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Apr 11 2021

Solana (SOL) price rises as airdrops attract new users to the network

Over the past six months blockchain projects that have issued token airdrops have re-emerged. Most notably, the airdrops by Uniswap (UNI) and MEME will be remembered as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens.

One Ethereum (ETH) competitor that has seen numerous projects launch with airdrops in the past three weeks is Solana (SOL), an open-source project that focuses on utilizing blockchain technology to provide decentralized finance solutions.

While Solana isn’t explicitly making a concerted effort to launch these projects, the protocol’s main decentralized exchange Serum (SRM) was responsible for the recent COPE airdrop which distributed 2,000 tokens to users who participated in the joint DeFi hackathon held by Solana and Serum.

After the airdrop, COPE eventually listed on Serum for $0.50 on March 30 and the price of the token surged to a high of $5.43 on April 11, rewarding holders with a $10,860 reward.

SOL/USDT 4-hour chart. Source: TradingView

The success of the COPE airdrop prompted a series of token launches and airdrops with similar-sounding names including HOPE, ROPE and KOPE, whose launches on the Solana blockchain have coincided with a 55% rise in the price of SOL since the start of April.

Airdrops on the network may have played a small role in the recent price appreciation due to users needing SOL to receive airdropped tokens but this is not possible to ascertain based on the available data.

Interactions on the Solana blockchain, including the addition of new tokens to the Sollet wallet, require small amounts of SOL to complete the contract executions. Thus, users rushing to sign up for airdrops before they filled up would have needed to purchase SOL and fund their wallets in order to create new addresses for the airdropped tokens.

Analysts expect the airdrop trend to continue

For those worried that they missed out or that the ‘airdrop season’ is over, a recent tweet from Solana’s Twitter feed suggests that the Solana ecosystem is just getting started, meaning the likelihood of future airdrops remains high.

☀️New Projects building on Solana@HedgehogMarket prediction markets platform@solstarterorg IDO platform@HxroNetwork derivatives protocol@cyrii_MM $COPE@StepFinance_ Position tracking@Media_FDN P2P CDN @PsyOptions options protocol@synthetify for synthetic assets$SOL $SRM pic.twitter.com/K1DN51R4DO

— S◎L mates ☀️ (@Solana_Mates) April 7, 2021

New users are the lifeblood of successful blockchain networks, and the use of airdrops continues to be one of the most utilized methods for drawing attention to fledgling projects and sapping liquidity from one protocol to another.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Solana (SOL) price rises as airdrops attract new users to the network

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Written by bizbuildermike · Categorized: cryptocurrency · Tagged: Airdrop, Altcoin Watch, author, blockchain, cryptocurrencies, Cryptocurrency Exchange, data, decentralized, Decentralized Exchange, decentralized finance, defi, Derivatives, ethereum, exchange, Fees, finance, fund, Future, gains, Hackathon, investment, markets, more, opinions, p2p, research, reward, risk, Solana, Technology, token, tokens, trading, Twitter, uniswap, wallet, Wallets

Apr 09 2021

Enterprise-level partnerships send VeChain (VET) price to new highs

Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads. 

Since February enterprise-level adoption and a wide array of use cases have worked in favor of VeChain (VET), a blockchain-powered supply chain platform that seeks to use distributed governance and Internet of Things (IoT) technology to optimize supply chain management systems.

VET/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of VET has increased more than 400% over the past two months, climbing from a low of $0.0263 on Feb. 8 to a new record high at $0.1344 on April 9

Major collaborations ignite VeChain price

A scroll through the project’s Twitter feed shows that VET’s price growth in 2021 has largely been stimulated by the adoption of its supply chain tracking technology. On April 8 the team announced a collaboration with the software company Salesforce.

We’re pleased to have worked with Daniel Nortje, Director of Strategy & Architecture at @Salesforce.

Daniel has chosen VeChain as the blockchain of choice in a sample enterprise adoption case & successfully connected #VeChain ToolChain with Salesforce!https://t.co/YtZIG6Lx7B

— VeChain Foundation (@vechainofficial) April 8, 2021

VeChain’s technology has also been utilized on several projects that are managed by its partner DNV. DNV uses VeChain’s blockchain solution to manage the data from projects with the Danish company ReSea and the Norwegian industrial company Hydro.

The increase in VET price and adoption since the beginning of February has also led to a 1,000% increase in the price of VeThor Token (VTHO), which is used to pay for transactions and smart contract interactions on the network.

An early March NFT-related collaboration with VIMworld also helped bring extra attention to VET and VTHO and was followed by a steady increase in price. 

The positive benefits of these partnerships were reflected in data from Cointelegraph Markets Pro, which shows that the market conditions for VET have been favorable for some time. 

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. VET price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for VET turned bullish and reached a high of 73 on April 3, about two days before a smaller price spike on April 5. Following this move, the VORTECS™ Score increased to a high of 87 and remained in the green zone over the next three days as VET price gaine 35%.

Now that institutional investors now taking a serious interest in the crypto sector and the ways that blockchain technology can be integrated into various sectors, VeChain’s real-world use cases and growing list of enterprise-level partners indicate that there is potential for further upside.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Enterprise-level partnerships send VeChain (VET) price to new highs

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Written by bizbuildermike · Categorized: cryptocurrency · Tagged: 2021, Adoption, Altcoin Watch, author, blockchain, company, comparison, crypto, Crypto Sector, cryptocurrencies, data, Enterprise, Governance, green, institutional investors, Internet, investment, iot, market, markets, more, opinions, research, risk, Salesforce, smart contract, Software, Software Company, Strategy, supply chain, sustainability, Technology, trading, Transactions, Twitter, upside, VeChain

Apr 06 2021

Sacramento Kings To Offer Bitcoin Salary Option To Players

US professional basketball team Sacramento Kings is offering its staff and players the option of earning in Bitcoin. This was disclosed by the team’s Chairman, CEO, and Governor Vivek Ranadivé on popular social networking app, Clubhouse.

Sacramento Becomes First NBA Team To Offer Bitcoin Salaries

Ranadivé made this known in a room hosted by a club called the ‘Satoshi Roundtable.’ The room was headed by Tim Draper, a venture capitalist well-known in the industry for purchasing Bitcoin from the US Marshall’s auction in 2014, and co-hosted by Bruce Fenton, a prominent Bitcoin advocate, and investor. 

The news first broke out on Twitter after a Clubhouse audience member, Neil Jacobs, tweeted what the Sacramento Kings owner said.

“I’m going to announce in the next few days that I’m going to offer everyone in the Kings organization, they can get paid as much of their salary in bitcoin as they want, including the players,” said Ranadivé, according to Jacobs.

The news has generated many opinions from crypto critics and enthusiasts. Most say that this move would strengthen the California NBA team’s long-standing claim to be one of the most pro-crypto teams in professional sports.

This is not the first time the sports team has innovated using blockchain tech. Sacramento Kings announced back in 2014 that they were open to receiving payments in Bitcoin for their team merchandise in partnership with payment processor BitPay.

It also started mining cryptocurrency in 2018 by setting up a program called MiningForGood that donates the funds to charity. 

In 2019, Sacramento Kings went on to launch rewards tokens for fans. The token was called The Kings Token, and it was done in partnership with blockchain-based event ticketing platform Blockparty.

Basketball Embraces Crypto

The recent use of crypto in sports has triggered the global expansion of sports and teams as cryptocurrencies are now widely adopted in the sports sector.

The Dallas Mavericks sports franchise owned by Mark Cuban is another NBA team using crypto as payments for tickets and sports merchandise. 

Last month, Cuban announced that they would be accepting Dogecoin as payment for tickets and merchandise. Shortly after that, Cuban confirmed that they immediately received more than 20,000 Dogecoin transactions making the Mavericks the largest Dogecoin merchant in the world.

Before the Dogecoin announcement, Mavericks already allow Bitcoin payments for tickets and merchandise through a partnership made with BitPay in 2019.

Not only is crypto being used to allow fans to purchase tickets and merchandise and for clubs to pay players’ salaries and transfer fees recently, but it has also gained momentum in the NFT sector.

The NFT market for trading cards and collectibles is a multi-million dollar industry enabling fans to immortalize sporting moments in pictures and other various mediums.

The National Basketball Association (NBA) is a major player in the NFT space through its online digital collectibles marketplace, the NBA Top Shot. The NFT mania has become a good source of revenue for basketball teams, with the NBA reportedly closing deals over $500 million, according to The Verge.

Sacramento Kings To Offer Bitcoin Salary Option To Players

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Written by bizbuildermike · Categorized: cryptocurrency · Tagged: bitcoin, bitpay, blockchain, California, ceo, charity, Collectibles, crypto, cryptocurrencies, cryptocurrency, Dallas, dallas mavericks, deals, digital, dogecoin, Dollar, Event, expansion, Fees, Global, going, investor, Mark Cuban, market, more, National Basketball Association, NBA, NBA Top Shot, news, nft, NFTs, opinions, other, partnership, payment, payments, revenue, said, social, Social networking, Space, Sports, Teams, tech, token, tokens, trading, Transactions, us, verge, world

Mar 28 2021

PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance

Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. 

One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM) that allows users to exchange tokens and earn a portion of fees through yield farming.

Monthly trading volume on PancakeSwap. Source: Delphi Digital

According to a recent report from Delphi Digital, several factors have played a significant role in helping the PancakeSwap ecosystem grow in recent months and analysts predict that the protocol will continue to be a serious competitor to Uniswap.

Users flee high Ethereum fees

Anyone who has tried to transact on the Ethereum (ETH) network in 2021 will have noticed the astronomical rise in gas fees which has been compounded by the rising price of Ether. 

Average Ethereum gas fee. Source: Etherscan

If you compare this chart of the average gas fees on Etherum with the chart above detailing the monthly trading volume on PancakeSwap, a correlation can be seen between higher fees and more activity on the DeFi platform.

While Ethereum fees were ballooning, Binance Smart Chain (BSC) emerged as a viable option thanks to numerous cross-chain bridges and low transaction costs. PancakeSwap is the largest, most established DEX on the BSC thus it benefits from the influx of users and Binance’s large user base.

Delphi Digital analysts identified Binance’s immense ecosystem as another major factor providing a boost for CAKE as its “vast network effect” comes from being the “biggest crypto exchange that’s typically the first choice for retail traders.”

Prospective users can gain access to the BSC by simply withdrawing their tokens from Binance to a BSC-supported wallet.

PancakeSwap could be a ‘perpetual vampire’

Delphi Digital also highlighted CAKE’s token economics as a significant factor for its future growth.

Unlike UNI and SushiSwap (SUSHI), there is not a hard cap on the supply of CAKE tokens which gives the platform the “ability to perpetually conduct targeted vampire attacks in order to attract liquidity and incentivize projects to launch on PancakeSwap’s AMM.”

The current weekly inflation rate for CAKE is 3.78%, which is significantly higher than UNI’s 2% yearly inflation rate.

Even with various deflationary measures implemented by CAKE developers, the “net emission is approximately 1,000,000 CAKE per week – which translates to 37% real inflation annually (or 0.7% weekly).”

According to Delphi Digital, PancakeSwap is aware of how the current inflation numbers look and the team announced a governance vote to change the emission schedule with the options to leave it the same, decrease it to 23.5 or 22 CAKE per block.

The option to reduce emissions to 22 CAKE, a 20% decrease, is currently favored to win and this would reduce CAKE emissions by 1,050,000. This would help to neutralize inflation while also allowing the project to keep its vampire attack capabilities in the long-run.

CAKE attempts to break above resistance

Data from Cointelegraph Markets and TradingView shows that since reaching a low of $8.30 on Feb. 28, the price of CAKE has made several attempts to break out to a new all-time high and at the time of writing the altcoin trades for $15.63.

CAKE/USDT 4-hour chart. Source: TradingView

According to data from Cointelegraph Markets Pro, market conditions for CAKE have been favorable for some time.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity. A recent test of the system resulted in investment returns as high as 1,497% using specific strategies outlined in the report.

VORTECS™ Score (green) vs. CAKE price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for CAKE turned green and registered a 65 on March 21, roughly six hours before the price began to rally over the next four days.

After the initial precise rise on March 22, the VORTECS™ Score continued to climb and reached a high of 81 on March 25, three hours before the price began to rally 36%.

Strong backing from Binance and low fees on BSC have PancakeSwap in an enviable position to attract additional liquidity from the Ethereum-based DeFi protocols as a practical solution to high gas fees remains elusive. Despite inflation-related concerns, analysts have suggested keeping an eye on this Uniswap competitor as the battle for DeFi dominance continues to unfold.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: 2021, altcoin, AMM, Analysts, author, Binance, boost, BSC, crypto, cryptocurrencies, Cryptocurrency Exchange, data, Decentralized Exchange, defi, DEX, digital, economics, ether, ethereum, exchange, exchange tokens, Fees, finance, Future, gas, Governance, green, inflation, integration, investment, market, markets, more, Nonfungible Tokens, opinions, platforms, report, research, retail, returns, risk, Sushi, SushiSwap, token, tokens, trading, transaction, Twitter, uniswap, wallet, Yield farming

Mar 20 2021

A year into the pandemic: How Argentina’s economy struggled while its crypto ecosystem flourished

The year 2020 will go down in history as the beginning of the COVID-19 pandemic and the way it affected the Argentine economy. But it is also true that Argentina has been dragging along economic problems for decades, with high fiscal pressure, devaluation of the national currency (the Argentine peso), restrictions on the purchase of foreign currency, etc. 

Beyond that, events have occurred that have to do with attempts to regulate the crypto ecosystem, in addition to those linked to private companies and the adoption of cryptocurrencies. The following is a summary of the events that marked the last year and the opinions of various people who lived it from inside the ecosystem.

First quarter of 2020

Second quarter of 2020

Third quarter of 2020

  • A Paxful survey finds that Argentines believe investing in cryptocurrency is the most effective way to save

Fourth quarter of 2020

Attempts at regulation

There have been two initiatives at the national level in Argentina and one at the provincial level (in the province of Misiones) that are related to attempts to regulate cryptocurrencies.

In the Chamber of Deputies, a bill from Everybody’s Front was formally presented with the signature of 15 national deputies. This initiative, under file 6055-D-2020, has as its summary title: Integral Regulatory Framework Applicable to Civil and Commercial Transactions and Operations of Crypto Assets.

On the other hand, from the opposition, Argentine deputy Ignacio Torres of the Together for Change front also has in his hands a project on cryptocurrencies, but it has not yet been formally presented to Congress. This legislator, a representative of the district of Chubut, is holding a series of meetings and consultations on the subject with different sectors.

These projects have also been the focus of controversy and criticism from various sectors of the Argentine cryptosphere.

In addition, in the province of Misiones, Provincial Deputy Roque Gervasoni of the Front for the Renewal of Concord presented a project in the Chamber of Deputies. Registered under file D-55787/20, it is a bill that, in theory, also proposes to regulate the cryptocurrency ecosystem. The initiative has another peculiarity, which is that it provides for the creation of an exchange.

Rodolfo Andragnes, president of Bitcoin Argentina, said:

“A very relevant issue in November was the national law projects that emerged to regulate crypto assets, which were highly criticized by us.”

Pedro Rey Puma, OKEx community manager for Latin America, observed: “We must highlight the exposure of the two bills presented to the UIF and the Congress, although I think they need changes, and I adhere to the general dissatisfaction of the community.”

“I also believe that a positive aspect is the legitimization of cryptocurrencies by government officials, because if a favorable regulation is achieved, it will be a huge opportunity for the country to lead the innovation and the creation of services based on this technology. Otherwise, this activity will be taken to informality.”

Bitcoin’s price rose, and adoption grew

It was a very interesting year in terms of the price of Bitcoin (BTC), especially in its last few weeks. Bitcoin reached another historic high, something that hadn’t happened since 2017. It shouldn’t be forgotten either that it was a year where there was another halving, which many think was decisive for the price.

Andragnes said that in Argentina, during 2020, new projects appeared, while others were consolidated. “Not only have the exchanges seen exponential growth of users, multiplying by three or five times their volumes, but those companies that offered services such as digital certifications or developments on blockchain have also noticed growth,” he highlighted.

Ivan Tello, co-founder of Decrypto, expressed that the most important thing about 2020 in the crypto ecosystem was adoption:

“COVID and quarantine taught us that everything is virtual. Shopping at the supermarket or mall is now virtual. Procedures and even birthdays were virtual, but also savings, investment and money are virtual.”

On the other hand, he estimated that before “the trap” and prohibition of buying dollars in Argentina, investors and traditional savers discovered the possibility of being able to continue buying “virtual dollars” in the form of the stablecoins, which in many cases are the door to the crypto world. “Then they discover all the solutions that this new world brings to them,” he remarked. “More and more people are losing their fear of the virtual, of the intangible.”

But he also highlighted “the Halving (reduction in emission) of Bitcoin,” saying: “It happened in a year where all the central banks went out to issue and counterfeit their currency without any support, and it made evident the cracks in the system and how the perfect storm only favors Bitcoin to keep increasing its price.”

According to Gabriel Vago, CEO of ArgenBTC, 2020 was undoubtedly the best year for the crypto ecosystem in Argentina. “The different circumstances that occurred throughout the year — between, the exchange rate gap, the quarantine lockdown and the unstoppable rise in the price of Bitcoin since March — prepared a perfect scenario for hundreds of thousands of Argentines to join the crypto world,” he highlighted.

Emiliano Limia, public relations manager at Buenbit, said that the most important thing was the exponential growth of users. “The reasons behind this generalised growth are mainly related to the complex economic context the country is going through. Crypto assets gained ground as a form of savings in the context of the devaluation of the Argentine peso and restrictions on the purchase of foreign currency.”

In particular, he stated that the adoption of Dai became popular: “As it is a stablecoin, which has a price linked to the U.S. dollar, many Argentines turned to acquiring it. The reason is that in Argentina, there is a maximum quota of up to 200 dollars per month, and this is combined with interest rates in low-yielding Argentine pesos and a historical preference of Argentines for the dollar. So, for new users, DAI works as a good gateway to the ecosystem. In fact, MakerDAO, the organization that created this stablecoin, assures in its official blog that DAI has become the most popular crypto in Argentina by exchange volumes, even ahead of Bitcoin, due to concerns about hyperinflation.”

On the other hand, he talked about the increase in Bitcoin’s price. “It caught the attention of the press and of many people who had not yet entered the ecosystem, and who now notice that the asset is consolidating,” he said.

For economist Nicolas Litvinoff, director of Estudinero, the most important events of 2020 had to do with two things: operations and access.

“On the side of fundamentals, easy access to the purchase of Bitcoin was the big news,” he said. “The access ramp benefited from the development and implementation of P2P operations but monitored and guaranteed by exchanges or multi-currency platforms. The proposals of Airtm, Uphold and now Binance — that an Argentinean can buy Bitcoin, Ethereum or other assets with a transfer in pesos and the other person can send the crypto — is a model of operation that facilitates the access to crypto assets. Peer-to-peer opens the door for millions of people to the world of crypto assets.”

He added: “From the point of view of prices, the consolidation of Bitcoin as a safeguard against inflation, and the possibility of accessing stablecoins linked to the dollar as a safeguard against inflation, is good news. Beyond the price increase, Bitcoin has shown that it is an excellent refuge of value, especially for countries with a high degree of financial repression or regulation, like ours.”

For Matías Part, chief operating officer of Crypto Rocket and CR Academia, there were a series of internal and external factors that helped to put cryptocurrencies on the map in a definitive way.

“When the previous government regulated the exchange rate trap in September 2019, there was a great uncertainty that was immediately solved by the ecosystem,” he said. “The local exchanges already had DAI listed and the (misnamed) Crypto Dollar emerged.”

“Then, with the change of government, the economic crisis deepened, making people want to support themselves as best they could by buying DAIs without restrictions and with Argentine pesos.”

Rey Puma observed: “I think one of the most important things is the increased adoption of Bitcoin, DAI and USDT because of the overall growth in digital payments due to the pandemic.”

“Many people opted for traditional mobile peso wallets and others started using crypto wallets or custodial apps from exchanges for the first time,” he added.

For Rey Puma, another important thing that happened is that the population was to a greater extent exposed to the fact that Bitcoin can be an alternative to the peso or the dollar to safeguard value, “since in just a couple of months Bitcoin went from being worth 1 million to 3 million pesos.”

This provoked a great growth in new users, and OKEX also noticed it. Rey Puma confirmed that Argentina became one of the countries with the most movement in Latin America.

For Marcos Zocaro, a tax consultant, “Despite the fact that these were not very fortunate events (or measures) for the direction of the Argentine economy, the growing exchange restrictions and the depreciation of the national currency were the trigger for an adoption of cryptocurrencies as we had not seen before.”

“The crypto ecosystem received new users and investors who were discovering the technology as they tried to find some way to dollarize their savings, bypassing (legally) existing restrictions,” he added. “And this boom also generated the emergence of new local crypto ventures and the arrival of important players (among which are the main exchanges worldwide).”

Bitcoin halving

In addition to highlighting many events globally, Abraham Cobos, “crypto catalyst” of Bitso, spoke of Bitcoin’s halving: “On May 11, for the third time in its history, the reward for each mined block was halved. This went down from 12.5 to 6.25 Bitcoin for every block processed (every 10 minutes). When Bitcoin first appeared in 2009, its emission per block was 50 BTC, and then successively halved every 210,000 blocks for four years, resulting in 25 BTC in 2012 and 12.5 BTC in 2016.”

“The halving phenomenon reminds us that Bitcoin is an extremely scarce resource and that its supply is increasingly limited,” he said.

Decentralized finance

Decentralized finance is an international phenomenon, and Argentina has also seen momentum and different developments in this particular sector.

For Juan Manuel Domínguez, director of STO Managers, 2020 was as chaotic as it was interesting for the crypto ecosystem: “The acceleration in interest from people not directly related to the industry, ordinary people who had already heard about it at some point from a friend or family member, and are finally deciding to take the first step even at a higher rate than was the case in 2017.”

In this sense, he highlighted the further development of new applications with more user-friendly interfaces that has been taking place, partly as a result of the intense growth of DeFi platforms that emerged this year. “This plays a significant role in favoring the adoption by users who are just starting out in the industry,” he said.

Part stated: “After the first quarter came the boom of DeFi, with yields of between 5% and 8% per year, which ended up discouraging the FCI and fixed terms.”

On the other hand, he also highlighted the price of BTC surpassing a new all-time high:

“I think that we must also highlight the great work of the community and the exchanges that during this year understood that we must educate the population in a correct way and took care of giving webinars and organizing ATP events. Clearly, it is a year that is hinged in every way.”

A “Crypto Valley”

For Alan Boryszanski, chief financial officer of Lemon Cash, one of the most outstanding milestones in the ecosystem of Argentina was the creation of what he calls “the first Crypto Valley of LATAM” in San Martin de los Andes in the province of Neuquen. It “became a pioneer city that works as a technological testing ground for companies, startups, entrepreneurs, academics and organizations,” he explained.

“With more than 600 merchants that accept digital assets as a form of payment, Crypto Valley has a direct relationship with the Chamber of Commerce of the city and has the support of the local Ministry of Tourism,” he added. “In addition, it contributes to financial inclusion thanks to webinar cycles and research agreements with different universities in the country. The Crypto Valley condenses many changes that happened in 2020 as a consequence of the pandemic, the currency trap and the tax increases, which forced the massive adoption of cryptocurrencies as a value reserve.”

A year into the pandemic: How Argentina\’s economy struggled while its crypto ecosystem flourished

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Written by bizbuildermike · Categorized: cryptocurrency · Tagged: 2017, 2020, academics, Adoption, Apps, Argentina, Banks, Binance, bitcoin, Bitcoin Price, blockchain, blog, btc, Cash, ceo, chief financial officer, Co-founder, commercial, Community, Congress, covid-19, crypto, Crypto Wallets, cryptocurrencies, cryptocurrency, Cryptocurrency Exchange, Currency, DAI, defi, digital, digital assets, digital payments, Dollar, economist, economy, Entrepreneurs, ethereum, events, exchange, Exchanges, Family, finance, financial inclusion, four years, Go, going, government, inflation, innovation, Interest Rates, international, Investing, investment, Law, Merchants, Mobile, Model, money, more, new year's special, news, okex, opinions, other, p2p, pandemic, payment, payments, platforms, president, Regulation, research, reward, said, Shopping, Space, Stablecoin, stablecoins, startups, step, STO, survey, tax, Technology, Transactions, u.s., us, view, Wallets, webinar, work, world, Yields

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