Record Archives -
Kylie Jenner is known as a reality TV star and a model. But the Keeping Up With the Kardashians star is, at, 20, also an extremely successful businesswoman and is on course to become the youngest self-made billionaire ever, reports Forbes , which estimates her current fortune at $ 900 million. Most…
Searches continued Sunday night for victims of heavy rainfall that hammered southern Japan for the third straight day, killing dozens and forcing 2 million to flee their homes, the AP and CNN report. Death tolls vary between around 50 and 85, while the Japanese broadcaster NHK says at least 58…
People are crowding into U.S. airports at near record levels, leaving airport managers worried that the country’s facilities won’t be able to handle much more of the ever-growing demand for air travel.
On June 29 — the Friday before the Independence Day holiday — the Transportation Security Administration…
Southern California home prices rose 8.2% in May from a year earlier, sending the median to another all-time high of $ 530,000, according to a report released Thursday from CoreLogic.
The sharp gain in the median price came as the number of sales across the six-county region fell 3.4% from a year…
Stocks are closing mixed as technology companies and retailers rise, and the S&P 500 is ending at a four-month high, the AP reports. Twitter climbed 5% Tuesday and Dollar Tree gained 3%. However energy companies and banks took losses. A federal judge is expected to rule shortly on whether AT&T…
In recent weeks, the peer-to-peer (P2P) bitcoin markets of several Latin American markets have produced record-breaking volume, with the Localbitcoins markets of Chile, Peru, and Venezuela producing all-time highs for trade volume in recent weeks when measured in local fiat currencies. The Canadian markets have also produced a dramatic spike in volume – recently setting new all-time highs for the number of bitcoins traded for CAD on Localbitcoins.
Peruvian P2P Markets Post Record Trade Volume
In recent weeks, the Localbitcoins markets of several South American countries have produced record-breaking volume, according to Coin.dance data.
The Peruvian P2P markets have produced all-time highs for Localbitcoins trade volume when measuring in both in fiat currency and bitcoin. The last two weeks have comprised the two highest volume weeks in the history of the Peruvian P2P bitcoin markets.
During the week of the 26th of May, Peru’s Localbitcoins market broke its previous all-time volume high of 80 BTC (dated from December 2015) after producing 106 BTC worth of trade in a single week. The markets then produced 88 BTC worth of trade during the following week of the 2nd of June.
When measuring against fiat currency, the week of the 26th of May saw $ 2.7 million PEN worth of trade (approximately 830,000 USD).
Volume Surges Across Latin American P2P Bitcoin Markets
Chile’s Localbitcoins markets produced a new all-time high for trade volume when paired against fiat currency. The first week of May saw nearly $ 234.4 million Chilean Pesos (roughly $ 370,000 USD) worth of BTC exchange hands via Localbitcoins.
The Venezuelan Localbitcoins markets have set a new all-time high for the fiat-value of weekly trading activities for the 12th time in 14 weeks. However, the continual establishment of new volume records is a testament to the intensity of Venezuela’s hyperinflation, as opposed to being indicative of a sudden significant spike in Venezuelan demand for bitcoin.
During the week of the 2nd of June, approximately $ 6.9 trillion bolivars (roughly $ 3.75 million USD) worth of trade took place in the P2P markets of Venezuela with, however, 529 BTC worth of trade – making it the thirteenth strongest volume in the history of the markets when measuring the total number of bitcoin that changed hands.
Canada Sets New P2P Volume Records in Fiat and BTC
For the week of the 19th of May, the Canadian Localbitcoins markets suddenly spiked to produce new all-time highs for weekly trade volume when measured against both BTC and fiat-currency.
Canada’s P2P markets produced $ 12.13 million CAD (approximately $ 9.33 million USD) worth of trade in a single week, dwarfing the previous record of $ 8 million CAD.
When measuring trade in BTC, the Canadian Localbitcoins markets also smashed its previous record of 909 BTC with 1,265 BTC worth of trade.
Do you think that the Latin American P2P markets can continue to rally? Share your thoughts in the comments section below!
Images courtesy of Shuttestock, Coin.dance
Why not keep track of the price with one of Bitcoin.com’s widget services.
The post P2P Markets Round-Up: Record Volume Across Canadian and Latin American Markets appeared first on Bitcoin News.
One of America’s most acclaimed musical artists has a new record coming out more than 50 years after he died, the New York Times reports. The newly revived label Impulse! says it will release Both Directions at Once: The Lost Album by the John Coltrane Quartet, a 1963 recording that…
Stocks are finishing mostly higher as retailers and technology companies continue to rise, the AP reports. Macy’s climbed 8% Tuesday and eBay rose 2.5%. That helped cancel out losses for banks, which fell with interest rates. Citigroup fell 0.9%. Starbucks fell 2.4% after announcing that Howard Schulz…
Ben Lecomte has set off from Japan in an effort to swim to California, undaunted by sharks, low temperatures, fierce weather, a gigantic garbage patch—and the fact that nobody has even swum across the Pacific before. But the 51-year-old Frenchman has the right experience to attempt the record-breaking open-water…