Bitcoin Takes The Spotlight As Brazil And Argentina Mulls Creating A Common Currency

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Coinbase CEO Gets Flak for Suggesting Bitcoin as Common Currency in Brazil and Argentina

Coinbase CEO Brian Armstrong was criticized on Twitter for suggesting that Brazil and Argentina should consider bitcoin as a currency. The post Coinbase CEO Gets Flak for Suggesting Bitcoin as Common Currency in Brazil and Argentina appeared first on BeInCrypto.

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Should Argentina Offer Bitcoin Bonds to Follow El Salvador? 

JAN3 CEO Samson Mow argues that Argentina should offer Bitcoin bonds and transition to using Bitcoin as a legal currency. The post Should Argentina Offer Bitcoin Bonds to Follow El Salvador?  appeared first on BeInCrypto.

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Bitcoin, Ethereum, Other Coins Now Supported By Argentina’s Biggest Private Bank

Since 2019, the temperature in Argentina’s crypto ecosystem has been continuously rising, indicating a clear roadmap for mass adoption of bitcoin and other alternate assets. Argentina’s financial meltdown — marked by rising inflation, a falling currency, and a scarcity of available US dollars for investment — has actually benefited one sector: cryptocurrencies. Argentinians have been investing in […]

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Argentina’s Former President Macri Sees Ethereum As One Of The Most Innovative Technologies Of The 21st Century

Key Takeaways Argentina’s former president Mauricio Macri calls Ethereum “innovative” after meeting with Vitalik Buterin.   Argentina continues to embrace crypto amidst its currency and inflation troubles.

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President of Argentina open to Bitcoin and a CBDC, but central bank says no

Argentina’s president is open to the idea of central bank digital currency, but the country’s central bank head has rejected the idea.

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Argentina’s Central Bank Warns of ‘Significant Financial Losses’ from Crypto Investing

The people of Argentina are actually investing in crypto to hedge themselves against the devaluation of its fiat currency peso, which has lost 80% of its value in the past four years. The post Argentina’s Central Bank Warns of ‘Significant Financial Losses’ from Crypto Investing first appeared on BitcoinExchangeGuide.

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COINQVEST and Anclap introduce inflation free cryptocurrency payment processing for Argentina

CryptoNinjas » COINQVEST and Anclap introduce inflation free cryptocurrency payment processing for Argentina COINQVEST, a licensed virtual currency service built on the Stellar Network that allows merchants to accept, manage and disburse cryptocurrency payments, today announced its collaboration with Argentina-based Anclap, a Peso Argentino anchor and financial technology service provider, to bring blockchain-based and inflation-free payment processing to merchants and enterprises in Argentina.

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Argentina’s Peso Plunges After Central Bank Tightens Foreign Exchange Controls: Citizens Discuss Bitcoin Adoption

The Argentine peso plunged by more than 10% shortly after the country’s central bank announced measures to tighten controls on the movement of foreign currency. The peso, which is officially pegged at 72 for every USD, touched new lows of 145 to the greenback on the black market.

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Bitcoin Trading Volume Sets New Highs Across Latin America

Bitcoin trading activity in South America is still on the rise with Argentina and Venezuela seeing new weekly volume records. With the coronavirus pandemic exacerbating the economic situations in different countries, people are moving increasingly towards hard money assets like Bitcoin (BTC) to preserve wealth or escape currency debasement.

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As Countries Start to Spiral Into Monetary Crisis, Will the World Ultimately Turn to Bitcoin?

In the past week, several countries’ fiat currencies have spiraled out of control. Specifically, the Lebanese Pound and the Argentinian Peso have both faced a massive drop in currency values. The Argentina situation before the pandemic was pretty bad as the South American country had been in a three-year recession before the coronavirus struck. A few […]

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Argentine Pesos Smallest Unit Centavo Now Equals One Satoshi

Following in the footsteps of the Lebanese Lira, the Centavo – the smallest denomination of Argentina’s currency – is now approximately worth one satoshi or 1/100,000,000 of a bitcoin (BTC). One Centavo Equals One Satoshi, Almost The economic crisis in Argentina continues to worsen as according to a post on subreddit r/bitcoin by Argentinian Redditor,Read MoreRead More.

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How Bitcoin became the most sought currency in Argentina after USD crackdown?

Is Bitcoin another avenue that leads to Dollars and keeps inflation at bay? If so then, we'll welcome it. It was a way to beat the system - This was an excerpt from the essay by Mariano Conti the HeadThe post How Bitcoin became the most sought currency in Argentina after USD crackdown? appeared first on AMBCrypto.

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Argentinians Can No Longer Buy Bitcoin with Credit Cards Per Country’s Central Bank Notice

Cointelegraph reports that the fiscal regulator has taken drastic measures in order to protect the foreign exchange reserves of Argentina which has been under immense stress following months of high inflation rates which has led to the slump in the country’s currency, the peso.

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Argentine Central Bank Makes Case for Bitcoin with Latest Currency Restrictions

Faced with a rapidly-devaluing national currency and an economy in crisis, the Central Bank of Argentina has just announced harsh new restrictions on the amount of U. S. dollars the nation’s citizens can buy.

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Crypto Exchange to Open in Crisis-Stricken Argentina, Where Bitcoin is at an ATH

Huobi Group, the operators of one of the world’s largest crypto asset trading venues, has announced that it will launch a digital currency exchange in Argentina. The new platform is expected to go live in mid-October.

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Bitcoin price premiums surge in Argentina after President Macri’s capital control measures

The spot price of Bitcoin on the Malta-based Binance was recorded to be around $10,280, at press time. However, a potential trader in Argentina would not be able to buy BTC at the same value. President of Argentina, Mauricio Macri, recently announced that he would be reinstating strict restrictions on foreign currency acquisition, a step […] The post Bitcoin price premiums surge in Argentina after President Macri’s capital control measures appeared first on AMBCrypto.

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Satoshi Nakaboto: ‘Bitcoin explodes to $12,750 in Argentina after foreign currency purchases restricted’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.

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Bitcoin rockets to $2250 premium in Argentina after President Macri imposes capital controls

The Bitcoin price exploded in Argentina after President Mauricio Macri announced he would reinstate restrictions on foreign currency purchases. Bitcoin is trading at a $1,200 premium above spot price on Buenos Aires-based exchange Buenbit.

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Argentina Restricts Foreign Currency As Investors Race For The Exits

Argentina’s besieged Macri government has imposed new restrictions on foreign currency in a bid to shore up the Peso and stabilize the economy. The maneuver will do little to douse concerns of legacy government and institutional capacity to ably manage economies.

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Bitcoin Price Premium Surpasses $1,000 in Argentina amid Currency Controls

Argentina’s decision to impose currency controls has had a bullish effect on bitcoin in the South American country. With demand rising for the cryptocurrency, a bitcoin price premium has subsequently developed.

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Capital Controls in Argentina May Drive Bitcoin Adoption

When a government decides to restrict what people can do with their own money, there is usually some backlash. Argentina is doing exactly that to prevent capital flight as the local currency crashes.

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Argentina Imposes Capital Controls; Strong Case For Bitcoin Adoption

The government of Argentina has imposed capital controls on its citizens in a response to growing financial issues for the country. The South American country has limited dollar purchases to only $10k per month after $3 billion was drained out of their foreign currency reserves on Thursday and Friday alone.

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Is Bitcoin A Safe Haven? Ask China And Argentina

Nevermind the double-digit price swings. Despite the day-to-day roller coaster ride of crypto markets, spiking demand in China and Argentina point to a pivot point for the largest digital currency – from risky bet to safe store of value.

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Bitcoin Trading at a $1000 Premium in Argentina as Peso Plunges More Than 30%

Bitcoin is trading at a premium of about a thousand dollars on LocalBitcoins in Argentina after the currency of the country peso plunged more than 30% on Tuesday. The currency crisis and stock market chaos followed country’s center-right leader, president Mauricio Macri performing poorly in primary elections.

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Is Bitcoin an Option In Argentina as Stock Market Collapses

There have been a number of cases recently where people have flocked to bitcoin as their own economies face uncertainty. China, Britain and Venezuela are the prominent examples but now Argentina may be added to that list as their currency and stock markets crumble.

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Argentine Peso Tanks Hard, Could it be Bullish for Bitcoin?

Bitcoin, the world’s number one cryptocurrency by market capitalisation, has been championed by many as a suitable hedge against the often-reckless and self-serving economic policies of governments.

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Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos

Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs.

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Unlike Bitcoin, Argentina Prints Its Currency Without Limits – BTC Reaches ATH in Argentine Peso

Bitcoin (BTC) has hit an All-time High against the Argentine Peso, with 1 BTC worth about 394,000 Pesos –… The post Unlike Bitcoin, Argentina Prints Its Currency Without Limits – BTC Reaches ATH in Argentine Peso appeared first on Invest In Blockchain.

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Fundstrat’s Tom Lee: Devaluation of Fiat Currencies Causing Bitcoin On-Chain Volume to Take Off

We have already seen how the fiat currencies around the world, be it Argentina’s peso, Venezuelan Bolivar or Turkish Lira, are failing as a currency. Countries all over the world are being run over by rising inflation and dropping value of their money, along with slowing economy and political unrest. It isn’t surprising South America […]

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Bitcoin (BTC) Skyrocketing Against Argentine Peso as Top Cryptocurrency’s Inflation Model Prevails

Bitcoin continues to leave fiat currencies behind in the dust. Record-high inflation, a weakening currency, and slowing growth are beating Argentina like many other countries. This is where a peer-to-peer network of Bitcoin presents an alternative that is in limited supply and is deflationary.

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Bitcoin Price Watch: Currency Is Being Pushed in Argentina

At press time, the father of cryptocurrency is trading for just under $3,900. This is slightly less than where it stood this morning ($3,956), and even lower than where it was trading during our previous price article.

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Tim Draper is Trying to Convince Argentina to Make Bitcoin A National Currency

On his recent trip to Argentina, billionaire investor and Bitcoin advocate Tim Draper met personally with President Mauricio Macri. Draper presented a pretty bold idea to the Head of State. Make Bitcoin the national currency of Argentina.

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One Man’s Quest to Make Buenos Aires a Bitcoin City

A 19-year-old information engineering student in Buenos Aires, Argentina, has started a grassroots campaign to educate local businesses about accepting bitcoin as a payment method. First introduced to the cryptocurrency when he was 13, Leo is intent on seeing the vision of bitcoin becoming a mainstream transactional currency realized, and believes that homegrown actions as […] The post One Man’s Quest to Make Buenos Aires a Bitcoin City appeared first on Bitcoin News.

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Is Bitcoin (BTC) Becoming a Global Reserve Currency? Anthony Pompliano Thinks So

Bitcoin (BTC) is already becoming a global reserve currency as the sovereign nations of Argentina and Paraguay use Bitcoin… The post Is Bitcoin (BTC) Becoming a Global Reserve Currency? Anthony Pompliano Thinks So appeared first on Invest In Blockchain.

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Bitwage Service Adds Payroll Tax Payment Funding Options for U.S. Businesses

Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.

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This Year's G20 Put an Emphasis on Cryptocurrency Regulation

Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1.

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OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.

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Argentina, Venezuela, and Egypt Post Record P2P Bitcoin Trading Volumes

During October 2018, Bitcoin trading volumes on the peer-to-peer (P2P) platform LocalBitcoins reached peak levels in Argentina, Venezuela, and Egypt. Elsewhere, places like Croatia and Switzerland are at their lowest levels since the start of 2018.

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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.

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Argentina might be getting 150 Bitcoin ATMs by early 2019

Argentina is being eyed as prime territory for expansion by Bitcoin ATM manufacturers, which appear to be preying on the country’s vulnerable fiat currency. The South American nation could get 30 new fully operational Bitcoin ATMs by the end of this year, with expectations this number will increase to over 1,600 by the end of 2019, reports Reuters.

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In Argentina, Investors Flock to Safe-Haven Bitcoin

The economic crisis in Argentina is driving investors to buy Bitcoin in order to protect their wealth, pushing the cryptocurrency’s price higher in-turn. In parallel, to satisfy the increasing demand, the first of 12 Bitcoin ATMs has already begun to operate in a Buenos Aires mall.

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Emerging Markets Create Illusion of Bitcoin as a Global Currency

Many investors hoped Bitcoin’s price would rally as pressure increases on emerging market currencies like the Turkish Lira. Instead, Bitcoin is following the downward trend of these currencies. Economist Panos Mourdoukoutas, writing for Forbes, describes the prospect of Bitcoin replacing national currencies as a myth.

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How Bitcoin and Blockchain Assets can Benefit from Global Fiat Currency Crisis

As Fiat Currency Reaches Worldwide Crisis, It Might Be The Time For Bitcoin To Prosper We all think that fiat is stable until it's not. We don’t even need to go that far in history. Zimbabwe, Venezuela, Iran, Turkey, and Argentina are all proofs that nationalized currency is only as strong as the government's decisions. […]

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Argentina Central Bank Looks For Crypto & Blockchain Education Via Books

Argentina’s Central Bank’s Interesting In “Mastering Bitcoin” Growing As Peso Is Depreciated By Rising Inflation Argentina is currently facing a big economic crisis as the country’s national fiat currency, the Peso, has hit a record low price against the USD and the inflation in the country is rising a lot recently. Not only people, but […]

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“Economic Sovereignty” Through Bitcoin: Max Keiser and Stacy Herbert

When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong.

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