BITCOIN

Argentinians are now discovering that P2P (peer-to-peer) markets can be used to maintain or multiply their savings in crypto and foreign currency. According to local media sources, more and more Argentinians are using P2P exchanges and markets to apply arbitrage and earn money being P2P cashiers. Maximiliano Hinz, Latam operations director of Binance, states that their P2P business has grown 40% in just the last month. Argentinians Rush to P2P Market Boom Argentinians are discovering the way in which liquidity providers in P2P markets earn great amounts of money by arbitraging between different markets. According to reports from local media, this course of action might quintuple the savings of some investors monthly, depending on the availability of some payment methods and the ability of the P2P cashier. These human exchangers can purchase crypto in cheap markets and then sell them in other international markets where the demand (and prices) are more interesting. However, this is...

Prices of ETH and BTC were mainly unchanged to start the weekend, as market activity slowed, mainly due to the Easter holiday. Price consolidation comes after a week of bearish pressure that sent the world’s two largest cryptocurrencies towards key support levels. Bitcoin Bitcoin was once again trading marginally above the $40,000 level on Saturday, as markets remained quiet as a result of the Easter break. BTC /USD rose to an intraday peak of $40,618.84 to start the weekend, following a low of $40,009.09 earlier in the session. Recent price consolidation comes following a two-week streak which saw bitcoin lose close to $10,000 from its value. Typically, following a bullish or bearish trend within a relatively short span of time, markets will consolidate, as they prepare for either an extension of the initial move, or a change of direction. Looking at the chart, the 14-day RSI continues to track below a key resistance level at 44, which seems to be the main hurdle preve...

The Brazilian Congress is trying to approve a cryptocurrency legal framework before the end of Q2. According to reports from local media, The proponents of the different law projects presented in the Senate and the Congress have stated they will seek the unification of the projects due to their similarity. This new unified project presents incentives for green mining and the inclusion of crypto-related fraud as a crime. Brazilian Congress Moves Gears to Approve Crypto Laws The Brazilian Congress has the disposition of approving a definitive law to regulate cryptocurrency before Q2 ends. According to local media , the rapporteurs of two different proposals seeking to regulate crypto interactions in the country will combine these two documents to present a unified version of them. Senators Iraja Abreu and Deputy Aureo Ribeiro will prepare this text, which will be on track for approval later this month. Abreu has already combined three proposals, and he will ask the Senate for these ...