Tag Archives: argentina

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...

A bitcoin price premium has developed in Argentina as the government imposed currency controls in a bid to support the peso. | Source: ShutterstockArgentina’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. The premium in Argentina now ranges between tens and hundreds of dollars.While the bitcoin price ranges between $9,887 and $9,905 on major...

Crisis in Argentina grips the headlines today. The Argentine peso (ARS) collapsed 30 percent in a matter of minutes yesterday while the stock market caved 48 percent before recovering. Bitcoiners quickly jumped on the narrative to promote the world’s dominant cryptocurrency. Many claimed that bitcoin was “surging” in Argentina while others encouraged locals to “find safety” in bitcoin. Bitcoin is surging in Argentina, trading at ~$12,300 on @buenbit, a premium versus ~$11,400 on...