Ark Invest, a leading investment firm focused on disruptive innovation, has revealed that Argentina is leading the way in Bitcoin adoption in Latin America. According to the report, Argentina has more than 2.5 million Bitcoin users, which represents about 5.6% of its population. This is higher than El Salvador, which became the first country to adopt Bitcoin as legal tender in September 2021, and has about 2.1 million users, or 3.2% of its population.
The report attributes Argentina’s high Bitcoin adoption to several factors, such as its history of economic instability, currency devaluation, capital controls, and inflation. The report states that “Bitcoin offers Argentines an alternative store of value and medium of exchange that is outside the control of the government and the central bank”. The report also cites the growing number of Bitcoin ATMs, exchanges, and merchants in the country, as well as the support from local celebrities and politicians.
Ark Invest also predicts that Argentina’s Bitcoin adoption will continue to grow in the future, as more people become aware of its benefits and use cases. The report states that “Argentina is poised to become one of the most Bitcoin-friendly countries in the world, as it embraces innovation and financial inclusion”. The report also suggests that Argentina could follow El Salvador’s example and make Bitcoin legal tender, which would further boost its adoption and economic development.
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A recent report by PackShieldAlert, a blockchain analytics firm, has revealed that the fifth-largest Bitcoin wallet in the world, with a balance of over $2.46 billion, belongs to the US government. The wallet address, which holds 112,000 bitcoins, was first created in 2013 and has been receiving regular deposits from various sources ever since.
PackShieldAlert claims that the wallet is controlled by the US Treasury Department, which uses it to store seized or forfeited bitcoins from criminal cases. The report also suggests that the US government may be planning to sell some of its bitcoins in the near future, as the wallet has seen several large withdrawals in the past few months.
United Nations UN report has revealed the alarming increase of crypto scams in Southeast Asia, where both individuals and groups are targeted by sophisticated fraudsters. The report highlights the plight of the victims, who not only lose their money, but also face threats and coercion to participate in the scams themselves. The FBI has also issued a warning to US job seekers, who may fall prey to deceptive listings that promise lucrative opportunities in the crypto industry but are actually schemes to steal their personal information and funds.
Bitgamo will allow users to trade cryptocurrencies for fiat currencies without the hassle of KYC verification or account registration. Bitgamo is the first crypto exchange to offer this service, which makes it ideal for anyone who values privacy, security and convenience.
Bitgamo supports over 100 cryptocurrencies and 20 fiat currencies and offers competitive fees and fast transactions. Bitgamo is powered by a decentralized network of peer-to-peer traders who use smart contracts to ensure fair and transparent exchanges. Bitgamo is not just an exchange, but a community of crypto enthusiasts who share a vision of a more open and accessible financial system.
According to a recent report by Bitfinex, a leading cryptocurrency exchange, about 40% of the total supply of bitcoin has not moved in more than three years. This indicates that a large portion of bitcoin holders are long-term investors who are not influenced by short-term price fluctuations.
The report also analyzed the distribution of bitcoin across different age groups, finding that older coins tend to be held by more experienced and sophisticated investors, while younger coins are more likely to be traded or spent. The report concluded that the high level of bitcoin dormancy reflects the strength and maturity of the bitcoin market, as well as the confidence and conviction of its participants.
EOS, the native token of the EOSIO blockchain platform, has obtained official approval from the Financial Services Agency (FSA) of Japan to be listed and traded on BitTrade, one of the country’s licensed cryptocurrency exchanges. The announcement was made by BitTrade on August 31, 2023, and it marks a significant milestone for EOS in the Japanese market.
According to BitTrade, EOS will be paired with the Japanese yen (JPY) and trading will commence from September 1, 2023. BitTrade is one of the 23 exchanges that have received a license from the FSA to operate legally in Japan, and it claims to have over 2 million registered users. BitTrade also supports other major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.
EOS is a decentralized operating system that enables developers to create and deploy scalable and high-performance applications on the blockchain. EOSIO, the software behind EOS, was launched in June 2018 by Block.one, a Cayman Islands-based company. EOSIO uses a delegated proof-of-stake (DPoS) consensus mechanism that allows users to vote for block producers who validate transactions and secure the network.
EOS has been one of the most popular and active blockchain platforms in terms of development and adoption. According to Blocktivity, a website that tracks blockchain activity, EOS has consistently ranked first in terms of transactions per day, surpassing other platforms such as Ethereum, Tron and Bitcoin. EOS also boasts a vibrant community of developers and users who participate in various initiatives such as hackathons, meetups, conferences and social media.
The regulatory approval of EOS in Japan is expected to boost its liquidity and visibility in one of the largest and most advanced cryptocurrency markets in the world. Japan has been at the forefront of crypto regulation and innovation, having recognized Bitcoin as a legal form of payment in 2017 and established a clear framework for crypto exchanges to operate under the FSA’s supervision.
Japan is also home to some of the most influential and active crypto companies and organizations, such as SBI Holdings, GMO Internet, BitFlyer, Coincheck and the Japan Blockchain Association. BitTrade stated that it is honored to be the first licensed exchange in Japan to offer EOS trading and that it will continue to provide its customers with secure and reliable services. BitTrade also invited its users to join its official Telegram group to receive updates and support regarding EOS trading.