Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, we discuss the conversation between President-Elect Donald Trump and Argentine President Javier Milei, the thousands of job positions axed by Milei’s Deep Chainsaw operation, and Chilean authorities’ pushback on World’s domiciliary eye-scanning pilot. […] Source CryptoX Portal
Switzerland’s SIX has agreed to acquire London-based Aquis Exchange in a cash offer, valuing the deal at an enterprise value of £194 million. Announced today (Monday), the Swiss bourse will pay 727 pence per share in cash to Aquis shareholders, putting the total issued and to-be-issued share capital of the latter at about £207 million. The official announcement further detailed that the offer price provides Aquis shareholders a premium of about 120 percent over the closing price of its shares last Friday. A “Compelling Strategic Opportunity” According to SIX, the…
Inflows on crypto exchanges, explained Understanding how inflows and outflows affect crypto prices is crucial for navigating market dynamics. Inflows, representing the influx of liquidity into exchanges, can positively impact prices. Conversely, outflows, indicating the withdrawal of funds, can exert downward pressure on prices. Liquidity – the ease with which assets or goods can be bought or sold — is vital for traders, users and investors. When referring to inflows and outflows on exchanges, it involves tracking the movement of cryptocurrencies into and out of these trading platforms. In the…
As Bitcoin reached a new all-time high, Gemini co-founder Cameron Winklevoss suggested the real rally is yet to come. Bitcoin (BTC) has still room to grow as the recent spike to a new all-time high was not driven by retail fear of missing out, Gemini‘s co-founder Cameron Winklevoss speculates. The road to $80k bitcoin was paved with steady ETF demand. Not retail FOMO. Little fanfare. People buy ETFs, they don’t sell them. This is sticky HODL-like capital. Floor keeps rising. Where are we in the cycle? We just won the…
Bitcoin is proving its mettle, and showing no signs of stopping. The crypto skyrocketed to a fresh record high on Monday, as investors bet that Donald Trump’s return to the Oval Office will be good for the crypto industry. Related Reading The world’s largest and most recognized cryptocurrency has now more than doubled from the year’s low of $38,4000 and was last at $81,405 having earlier touched a record high of $81,890, data from Coingecko shows. A day after the elections, Bitcoin hit $75k, topping its previous high of $74,797…
Mt. Gox was once the world’s top crypto exchange, handling over 70% of all bitcoin transactions in its early years. In early 2014, hackers attacked the exchange, losing an estimated 740,000 bitcoin (more than $15 billion at current prices). The hack was the biggest of the many attacks on the exchange in the years 2010-13. Source
Bitcoin has been hitting new all-time highs over the past week as the crypto market recorded strong bullish sentiment after GOP candidate Donald Trump won the U.S. presidential elections. Bitcoin (BTC) gained 18% over the past week and is up 3% in the past 24 hours. The leading cryptocurrency reached an ATH of $81,858 earlier today — currently trading at $81,000 following a mild correction. BTC price | Source: crypto.news Thanks to the consistent gains, the BTC market cap surpassed the $1.6 trillion mark. Its daily trading volume also doubled,…
A Danvers, Massachusetts man, Trung Nguyen, was convicted of money laundering and operating an unlicensed cryptocurrency business that converted over $1 million in cash to bitcoin. Through his company, National Vending, Nguyen ran a “no questions asked” cash-to-bitcoin service from 2017 to 2020, knowingly processing funds for criminals, including a meth dealer and romance scam […] Source CryptoX Portal
Dogecoin started a fresh surge above the $0.220 resistance against the US Dollar. DOGE is up over 50% and is showing signs of more upsides. DOGE price started a fresh rally like Bitcoin and climbed above the $0.220 resistance level. The price is trading above the $0.2800 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.280 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rally if it clears the $0.3050 and…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…