A businessman had remained kidnapped since last October 13th in Argentina. The kidnappers demanded Bitcoin as a ransom to release him.
A band that had kidnapped a businessman in the city of Buenos Aires, Argentina, on October 13th, recently released him in the town of Quilmes. According to a statement in local media, they had previously demanded a ransom in Bitcoin.
They also reported that the authorities arrested a suspect related to the band of captors. They have already identified one of the kidnappers and have ordered his arrest.
The statement said that “a band kidnapped the victim, the owner of a supermarket located in Quilmes, last October 13th. At the time, they intercepted him as he was leaving his home in the Autonomous City of Buenos Aires.”
“Shortly after the extortive kidnapping, the captors began to make calls to his relatives from telephone lines in Colombia and Venezuela to demand a ransom to release him. After keeping him captive for almost five days, the kidnappers released the businessman last October 18th. They collected a certain amount of money in the digital currency Bitcoin.”
The police already have the kidnappers in Argentina who demanded Bitcoin as a ransom in custody. At the moment, they are investigating all the facts related to the event.
New Bullish Cycle for BTC
Bitcoin has recently climbed above USD 12,000. The leading cryptocurrency by market value is currently trading at around USD 11,977, with a 1.90% profit in just one day.
In recent days, the prices of Bitcoin broke a descending triangle pattern. This confirmed the resumption of the rally from the lows of last October 8th near USD 10,500. Also it has opened the doors to USD 12,000.
Given that the US dollar currency index (DXY) dropped considerably, the weakness of the US dollar occurred along with this bullish movement. This correlation has already been in effect throughout 2020.
Cryptocurrencies Are as Popular as Gold among Russian Investors
One of the most popular investment tools in Russia is precisely investing in cryptocurrencies, according to a new report.
Last October 20th, the World Gold Council published a report on the prospects for retail gold in Russia; this London-based non-regulatory, non-profit market development organization for the gold industry.
Cryptocurrencies are currently the fifth most popular investment tool in Russia, according to their report. Following them are savings accounts, foreign currencies, real estate, and life insurance policies.
According to the World Gold Council ranking of Russian investments made in the last year, gold follows cryptocurrencies, representing 16% and 17%, respectively.
A survey of 2,023 online interviews with investors from Russian cities served as the basis for the report. The respondents are “active investors”, that is, those who made at least one investment in the 12 months before the survey.
The report indicates that cryptocurrencies such as BTC are still popular in Russia and benefit from being an accessible investment tool. On the contrary, gold has not yet established itself as a conventional investment asset due to the lack of education and confidence.
By Willmen blanco
