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Latam Insights: El Salvador’s Bitcoin Portfolio Goes Black, Brazil Brings Digital Currency Talk to G20
11.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The portfolio of bitcoin investments of the Salvadoran government went into black numbers, Brazil will discuss using digital currencies for financial...
Financial Giant Fidelity Discusses Spot Bitcoin ETF Application With SEC
11.12.2023
Financial services giant Fidelity recently met with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. Like Blackrock, the world’s largest asset manager, Fidelity appears to be pushing to use the in-kind creation model for...
SEC Warns Crypto Investments Can Be ‘Exceptionally Risky’
11.12.2023
The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be “exceptionally risky.” The regulator stressed that crypto-related investments “continue to be replete with fraud, including bogus coin offerings, Ponzi and pyramid...
‘All Russians’ Will Be Able to Use Digital Ruble in 2024 – Moscow
11.12.2023
Source: petert2/Adobe The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024. The Central Bank has previously claimed that Russians may have to wait until 2027 for a full nationwide rollout. But in recent...
Report: 47% of Nigerians Engaged in Crypto-Related Activities
10.12.2023
A new study has found that as much as 47% of Nigerians are actively engaged in crypto trading which is now increasingly incorporated in their financial lives. The analysis also showed that crypto ownership in the country grew by 15% between 2020 and 2023. Cryptocurrencies No Longer Seen...
BTC Dev Wants to ‘Fix’ Ordinal Inscription ‘Exploit,’ Blackrock Updates ETF Filing, and More — Week in Review
10.12.2023
BTC developer Luke Dashjr wants to “fix” Bitcoin Ordinal inscriptions, as he views them as exploitative, dividing the crypto community. In other news, in a spot bitcoin exchange-traded fund (ETF) filing update, monolithic asset manager Blackrock has noted the possibility of BTC being...
China and Singapore Team Up to Allow Tourists to Spend Digital Yuan
10.12.2023
Singapore and China have teamed up on a pilot to allow tourists in both countries to spend China’s central bank digital currency, the digital yuan. “This will enhance convenience for travelers when making purchases during their overseas travel,” Singapore’s central bank...
US Lawmakers Launch Bill to Counter Terrorism and Threats Involving Digital Assets
10.12.2023
Several U.S. lawmakers have introduced a bipartisan bill to crack down on terrorist organizations by applying sanctions to foreign entities, including crypto platforms, that facilitate financial transactions for terrorists. The legislation would also “equip the Treasury Department with...
Russian President Putin: Western Financial System Dying, Major Western Banks Will Be Deprived of Their Monopoly
10.12.2023
Russian President Vladimir Putin has stated that the Western financial system is “clearly becoming obsolete.” Furthermore, he said solutions involving blockchain and central bank digital currencies (CBDCs) “will pave the way for revolutionary shifts that will deprive the major...
Novogratz: JPMorgan CEO Jamie Dimon Is Wrong About Bitcoin, ‘Supreme Arrogance’ to Dismiss Value
10.12.2023
Galaxy Digital CEO Mike Novogratz says JPMorgan CEO Jamie Dimon has been proven wrong about bitcoin. “I think it’s supreme arrogance to think he knows what has value but all the rest of the people don’t,” said Novogratz after the JPMorgan executive slammed bitcoin as being used...
Vaneck Unveils 15 Crypto Predictions: Spot Bitcoin ETF Approvals, US Recession, BTC’s Historic Rally
10.12.2023
Asset management firm Vaneck has unveiled its 15 crypto predictions for 2024. They include the U.S. recession’s arrival, the approvals of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), and bitcoin’s historic rally, “potentially...
Bitcoin Outshines Gold: Digital Asset Surges 166% in 2023, Dwarfing Gold’s Modest 9% Gain
9.12.2023
Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively modest at 9.9%. In contrast, bitcoin, the leading...
Altcoin Surge Outshines Bitcoin’s Modest Gain Amid Anticipation of Potential Altcoin Season
9.12.2023
Bitcoin saw a modest increase of 1.8% in the past 24 hours as of Dec. 9, 2023. Meanwhile, more than 17 crypto assets experienced much larger gains, ranging from 7% to over 35% in the same timeframe. Despite this rise in various altcoins against the U.S. dollar, current trends have yet to signal...
Bitcoin Price Prediction as Option Traders Bet on $50,000 BTC by January – Are They onto Something?
9.12.2023
As Bitcoin (BTC) hovers around significant price points, option traders are betting on the cryptocurrency reaching $50,000 by January. This optimism coincides with heightened anticipation for the approval of a spot Bitcoin Exchange-Traded Fund (ETF), a development that’s expected to further...
Best Crypto to Buy Now December 8 – Cardano, BONK, Pyth Network
9.12.2023
ADA, BONK, and PYTH surge to new highs as investors seek the best crypto to buy now. Image by cryptonews.com. With a powerful surge so far today, the ADA price achieved a new year-to-date high, drawing the attention of analysts who endorse Cardano as one of the best cryptos to buy now. BONK...
Nonco Raises over $10 Million in Seed Funding
8.12.2023
Digital asset brokerage firm, Nonco, has raised over $10 million in seed funding, according to a new statement from the company. “The leading brokerage firm for digital assets” “Our aim is to become the leading brokerage firm for digital assets, and we intend to achieve this by establishing a...
Kazakhstan Financial Regulator Barred 980 Crypto Firms For Non-Registration
8.12.2023
Source: Iliya Mitskavets/Adobe The Financial Monitoring Agency (FMA) blocked 980 digital asset exchanges for offering trading services to users in Kazakhstan without the required regulatory nod. In a Dec 7 press release, the financial regulator revealed that it barred almost 1,000 crypto trading...
Digital Asset Brokerage Firm Nonco Raises $10M Seed Funding Led by Valor Capital, Hack VC
8.12.2023
The firm says it has already seen $6 billion in volume in the Latin American region since its debut in April
Crypto Whales Are Slowly Accumulating a Hidden AI Crypto Gem – Here’s What You Need to Know
8.12.2023
Crypto whales target the AI crypto Launchpad XYZ before it gains mainstream popularity. Image by Kerem Goktug Kaya, DALL-E 3. Cryptocurrency has minted a new class of ultra-wealthy investors who exert major influence over the volatile digital asset markets. Commonly known as “crypto whales,” these...
NFT Trading Volume Surges 125%, Nears $1B in November: DappRadar Report
8.12.2023
Source: AdobeStock Digital collectibles or non-fungible tokens (NFTs) are currently experiencing a resurgence despite the ongoing bullish momentum in the broader crypto market. Capturing this shift, DappRadar’s November industry report revealed that the NFT ecosystem has sustained a positive...