Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, a Brazilian lawmaker introduces a bill to allow funds to purchase crypto, Tether details its Salvadoran skyscraper move, and crypto remittance volumes remain marginal in El Salvador. Brazilian Lawmaker Proposes […] Source CryptoX Portal
The price of coins like BANANAS31 and ANDY has spiked over 200% while the overall crypto market remains bearish. According to CoinMarketCap data, the overall crypto market still remains bearish with just a 1.5% surge in global crypto market cap in the last 24 hours. Bitcoin (BTC) and Ethereum (ETH) are showing struggle at the $96,000 and $2,600 levels respectively. However, as per CoinGecko data, Banana For Scale (BANANAS31) is the top gainer with over a 300% surge in the last 24 hours. The coin’s price has surged as high…
A proposed bill aims to block a government-controlled digital currency, warning it could grant officials total financial surveillance, erase savings, and force spending—just like China’s digital yuan. No CBDC Act: The Bill That Could End Government-Controlled Digital Money U.S. Senator Mike Lee (R-UT) announced on Feb. 6 that he has reintroduced the No CBDC Act, […] Source CryptoX Portal
Dave Portnoy is defending his meme coin trading, rejecting crypto pump-and-dump accusations. Insisting that “Nobody is misleading anybody,” he questioned: “Do you go to jail for this?” Dave Portnoy Rejects Crypto Pump-and-Dump Accusations: ‘Nobody Is Misleading Anybody’ Barstool Sports founder Dave Portnoy is rejecting accusations that his recent meme coin trading resembles a pump-and-dump scheme, […] Source CryptoX Portal
Hong Kong has approved cryptocurrency as proof of assets for investor immigration, recognizing bitcoin and ethereum holdings in two cases under its HK$30 million residency requirement. Crypto as Proof of Wealth? Hong Kong Is Leading the Way Hong Kong has reportedly accepted cryptocurrency as proof of assets for investment immigration applications. Accountant Xiao Yaohe confirmed […] Source CryptoX Portal
Cryptocurrencies were indeed under pressure Saturday, days after U.S. tariff threats triggered market turbulence. The market chaos follows President Donald Trump’s executive order on Jan. 31, imposing tariffs on imports from Mexico, Canada, and China. Although the tariffs on Mexico and Canada remain on pause, the move was enough to rattle investors and spark sell-offs across equities and digital assets alike. Adding to the turmoil, crypto markets have been flooded with over 700 fraudulent tokens capitalizing on Trump’s name, as reported by the Financial Times. The wave of scams has…
Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CryptoX. The move will allow institutions to access XRP through U.S.-regulated market infrastructure. RDC has not responded to crypto.news’ request for comment. The news comes about a year after RDC announced the launch of the first-ever Bitcoin depositary receipt (BTC DR), bringing institutional-grade Bitcoin ownership into the regulated U.S. securities ecosystem. Modeled after American Depositary Receipts (ADRs), BTC DRs allow qualified institutional buyers, or QIBs, to hold and trade Bitcoin using the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Thailand’s trial of crypto trading boosts altcoin interest as Lightchain AI raising $15.3m in presale. Thailand’s latest move to trial crypto trading has sparked renewed interest in the altcoin market. As the country explores regulatory frameworks for digital assets, investors are seeking the best opportunities to capitalize on this evolving landscape. With the potential for increased adoption and institutional interest, certain altcoins stand out as strong investment choices. Among…
The past seven days have proven tumultuous for digital assets, with decentralized finance (defi) protocols hemorrhaging 12.71% of their locked capital. From the twilight hours of Jan. 31 through Feb. 7, 2025, a staggering $15.088 billion evaporated from the ecosystem. Defi Protocol Holdings See Cascading Losses Data extracted from defillama.com as of Feb. 7 reveals […] Source CryptoX Portal
LISBON, Portugal, Feb. 7, 2025 /PRNewswire/ — DuelNow – the trailblazing sports prediction market – is thrilled to announce the launch of its platform’s native token, $DNOW. The $DNOW token empowers DuelNow users by enabling access to a dynamic tiered membership system that unlocks exclusive benefits. By holding $DNOW, users can enjoy reduced platform fees and increased referral earnings. Every time one of your referees joins or creates a prediction, you earn! Membership Tiers: Rewarding Engagement and Loyalty New and existing users will be invited to progress through DuelNow’s six-tier membership…