Bitcoin 

Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys

Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed. As monitoring resource Coin Dance confirmed on Nov. 10, the seven days ending Saturday saw more trading against BTC than ever before in both Venezuela and Argentina.  Argentina: central bank accidentally increases Bitcoin popularity Venezuela Localbitcoins weekly trading history. Source: Coin Dance Argentina Localbitcoins weekly trading history. Source: Coin Dance The statistics cover peer-to-peer platform Localbitcoins, which despite increasing user identification demands continues to see patronage in the…

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Bitcoin 

Bitcoin Trading Spikes as Argentina Bans Buying More Than $200 a Month

Argentina is back on the radar for Bitcoin (BTC) proponents after sudden capital controls cut U.S. dollar purchasing power by 98%. Central bank: $200 limit “temporary” As news outlets reported, including Cointelegraph Brasil on Oct. 28, the country’s central bank has opted to reduce the amount of dollars a saver can purchase each month from $10,000 to just $200.  A drop of 98%, the stringent new rules appeared on Sunday, the day voters elected a new president. The previous $10,000 limit itself came into being as a result of capital…

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Bitcoin 

‘Buy Bitcoin’ Says Exert as Argentina Imposes $10K Limit for Citizens

Argentina has reimposed capital controls, limiting citizens’ and businesses’ freedom to buy foreign currency. As Bloomberg reported on Sep. 1, the increasingly troubled South American nation took the step as the Argentine peso (ARS) suffers overwhelming losses against major fiat currencies such as the U.S. dollar. Argentina puts $10K limit on dollar access Argentina has shown an affinity for Bitcoin (BTC) in recent times, with trade volumes accelerating as uncertainty around the economy grew. Last month, a premium appeared on the country’s cryptocurrency exchanges. Now, access to hard currency is…

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Bitcoin 

Bitcoin Sees 4% Premium in Argentina as Peso Plummets 30%

Bitcoin (BTC) continues to trade at a premium in Argentina after a sharp currency devaluation sent investors running for a safe haven.  Argentine peso plunges 30% Data from local cryptocurrency exchange Buenbit put Bitcoin trading around $11,750 at press time Aug. 13, compared to around $11,330 on major global exchanges. When a shock defeat of incumbent president Mauricio Macri in the primary elections sparked the rout in the Argentine peso (ARS) on Monday, the Bitcoin premium was higher, implied BTC/USD passing $12,300 on Buenbit.  In USD terms, the peso’s collapse…

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Ethereum 

Argentina Drives Global LocalBitcoins Volume to Highest Since November

Trading volume on Finnish peer-to-peer (P2P) bitcoin (BTC) exchange Localbitcoins hit a high not seen since November 2018, reveals data shown on cryptocurrency analytics website CoinDance. According to data from CoinDance, LocalBitcoins global weekly bitcoin trading volume hit $65.6 million in the week ending on Sunday, July 7. This is the highest level since November last year when the weekly trading volume of the platform hit $67.7 million in the week ending on Sunday, November 24, 2018. LocalBitcoins Global Weekly Trading Volume | Courtesy of CoinDance In some countries, last…

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Bitcoin 

Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9. The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange. Zhao’s comment contained in the tweet apparently suggested that Binance has plans to establish a fiat-to-cryptocurrency exchange in…

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Bitcoin 

Argentina Settles Export Deal With Paraguay Using Bitcoin

Argentina has settled an export deal with Paraguay in Bitcoin (BTC), Cointelegraph en Español reported on Thursday, Feb. 14. In a reported first for both countries, Paraguay has bought pesticides and fumigation products  worth $7,100 from Argentina, using cryptocurrency to settle the deal. The purchase was paid for in BTC and then converted into Argentine peso to settle accounts with the exporter of the agricultural chemicals. To proceed with the payments, Argentina applied to Bitex — a Latin American financial services provider that supports Bitcoin payments. According to the chief…

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