Changpeng Zhao, who is the head and CEO of Binance, has recently hinted at the creation of a new fiat-to-crypto exchange in Argentina. In a tweet that made the daily cryptocurrency news sent by him on March 9th, CZ replied to a piece published by the crypto news website CoinSpice.
The article (which CZ replied to with the tweet) talked about the agreement between the government of Argentina with Binance Labs, the exchange’s investment as well as the social impact arm to co-invest in blockchain projects that are backed by the exchange.
Zhao’s comment contained in the tweet was based on Binance and its plans to establish a fiat-to-crypto exchange in Argentina. As the tweet noted:
“Guess where we will have a new fiat-to-crypto exchange?”
There are now more and more reports that Binance is planning to launch fiat-to-crypto exchanges in eight countries – one of which is Argentina – according to a spokesperson from the exchange. Even though the spokesperson hinted at the creation of these exchanges, he also declined to confirm six of the alleged locations, only confirming the plans for Singapore and Malta.
GlobalCoin By Social Media Giant Facebook To Roll Out By 2020
Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
Crypto Market Retreat: $14 Billion Wiped Out Overnight
Bitcoin SV (BSV) Doubles In Value After The BTC Copyright Claims
“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
Join us on Facebook
- GlobalCoin By Social Media Giant Facebook To Roll Out By 2020
- Gold-Backed Crypto Will Settle Payments In Russia: RSB
- Trump Rival Presidential Candidate To Make US A Bitcoin Nation
- AT&T Telecom Giant Starts Accepting Bitcoin Payments For Your Phone Bills
- Expected Bitcoin Drop Leads Major Crypto Assets To Drop By 7%
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Regulation5 days ago
Crypto Regulation In Japan: The Measures G20 Wants To Impose
Bitcoin News3 days ago
Bitcoin Whitepaper Copyright Registration Filed By Craig Wright
Altcoin News5 days ago
Bitcoin Cash Hashrate May Be ‘Dangerously’ Controlled By One Mining Pool
Bitcoin News5 days ago
Mike Novogratz Suggests Bitcoin Will Leave Its Peers In The Dust
Bitcoin News3 days ago
Teen Bitcoin Millionaire: BTC Will Die If 4 Major Issues Are Not Solved
Altcoin News3 days ago
Tether Issuer Claims It Had Invested Its Reserves Into Bitcoin
Regulation2 days ago
Central Bank Of Laos Warns Against Using Cryptocurrency
Blockchain News2 days ago
YouTuber PewDiePie Helps Blockchain Platform Grow Its User Base By 67%