Bitcoin in the Headlines: Argentina's Savior or Sign of the Antichrist?
Bitcoin in the Headlines is a weekly look at bitcoin news, analyzing media and its impact. Is bitcoin the economic antichrist or a savior for struggling nation states? This debate played out in the headlines this week in lengthy dissections of bitcoin's apparent growth in Argentina, a nation plagued by economic mismanagement and hyperinflation. But, while bitcoin may be seen as a potential savior for one long-struggling economy, rumours of bitcoin's biblical ties were levied by a right-wing publication in the latest sign that the debate over the technology is expanding its reach, in....
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Argentina has made it to national headlines with their recent most signing of a local football player with cryptocurrency. Sao Paulo is one of the largest soccer teams in Brazil and they just bought a player with crypto. Sao Paulo with the help pf USDC, a US dollar-pegged stablecoin has signed the player from mid-table […]
Worldcoin, a cryptocurrency project co-created by Sam Altman, disclosed that there has been an increase in demand for World ID. This growing popularity is said to have resulted in a new single-day record for user sign-ups in Argentina. This feat comes despite the ongoing investigation by local Argentinean authorities into the crypto project’s operations. Worldcoin Registers […]
Something BIG is happening in Argentina... From December 7 through 8, Bitcoin enthusiasts and those interested in learning about this digital, decentralized phenomena will gather in Buenos Aires, Argentina for the first Latin American Bitcoin Conference hosted by the Fundación Bitcoin Argentina. Why Argentina? The Argentinian Bitcoin community is rapidly growing in reaction to national economic strain, but most importantly due to the opportunities Bitcoin represents as a disruptive technology and economic growth potential. With an inflating Argentinian Peso and limited access to additional....
The Central Bank of Argentina has issued a new set of rules for operators of digital wallets in the country. Customers of companies like Uala, a wallet popular in Argentina, will now be qualified as financial users, having new protections similar to those offered by banks and other financial institutions.
Central Bank of Argentina Strengthens Digital Wallet Supervision
The rise of digital money and crypto in Argentina is causing regulators to pay attention. The Central Bank of Argentina recently issued a set of rules to heighten the level of protection users of popular digital....
Can bitcoin conquer Argentina? It's a question that is being given increasing validity by major media outlets like The New York Times and The Economist, and it's easy to see why. Numerical and anecdotal evidence suggest that if bitcoin will prove popular as a currency anywhere, it should in Argentina. According to the Bitcoin Market Potential Index (BMPI), which ranks bitcoin's potential utility across 177 countries, Argentina is the most likely country to adopt the digital currency. It's economy is one of the most problematic globally, boasting annual inflation of approximately 35%. In....