Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Tim Draper predicts bitcoin will make El Salvador a rich country, President Nayib Bukele vows to keep buying bitcoin, and Banco do Brazil announces offline capabilities test for the Brazilian CBDC. Tim Draper […] Original
Indian Finance Minister Nirmala Sitharaman has taken a firm stance on Bitcoin (BTC) and other digital assets, emphasizing that they cannot be considered currencies. Sitharaman says she expects the G20 — the intergovernmental forum comprised of 19 sovereign countries, the European Union (EU), and the African Union (AU) — to draft a regulatory framework for cryptocurrencies. Sitharaman also highlighted that crypto assets are predominantly used for trading, speculation, and profit-making activities rather than functioning as traditional currencies issued by central banks. Sitharaman further emphasized how cryptocurrency assets thrive on trading…
Crypto entrepreneur and Bitcoin.com founder, Roger Ver, has recently unveiled the publication of a 304-page book titled “Hijacking Bitcoin: The Hidden History of BTC,” offering a fresh viewpoint that diverges from commonly accepted historical accounts. This book provides readers with an alternate perspective, challenging the traditional narratives surrounding Bitcoin’s evolution and history. Exploring Bitcoin’s History […] Original
In the past seven days, Jupiter (JUP) has seen a 61% increase in price. Despite experiencing a price dip to $0.0479 in January, its market capitalization of $1.7 billion and a trading volume exceeding $991 million in the last 24 hours, indicate positive investor sentiment in the project. Jupiter price fluctuations, bullish momentum Jupiter is an essential liquidity aggregator for Solana. It serves as a bridge between various DEX markets and AMM pools. Based on a technical analysis, Jupiter has shown interesting price patterns. On Jan. 31, the JUP token…
Last week, Ethereum welcomed the Dencun upgrade, leading to a reduction in transaction fees across several layer-2 protocols. Bitcoin (BTC) slipped below the $65,000 mark while spot Bitcoin ETFs continued to hit new records, clinching a peak trade volume. Ethereum welcomes Dencun The Dencun upgrade finally went live on the Ethereum network, marking the start of “The Spurge.” Notably, the update went live on March 13, exactly as scheduled by developers. Shortly after Ethereum witnessed the implementation of the upgrade, crypto.news reported a massive reduction in average transaction fees across…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid a flourishing streaming market and crypto bull run, DeeStream (DST) attracts attention from Dogecoin and Shiba Inu investors as it enters stage 2 of its presale launch. Investors are making outsized returns from meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) in just a few weeks. These meme coins are riding the general wave of price growth across the crypto industry. And industry speculation suggests that the…
Sam Bankman-Fried, the disgraced founder of the collapsed FTX crypto exchange, seemingly intended to rehabilitate his image by appearing on Tucker Carlson’s show and criticizing the “woke agenda.” On March 15, a Google Document titled “random probably bad ideas” surfaced as part of Bankman-Fried’s prosecutors’ sentencing submission. Bankman-Fried’s lawyers, meanwhile, are advocating for a 50-year prison sentence as opposed to the maximum sentence of 115 years in prison. With a 50-year sentence, Bankman-Fried would be 82 years old at the time of release. Noteworthy among the suggestions on Bankman-Fried’s list…
The latest statistics on bitcoin reserves from the nine new spot bitcoin exchange-traded funds (ETFs) reveal they currently possess 453,503.98 bitcoins, valued at approximately $30.29 billion based on the current exchange rates. The 9 New ETFs Hold Nearly a Half Million Bitcoin Since their inception on Jan. 11, 2024, these nine spot bitcoin ETFs have […] Original
There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the […] Original
In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that […] Original