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Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
20.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched...
Latam Powerhouse Crypto Exchange Bitso Launches Web3 Wallet
14.5.2024
Bitso, the Mexico-based, Latam-focused cryptocurrency exchange, recently launched its own Web3 wallet, targeting the decentralized finance (defi) ecosystem. The idea behind this new product is to ease the onboarding of Bitso’s customers into this landscape, allowing them to dabble...
Brazil leads LATAM crypto trading with $6B volume in 2024
13.5.2024
Brazil recorded a 30% increase in crypto trading volume in the first months of 2024, outpacing USD weekly trading volume since mid-January
Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange
13.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces...
Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto
10.5.2024
Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March 31. However, Mercado Libre does not own these...
Latam Insights: South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization Bill
6.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets...
Citi: Brazil Is at the Top of Digital Money Initiatives in Latam
30.4.2024
A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital...
Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations
29.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality...
Latam Insights: Brazil Bans Crypto for Gambling, Worldcoin Battles Buenos Aires
22.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil bans the use of cryptocurrency for gambling-related payments, and Worldcoin faces fines for alleged abusive behavior in Buenos Aires. Brazil Passes...
Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners
15.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils...
Latam Insights: Paraguay Targets Bitcoin Miners, Brazil Mulls Crypto Taxation Changes
8.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency mining, Brazil to change crypto taxation framework, and a poll finds that Latam believes CBDCs...
Latam Insights: Brazil to Offer Bitcoin Futures, Paraguay Battles Mining, Worldcoin Wins in Chile
1.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Brazilian stock exchange will offer bitcoin futures contracts, Paraguay advances measures to curb illegal bitcoin mining operations, and Worldcoin gets...
‘Trust in Authority’ Sustains Popularity of Centralized Exchanges in Latin America, Says Ricardo Da Ros
29.3.2024
According to Ricardo Da Ros, CEO of the crypto platform Patex, many crypto users in Latin America (LATAM) seem to prefer using centralized exchanges (CEXs) over decentralized ones. He attributes this preference to a culture in the region that “has been built on trust in authority.”...
Latam Insights: Chile to Keep Advancing CBDC Tests, Argentina Debuts VASP Registry
25.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Central Bank of Chile will keep experimenting with CBDC, Argentina’s VASPs will have to register to provide services in the country, and Argentines...
Latam Insights: Tim Draper’s Bitcoin Prophecy for El Salvador, Bukele’s Bitcoin Rush
18.3.2024
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...
Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi Scheme Founders, Brazil Defines Crypto Regulation as a Priority
10.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority...
Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru
4.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize...
Crypto.com Partners BTG Pactual to Expand Latam’s Crypto Reach
29.2.2024
Crypto.com, a Singapore-based cryptocurrency exchange, partnered with BTG Pactual, Latam’s largest investment bank, to expand the access of Latam’s traditional customers to crypto services. The team-up entails listing BTG Dol, BTG Pactual’s dollar-pegged stablecoin,...
Lemon Report: Argentina Leads Crypto Adoption in Latam; Tether Dominates Stablecoin Sector
28.2.2024
Argentina is leading the adoption of cryptocurrency in Latin America. According to a report titled “Argentina Crypto Capital,” produced by Lemon, a leading exchange in the country, four of every ten cryptocurrency apps in Latam are being used by Argentines, with over 70% of...
Crypto.com Partners With Latin America’s Largest Investment Banker To Advance Crypto Banking Services
27.2.2024
In a press release published on February 27, the exchange announced it had joined forces with BTG Pactual, the biggest investment banker in LatAm.
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