Day: May 26, 2022

Huobi Global Acquires Latin American Crypto Exchange Bitex – Bitcoin News

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The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide. Huobi Aims to Step Up Its Presence in Latin America, Acquires Local Bitex Exchange On Thursday, the leading crypto asset exchange Huobi Global announced the company has acquired the Latin American cryptocurrency exchange Bitex. According to…

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Top Latin American Crypto Exchange Bitso Lays Off 80 Employees

Bitso has more than four million users in Mexico, Argentina, Colombia and Brazil. The company told CoinDesk in January that it’s aiming to become the largest exchange in Brazil before the end of 2022. In Brazil, Bitso competes with local crypto exchange Mercado Bitcoin, the leader with more than four million customers. Source

Tether ingresa a América Latina con una stablecoin vinculada al peso mexicano

“Hemos visto un aumento en el uso de criptomonedas en América Latina durante el último año, lo que hizo evidente que necesitamos expandir nuestras ofertas”, dijo el director de tecnología de Tether, Paolo Ardoino. La compañía anunció este esfuerzo como un “programa de prueba” en América Latina que espera “allanar el camino” para crear otros tokens vinculados a dinero fiat en la región. Source

Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

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The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows. ETH/USDT 1-day chart. Source: TradingView Here’s a rundown of what several analysts in the market are saying about the move lower for Ethereum and what it could mean for its price in the near term.…

Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate – Taxes Bitcoin News

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Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter. Portuguese Lawmakers Stop Motions to Tax Crypto Gains Members of the Assembly of the Republic, Portugal’s legislature, have rejected two separate proposals to tax profits from crypto investments. They came from the leftist parties Bloco de Esquerda (Left Bloc) and Livre, and were turned down by…

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