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New Dollar Tax in Argentina Could Boost Crypto Adoption

Argentina recently imposed a new 35% tax on all purchases made in US Dollars. This new dollar tax could prove to be a boon for stablecoins pegged to USD, like DAI, which saw trading volumes rise after the news. The extensive demand for US Dollar The central bank of Argentina is having a tough time keeping up with the country’s rising demand for US dollars. Argentines are hoarding US dollars because of the high rate of inflation in the local currency which has made the central bank take drastic measures. To combat the spike, it introduced the new 35%-dollar tax.…

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Argentina Is in a Fight with a Bitcoin Ransomware Group

We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina. Argentina Doesn’t Want to Give Up Its Bitcoin Recently, the South American country had a little problem with cyberhackers. The country’s national migration agency was forced into a temporary shutdown not too long ago after cyberthieves gained control of the office’s computer networks and data…

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Cryptocurrency Laws in Argentina

Summary to the Legal & Regulatory Context: Argentina, the state which acted as the regional leader in the acceptation procedure of the cryptocurrencies, yet it still lingers, making the pathways for the same. Consequently, of the glitches of the economic instability as well as the foreign exchange restrictions, Argentina became one of the initial or the primary acceptors of the cryptocurrency. In the whole Latin America, in addition to the whole world, this also happened as a consequence of the energies applied to safeguard its savings against inflation & to stun the prohibition on purchasing & transporting the foreign currency…

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Hackers Demand $7.7M In Bitcoin From Pakistan’s Largest Power Provider

Two significant NetWalker ransomware attacks have surfaced in the past week. After Argentina’s official immigration agency suffered a hack demanding $4 million in Bitcoin, a recent report revealed that Pakistan’s largest power producer was compromised. The perpetrators demand up to $7.7 million in BTC. $7.7M In BTC Demanded From Pakistan Power Producer The cybersecurity website Bleeping Computer reported earlier that the sole electricity provider for Karachi, Pakistan, namely K-Electric, has suffered a ransomware attack. K-Electric supplies power to over 2.5 million citizens, but the hack has not affected those services. Instead, the perpetrators have targeted the online billing platform, and…

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Argentina’s Borders Crippled By Devastating Ransomware. Hackers’ Demand? $4 Million In Bitcoin

The past couple of days have not been smooth sailing for Argentina’s immigration agency after a cybersecurity breach. Hackers who paralyzed Argentina’s borders in a ransomware attack are demanding to be paid $4 million worth of bitcoin before they can decrypt the files. Ransomware Extortionists Demand $4 Million In Bitcoin A group of cybercriminals successfully initiated a ransomware attack on Argentina’s immigration agency, Dirección Nacional de Migraciones, which stole sensitive information and briefly stopped border crossing in Argentina. The hackers are demanding millions in bitcoin in exchange for decryption instructions. As reported by Bleeping Computer on Sept.6, the Argentinian government…

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Ransomware hackers shut down Argentina’s borders, demand $4M BTC

Officials shut down border checkpoints for 4 hours on Aug. 27. Government officials in Argentina are refusing to negotiate with a ransomware group that forced them to briefly close all immigration checkpoints on Aug. 27. According to a Sept. 6 report on Bleeping Computer, a group of Netwalker ransomware hackers breached Argentina's immigration agency, Dirección Nacional de Migraciones, on Aug. 27 and initially demanded a $2 million payment to restore its servers.  "Your files are encrypted,” stated a ransom note on a Tor payment page sent to the immigration agency. “Only way to decrypt your files is [sic] buy the…

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Hackers demand $4 million in Bitcoin after attacking Argentina’s Immigration Agency 

Argentina’s official immigration agency suffered a ransomware attack with hackers demanding $4 million in Bitcoin, according to reports. The immigration agency otherwise known as the Dirección Nacional de Migraciones (DNM) suspended border crossings for four hours until officials revived the systems again from the attack, according to local reports. The cyberattack was first reported by the Argentinean government on August 27 after government officials received tech-support calls from multiple checkpoints across the country. Eventually, a criminal complaint was published by Argentina’s cybercrime agency, Unidad Fiscal Especializada en Ciberdelincuencia, which realized that a virus had affected the Central Data Center and…

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Hackers Closed Argentina’s Borders With $4M BTC Ransom Demand

Hackers closed Argentina’s borders after they launched their attack demanding Bitcoin payments as we are reading more in today’s bitcoin news. The ransomware attack by cybercriminals will be stopped once the government pays a Bitcoin ransomware of $4 million in Bitcoin. The hackers closed the borders of the country by slowing down the immigration offices and control pools for four hours. The attackers were later identified by authorities as NetWalker which is a ransom operation that targets government or corporate computer networks. Argentina’s immigration agency was the victim this time in an attack that stopped the border crossings as the…

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Poll: 73.4% Of Argentinians Believe Cryptocurrencies Will Best Protect Their Savings

With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset. Argentina’s Economy Following The COVID-19 Lockdowns The South American country had been suffering even before the government initiated extreme measures in an attempt to fight the expanding COVID-19 pandemic threat. Argentina was one of the first nations in the region to introduce nation-wide lockdowns, which led to initially decreasing the number of infected. However, as time progressed,…

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Chile-based crypto exchange denies fraud allegations

Chilean cryptocurrency exchange, Buda.com has denied allegations that it transferred client funds without authorization, a local news site has said. Per the report Itau bank now known as Itaú Unibanco, a private sector bank based in São Paulo, Brazil filed a lawsuit against the exchange and that both the bank and the exchange were set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC).   The report further said that the private South American bank had also accused Buda of forgery and for creating a fake profile to allegedly facilitate the fraud. The report detailed the…

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Bitcoin Emerges as a Safe Hedge in Argentina Amidst Inflation Fears

Argentina citizens voted Bitcoin was the safest way to invest and save money during a time of crisis, according to the results of a survey released by crypto firm Paxful this week. Crypto the “Safest” during Crisis The survey found out that of 1,113 Argentineans, over 75% said they would choose Bitcoin and other cryptocurrencies Read MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Most Argentines Would Rather Hedge With Crypto to Protect Savings

Argentina’s economic situation almost gets worse by the month. Despite the government’s many measures to revive the peso, many keep losing faith in it. Now, it appears that the love that Argentinians have built for cryptocurrencies is on the rise. The Argentine Crypto Craze Paxful, one of the crypto industry’s top peer-to-peer exchanges, released a survey which shows how much faith Argentines have in crypto. The survey was conducted by local industry firm Cripto 247 on behalf of the exchange. The poll took responses from 1,113 Argentines between the ages of 18 and 55. Of the respondents, 69.5 percent explained that…

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India Leads P2P Volume Records Among Emerging Markets

Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020. Half a dozen emerging markets have established new records for weekly peer-to-peer (P2P) Bitcoin (BTC) trading, including India, Ghana, the Philippines, Argentina, Mexico and Egypt, according to data published by Useful Tulips.India comprised the strongest market to post a new record for trade activity, with $3.4 million worth of BTC trading hands over the past seven days.India’s P2P markets began gaining significant momentum from the second quarter onwards, with Indian volume beating out its December 2017 all-time high of $2.95…

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Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

Argentina's largest telecommunications company has fallen victim to a $7.5M ransomware attack. Telecom, Argentina's largest telecommunications company, has fallen victim to a ransomware attack. Hackers are demanding $7.5 million in Monero (XMR) — an amount that will rise to $15 million if the company does not pay within 48 hours.Argentina's major telephone company, Telecom, just got hacked. Hackers requesting a ransom of $7.5 million in Monero. $XMR pic.twitter.com/AGNvAXh1cg— Alex Krüger (@krugermacro) July 19, 2020According to El Tribuno, the ransomware attack, which specifically affected Telecom’s call center, took place on July 18. The ransomware was ultimately contained by the Argentinian conglomerate’s…

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Ransomware Criminals Attack Argentine Telecoms Giant, Demand Payout in Monero

A new ransomware attack appears to have hit a telecoms company in Argentina, with privacy-focused asset Monero at the center of the operation. This week, local news source El Periodista reported that hackers had deployed a Ransomware attack on Telecom SA, one of Argentina’s largest telecoms companies. More Than a Network Problem El Periodista explained that company workers had been complaining of technical issues since Wednesday. They explicitly explained that they had problems with their Virtual Private Network (VPN), and the company’s Siebel database network. Employees had initially believed it was a mere system glitch. However? They got instructions from…

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Telecom Argentina Under Attack-Hackers Demand $7.5M In Monero

Major telecom provider Telecom Argentina S.A is under attack following a Monero hack where the hackers demand $7.5 million in XMR as we are reading further in our latest Monero news. Anonymous sources claim that the cyberattack was going on since Wednesday when the staff attributed poor IT performance with many glitches within the system. The investigations made by the company resulted in many other departments from saying they were not able to open files, access emails, and disconnect the terminals from their system. Source elperiodista.com.ar Another review of the situation pinpoints the start of the attack when an email…

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