Connect with us

News

Bitcoin is trading above $ 12,000 in Argentina amid the collapse of the peso after the defeat of President Macri on the primaries

The Argentine peso and government bonds plummeted amid the crushing defeat of incumbent President Mauricio Macri in the primary. Meanwhile, bitcoin at local trading floors is trading at $ 300 higher than the average market price, while at Localbitcoins – and at all at $ 1000. Note, international investors fear the victory of the candidate from the opposition alliance "United Front" Alberto Fernandez, who […]

Published

on

The Argentine peso and government bonds plummeted amid the crushing defeat of incumbent President Mauricio Macri in the primary. Meanwhile, bitcoin at local trading floors is trading at $ 300 higher than the average market price, while at Localbitcoins – and at all at $ 1000.

It should be noted that international investors fear the victory of candidate from the opposition alliance "United Front" Alberto Fernandez, who in the past served as Prime Minister under the Peronist Presidents Nestor Kirchner and Christina Kirchner. Many consider his views too left-handed and are afraid of a return to the policy of active state intervention in the economy.

At the beginning of the trading session, the price of the Argentine peso paired with the US dollar fell by almost 30%, but then won back a few positions.

ARS / USD , TradingView data

Annual inflation is expected to reach 50%. According to some reports, more than 30% of the population lives in Argentina below the poverty line, and unemployment rates are double-digit.

It is noteworthy that well-known community researcher Alex Kruger, who was born in Argentina, urged Bitcoin supporters not to use the country's national economic tragedy to popularize the first cryptocurrency and collect clicks.

“Argentines want to protect themselves from falling pesos against the dollar. To do this, they buy the dollar. "

He also added that there was a specific reason for the collapse – the likelihood of a "corrupt socialist regime" returning to power.

In his opinion, in case of victory, the Fernandez government will establish full control over the central bank, increase the money supply, begin negotiations on the restructuring of public debt, introduce control over capital flows and price controls, and increase export tariffs and subsidies.

Some observers also found that on some OTC sites, the price of bitcoin exceeded the average market price by $ 2,000.

Primitive Ventures managing partner Dovi Wang pointed out that the bitcoin market in Argentina lacks liquidity. What, in her opinion, can not be said about China.

She is sure that the Chinese do not use bitcoin as a protective asset against the backdrop of the devaluation of the renminbi as part of the US-China trade war, as the community believes. In evidence of her words, she cites the fact that last week the price of bitcoin in China was below the average market.

The Block analyst Larry Chermak agrees with her, who discovered that last week, Bitcoin and Tether prices in China were 2% lower than the market average.

Recall that at the end of July, the weekly trading volume of bitcoin on LocalBitcoins in Venezuela exceeded 68 billion bolivars, updating the historical maximum.

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.

BlockchainJournal.news

BlockchainJournal.news

News

Service from CipherTrace monitors suspicious activity for 700 crypto assets

The analytical service CipherTrace began to track suspicious transactions for more than 700 crypto assets, CoinDesk reports. The updated platform now supports 87 of the top 100 assets, as well as ERC-20 standard tokens. The CipherTrace solution allows you to view the complete transaction history for each of the digital currencies available for tracking and set alerts for addresses marked as suspicious. The company sells its product […]

Published

on

The analytical service CipherTrace began to track suspicious transactions for more than 700 crypto assets, CoinDesk reports.

The updated platform now supports 87 of the top 100 assets, as well as ERC-20 standard tokens. The CipherTrace solution allows you to view the complete transaction history for each of the digital currencies available for tracking and set alerts for addresses marked as suspicious.

The company sells its product to government organizations and law enforcement agencies, as well as companies seeking to comply with increasingly stringent regulations.

“By only helping virtual asset services free networks from criminals and terrorists, can the industry achieve a level of trust that is sufficient for massive adoption ,” said CipherTrace CEO Dave Jevans.

Also, he said, previously many large sections of the cryptocurrency ecosystem remained opaque, which made it difficult to combat money laundering and the financing of terrorism.

Recall that in September CipherTrace launched the Scout application , which allows determining whether certain coins in the Bitcoin and Ethereum blockchains are connected with criminal activity.

In particular, the application identifies coins that could be used in illegal activities, including darknet purchases and ransomware attacks requiring ransom in cryptocurrencies.

Subscribe to BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Continue Reading

News

CME: The number of contracts for bitcoin futures in 2019 increased by 61%

Published

on

The Chicago Mercantile Exchange (CME) group on Monday presented a detailed report on the performance of its bitcoin futures market for the third quarter of this year.

According to the exchange, the number of active contracts compared to the same period last year increased by 61% – from 2,873 to 4,629. Despite the BTC price drop by 25%, the number of active contracts compared to the second quarter decreased by only 1%.

The average daily trading volume for CME bitcoin futures in the third quarter amounted to 5,534 contracts, up 10% compared to last year. The company notes that this value corresponds to 27,670 BTC or $ 289 million.

“Institutional flows remained strong. 454 new accounts were added against 231 in the third quarter of 2018, ”the exchange said.

The number of customers holding more than 25 bitcoins and ranked among large investors on this basis increased from 45 to 47 from the last quarter, while there were 34 of them a year ago.

About half of CME bitcoin futures trading in the third quarter was accounted for by users from the United States, 26% from the Asia-Pacific region, and 21% from Europe and the Middle East.

Last week, CME's head of alternative investments, Tim McCourt, said that the exchange hopes to attract no less interest in the upcoming options for bitcoin futures than in the futures themselves.

Publication date 10/15/2019
Share this material on social networks and leave your opinion in the comments below.


Continue Reading

News

CoinShares and Blockchain launch gold token on Bitcoin sidechain

Published

on

CoinShares, a company specializing in circulating asset management, together with Blockchain, a cryptocurrency wallet provider, as well as the Swiss company MKS, which provides precious metals trading services, introduced the DGLD token, secured by gold.

According to CoinShares, the launch of the network took place today, the project tokens are provided with $ 20 million in gold, which will be held in the Swiss store. Each DGLD token is supported by 1/10 troy ounce.

Danny Masters, a spokesman for CoinShares, noted that the new asset will function as a sidechain of the flagship cryptocurrency network. The token combines the stability of the world's most stable asset, that is, gold, and the security of the most reliable blockchain network, i.e. Bitcoin.

Masters also drew attention to the fact that DGLD owners can be calm about the fact that gold is physically stored in a reliable way in Switzerland, and at the same time take full advantage of a digital asset without resorting to the help of intermediaries, such as ETFs for gold.

Continue Reading
Advertisement

Name Price24H (%)
Bitcoin (BTC)
$8,180.03
-2.05%
Ethereum (ETH)
$180.38
-3.27%
XRP (XRP)
$0.290831
-1.17%
Bitcoin Cash (BCH)
$225.01
-0.92%
EOS (EOS)
$2.98
-4.80%
Stellar (XLM)
$0.064502
-0.55%
Litecoin (LTC)
$55.02
-3.49%
Cardano (ADA)
$0.039831
-3.99%
Tether (USDT)
$1.00
-0.05%
Monero (XMR)
$52.04
-2.01%
Advertisement

Trending

Copyright © 2018 blockchainjournal.news