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Tag Archives: argentina

Argentina’s Central Bank to Ban Local Institutions From Providing Crypto Services

The Central Bank of the Argentine Republic (BCRA) prohibited domestic financial institutions from facilitating crypto opportunities. The announcement comes a few days after two of the largest local banks – Banco Galicia and Brubank – revealed they will allow clients to purchase digital assets via their official websites. Argentina’s Central Bank Blocks the Crypto Offerings Earlier this week, the largest private bank in Argentina in terms of market value – Banco Galicia – and...

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Argentina and Bitcoin: A Perfect Match?

Argentina has long been marred by a battered economy and corrupt politicians. Many remember a time in the early 90s when these politicians froze everybody’s bank accounts overnight, and many people saw the quick evaporation of their savings. Argentina Works to Obtain BTC Jeronimo Ferrer doesn’t want anything like that happening again – not to him or any member of his family or community. As a result, he’s been running a walking tour he calls “Our Local Crazy Economy and...

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Two Argentinian Banks to Reportedly Launch Crypto Trading Services

Two banks in Argentina will be allowing their clients to purchase cryptocurrencies via their official websites. The pair are Banco Galicia – the nation’s largest private bank in terms of market value, and Brubank – a fully digital bank. The two entities have partnered with the crypto wallet Lirium for the new service, which will reportedly be available to clients on Monday. For Banco Galicia, the feature will first be available to customers whose salaries are directly...

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Mercado Libre Made a Strategic Investment in Paxos and Mercado Bitcoin

The largest e-commerce firm in Latin America – Mercado Libre – acquired shares in the 2TM Group (a parent company of the cryptocurrency platform Mercado Bitcoin). Separately, it made a “strategic investment” in another digital asset-oriented organization Paxos. Jumping into Crypto Once Again The leading Argentinean e-commerce platform Mercado Libre, which has displayed a pro-crypto stance during the last several months, continues to support the industry. The company recently...

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Bybit Becomes The Global Main Sponsor of Argentina’s National Soccer Team

The Argentine Football Association (AFA) revealed that Bybit will serve as its Global Main Sponsor for all selections in the next two years. Thus, the cryptocurrency trading platform put its name next to well-known corporations such as Adidas, Nissan, and Coca-Cola, which are also official sponsors of Argentina’s national soccer team. Bybit’s Logo on Messi’s Training Clothes The new partnership will allow Bybit to have maximum visibility in all AFA assets, according to the...

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Bitcoin Mining Soars in Argentina Amid Cheap, Subsidized Energy

BTC miners in Argentina are thriving by taking advantage of cheap, subsidized energy. Countries with low utility rates have been great spots for crypto miners, and the resurgence of capital controls is boosting profits for miners in Argentina. The news was first reported by Bloomberg, later republished in the Buenos Aires Times. Miners Taking Advantage of Cheap Electricity  Experts like Nicolás Bourbon, a crypto-miner in Argentina, have said this is an opportunity to take...

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South America’s Largest E-Commerce Company Adds $7.8M Worth of Bitcoin to its Balance Sheet

Mercado Libre – the leading fintech and e-commerce company in Argentina – has joined other large corporations in holding BTC on its balance sheet. The institution revealed it purchased $7.8M worth of the cryptocurrency. Another Company to Buy BTC Purchasing the primary cryptocurrency and adding it to their balance sheets seems like a growing trend for many of the world’s largest companies lately. As revealed earlier this year, the electric vehicle giant Tesla, the payment...

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Large US Food Chain Restaurants to Enable Bitcoin Payments

The number of companies and organizations accepting bitcoin and other crypto assets as payment instruments continues to grow. The latest coming from the US are from the food industry – Muscle Maker Grill and numerous chain restaurants operated by one parent company – Landry’s. Buy Food With Bitcoin Founded in 1980, Landry’s Inc. is privately-owned multi-brand dining, hospitality, entertainment, and gaming corporation operating multiple smaller companies. During a recent CNBC...

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4 Countries Where Bitcoin Searches Hit ATH In Early 2021

With BTC’s price exploding to new highs, the asset’s popularity has grown globally. Google searches for Bitcoin have reached ATH records in several countries, including Chile, Nigeria, Argentina, and Colombia. Interestingly, the trading volumes from most of these nations have also increased lately.Google Searches of BTC To New ATHs In Several CountriesAlthough the worldwide Google searches for the primary cryptocurrency failed to hit a new all-time high amid BTC’s price record of $42,000,...

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Argentina Is in a Fight with a Bitcoin Ransomware Group

We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina.Argentina Doesn’t Want to Give Up Its BitcoinRecently, the South American country had a little problem with cyberhackers. The country’s national migration agency was...

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