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3232Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
https://www.digit.info/chainalysis-stablecoins-used-to-fight-devaluation-and-inflation-in-latam/
Mon, 24 Oct 2022 11:30:06 +0000https://www.digit.info/2022/10/24/chainalysis-stablecoins-used-to-fight-devaluation-and-inflation-in-latam/Read more]]>According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include stablecoins in Venezuela, and 31% of these in Argentina, as citizens seek to shield […]
]]>Argentina Introduces New Exchange Rates to the Mix — ‘Qatar’ and ‘Coldplay’ Dollars Go Against IMF’s Warnings
https://www.digit.info/argentina-introduces-new-exchange-rates-to-the-mix-qatar-and-coldplay-dollars-go-against-imfs-warnings/
Fri, 14 Oct 2022 20:30:07 +0000https://www.digit.info/2022/10/14/argentina-introduces-new-exchange-rates-to-the-mix-qatar-and-coldplay-dollars-go-against-imfs-warnings/Read more]]>The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces […]
]]>Cheap Power Is Creating a Bitcoin Mining Boom in Argentina
https://www.digit.info/cheap-power-is-creating-a-bitcoin-mining-boom-in-argentina/
Wed, 02 Jun 2021 08:00:59 +0000https://www.digit.info/2021/06/02/cheap-power-is-creating-a-bitcoin-mining-boom-in-argentina/Read more]]>Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate than the official one, is enticing more and more individuals to enter the […]
]]>Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers
https://www.digit.info/sale-of-mti-bitcoins-in-south-africa-briefly-wipes-out-premium-buyers/
Wed, 21 Apr 2021 22:30:02 +0000https://www.digit.info/2021/04/21/sale-of-mti-bitcoins-in-south-africa-briefly-wipes-out-premium-buyers/Read more]]>The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges. The Impact of the MTI Liquidators’ […]
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include stablecoins in Venezuela, and 31% of these in Argentina, as citizens seek to shield […]
The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces […]
Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate than the official one, is enticing more and more individuals to enter the […]
The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges. The Impact of the MTI Liquidators’ […]