Chinese traders choose LocalBitcoins as an alternative

Due to the tightening of state regulation in China, the Chinese traders choose LocalBitcoins as an alternative
19 September 2017   744

It’s been quite a tough time for the cryptocurrency community due to the whole China-against-Bitcoin thing, as a result of which the top cryptocurrency price has fallen.

Thus, due to the significant tightening of the state regulation of the cryptocurrency industry, a lot of Chinese traders switch to the popular p2p platform LocalBitcoins, according to the data provided by the analytical service

LocalBitcoins volume on LocalBitcoins volume on

As shown, the weekly trading volume on the platform was 74.8 million yuan, more than double of the value of a week ago (32.4 million yuan, September 9th, 2017).

It seems that such a the rapid growth in trading volume on the LocalBitcoins p2p platform is also largely due to the closure of the popular platform BitKan.

HTMLCoin swap process comes to an end

On March 27 HTMLCoin finalizes the swap procedure of old HTML5Coin into HTMLCoin at a rate 3:1 and thus the migration to a new blockchain will be officially completed
21 March 2018   30

In full accordance with the swap schedule, March 27 marks the end of the swap procedure of the old HTML5Coin token into new HTMLCoin token. This final stage of the swap that lasted roughly 14 days is considered to be late stage and thus the rate is 3 (old) : 1 (new).

A special web form was prepared so that the users could fill it out and perform the swat themselves (therefore it was called 'Self-swap service'). The users can use this form for both the HTML5Coin wallet addresses and YoBIT exchange withdrawal code called 'Yobit code'. The HTMLCoin team warns that sometimes the YoBIT exchange withdrawal function may not work and recommends repeating the procedure later or contact HTMLCoin support for help with the withdrawal.

The actual swap are going to be handled on Saturday, March 31. The official end date of the swap procedure is set on March 28. This swap is due to the migration of HTMLCoin to a new blockchain with new features for freelancers and segregated minorities (e-learning programs, job hunting and connections, freelance mobile app). These rich features all aim to empower freelancers and vulnerable communities to new bold opportunities, learn new skills and apply them immediately. Freelancers-Business platform is set to connect companies and freelancers to help adopt these innovative concept.

As of the moment of publication, the HTMLCoin market indicators are as follows:

Average price: $0.000541

Market cap: $35,579,234

Volume (24h): $70,079