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| October 16, 2018

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California gained 44,800 jobs in August; unemployment holds at record low

September 22, 2018 |

The California economy barreled forward in August as employers added 44,800 net jobs and the unemployment rate held at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department.

Wages grew but barely enough to top the increase in consumer prices.

All…


L.A. Times – Business

Dow Closes at Another Record High

September 22, 2018 |

Stocks are closing mixed on Wall Street even as the Dow Jones Industrial Average crept up to another all-time high, per the AP . The Dow rose 86 points to 26,743, thanks largely to big gains in Boeing and McDonald’s, while the S&P 500 index slipped 1 point to 2,…
Newser

Dow, S&P 500 Close at Record Highs

September 20, 2018 |

The Dow Jones Industrial Average closed at a record high , beating the mark it set in January, the AP reports. The S&P 500, a benchmark for many index funds, also beat the all-time high it set last month. Big technology companies led the charge on Wall Street Thursday as Facebook…
Newser

Stocks rise, lifting the Dow and S&P 500 to record highs

September 20, 2018 |

An early wave of buying sent U.S. stocks solidly higher on Wall Street on Thursday, pushing the Dow Jones industrial average above the all-time high it closed at in January.

The Standard & Poor’s 500 index, the benchmark for many index funds, was also above the all-time peak it reached last month….


L.A. Times – Business

Marathon’s World Record Has Been Shattered

September 16, 2018 |

Eliud Kipchoge has an Olympic gold medal in the marathon, and has clocked the fastest recorded time of 26.2 miles in an unratified race, but now he holds the official world record—and by quite a bit, coming in at 2 hours, 1 minute, 39 seconds in Sunday’s Berlin…
Newser

Snap stock drops to record low after analyst gets ‘tired of watching Snapchat decline from the sidelines’

September 12, 2018 |

BTIG analyst Richard Greenfield said in a new note that he’s “tired of watching Snapchat decline from the sidelines” and that it’s now time to sell the stock. His price target is $ 5, which would represent a roughly 50% decline from Tuesday’s close of $ 9.89.

Shares of Snap fell as much as 8.7% to…


L.A. Times – Business

P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade Volume

September 11, 2018 |

P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade Volume

According to Coin.dance, the first week of September has comprised the weakest on record for global peer-to-peer (P2P) trade volume on Localbitcoins. The considerable lull in trading activity appears to have pervaded across the vast majority of Localbitcoins markets, with only half a dozen national markets posting volume that is comparable to the trading activity experienced in recent weeks.

Also Read: How to Buy Bitcoin Without Disclosing Your Identity

Record Drop in Number of BTC Traded on Localbitcoins

Coin.dance data claims that only 864 BTC were traded during the week of the 8th of September on Localbitcoins – the lowest on record in the five and a half years in which the company has been compiling data when measuring in BTC.

P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade Volume
Global Localbitcoins Weekly Trade Volume (BTC)

Until now, the lowest week recorded by Coin.dance had been the first in which it began publishing data for Localbitcoins trade volume – which saw 1,995 BTC exchange hands during the week of the 16th of March, 2013.

P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade Volume
Global Localbitcoins Weekly Trade Volume (USD)

When measuring in USD, the week of the 8th of September comprises the weakest seven days of trading on Localbitcoins since the 31st of January, 2015 – which saw $ 5.871 million worth of BTC change hands, then equating to 24,785 BTC worth of trade.

Most Major Localbitcoins Markets Post Dramatic Decline in Trade Volume

P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade VolumeIf the current data is accurate, the majority of national Localbitcoins markets saw a drastic decline in the number BTC traded during this past week.

Of the 48 fiat currencies traded on Localbitcoins that are tracked by coin.dance, only 6 P2P markets – those of Croatia, the Czech Republic, Iran, Morocco, Poland, and Venezuela – have posted volume trade volume for the 8th of September, 2018 that is comparable to the volume of recent weeks.

Transversely, the Localbitcoins markets of Argentina, Australia, Brazil, Canada, Chile, China, Colombia, Denmark, Dominican Republic, Egypt, Europe, Hong Kong, Hungary, India, Indonesia, Japan, Kazakhstan, Kenya, Malaysia, Mexico, New Zealand, Nigeria, Norway, Pakistan, Peru, Philippines, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sweden, Switzerland, Tanzania, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, USA, and Vietnam all appear to have experienced dramatic declines in P2P trade volume.

What is your response to the decline in BTC trading activity on Localbitcoins? 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 P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade Volume appeared first on Bitcoin News.

Bitcoin News

Southern California home prices climb 5.8% from a year earlier but slip from June’s record high

September 3, 2018 |

The Southern California median home price slipped in July from June’s record high, but it was still up 5.8% from July 2017, according to data released Thursday by real estate firm CoreLogic.

The report showed that last month’s median price — the point at which half the homes sold for more and half…


L.A. Times – Business