Latest P2P News

  • How the Tokenization of the Gaming Industry Empowers Players
    How the Tokenization of the Gaming Industry Empowers Players
    Blockchain tech implementation into the gaming industry could seriously disrupt its closed investment ecosystem. Amid the COVID-19 pandemic, one thing is clear: The video games industry is thriving.
  • Decentralized File Sharing, Explained
    Decentralized File Sharing, Explained
    What is decentralized file sharing, how does it work, and what are the main benefits of a peer-to-peer sharing model? Are there decentralized file sharing use cases already in operation? Two examples where IPFS has been used are with Wikipedia and the Android version of the Opera browser.
  • Unstoppable Domains Launches Decentralized Chat Protocol
    Unstoppable Domains Launches Decentralized Chat Protocol
    Unstoppable Domains’ new chat protocol enables users to store data on their own servers through crypto wallets and P2P network integration. Unstoppable Domains, a Tim Draper-backed startup focused on blockchain-based uncensorable websites, has launched a decentralized chat protocol. The so-called “Unstoppable Chat”, or simply “dChat” aims to promote confidentiality through a peer-to-peer network and end-to-end encryption.
  • Biggest Corporations Sceptical of Introducing Crypto Payment Option
    Biggest Corporations Sceptical of Introducing Crypto Payment Option
    Are traditional business enterprises ready to embrace a blockchain-based payments network? Maybe not, according to two research reports. The news that PayPal, the payments giant with 325 million active user accounts worldwide, was considering the direct sale of crypto assets — along with custodial services — had the crypto community buzzing last week, even if the reports couldn’t be verified.
  • LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share
    LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share
    LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform's KYC overhaul impacting trade volume on the platform. Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019. The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm also noted a 6% drop in annual operating income to $19.8 million. LocalBitcoins’ staff also expanded significantly last year as the platform strengthened its know-your-customer (KYC) requirements in the third and fourth quarters of last year, with the firm’s headcount increasing from 26 to 43. LocalBitcoins stifles illicit activity “2019 was an invaluable learning experience for us, as we implemented anti-money laundering and know-your-customer (KYC) regulations," said LocalBitcoins chief executive Sebastian Sonntag.  "As expected, undesired activity was driven away from the platform and the implementation of KYC itself was a challenging process.
  • Cointelegraph Talks Recap: Blockchain Giving Power to the LGBTQ+ People
    Cointelegraph Talks Recap: Blockchain Giving Power to the LGBTQ+ People
    Seven experts from different institutions and organizations discussed topics relating to diversity, inclusion, challenges and opportunities for LGBTQ+ with Cointelegraph. Yesterday, Cointelegraph hosted another episode of “CT Talks,” dedicated to Pride Month and addressing important questions on diversity, inclusion, stigmatization, acceptance, challenges and opportunities for the LGBTQ+ community in the crypto and blockchain space. For many people — mostly heterosexuals — the terms “blockchain” and “LGBTQ+” used so close together might seem irrelevant.
  • Russia: Bitcoin Activity Rising Despite Strict Law Proposals
    Russia: Bitcoin Activity Rising Despite Strict Law Proposals
    As Russia draws up new strict cryptocurrency legislation, P2P Bitcoin exchanges and crypto trades in the country rise significantly. A branch of the Russian federal government has recently published a draft of new litigation called “On Digital Financial Assets,” which is focused on enforcing strict cryptocurrency laws in the country.
  • American Pundi X Merchants Can Now Sell Crypto Via PayPal
    American Pundi X Merchants Can Now Sell Crypto Via PayPal
    As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices. Singapore-based blockchain firm Pundi X has integrated PayPal support for its point-of-sale device ‘Xpos.’  PayPal is the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries can now accept funds via the payments processor. The integration will take place over two stages, with US-based merchants who use Xpos able to apply for PayPay-based keyed transactions from July 1. A PayPal app is expected to be integrated onto all Xpos devices within two weeks — completing the roll-out. 70% of Xpos users request Paypal support Pundi X decided to launch the integration after conducting a Twitter poll asking followers which mobile payment app they would like Xpos to support first. PayPal received almost 70% of votes, beating out WeChat Pay, Alipay, and GoPay, among others. The integration brings credit card payments to Pundi X’s point-of-sale system, and allows cryptocurrencies to be purchased via PayPal from supporting Xpos merchants. Pundi X chief executive and co-founder Zac Cheah emphasized that integrations with leading global firms such as PayPal will help drive adoption blockchain-based services and products outside of the crypto community: “To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream." PayPal loves crypto all of a sudden After shunning cryptocurrencies for a decade, recent job listings for blockchain engineers responsible for “new initiatives” at PayPal global appear to support rumours it will soon offer cryptocurrency sales to users.  PayPal payments are only supported by a handful of crypto exchanges, such as peer-to-peer marketplaces Localbitcoins and Paxful. Last week, KuCoin’s P2P
  • The Future of Peer-to-Peer Online Learning Amid the COVID-19 Pandemic
    The Future of Peer-to-Peer Online Learning Amid the COVID-19 Pandemic
    The coronavirus pandemic has shown the need for new innovative ideas in the delivery of education, and blockchain has a solution. The coronavirus pandemic is transforming the education sector as much as it is transforming various important aspects of our lives.
  • LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%
    LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%
    LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019. LocalBitcoins, a major peer-to-peer (P2P) cryptocurrency exchange, has purportedly managed to significantly cut the amount of criminal funds on its platform in 2020. The P2P platform has seen a decline of over 70% in transactions from darknet markets between September 2019 and May 2020, LocalBitcoins claims. Jukka Blomberg, chief marketing officer at LocalBitcoins, told Cointelegraph that the drop comes in response to Anti-Money Laundering and Know Your Customer regulations adopted by the platform in September 2019. The calculations are based on blockchain analysis by major crypto analytics firm Elliptic as well as LocalBitcoins’ own “clustering tools,” the firm said. The drop is still notable despite Bitcoin trading collapse in 2019 A 70% drop in darknet-associated transactions might appear insignificant as LocalBitcoins experienced a massive decline in the amount of traded Bitcoin (BTC) in 2019.
  • Bitfinex Launches Open-Source Crypto-Powered Streaming Protocol
    Bitfinex Launches Open-Source Crypto-Powered Streaming Protocol
    Bitfinex has uploaded the code for a crypto-powered open-source P2P data streaming protocol to GitHub. Veteran cryptocurrency exchange Bitfinex has announced an open-source peer-to-peer data streaming platform that will allow users to share media across a decentralized network. The code for Bitfinex's "Dazaar" protocol has been uploaded to GitHub, describing a decentralized network in which distributed node operators store the information shared among users. In an announcement, Bitfinex states that the platform’s creation was motivated by the increasing reliance on centralized platforms such as search engines, social media, and messaging apps to facilitate the sharing of data and media. Bitfinex open-sources P2P streaming protocol Bitfinex describes the Dazaar platform as a crypto-powered protocol for monetized data streaming. The platform was developed as an extension to the Massachusetts Institute of Technology-licensed Hypercore Protocol — a “distributed append-only log” characterized as comprising a “lightweight blockchain crossed with BitTorrent.” Buyers and sellers connect over the platform via a cryptographic identifier or "Dazaar Card," with sellers able to purchase streams using crypto assets or credit cards. The protocol also features a live-streaming desktop application that allows sellers to manage subscriptions and broadcasts. Crypto-powered streaming platforms compete Dazaar’s announcement comes amid increasing competition between crypto streaming platforms.  In May, Cointelegraph reported that the crypto-powered Esports streaming app Theta.tv would be integrated onto 75 million Samsung devices worldwide.