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Crypto Web3 Today
Crypto Web3 Today
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Worldcoin (WLD) Jumps 40% to Hit New ATH on Sustained OpenAI Hype. Blockchain-based biometrics verification protocol Worldcoin (WLD) is coasting to new heights as its price is currently trading at its new all-time high (ATH) of $7.48. Unlike many altcoins, whose prices are still reasonably below their best trading prices, Worldcoin has managed to pare off all losses on the back of a sustained bullish rally that has pushed the token up 40% in the past 24 hours. The Worldcoin growth metrics are bullish on many sides, with the trading volume jumping by more than 44% to $839,309,238. For the first time, WLD's trading volume entered the top 10 despite the coin being ranked as the 79th cryptocurrency by market capitalization. With the ongoing bullish sentiment, the cryptocurrency is up 177% in the trailing seven-day period and by 184% in the past month. Worldcoin as a project has the fundamentals to back the kind of growth it has recorded thus far; however, this parabolic run is on the back of sustained hype associated with OpenAI, the Artificial Intelligence (AI) behemoth founded by Worldcoin co-creator Sam Altman. OpenAl just released a new text-to-video generator dubbed Sora, with advanced capabilities. The hype about what the future holds has driven more positive market sentiment for WLD overall. Worldcoin woes and adoption tracks. Worldcoin has a mixture of positive and negative track records as its adoption soared to new heights over the weekend, and its World App recorded daily active users of over one million in the past week. Besides this, Worldcoin has been facing intense regulatory scrutiny over the past few months, with regulators in key European countries, Argentina, Kenya and Hong Kong mandating the halting of Worldcoin's Orb verification on privacy concerns. Amid these challenges, the verification project has not slowed its tempo, and with the current price growth, it is evident the token is now being appreciated all over the world.

3 days ago
Crypto News
Crypto News
Argentina Tops Latin America in Stablecoin Purchases and Holdings: Report
9 days ago
Cryptopolitan
Cryptopolitan
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BRICS has thrown down the gauntlet, calling out the SWIFT system for its blatant favoritism towards the US dollar, tagging it as not just unfair but a financial black hole for countries forced to dance to its tune. Basically, every time a country tries to make a move in the global marketplace, it has to pay a premium, not to some universal fund that benefits all, but straight into Uncle Sam’s wallet. The SWIFT system, with its hidden fees and exchange rate markups ranging between a hefty 3-5%, is like that friend who always ‘forgets’ their wallet when it’s time to split the bill, leaving others to cover the cost. And guess what? BRICS has had enough of SWIFT. A Quest for Financial Equity When South Africa’s Foreign Minister, Naledi Pandor, stepped up to the mic, she talked about a rigged game where the house always wins, and in this case, the house is the US dollar. The BRICS nations, not content to be spectators of their own economic destiny, are drafting plans to flip the script. They’re walking the walk towards a system where local currencies get a fighting chance, and the US dollar doesn’t automatically get to cut in line. When BRICS countries engage in international trade under the SWIFT system, they’re essentially funding the US’s economic dominance. Every transaction that passes through this system reinforces the dollar’s supremacy, making it harder for emerging economies to stand on their own feet financially. This is why BRICS is working so hard to create its own alternative payment system. By advocating for trade in local currencies, the bloc wants to dismantle the existing financial hierarchy, which disproportionately benefits the US, and create a more equitable global economy where all nations have the opportunity to thrive on their own merits. Expanding the Playground On the first day of 2024, the BRICS gang got bigger, adding five more countries to its roster. This was a power move that significantly upped the bloc’s game in the world economy and demographics. But let’s be for real, the mix of different vibes and low trade mix-tape among the crew limits how much noise they can make in the world trade and international money scene. To me, the expansion looks more like BRICS showing it’s a hotspot for countries on the rise and developing nations looking for a squad that gets the Global South, if you know what I mean. From its early days as a catchy acronym, BRICS has morphed into a more formal clique of countries shaking up the economic and political scene. By the time they hit their 15th Summit in Johannesburg in August 2023, they were ready to welcome new members into the fold—Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were all set to join from January 2024. Although Argentina decided to sit this one out after a change in leadership and Saudi Arabia has decided to keep us in suspense by playing a mildly-infuriating game of peekaboo that neither says they’ve accepted or rejected BRICS invitation. Now, holding nearly half the world’s population (a jump from 41% to 46%) and outdoing the G7 with a larger share of the world GDP (35.6% in 2022, and we’re not stopping there), BRICS+ is showing off, with China leading the pack. But as much as BRICS+ is bulking up, it’s also becoming a bit of a mixed bag geopolitically. Adding new members like Iran has made the bloc more of a geopolitical patchwork quilt, with each country bringing its own unique pattern of relations with the West. This diversity could make family dinners a bit awkward, especially when certain members might not see eye to eye due to regional beefs.

4 days ago
Bitcoinleef
Bitcoinleef
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The Mexican-founded cryptocurrency exchange Bitso said that, over the last six months, Argentina—a country reeling from a severe economic crisis and a falling peso—has been Latin America’s top buyer and holder of stablecoins.‘Crypto Landscape in Latin America: Report 2H 2023,’ released not long ago by Bitso, explores the trends influencing the cryptocurrency sector in a number of Latin American nations—including Mexico, Argentina, Brazil, and Colombia—that have seen significant crypto adoption.Despite market instability and local economic issues, the region’s people have shown increased acceptance of cryptocurrencies, leading to a substantial adoption of cryptocurrencies during 2022 and 2023. Among South American countries, Argentina is unique in having a digital dollar acquisition rate that is over five times higher than other cryptocurrencies.Despite the economic uncertainty, the research shows that 60% of Bitso purchases in Argentina went toward dollar-based stablecoins like USDT and USDC, while Bitcoin only received 13% of the total. The percentage of total cryptocurrency purchases that were stablecoins varied between 31 and 40 percent in Mexico, Brazil, and Colombia.Among the “fastest-growing” cryptocurrencies in the region, three stablecoins stood out. Bitso found that, mainly due to the country’s economic climate, stablecoins make up about 26% of the typical Argentine user’s portfolio. Bitso says that the current political and economic climate in Argentina is to blame for the country’s high demand for stablecoins, as people there are looking for alternatives to traditional funds and inflation.Argentina, the third-largest economy in South America and the second-largest nation in the region, has struggled economically for a long time. Inflation reached a worrying 211.4% in 2023, adding fuel to the fire of worries about the country’s financial stability. Consumers are highly motivated to seek out more secure solutions in order to protect their funds from potential devaluation due to economic volatility.The persistent depreciation of the peso in Argentina has customers quickly turning their money into digital currency. Chainalysis research from 2023 found that despite Argentina’s financial difficulties, the country ranked second in Latin America and fifteenth overall for crypto adoption.The recent election of Javier Milei, a self-proclaimed “anarcho-capitalist,” as president of the country may indicate a shift in economic strategy. Although Milei does not completely support Bitcoin, she does have positive feelings about it. She has called it “the return of money to its original originator, the private sector.”

9 days ago
Crypto PM
Crypto PM
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🇦🇷 #Bitcoin price hits new record high in Argentina Argentina’s peso has crashed by 99% versus the U.S. dollar since the beginning of the currency crisis in 2018. #BTC #BTCBefore2025 #Halving @Crypto PM

10 days ago
CryptoPotato
CryptoPotato
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Bitcoin reached a new all-time high in Argentina, soaring to a record valuation of 40 million pesos per BTC. Amidst the backdrop of Argentina’s plummeting peso, which has seen a staggering 99% decline against the dollar since 2018, digital assets are slowly emerging as a beacon of financial resilience and stability for many citizens. BTC/PES. Source: CoinGecko Argentines Prefer USDT Argentina has a history of economic instability marked by frequent currency devaluation, complicating savings and financial management for its residents. Over the past century, it has oscillated between periods of growth and dysfunction, transitioning from being one of the world’s wealthiest nations to facing prolonged financial crises, extensive debt, and triple-digit inflation. As a result, citizens have turned to digital assets, showing strong grassroots adoption. In a bid to preserve purchasing power, Argentines have resorted to popular stablecoins such as USDT and USDC for saving and converting local earnings instead of Bitcoin. According to Chainalysis’ findings, Argentina ranks 15th worldwide in the adoption of digital assets. During the 1980s, when Argentina introduced currency controls, public money exchanges transformed into underground entities known as “financial caves.” These entities have now resurfaced as “crypto caves,” serving as black market exchanges where its citizens purchase US dollar stablecoins. Operating covertly in concealed locations, these underground peer-to-peer exchanges facilitate transactions away from public view. Struggle for Stability Argentina has experienced a substantial increase in its inflation rate. According to the Organization for Economic Co-operation and Development (OECD), the country’s inflation is projected to hit 250.6% in 2024. Additionally, the country’s economic downturn is predicted to exceed earlier projections. In an update this month, the OECD stated, “High inflation and sizeable fiscal tightening are projected to result in an output decline in Argentina in 2024 before growth recovers in 2025 as reforms start to take effect.” These developments coincide with the implementation of extensive reforms by Argentina’s recently elected libertarian President, Javier Milei, prompting demonstrations throughout Latin America’s third-largest economy. During a recent interview, the libertarian leader emphasized that dollarization is the final phase in a series of reforms. Before this, his government intends to resolve the central bank’s balance sheets by June, followed by changes to the banking system. Additionally, he expects the banking system to be reformed within a year. Under Milei’s presidency, there has been substantial peso devaluation alongside extensive reform efforts. The post Bitcoin Hits Record High in Argentina, Reaching 40 Million Pesos per BTC appeared first on CryptoPotato.

9 days ago
Cointelegraph
Cointelegraph
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Argentines are using black market exchanges, known locally as “crypto caves,” to buy U.S. dollar stablecoins in a bid to escape strict currency controls and triple-digit inflation of the Argentine peso (ARS), and are reportedly shunning Bitcoin (BTC) due to perceived volatility. Crypto caves are underground peer-to-peer exchanges operating secretly and tucked away in “non-visible places,” CryptoMarket’s strategic alliances manager Guillermo Escudero told Cointelegraph. “It is not a normal commercial place with public attention. They are hidden places where one goes with prior confirmation to meet and can change their local fiat money against cryptocurrencies, mostly USDT.” Escudero said that locals can get a far better rate than the official exchange rate if they use such crypto caves. Local banks cannot officially accept dollars, so crypto wallets have become popular to store dollar-pegged stablecoins like Tether (USDT). “Having the ability to save in ‘digital dollars’ allows Argentinians to save money in the long run as the local currency loses value,” Ramiero Raposo, vice president at crypto payroll firm Bitwage, said in a note to Cointelegraph. I lived in Argentina from 14’-17’ where I had to go to a ‘cave’ each month to illegally sell my pesos to buy USD, just so I could guarantee a flight home each year. Anyone who doesn’t understand why crypto/defi is revolutionary is living under a rock. #bitcoin #ElSalvador pic.twitter.com/IxwjS8Tv5G — Rich Kane (@richkane_) June 9, 2021 Crypto caves emerged from “financial caves” — entities that previously operated as public money exchanges but went into hiding when Argentina brought in currency controls in the 1980s. It led to the “blue dollar” — Argentina’s unofficial and informal dollar rate — which currently offers locals 1,115 ARS for $1. Last December, the official rate hovered around 365 ARS to the dollar but has increased to 829 ARS since economist Javier Milei became the country’s new president in December. Argentina’s inflation rate hit a 32-year high of 211.4% in 2023, per the latest Jan. 11 figures from the country's statistics agency, INDEC. Escudero said some crypto caves have been investigated and even raided by authorities. However, the crypto caves don’t give off a “bad image” to locals as they’re one of the few places they can trade away their inflation-ridden pesos. “[This is a result of] having a government that arbitrarily prohibits access to a money exchange market that should be free as it is in the rest of the world.” I bought some Pesos in Argentina via a P2P exchange using USDT on Tron. Here's my experience First of all, why go P2P? Because the official USD-ARS exchange rate is 2.5-3x worse than the "blue dollar" rate. I actually tried: I withdrew 30€ from an ATM, paid 10€ in… pic.twitter.com/KC4uymdfyq — Alexei Zamyatin (@alexeiZamyatin) November 13, 2023 However, Escudero explained that currency controls are “widely expected” to be wiped under Milei’s leadership, which could drive down demand for crypto caves as access to official channels becomes available. “But since the tax pressure is so high in Argentina, we will continue to have a ‘black market’ that has a preference to operate under the radar of the comptroller entities,” Escudero added. Escudero said crypto caves also exist in Cuba, Venezuela, Iran and several African countries. Argentines avoid Bitcoin payments In December, Argentina moved to legalize Bitcoin as a payment method for contracts — part of Milei’s election promise to revamp the country’s economy. CryptoMarket’s CEO María Fernanda Juppet told Cointelegraph that while the change signals progress, “it’s not wise from a business perspective” to carry out contracts in Bitcoin amid Argentina’s high-inflation environment. “At some point, the transaction will have to convert into Argentine pesos, with its inflation issues [and] you agree to a contract using Bitcoin as a payment method that can have daily price variations over 10% based on a tweet.” Related: Argentina scraps crypto regularization in Milei’s new economic reform “From a corporation’s point of view, that is adding volatility over volatility,” Juppet added. Escudero explained that Argentines prefer to use USDT on the Tron network as fewer conversions are involved. “This is due to its speed of accreditation, and at its accessible cost, in addition to the fact that it has no variation being its parity 1:1, he said “This avoids the need to make conversions at the time of sending balances.” Here in Argentina usually the preferred method of payment is USDT over Tron (if someone sends it), mainly because of lower tx costs. https://t.co/dnSxB2fBJ0 — BowTiedMara (@BowTiedMara) July 15, 2023 Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

10 days ago
Crypto
ETH
Pundi X (New)(PUNDIX)

$0.41

0.31%

Market Cap
105.41m
 

0.31%

Volume (24h)
1.48m
 

53.72%

Released on 31 Mar 2021
Mr_Mahi_Crypto
Mr_Mahi_Crypto
followers

Diabetes rates: 🇵🇰Pakistan: 30.8% 🇰🇼Kuwait: 24.9% 🇪🇬Egypt: 20.9% 🇶🇦Qatar: 19.5% 🇲🇾Malaysia: 19% 🇸🇦Saudi Arabia: 18.7% 🇲🇽Mexico: 16.9% 🇹🇷Turkey: 14.5% 🇧🇩Bangladesh: 14.2% 🇱🇰Sri Lanka: 11.3% 🇿🇦South Africa: 10.8% 🇮🇶Iraq: 10.7% 🇺🇸United States: 10.7% 🇮🇩Indonesia: 10.6% 🇨🇳China: 10.6% 🇪🇸Spain: 10.3% 🇹🇭Thailand: 9.7% 🇮🇳India: 9.6% 🇮🇷Iran: 9.1% 🇵🇹Portugal: 9.1% 🇧🇷Brazil: 8.8% 🇳🇵Nepal: 8.7% 🇰🇵North Korea: 8.6% 🇨🇦Canada: 7.7% 🇵🇭Philippines: 7.1% 🇰🇷South Korea: 6.8% 🇯🇵Japan: 6.6% 🇦🇺Australia: 6.4% 🇮🇹Italy: 6.4% 🇬🇧United Kingdom: 6.3% 🇳🇿New Zealand: 6.2% 🇻🇳Vietnam: 6.1% 🇷🇺Russia: 5.6% 🇦🇷Argentina: 5.4% 🇫🇷France: 5.3% 🇪🇹Ethiopia: 5% 🇰🇪Kenya: 4% 🇳🇬Nigeria: 3.6% 🇳🇴Norway: 3.6% 🇧🇪Belgium: 3.6% 🇮🇪Ireland: 3.0% 🌍World: 9.8% Note: % of people age 20-79 who have type 1 or type 2 diabetes. It is calculated by adjusting to a standard population age-structure.

6 days ago
Nadyisom
Nadyisom
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  1. Bitcoin reaches $48,000 as selling pressure from GBTC decreases. 2. OpenAI CEO plans to raise up to $7 trillion for a new AI chip project. 3. The Solana Network experiences a 5-hour downtime and doesn't produce any blocks. 4. Spot Bitcoin ETFs (excluding GBTC) now hold over 200,000 BTC worth around $9.5 billion. 5. The SEC wins a motion to make Ripple produce financial statements and answer questions about proceeds from sales of XRP token. 6. Vitalik Buterin and the Ethereum foundation explore ways to reduce the maximum block size for efficiency. 7. Sam Bankman-Fried will address conflicts of interest with his legal team in court. 8. Do Kwon wins a second appeal against extradition to the US or South Korea. 9. The dydx foundation receives $86 million in dydx tokens from the community treasury. 10. The NY attorney general seeks $3 billion in restitution from Gemini over alleged fraud with the Gemini Earn product. 11. Binance announces the delisting of Monero (XMR) on February 20, 2024. 12. OKX launches its exchange and web3 wallet in Argentina. 13. South Korean prosecutors arrest three Haru Invest executives, including CO-CEOs, for an alleged $826 million crypto theft. 14. Nayib Bukele, a pro-Bitcoiner, is re-elected as the president of El Salvador. #Write2Earn
11 days ago

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