A merchant who was kidnapped last Tuesday in the city of Buenos Aires, Argentina, was released in the town of Quilmes. After the hijackers in Argentina asked for Bitcoin to release it. This was reported in a statement earlier today.
In addition, they indicated that a suspect related to the gang of captors was arrested. While one of the kidnappers has already been identified and his arrest has been ordered.
The statement detailed:
“The victim, the owner of a supermarket located in Quilmes, was captured last Tuesday the 13th, after being intercepted by a gang of kidnappers when he left his home in the Autonomous City of Buenos Aires.”
“Shortly after the extortionate kidnapping began, the captors began to make calls to their relatives from telephone lines in Colombia and Venezuela to request a ransom in exchange for their release. After almost five days in captivity, the merchant was released this Sunday by the gang, who collected a sum of money in the digital currency Bitcoin.
The kidnappers in Argentina who asked for Bitcoin as a ransom are already in police custody and are investigating all the facts related to the event.
New bullish cycle for BTC?
Bitcoin is climbing towards $ 12,000. The leading cryptocurrency by market value is currently trading near $ 11,977, a 1.90% gain on the day. This is how our Crypto Online tool records it.
Prices broke a descending triangle on Monday. This confirmed the resumption of the rally from the lows of October 8 near $ 10,500 and opening the doors for $ 12,000.
This upward movement occurred in conjunction with the weakness of the dollar, as the US dollar currency index (DXY) fell substantially. A correlation that has already been effective throughout 2020.
Report: Cryptocurrencies are as popular as gold among Russian investors
Investing in cryptocurrencies is one of the most popular investment tools in Russia, according to a new report.
The World Gold Council, a major market development organization for the gold industry. It published a report on the outlook for retail gold in Russia on October 20.
According to the report, cryptocurrencies are currently the fifth most popular investment tool in Russia. After savings accounts, foreign exchange, real estate and life insurance.
As part of the World Gold Council ranking of Russian investments made in the last 12 months. Cryptocurrencies are followed by gold, accounting for 17% and 16%, respectively.
The report is based on a survey of 2,023 online interviews with investors from Russian cities. Respondents are “active investors”, that is, those who made at least one investment in the 12 months prior to the survey.
According to the report, cryptocurrencies such as BTC remain popular in Russia and benefit from being an accessible investment tool. Meanwhile, gold has yet to establish itself as a conventional investment asset due to lack of education and confidence.