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| February 21, 2019

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Saudi Crown Prince Pivots to Asia After Criticism From West

February 17, 2019 |

Mohammed Bin Salman’s sweep through Asia comes as the murder of a Saudi dissident and the war in Yemen disrupt the kingdom’s ties with Western powers.
WSJ.com: What’s News Asia

Localbitcoins Trade Surges in Latin America and East Asia

February 14, 2019 |

Localbitcoins Trade Surges in Latin America and East Asia

The peer-to-peer (P2P) markets saw a surge in trade activity this past week, with the Localbitcoins markets of five countries posting record volume. The largest spikes were concentrated in the Latin American and Asian regions, however, the United States also posted its strongest monthly P2P volume since April 2018.

Also Read: Nasdaq Stock Exchange to Start Offering BTC and ETH Indices

Indonesian P2P Volume Increases by More Than 10x in One Week

Localbitcoins trade between the Indonesian rupiah (IDR) and BTC saw a dramatic spike in activity this past week, with volume increasing from 10 BTC during the week of Feb. 2 to 102 BTC during the week of Feb. 9.

Localbitcoins Trade Surges in Latin America and East Asia

When measured in fiat currency, this past week saw more than 4.5 billion IDR (approximately $ 364,600) worth of BTC changing hands. The week of Feb. 9 comprised the strongest week of Indonesian Localbitcoins trade on record when measured in both fiat and cryptocurrency.

Localbitcoins Trade Surges in Latin America and East Asia

South Korean P2P Trade Activity up 125%

Localbitcoins trade between the South Korean won (KRW) and BTC posted a new all-time high for trade volume this past week, with 132.33 million KRW worth of cryptocurrency (nearly 3.16 million) changing hands.

Localbitcoins Trade Surges in Latin America and East Asia

When measured in cryptocurrency, South Korean Localbitcoins more than doubled this past week, up from 15 BTC during the week of Feb. 2 to 34 BTC. The week of Feb. 9 comprised the fourth strongest on record when measured in BTC.

Localbitcoins Trade Surges in Latin America and East Asia

Latin American Localbitcoins Markets Break Volume Records

The P2P markets of Latin America saw a dramatic spike in volume this past week, with several countries posting all-time high trade activity.

Localbitcoins trade between Peruvian sol (PEN) and BTC posted record volume when measured in both fiat and cryptocurrency, with 303 BTC or 3.56 million PEN (approximately 1.06 million) worth of trade taking place.

Localbitcoins Trade Surges in Latin America and East Asia

When measured in cryptocurrency, the week of Feb. 9 saw record trade between Colombian pesos (COP) and BTC on Localbitcoins, with 760 BTC changing hands. When measured in fiat currency, the week comprised the fifth strongest on record, with 7.63 billion COP (approximately $ 2.43 million).

Localbitcoins Trade Surges in Latin America and East Asia

Venezuela posted record volume when measured in both fiat and cryptocurrency for the second consecutive week, with 2,485 or 24.34 billion Venezuelan bolivares (approximately $ 8.90 million) worth of trade taking place.

Localbitcoins Trade Surges in Latin America and East Asia

Localbitcoins trade between Argentine pesos (ARS) and BTC posted its second strongest seven days of trade when measured in fiat currency this past week, with 8.43 million ARS (approximately $ 220,780) or 62 BTC worth of trade.

Localbitcoins Trade Surges in Latin America and East Asia

Do you think that the spike in P2P volume is a sign of improving or deteriorating market sentiment? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Coin.dance


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Localbitcoins Trade Surges in Latin America and East Asia appeared first on Bitcoin News.

Bitcoin News

TMZ

Asia Argento’s Accuser Jimmy Bennett Goes Silent, Sexual Assault Case on Ice

December 24, 2018 |

Jimmy Bennett has yet to file a police report against Asia Argento for allegedly sexually assaulting him when he was 17 and cops haven’t been able to reach him … so the case is on ice. Law enforcement sources tell TMZ … officers have tried…

TMZ.com

Stocks Drop Across Asia After U.S. Swoon

December 5, 2018 |

A tumble in U.S. stocks spilled into Asia, sending markets down by more than 1% in Australia, Hong Kong and Taiwan.
WSJ.com: What’s News Asia

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia

December 5, 2018 |

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia

The heavy selling pressure that has dominated the cryptocurrency markets in recent weeks has coincided with a surge in peer-to-peer (P2P) trade volume across the Localbitcoins markets in Asia and South America. Globally, higher trade activity over the past two weeks has also driven the strongest volume since September 2017, with roughly 12,116 BTC changing hands in the last seven days.

Also Read: Express Your Gratitude With Bitcoin.com’s New Smart Tip Generator

Venezuela

It appears that the popularity of BTC among Venezuelan citizens continues to grow exponentially, despite the introduction of the national cryptocurrency, the petro.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Venezuelan Localbitcoins Trade Measured in Fiat

This past week, the week of Dec. 1, the Venezuelan Localbitcoins market posted record weekly trade volume for the seventh time in nine weeks when measured in fiat currency, and the sixth time in the last nine weeks when measured in BTC.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Venezuelan Localbitcoins Trade Measured in BTC

Approximately 1,296 BTC has been traded over the past week, equating to 2.38 billion Venezuelan bolivars ($ 238.3 million) worth of BTC changing hands.

Colombia and Peru

The trade action of recent weeks has also seen P2P volume surge across other Latin American markets. Colombia and Peru, for example, have posted record BTC volume for two consecutive weeks.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Colombian Localbitcoins Trade Measured in BTC

Roughly 596 BTC changed hands in exchange for Colombian pesos (COP) last week, while 186 BTC was traded for Peruvian sol (PEN).

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Peruvian Localbitcoins Trade Measured in BTC

When measured in fiat currency, Colombian hit record volume during the week of Nov. 3, with 8.1 billion COP ($ 2.55 million) worth of BTC changing hands.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Colombian Localbitcoins Trade Measured in Fiat

Peru posted record fiat volume for the week of Oct. 20, with nearly 3.15 million PEN ($ 931,730) worth of BTC being traded.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Peruvian Localbitcoins Trade Measured in Fiat

Argentina and Chile

The Argentinian and Chilean P2P markets also posted record volume for the week of Nov. 10 when measuring in fiat, with 8.25 million Argentine pesos ($ 220,730) and 243.5 million Chilean pesos ($ 363,000) worth of BTC changing hands throughout the seven-day period.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Argentinian Localbitcoins Trade Measured in Fiat
P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Chilean Localbitcoins Trade Measured in Fiat

South Korea

A number of Asian P2P markets have also shown significant strength in recent weeks, with several markets posting the strongest trade seen in over 12 months, when measured in BTC. This past week, the South Korean P2P markets posted the sixth strongest volume on record with 74.3 million Korean won ($ 66,715) worth of BTC exchanging hands.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly South Korean Localbitcoins Trade Measured in Fiat

The week of Dec. 1 was also the strongest South Korean trade recorded since July 2017 when measured in BTC, with 16 BTC changing hands.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly South Korean Localbitcoins Trade Measured in BTC

Indonesia

During the week of Nov. 24, Indonesia posted its second largest volume for Localbitcoins trade when measured in fiat currency, with over 1 billion Indonesian rupiah ($ 69,475) worth of BTC changing hands.

P2P Markets Report: Dumping Drives Record Volume Spikes Across Latin America and Asia
Weekly Indonesian Localbitcoins Trade Measured in Fiat

The week was also the strongest Indonesian P2P trade to be posted since March 2017 when measured in BTC, with 16 BTC changing hands.

P2P Markets Report: Dumping Drives Record Volume Spikes Across Latin America and Asia
Weekly Indonesian Localbitcoins Trade Measured in BTC

India

The week of Nov. 24 also saw significant trade activity on India’s Localbitcoins market. It was the fourth strongest on record when measured in fiat, with roughly 122 million Indian rupees ($ 1.73 million) worth of trade.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Indian Localbitcoins Trade Measured in Fiat

The week was also the strongest since May 2017 when measured in BTC, with 296 BTC changing hands.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Indian Localbitcoins Trade Measured in BTC

Thailand

The week of Nov. 24 also saw the strongest trade between BTC and the Thai baht since September 2017 when measured in BTC, with 153 BTC changing hands.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Thai Localbitcoins Trade Measured in BTC

Kazakhstan

Trade in Kazakhstan surged during the week of Nov. 10, comprising the third strongest on record when measuring in fiat and the fourth strongest in BTC.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Kazakhstani Localbitcoins Trade Measured in Fiat

Roughly 36.7 million Kazakhstani tenge ($ 99,085) worth of BTC changed hands, equating to about 16 BTC worth of trade.

P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia
Weekly Kazakhstani Localbitcoins Trade Measured in BTC

Do you think that P2P trade throughout Latin American and Asia will continue to set new records for volume in the coming weeks? Share your prediction in the comments section below.


Images courtesy of Shutterstock, Coin.dance


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia appeared first on Bitcoin News.

Bitcoin News

Toys ‘R’ Us Gears Up for Holiday Sales—in Asia

November 25, 2018 |

Toys ‘R’ Us staff are filling shelves this holiday season at hundreds of stores across Asia, where the brand has been given new life after being sold off by the bankrupt American toy retailer.
WSJ.com: US Business

Stocks slip in Europe, Asia as U.S. markets take Thanksgiving off

November 22, 2018 |

U.S. equity futures dropped alongside European stocks on Thursday in a subdued day of trading thanks to the American Thanksgiving holiday. The pound jumped and the euro strengthened after Britain and the European Union had a breakthrough over the Brexit deal.

U.S. markets were closed for the holiday…


L.A. Times – Business

CNN

Netflix leans on India for its latest push into Asia

November 10, 2018 |

Netflix’s big push into Asia just got a whole lot bigger, and India is at the heart of it.
CNN.com – RSS Channel – World

CNN

Pakistani Christian Asia Bibi has death penalty conviction overturned

October 31, 2018 |

Pakistan’s Supreme Court has acquitted a Christian woman who has been on death row for almost eight years on blasphemy charges.
CNN.com – RSS Channel – World

Facebook, Google May Face Billions in New Taxes Across Asia, Latin America

October 29, 2018 |

Inspired by the EU, more governments across the world are contemplating a tax based on the revenue of foreign technology companies like Facebook and Google rather than their profit.
WSJ.com: What’s News Asia