Local Bitcoins Removes Cash-for-Crypto Trading Option

Helsinki-based peer-to-peer exchange LocalBitcoins has reportedly removed the option allowing users to buy or sell cryptocurrencies in person for cash.

In a Reddit post Sunday, a LocalBitcoins user pointed out the option was no longer available on the platform, though commenters some suggested the restriction might be limited to the U.S..

The removal of the option – which basically acts as a matchmaker for users to make trades in person – effectively bars LocalBitcoin users from selling and buying bitcoin for cash. LocalBitcoins has also cancelled pending fiat trades, other comments suggest.

The platform has not yet made an official announcement about the change on its blog or Twitter.

In response to the move, LocalEthereum announced has temporarily removed the trading fee on cash-in-person exchanges – effective June 1 to July 1.

LocalBitcoins’ move comes after the company announced in February that it would comply with the European Union’s (EU) new anti-money laundering directive.

Several other P2P cryptocurrency trading platforms still offer an in-person cash option.

Handing over dollars image via Shutterstock

Source: Pivot – Blockchain Community

Move Over Bitcoin And Dogecoin, Elon Musk Is Tweeting About Ethereum

bitcoin, bitcoin price, ethereum, Elon Musk, dogecoin, image

Elon Musk, the playful Tesla and SpaceX chief executive who has set the world of bitcoin and cryptocurrency on fire in the past, has again caused a stir by tweeting about cryptocurrencies—this time it’s the turn of decentralized app network ethereum.

Bitcoin and the broader cryptocurrency market has been trading sideways since leaping higher at the beginning of this month, with ethereum now only 7% up on its late March price per ethereum token.

Now, Musk, who earlier this month revealed his favorite cryptocurrency, has tweeted the word “ethereum” before replying to ethereum’s creator Vitalik Buterin invitation to attend the ethereum developer conference in October.

Musk tweeted the word “ethereum” then followed it up by tweeting “jk”—perhaps an attempt at preventing Twitter from suspending his account, which has previously been locked after tweeting about cryptocurrencies due to his long association with bitcoin and cryptocurrency give-away scams.

Musk then told ethereum’s Buterin to “stop giving away ETH.”

Musk has recently been embroiled in a row with the U.S. Securities and Exchange Commission (SEC) after he tweeted about his plans to take Tesla private last year, with the SEC then claiming that Musk violated an agreement by tweeting information Musk said had already been correctly relayed to investors.

On Friday, Musk and the SEC filed their amended settlement, which lists specific topics that Musk needs legal approval to tweet about. It does not contain anything about bitcoin or cryptocurrencies.

Following the agreement, Bloomberg’s Matt Levine wrote:

“If I were the SEC I would probably have pushed to add a requirement in the amended settlement to the effect of, if Musk is going to tweet a joke about Tesla, he has to add a smiley face or a “j/k” or a “lol” to the end of it. Again, this is an absolutely terrible rule for life, or comedy; it really kills the joke. And I can see why Musk would be concerned with the aesthetics of his Twitter comedy. But the SEC probably shouldn’t be!”

Musk’s latest cryptocurrency comments via Twitter could be a low-key dig at the SEC’s pursuit of him while scammers continue to plague Twitter with misleading impersonations of public figures.

bitcoin, bitcoin price, ethereum, Elon Musk, dogecoin, twitter image

Musk tweeted the word “etherum” without context.

Twitter / @elonmusk

The bitcoin price, which has been trapped in a long-running bear market over the last few months following a sudden sell-off in early November, exploded out the gates on at the beginning of April after slowly gathering pace throughout Marchconfirming much speculative data that a bitcoin bull run was imminent.

Musk surprised bitcoin and cryptocurrency watchers earlier this month by saying that the meme-based dogecoin is his “fav” cryptocurrency, even ahead of original cryptocurrency bitcoin, which he’s heaped praise on previously.

Musk, who has become known for his meme-ing Twitter account while running three major U.S. technology and engineering companies, was at this time responding to (another) tongue-in-cheek Twitter poll that found him to be the favorite to take on the mantle of dogecoin CEO, with 49% of the vote.

Musk beat off competition from ethereum co-founder and widely respected crypto developer Buterin, litecoin founder Charlie Lee, and Marshall Hayner, the chief executive of bitcoin and cryptocurrency blockchain payments processor Metal.

Earlier this year the bitcoin and cryptocurrency markets were enlivened by comments from two of the most closely-watched figures in the tech world: Tesla’s Musk and Twitter’s CEO Jack Dorsey.

bitcoin, bitcoin price, ethereum, elon musk, doge, chart

Despite a recent rally, the bitcoin price remains well under where it was most of last year.

CoinDesk

The bitcoin price failed to rally following Musk’s and Dorsey’s light praise of bitcoin and how cryptocurrencies will change the future of money—despite crypto media celebrating wholeheartedly.

While Jack Dorsey and Elon Musk have faintly suggested they see cryptocurrencies, and specifically bitcoin, as exciting new technologies that will likely change the world, neither seem particularly keen to lead the charge.

Musk, who last year got everyone fired up that he might be getting into bitcoin, has called bitcoin’s structure “quite brilliant”, adding “it bypasses currency controls … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”

Speaking on the Ark Invest podcast in February, Musk said it’s “very energy intensive to create bitcoin at this point” and it may not be “a good use of Tesla’s resources to get involved in crypto.”

You can follow me on Twitter @billybambrough and read my other Forbes posts here

Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk

Source: Move Over Bitcoin And Dogecoin, Elon Musk Is Tweeting About Ethereum

CoinMarketCap Crypto Assets Now Feature Flipside Letter Grades

Blockchain analytics startup Flipside Crypto is bringing crypto asset letter grades to a slew of online publishers. The Fundamental Crypto Asset Score (FCAS) metric – which evaluates factors such as developer activity and a broad set of transaction data – was recently added to CoinMarketCap, along with publishers such as MarketWatch, TheStreet and Stocktwits. The move comes ahead of the launch of CoinMarketCap’s first Android app, scheduled for April. Carylyne Chan, head of global marketing at CoinMarketCap, told CoinDesk these easy-to-use metrics will give users a more transparent view of how these assets are evolving. According to Chan, the site attracted 125 million repeat visitors in 2018 alone……

Source: CoinMarketCap Crypto Assets Now Feature Flipside Letter Grades

US Payment Giant Visa Seeks Crypto and Blockchain Talent for Tech Product Manager

American payment services firm Visa has published a crypto and blockchain-related job opening on San Francisco-based recruiting software firm SmartRecruiters on March 6. Global financial services corporation Visa is seeking blockchain talent for the position of Technical Product Manager at Visa Fintech in their Palo Alto office. The person will be responsible for the execution of Visa’s product strategy within a cryptocurrency ecosystem, and will be required to manage the roadmap for crypto-related opportunities. According to the job description, the person should be possess a functional knowledge of the crypto industry and major players involved, as well as in-depth knowledge of distributed ledger technology and a deep understanding of existing retail payment solutions……

Source: US Payment Giant Visa Seeks Crypto and Blockchain Talent for Tech Product Manager

Enjin Coin Price Gains Another 20% as Bullish Momentum Returns

Due to all of the rather uneasy cryptocurrency market momentum in place right now, it remains to be seen how things will unfold over the next few hours and days. While there is some excitement in certain markets, the top currencies are rather disappointing right now. The Enjin Coin price, which recently saw a major value surge, is still going strong as of right now. Enjin Coin Price Resumes its Uptrend.No one will be too surprised to note some altcoins succeed in noting strong gains whereas the majority of the top coins are struggling. While projects such as Enjin Coinwould certainly benefit from bullish Bitcoin price momentum, it seems they can effectively move on their own as well. That is part of what cryptocurrency so interesting right now, as one never knows where the next batch of profits might come from……

Source: Enjin Coin Price Gains Another 20% as Bullish Momentum Returns

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