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“# Report: Amid pullback, Argentinian Bitcoin miners thriving ” While the broader crypto market suffers through a painful slump, a new report today indicates that Bitcoin miners in Argentina are thriving as they take advantage of convoluted energy policies. A report from Bloomberg republished in the Buenos Aires Times says that residential mining is picking…
“# Legacy banks should learn about staking and DeFi or risk extinction ” It’s all about the economy, cryptocurrencies, art and future projections. To talk about all this, Cointelegraph en Español reached out to artist Alberto Echegaray, the director of Trustlink and former representative of Argentina in the Financial Action Task Force. Cointelegraph: Let’s start…
“#Seemingly extinct species of otter found in South America” Reports of this animal’s demise were otter nonsense. A wild giant river otter feared to be extinct in Argentina was recently spotted swimming in the country’s Bermejo River, according to local conservationists. “It was a huge surprise,” Sebastián Di Martino, director of conservation at Fundación Rewilding Argentina…
“# Argentina’s tax body reportedly asks crypto firms to report all activity ” A tax authority in Argentina is reportedly looking to scrutinize operations involving cryptocurrencies like Bitcoin (BTC). Argentina’s Federal Administration of Public Income, or AFIP, has ordered domestic crypto exchanges and payment firms to provide monthly reports of all kinds of operations by…
“# Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange ” Mexican cryptocurrency exchange Bitso has concluded a $250 million Series C capital raise, putting it in the upper echelons of Latin America’s fintech industry. The latest investment round gives Bitso a total value of $2.2 billion, making it the first Latin American cryptocurrency exchange…
“# Mass adoption looms as South America’s second-largest company accepts crypto payments ” On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although the company does not settle property transactions directly, it legitimizes the category as a payment system. The $81 billion retailer is the…
“# Bitfarms estimates Argentinian facility will reduce BTC mining costs by 45% ” Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh. According to an April 19…
“# A year into the pandemic: How Argentina’s economy struggled while its crypto ecosystem flourished ” The year 2020 will go down in history as the beginning of the COVID-19 pandemic and the way it affected the Argentine economy. But it is also true that Argentina has been dragging along economic problems for decades, with…
“# Tokenized agriculture could provide economic relief to Argentine farmers ” Argentina’s brittle economy — stricken by endemic problems that have only worsened amid the COVID-19 pandemic — has sparked rising unrest in the country’s agricultural sector. Earlier this month, representatives of the bulk of national producers rejected President Alberto Fernandez’s government’s decision to suspend all exports…
“# Brazil’s top exchange announces international expansion after raising $38M ” Brazil’s largest Bitcoin exchange, Mercado Bitcoin, has announced plans to expand across Latin America. Chief executive Reinaldo Rabelo named Chile, Mexico, and Argentina as among the jurisdictions it will expand into first, comparing the “regulatory culture” in those countries to Brazil’s. According to Useful…