Chilean Crypto Exchange Buda.com launched in Argentina

Buda.com has opened in Argentina, providing 4 cryptos: pocessing in 3 other countries, the exchange claims Argentina may become its most important market
30 May 2018   543

Chilean cryptocurrency exchange Buda.com started operations in Argentina on May 28. Presently working in Peru, Colombia, Chile and now Argentina, Buda.com has more than 80,000 users. 

Cryptocurrencies can have a positive effect on the functioning of the Argentine financial industry and, particularly, on giving access and lowering the uncertainty of users and how they interact economically on the Internet.
Pablo Chávez
General Manager, Buda.com

Chávez reported that initially “the cryptocurrencies that will be available will be bitcoin, ether and bitcoin cash,” but the company will also soon support litecoin.  “Initially we will be offering the market service, providing the platform for users who want to buy or sell cryptocurrencies in Argentine pesos.” 

One of the main differences we see with the rest of the region, is that in Argentina there is a community around cryptocurrencies, which have been working for years with a process of education and closeness to banking entities.
Pablo Chávez
General Manager, Buda.com

Concerning the firm’s venture into the Argentine market, Chávez supposes that Buda.com “should become one of the largest in the Latin American continent,” adding that he awaits its transaction volumes to reach “close to USD 20 million per month by the end of 2018.”

At the same time, at its homeland, Buda.com is struggling to gain its bank accounts reopened. The cyptocurrency rexchange filed a lawsuit against ten banks in April after they shuttered the accounts of crypto exchanges.

BitForex to be Suspected of Fraud Due to MFG Delisting

After 13 days of trading, crypto-exchange froze trading of this coin without a warning
14 August 2018   80

Users of the BitForex exchange have suspected the platform management in fraud after the platform has delisted the SyncFab (MFG) token without any explanation. This is reported by Cryptovest.

On July 18, at a recently opened BitForex exchange, trading of the own token of the SyncFab blockchain platform started. After 13 days, crypto-exchange froze trading of this coin without a warning. According to users, BitForex still retains part of the deposit funds in order to further steal tokens.

In turn, commenting on the situation, SyncFab representatives refer to vulnerabilities of unknown character in the smart contract of the token.

BitForex has a lot of tokens listed, however, not everything can be found through the search. The main page of the platform lists only coins with active trades.

Price of the MFG coin fluctuates around $ 0.0059. Token is traded on the IDEX, Cobinhood, CoinExchange, Bancor Network. In August, the leading company in the field of bitcoin-security and the provider of the popular BitGo wallet announced support for MFG.