Tag Archives: argentina

Two significant NetWalker ransomware attacks have surfaced in the past week. After Argentina’s official immigration agency suffered a hack demanding $4 million in Bitcoin, a recent report revealed that Pakistan’s largest power producer was compromised. The perpetrators demand up to $7.7 million in BTC.$7.7M In BTC Demanded From Pakistan Power ProducerThe cybersecurity website Bleeping Computer reported earlier that the sole electricity provider for Karachi, Pakistan, namely K-Electric, has...

With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset.Argentina’s Economy Following The COVID-19 LockdownsThe South American country had been suffering even before the government initiated extreme measures in an attempt to fight the expanding COVID-19 pandemic threat. Argentina...

Several cryptocurrency proponents on Twitter have reported that the largest telecommunications company in Argentina called Telecom has become a victim of a ransomware attack. Despite being unknown so far, the perpetrators have demanded a $7.5 million ransom to be paid with the privacy coin – Monero (XMR).Telecom Hacked For Monero?Founded in 1990, Telecom has become the largest telecommunication firm in Argentina. According to popular cryptocurrency analyst and proponent, Alex Kruger, and a...

As the economic turmoil in Argentina continues to harm citizens and devaluate the peso, it appears that residents are turning to Bitcoin, instead. Recent data revealed that Argentinians are consistently increasing their purchases of the primary cryptocurrency.Argentinians Buy BitcoinArgentinians are spending more and more pesos on buying Bitcoin, indicated new information provided by the cryptocurrency analysis resource, Arcane Research. More specifically, the weekly volume on LocalBitcoins...

The Central Bank of Argentina, BCRA, has joined a pilot scheme that will see RSK’s blockchain technology used to create a decentralized system for overseeing account debit claims. The project was given the go-ahead by the 2019 Financial Innovation Roundtable, of which BCRA is a member, as well as several other banks including Banco de la Provincia de Córdoba, Banco Santander, and BBVA. The latter two banks are part of the Blockchain Group, which includes Grupo Sabra and RSK parent company...

IOV Labs announced the successful launch of a blockchain network focused on Argentina’s natural gas distribution ecosystem. Dubbed Gasnet, the system is powered by RSK smart contracts. It aims to connect local natural gas distributors, their service providers, and Argentina’s natural gas regulator – Enargas.Blockchain Platform Gasnet To Operate Natural Gas DistributionIn a press release shared with CryptoPotato, IOV Labs announced its newest blockchain-based project. Gasnet will use the...

One of the world’s largest cryptocurrency exchanges, Huobi, is adding a new service for its Argentinian branch. Dubbed Huobi Argentina, it now allows customers to directly exchange Argentine Peso (ARS) for Bitcoin and Tether (USDT) and vice versa.Huobi Argentina Fiat GatewayIn September 2019, the Singapore-based cryptocurrency exchange announced the opening of Huobi Argentina. Powered and supported by Huobi Cloud, it came as a result of the country’s growing interest in digital...

Interest in cryptocurrencies, especially bitcoin, in Latin America is on the rise as popular bitcoin Peer-to-Peer trading platform LocalBitcoins has been recording tremendous surges in its weekly BTC trading volume in Venezuela and Argentina. P2P Bitcoin Volume SpikesData from CoinDance, a crypto statistics platform, reveals that there was a spike in trading activities on LocalBitcoins last week, leading to a new all-time high in the weekly trading volume of Bitcoin in the local currencies of...

Bitcoin trading volume in Argentina has broken the all-time high record again at the start of December. It comes just after the new president-elect has chosen a new cabinet seeking the Peronist agenda and possibly going against IMF’s involvement in the country.Bitcoin Trading Volume At ATHAccording to the popular monitoring resource Coin.Dance, the volume of Bitcoin traded on LocalBitcoins, has surged to a new all-time high during the first week of December 2019. In the past seven days,...

After months of protests in Hong Kong, politicians have reportedly decided to shut down a bank account related to the anti-extradition law movement. Additionally, a bank in Iran was recently set on fire, and people in Lebanon still have trouble accessing their savings. With raging protests around the globe, it’s interesting to see if Bitcoin’s price will be somewhat affected.HSBC Bans a Bank Account Supporting ProtestsEarlier this year, China proposed a new bill that would allow Hong Kong...