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Techub News reported, according to DL News, Argentine police arrested a Chinese man at the Ezeiza International Airport in Buenos Aires. The man entered the country from Paris using a forged Paraguayan passport and had previously been listed as a wanted person by Interpol for involvement in a cryptocurrency scam. According to Nigerian court charges, the suspect is accused of orchestrating a cryptocurrency scam locally, luring investors with promises of high returns. The involved amount is approximately $49.4 million, after which victims were unable to access the platform or withdraw funds. Argentine authorities stated they are currently preparing to cooperate with Nigeria to initiate extradition proceedings.
Techub News reports, according to CriptoNoticias, Argentine judicial authorities have ordered an immediate and comprehensive block of the prediction market platform Polymarket. The ban applies nationwide in Argentina and instructs Google and Apple to remove the platform's mobile applications from the Android and iOS app stores. The ruling stems from a complaint filed by the Buenos Aires City Lottery agency, alleging that Polymarket operates an unauthorized online gambling system under the guise of a "prediction market." Prosecutors pointed out that the platform operates without a license in Argentina, accepts cryptocurrency and credit card payments, does not require identity or age verification, allows account creation within minutes, and significantly increases user risks, including the participation of minors in gambling. Argentina has become the second Latin American country, after Colombia, to impose comprehensive restrictions on the platform.
Techub News, according to Bloomberg, Argentine fintech company Pomelo has completed a $55 million Series C funding round. The round was led by Kaszek and Insight Partners, with participation from Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, Monashees, and TQ Ventures. Pomelo stated that the funds will be used to expand its credit processing business in its two core markets, Mexico and Brazil, and to support the launch of a global stablecoin-denominated credit card.
Techub News reported, according to La Nación, Argentine crypto platform Lemon announced the launch of the country's first VISA credit card backed by Bitcoin. Users can obtain credit denominated in pesos without needing a bank account or credit history, and without selling their Bitcoin. In the initial phase, users staking 0.01 Bitcoin (worth approximately $900) can receive a credit limit of 1,000,000 pesos. The Bitcoin serves as collateral and is locked but not converted into fiat currency. Lemon also stated that it will later allow customization of the collateral ratio and credit limits, and plans to support repayment of USD spending with stablecoins like USDC and USDT.
Techub News reported, according to CriptoNoticias, the Ethereum Foundation is deepening its collaboration with Argentine universities. The University of Buenos Aires (UBA) established a Cryptography and Distributed Systems Research Center in early November, a project closely linked to the Ethereum ecosystem. Argentine software development company Lambda Class donated $1 million to the center, with $250,000 already allocated to fund undergraduate, master's, and doctoral scholarships. The research areas span interdisciplinary fields including blockchain, distributed systems, mathematics, computer science, and fintech. Tomasz Stańczak, co-executive director of the Ethereum Foundation, stated that the foundation is advancing an educational program covering multiple institutions in Argentina. Starting from 2026, students at the Estación Buenos Aires school in Buenos Aires are expected to obtain blockchain technology certificates certified by the Ethereum Foundation. The curriculum will include content such as Solidity, a smart contract development language.
Techub News reports, according to La Nación, Argentina's state-owned energy giant YPF is evaluating the option of enabling cryptocurrency payments for gasoline and diesel across its national network of gas stations. Currently, the plan is still in an internal analysis phase, and the company has not yet established a specific implementation timeline. YPF stated that if the crypto payment model proceeds, related transactions are expected to be completed through third-party cryptocurrency trading platforms as intermediaries. This is because the local crypto market typically prices transactions based on the "crypto dollar (dólar cripto)" rather than the official US dollar exchange rate. Potential partners include local and international platforms such as Lemon, Ripio, and Binance.
Techub News: According to Cryptopolitan, Argentine federal judge Marcelo Giorgi has ordered the freezing of funds related to the "LIBRA" Meme token incident and imposed an indefinite asset freeze on the properties and financial accounts of Hayden Davis, Orlando Mellino, and Favio Rodriguez. The order was requested by federal prosecutor Eduardo Taino and supported by a technical report from the Agency for Fiscal Investigation and Recovery of Illegal Assets; the report stated that abnormal transactions were detected in the three individuals' crypto wallets, with investor losses potentially reaching $100 million to $120 million. The court stated that the case has "reasonable suspicion and potential risks" and requested the National Securities Commission to extend relevant measures to all associated platforms within the country.
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