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Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues
17.4.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela...
Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade
14.4.2023
A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions...
Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research
13.4.2023
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
9.4.2023
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla...
ECB Board Member Warns EU’s New Crypto Rules Not Sufficient
8.4.2023
A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important safeguards to prevent incidents similar to the...
Florida Gov. Ron DeSantis Still Mad Disney Beat Him, Warns War Is Coming
7.4.2023
Hello, you join us in the middle of the ongoing culture war between Florida Governor Ron DeSantis and the Walt Disney Company. This week, DeSantis seems mad that people are (rightfully) claiming Disney outsmarted him and his cronies. And he’s promising to escalate the war between him and Disney...
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say
7.4.2023
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes...
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
7.4.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising...
Bitcoin Options Markets Reveal Investors Still Bullish, Despite Repeated BTC Price Failures to Test $30K
6.4.2023
Despite repeated failures by the Bitcoin price to test the $30,000 level in recent weeks over the course of the last three weeks, investors remain bullish, according to options market data presented by crypto analytics firm The Block.
Bitcoin has spent the last three weeks trading with $1,500...
New Final Fantasy Remasters Restore Intro Credits, Fonts Still Bad
6.4.2023
When Square Enix’s range of Final Fantasy remasters for PC and mobile were first unveiled a couple of years back, fans were quick to notice something: not only had the game’s traditional pixel font been replaced, but they’d been replaced by new, tiny little letters that were an assault on...
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...
Bitcoin Still Has a Branding Problem: Here’s How We Can Fix It!
4.4.2023
Bitcoin has experienced an incredible rise to fame since its launch in 2009. The digital currency is hailed as the future of money, an innovative solution to age-old problems, and a symbol of technological advancement. However, despite its many accolades, Bitcoin still suffers from a branding...
Bermuda still open to crypto firms, says premier: Report
31.3.2023
Bermuda's Edward Burt reportedly met with U.S. lawmakers and government officials this week in Washington, D.C. to discuss common standards for digital assets
Bitcoin Is Still in Its ‘Safe Haven Period’: Analyst
30.3.2023
Bitcoin (BTC) rose over $28,000 on Thursday, rallying over 15% in the past two weeks. Mark Connors, 3IQ head of research, is attributing the most popular cryptocurrency‘s rise to the uncertainty in the banking sector
Nintendo Is Still Going Hard With Breath of the Wild 6 Years Later, Despite Sequel
27.3.2023
I know that we’ve all been calling it “BOTW 2” for years, but Zelda fans really do want Tears of the Kingdom. I promise. Yet despite that game’s imminent release date Nintendo has proudly tweeted a new video promoting Breath of the Wild. Please, Nintendo. That game came out six years ago. Fans have...
‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard
27.3.2023
Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof...
Community-driven crypto projects still thriving despite headwinds
26.3.2023
Community engagement has always been a key aspect of crypto, and it's proving its value during bear markets
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Effect in January 2025
26.3.2023
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using...
Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector
25.3.2023
Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy...
Destiny 2 Still Has More Lance Reddick Coming
24.3.2023
The Destiny 2 community has been mourning the loss of John Wick and The Wire actor Lance Reddick along with everyone else following his recent death. But Bungie confirms the voice behind lead character Commander Zavala still has a few performances left to come in the game.Read more