Bitwala Launches Mobile App for Bitcoin Banking

Bitwala, a blockchain banking service based in Germany, has launched a mobile application that lets users open a German bank account with an integrated bitcoin wallet on their smartphones. “Berlin-based Bitwala enables customers in more than 30 European countries to buy, sell, and store bitcoin,” according to a press release shared with Bitcoin Magazine. “The…

LocalBitcoins’ New KYC Rules Raise Privacy Concerns

Beginning September 1, 2019, legacy peer-to-peer bitcoin exchange LocalBitcoins will extend its know-your-customer/anti-money laundering (KYC/AML) requirements and, as a consequence, limit user ability to retain privacy. According to an official blog post published on June 18, 2019, the exchange has teamed up with identity verification technology provider Onfido, and a new account tier system will…

Infographic: Bitcoin’s Market Cap in Perspective

Bitcoin has always been the leading cryptocurrency in market capitalization — the total value of its circulating supply in dollars — by a wide margin. But how does bitcoin’s market cap compare to the rest of the world’s markets and assets? As this infographic illustrates, bitcoin’s market cap is dwarfed by traditional asset classes. It…

A Conversation With Crypto.com and Salt Lending

Bitcoin Magazine Bitcoin Magazine’s articles are written by a paid staff of full-time, part-time and freelance journalists with a passion for Bitcoin. Our writers adhere to a strict code of journalistic standards and ethics, and do not accept payment from third-party sources for coverage. Bitcoin Magazine also accepts articles from guest contributors from the Bitcoin…