News of bitcoin

Salvadoran president vows to buy "one #Bitcoin every day'

17-11-2022 16:04 Bitcoin traded at about $16,500 per unit on Thursday, down from $45,000 in September 2021 when El Salvador adopted the cryptocurrency.

Paradigm shifts

Fear, uncertainty, doubt

14-05-2022 00:01 A paradigm shift for Argentina, global geopolitics, and cryptocurrencies.

by Agustino Fontevecchia

BLOOMBERG

Argentina slams brake on crypto, banning purchases through banks

06-05-2022 08:39 Central Bank bans financial institutions from offering clients any operations involving unregulated digital assets, effectively banning engagement with cryptocurrencies.

BLOOMBERG

Two local banks allow customers to buy cryptocurrencies

03-05-2022 12:51 Banco Galicia, the country’s largest private bank by market value, and digital bank Brubank SAU will allow their customers to purchase crypto including Bitcoin, Ether and USDC starting Monday.

BLOOMBERG

Crypto miners threaten frail energy grid at the end of the world

29-04-2022 08:20 Argentina’s crypto frenzy is putting the energy grid of a small province in Patagonia near a breaking point.

Bloomberg

Government to include crypto firms in anti-money laundering regulations

15-03-2022 13:24 Argentina's money-laundering regulator is working to add service providers in the cryptocurrency ecosystem to its list of entities subject to reporting and recording customer transactions.

CRYPTOCURRENCIES

Cryptocurrencies prove a lifeline in Argentina’s chaotic economy

10-03-2022 19:32 Workers are increasingly getting paid in cryptocurrency to circumvent exchange controls and to protect them from currency swings and 50 percent inflation.

Bloomberg

Argentina’s 50% inflation has crypto credit cards booming

16-02-2022 20:41 With inflation surging at a more than 50% annually, cryptocurrency exchange Lemon Cash plans to increase issuance of Bitcoin rewards cards this year.

CRYPTOCURRENCIES

Argentina begins taxing cryptocurrency, reversing old stance

17-11-2021 15:17 Transactions involving cryptocurrencies will be subject to government's tax on bank credit and debts, effective immediately.

CRYPTOCURRENCIES

Cryptocurrencies: Argentina as a Bitcoin farmer

05-11-2021 17:44 A well-known Canadian company is bringing its Bitcoin ‘farms’ to Argentina. A look at the local temptations favouring this mining business.

by Mariana Sidoti Gigli

BLOOMBERG

Boca Juniors in talks to issue cryptocurrency tokens

29-09-2021 13:14 Boca in talks with several crypto companies as it considers issuing tokens for its fans to open a new potential financing avenue.

CRYPTOCURRENCIES

Cheap electricity a boon for bitcoin mining in cash-strapped Venezuela

01-09-2021 12:55 In crisis-stricken Venezuela, crypto mining presents an economic opportunity for a lucky few, made possible by one of the world's lowest electricity prices.

BLOOMBERG

Cuba lays groundwork to legalise cryptocurrency transactions

30-08-2021 10:43 Communist government is trying to legalise and regulate the growing use of cryptocurrencies on the island as citizens ramp up transactions to evade state controls.

Cryptocurrencies

A crypto-revolution in Argentina

12-06-2021 00:17 Argentina’s economy is prime breeding ground for the crypto-world. And the populist promise of cheap energy here is a crypto-miner’s dream.

by Agustino Fontevecchia

Cryptocurrency

Bitcoin sinks and approaches US$30,000

08-06-2021 17:00 The price of bitcoin fell sharply on Tuesday by 8.6% to a value of $31,501, a level not seen since mid-May, dragging other cryptocurrencies in its wake.

Bloomberg

Crypto mining booms on cheap, subsidised energy in Argentina

31-05-2021 10:41 Bitcoin miners are capitalising on the inefficiencies of the country’s interventionist economy to reap outsize returns, fuelled by memories of currency busts and powered by government-subsidised electricity.

CRYPTOCURRENCIES

Central Bank warns citizens of risks of cryptocurrencies

21-05-2021 13:35 Argentina, the land of currency crises, warns about crypto risks.

Cryptocurrency

Economic downturn fuels crypto craze in Argentina

07-05-2021 08:00 As Argentines battles high inflation, a weaker currency and a shortage of US dollars, citizens have been putting their money into cryptocurrencies like Bitcoin, Tether, Etherium or Dai.