P2P Marketplace LocalBitcoins Shuts Down After A Decade – February 9

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$22,486

Bitcoin price has slumped back to the mid $22,000s range, as price fails to hold its new support at $23,000.

Top-20 altcoins have also taken a step back, as Ether drops 2%, BNB falls 3% and Shiba Inu is the biggest loser with a 5% decline.

Top Stories for February 9, 2022 🔥

👉 P2P Marketplace LocalBitcoins Shuts Down After A Decade

Peer-to-peer (P2P) Bitcoin marketplace LocalBitcoins is shutting down after ten years of operation.

Despite efforts to survive the current crypto-winter, the platform has decided to end its bitcoin trading services. LocalBitcoins allowed users to buy and sell bitcoin directly with others, both in person and online, and originally did not require KYC information.

New sign-ups have been suspended and trading and use of its wallet will be suspended on February 16, with customers given 12 months to withdraw their funds from the platform.

👉 Aave Stablecoin GHO Deployed On Ethereum Testnet

Leading decentralized finance protocol, Aave, has deployed its new stablecoin GHO on Ethereum’s Goerli testnet.

The deployment will allow developers and potential adopters to test GHO’s functionality before its public release on the Ethereum blockchain, which is subject to community discussion and approval.

The deployment of GHO has been highly anticipated by DeFi users since its development was overwhelmingly supported by the community in a governance vote last August.

👉 Kraken Exchange Faces SEC Probe Over “Securities Violations”

Prominent crypto exchange Kraken is reportedly being probed by the US Securities and Exchange Commission (SEC) over whether is has violated securities laws.

A Bloomberg report says that the probe relates to offerings made by Kraken to US clients, with the probe already at an advanced stage. It is not yet clear which offerings are under scrutiny by the SEC.