Bitcoin Sees 4% Premium in Argentina as Peso Plummets 30%

Bitcoin (BTC) continues to trade at a premium in Argentina after a sharp currency devaluation sent investors running for a safe haven.  Argentine peso plunges 30% Data from local cryptocurrency exchange Buenbit put Bitcoin trading around $11,750 at press time Aug. 13, compared to around $11,330 on major global exchanges. When a shock defeat of incumbent president Mauricio Macri in the primary elections sparked the rout in the Argentine peso (ARS) on Monday, the Bitcoin premium was higher, implied BTC/USD passing $12,300 on Buenbit.  In USD terms, the peso’s collapse…

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Bybit VS BitMEX: A No-Frills Comparison for Crypto Derivatives Traders

Trading cryptocurrencies is more interesting than trading equities or other forms of traditional assets. The volatility of cryptocurrencies drives massive price movements that would probably give Wall Street stocks traders a collective heart attack. Trading cryptocurrency derivatives, however, adds another layer of sophistication to cryptocurrency trading because profits or losses tend to be exponentially magnified. Cryptocurrency derivatives trading is a fast-paced game, and the quality of your trading experience is largely dependent on the exchange on which you conduct your trading. This piece compares BitMEX and Bybit, two of the…

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Goldman Sachs Talks Bitcoin: Where Does Wall Street Think BTC is Going Next?

In 2017, Jamie Dimon slammed Bitcoin. The chief executive of JP Morgan claimed that if any of his firm’s traders were caught trading the cryptocurrency, they would be fired, as it is “dangerous”. Related Reading: Crypto Analyst: Bitcoin Price Could Be Trapped in Tight Range Until Halving Other figures on Wall Street have echoed this sentiment. Legendary investor Warren Buffett has dubbed Bitcoin “rat poison”, adding that it doesn’t have much more inherent value than a seashell or suit button. Their main concerns seem to be that crypto assets don’t…

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Bitmain Accuses Cryptocurrency Project of Impersonation

Cryptocurrency mining hardware manufacturer Bitmain has accused a cryptocurrency project of falsely using its name in the promotion of a product dubbed Mangocoin (MNG). In an Aug. 9 blog post, Bitmain states that it came across a fraudulent use of its brand in the sale of a product dubbed “Bitmain Cloud Miner” and in the promotion of Mangocoin. The fraudsters allegedly masqueraded as Bitmain and promoted the products on their website, application and software. Bitmain thus warned the public that Mangocoin and its social media accounts, website, application and dedicated…

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Ethereum Price Analysis: Bears Eye Pullback To $190 Support

Ethereum price recently broke out of a period of consolidation as mentioned in my previous analysis on ETH, completing an asymmetrical triangle in favors of the bulls but has since begun a pullback breaking the short-term support. Bears now eye $190 support around the visible range low. Ethereum Price 1-Hour Analysis On the 1 hour chart for ETH/USD, we can see how price action progressed after the breakout. Price levels tested $240 resistance and failed to gain on the 6th of August resulting in a rejection causing a pull-back to…

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Bitcoin Bulls Have “Nothing to Worry About” Despite Overnight Pullback

After consolidating in the upper-$11,000 period for an extended period of time, Bitcoin (BTC) incurred a sudden influx of selling pressure that sent the crypto reeling down to lows of roughly $11,300, at which point it found some support. Analysts are now noting that Bitcoin’s bulls are safe so long as the crypto holds above a key support level, but a breach below this level could lead to a significant pullback. Bitcoin Drops Towards $11,000 as Bears Gain Greater Strength At the time of writing, Bitcoin is trading down nearly…

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Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

Friday, Aug. 9 — Bitcoin (BTC), Ether (ETH) and XRP are slumping along with the rest of a largely red cryptocurrency market. Market visualization. Source: Coin360 Bitcoin is trading at$11,910 at press time, with approximately a 1.16% loss on the day. Bicoin has broken $12,000 three times this week, but has lost traction at or above that price point. Nonetheless, some BTC bulls are saying that the current market conditions indicate only a temporary setback for its inevitable surge beyond the previous all-time high. Serial VC investor Tim Draper commented:…

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BitPiggys Helps Children Stack Satoshis and Learn Financial Responsibility

Piggy banks have long served as a symbol of financial prudence and savings, a place to deposit pocket change and hold it for a rainy day. But what if fiat coins aren’t the best stores of value after all? For Jim, the creator of Opendime-powered company BitPiggys, these novelty banks clearly needed an introduction to Bitcoin. Bitcoin has always been appreciated by its adopters for its uncensorable and non-confiscatable nature. While many government-backed currencies can undergo unpredictable inflation or other manipulations, Satoshi’s invention is steady and robust. So, when it…

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