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Central bank's official warnings of the risks involved. Last updated: June 2018.

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Bitcoin Price Watch: Currency Is Being Pushed in Argentina

At press time, the father of cryptocurrency is trading for just under $3,900. This is slightly less than where it stood this morning ($3,956), and even lower than where it was trading during our previous price article. Bitcoin’s refusal to really move is bearing advantages for other forms of crypto. Polymath, for example, has exploded in recent days despite a near 90 percent drop during the crypto crash of 2018. It is estimated that if bitcoin continues to maintain sideways movement, altcoins and competing forms of digital cash will experience beneficial gains in the coming months. Chart by DLavrov But to many, bitcoin will always be number one. An everlasting bull can be found in venture capital investor Tim Draper, who allegedly met with Argentinian President Mauricio Macri. The purpose? To potentially explain the value of bitcoin and push for its legalization. Draper is confident bitcoin can help Argentina’s economy expand. He claims: “We were speaking of bitcoin and the devaluation of the peso, and I proposed a bet. If the peso would be valued more than bitcoin, I would double my investment that I was making for the country. If bitcoin gained a higher rate than the peso, they would have to declare it a national currency. That would be a perfect decision, as there’s a lack of confidence in this coin.” The Argentine peso has experienced serious devaluation, and bitcoin enjoys high popularity in Argentina. The country is home to several bitcoin and cryptocurrency ATM machines. The country also began investing in blockchain projects backed by Binance in early March, but Draper feels the country could be doing more. He argues that bitcoin and blockchain technology are more revolutionary than the internet. He also states that both could assist Argentina’s banking system, commerce and financial infrastructure. Draper has reiterated his belief that bitcoin will surpass the $250,000 mark in either 2022 or 2023, and that in five years, only criminals will use fiat currency. Unfortunately, criminals still seeing bitcoin as a potential scam tool. Admitting neither guilt nor innocence, broker Daniel Todd Levine of Colorado recently worked out a deal with FINRA banning him from the securities space for engaging in alleged misconduct. Levine is accused of soliciting customers to borrow money for outside business activities and pushing unauthorized trades. Levine is also accused of running a scam with his brother, a wanted fugitive in Europe that has allegedly been avoiding apprehension from U.S. lawmakers since 2005. The con involved purchasing bitcoin from an overseas provider at a discounted rate and providing it to investing customers, but no coins were provided. It is allegedly that roughly $1.5 million from different investors was sent to Levine’s brother. Bitcoin Charts by TradingView Image(s): The post Bitcoin Price Watch: Currency Is Being Pushed in Argentina appeared first on NullTX.

Tim Draper Bets On The Price of Bitcoin With Argentina President

Serial investor and Bitcoin bull Tim Draper has taken his advocacy of the cryptocurrency a step further – by making a bet with the president of Argentina. Draper Lures Macri With Money For Nothing As local news outlet La Nación reported March 22, Draper sees Bitcoin as the ideal tool to combat Argentina’s economic woes. He met with president Mauricio Macri last Wednesday, ahead of a Fintech and Blockchain summit organized by his dedicated Argentine fund, Draper Cygnus. The 60-year-old remains in the spotlight after hitting mainstream media headlines for a different kind of Bitcoin plug last week. “We talked about bitcoin and the devaluation of the peso, and I proposed a bet,” the publication quotes him as telling the audience of the summit. [I]f the peso is valued more than Bitcoin, I double the investment I am making in the country; and if Bitcoin acquires more value than the peso… that would be a perfect solution because there is no confidence in the currency. Not Just Venezuela As Bitcoinist has mentioned, Argentina has faced currency problems and its associated effects, such as ‘brain drain,’ for several years. As much attention focuses on Venezuela as a crucible of economic collapse and Bitcoin as a rescue package, Argentina has given increasing hints that its utility in the face of its own adversity cannot be ignored. From official warnings over using Bitcoin several years ago, real-world use cases began appearing in 2019. For Draper, Argentina is ripe for disruption using Blockchain technology and Bitcoin itself. Speaking to La Nación, the millionaire gave his vision for how corporations could look like within the context of a suitable regulatory landscape from Buenos Aires. “…[T]hrough blockchain, you build a contract, and with bitcoin, you can make sure that you are making the premium payments and you can make sure that someone who makes a claim receives their payment immediately,” he explained. That can go for social security, for health insurance for all these things that governments historically have provided. Now governments have a better tool to provide all this and have a tool that can go beyond borders, which would stop being tribes to become a great world giving us services. Big Bitcoin Trades Consumer appetite already appears to be in place. According to data from Coin Dance, last week was Argentina’s seventh-largest in terms of trade volume on P2P cryptocurrency exchange Localbitcoins. With almost 8 million pesos ($214,000) changing hands, the figure is only marginally behind the all-time high set in early December of 9.4 million ($226,000). Draper meanwhile is perhaps an unlikely advocate for political lobbying, having already surprised TV audiences last week when he appeared in an HBO documentary about Theranos wearing a Bitcoin tie. The trademark garment, which has made various appearances in media interviews by Draper, nonetheless earned him a new, albeit mixed, following in both formal and social media. It is, however, unknown whether or not Draper was wearing the tie during his meeting with president Macri. What do you think about Tim Draper’s Bitcoin bet with Mauricio Macri? Let us know in the comments below! Images courtesy of Shutterstock The post Tim Draper Bets On The Price of Bitcoin With Argentina President appeared first on

Tim Draper is Trying to Convince Argentina to Make Bitcoin A National Currency

On his recent trip to Argentina, billionaire investor and Bitcoin advocate Tim Draper met personally with President Mauricio Macri. Draper presented a pretty bold idea to the Head of State. Make Bitcoin the national currency of Argentina. “I suggested that he make Bitcoin a national currency and to bring in 5G and let the market figure it out and build all the roads and everything else for him,” Draper said according to es.cointelegraph. Draper thinks a rush of new startups will flood Argentina if they are crypto friendly. “That could end up being just phenomenal and globally, people will start saying I’m going to Argentina to start my business.” As the blockchain movement grows so will the demand for decentralization. Draper realizes that the building of blockchain infrastructure along with killer apps is the key to money flowing into the crypto space. “It seems simple to me because all you’re doing is you’re flowing with the decentralization movement. And that movement turns out to be really important and all the geographic borders are gonna fall and we’re gonna be one big world.” Draper is known for making bold claims and suggestions, but many would see the adoption of BTC as a national currency as a mere impossibility. However, it’s hard to argue with the idea that crypto friendly rules and regulations, along with the recognition of Bitcoin and other cryptocurrencies as real money will go a long way for a country’s economic conditions. Startups are feverishly building the blockchain projects of tomorrow, and government clarity can only speed that process up. Fostering development is the most important thing for the entire blockchain sector. Only when great and useful applications are delivered will the space and all its tokens have real value. The countries that move early will wind up housing killer crypto startups. The post Tim Draper is Trying to Convince Argentina to Make Bitcoin A National Currency appeared first on ZyCrypto.
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All in this week’s News Digest: McAfee still has a lot of faith in crypto, Robert Shiller explains the roots of this faith, more new exchanges are coming, an investigation into Bitcoin price manipulation, and Verge is hacked again.

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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform Boss Crypto Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency Rakuten Wallet Launch Announced for March 30, 2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March eToro adds Tron TRX to its Platform with More than 10 Million Users -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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