infrastructure. As of now, LocalBitcoins has released a statement saying that none of their users data or Bitcoins have been affected and in the meantime "the site will be down for a while as the system is being rebuilt." LocalBitcoins hosting service had received a request to restart the website's server that apparently came from a "spoofed email" and other flaws in the hosting provider's support system. LocalBitcoins became aware of the situation shortly after this abnormal activity started. The attacker....
Localbitcoins.com, the websites that allows users to buy and sell the digital currency in person and anonymously, is currently down. It's unclear what is causing the downtime, but for some folks, full-on panic mode has kicked in. As of this writing, we were presented with the following technical problem message: "An unrecoverable technical error has occured. We've got this error logged and will get to fixing this shortly." newsBTC has reached out to Localbitcoins.com for explanation, but did not immediately receive a response - as we guess they're busy getting things up and running again.....
The process of purchasing bitcoins on a LocalBitcoins ATM will not require an Internet connection. It seems a few arrests in Florida are not going to slow down progress over at LocalBitcoins. LocalBitcoins ATMs are now in production, and users will soon be able to make local trades without having to find a human counterparty. Their ATMs will allow anyone to buy or sell bitcoins, and the most amazing feature of these new devices might be that they don't require an Internet connection to function. Instead of connecting with your phone, the LocalBitcoins ATM will give a user a redeemable code....