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. The premium in Argentina now ranges betwe…
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 d…
Argentine markets suffered what can only be characterized as a bloodbath on Monday, subjecting the peso, bonds, and local stocks to brutal declines. The reckoning spread beyond the shellshocked country’s borders, and one Nasdaq-listed firm dubbed the “…
The Dow Jones continued to expose its vulnerability on Monday, as the index traded down 267 points (0.85%) to 26,019. Most of the damage was done at the opening bell, with protests in Hong Kong, a shocking vote in Argentina, and Jeffrey Epstein fallout…
By CCN: The bitcoin price surged overnight within touching distance of $9,000, carving out a new 2019 high. In just minutes, the bitcoin market cap pushed beyond $150 billion for the first time since May 11th, 2018. But Monday’s price explosion is even…
By CCN: If you thought bitcoin’s recovery to $8,000 was impressive, take a look at these charts below. While most traders are focused on bitcoin’s price in dollars, the recent surge has propelled bitcoin to all-time highs in Argentina and Sudan’s local…
Popular cryptocurrency exchange OKCoin has recently revealed, through a press release shared with CCN, that it expanded to the Latin American market, with a platform that’s set to let users trade top cryptocurrencies against local fiat currencies…
With inflation in Argentina expected to rise above 40 percent before the close of the year, the demand for bitcoin in the South American country has surged, resulting in cryptocurrency ATM firms projecting a large increase in the number of devices they…
Xapo, a bitcoin wallet that claims the largest capitalization in the bitcoin industry and a reputation for not fearing controversy, has jumped into Argentina’s battle with Uber by allowing Uber Argentina to accept Xapo card payments. Uber sent a tweet on July 3 saying “Pay your trips with Bitcoin! Loading your card @Xapo obtains a $ […]
The post Plugging Bitcoin, Xapo Capitalizes On Argentina-Uber Dispute appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The use of bitcoin has more than doubled in the past year in Argentina as government controls have delivered economic stagnation and double-digit inflation, according to the London, U.K.-based Financial Times. The government has restricted access to foreign currency and created an overvalued currency exchange rate. One small business owner, the owner of a budget hostel in Buenos Aires, has found bitcoin helpful in the face of the country’s overvalued currency exchange rate. She takes credit card payments from foreign tourists in return for bitcoin. She can then sell bitcoins on Argentina’s unofficial currency market for 50 percent more than […]
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