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Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam
17.7.2024
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails...
South Korea Considers Deferring Crypto Taxation Until 2028
17.7.2024
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional...
Ripple Donates $1 Million to New Super PAC Seeking to Unseat Senator Elizabeth Warren
17.7.2024
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000. Ripple also recently committed $25 million...
Erik Voorhees Warns of Financial Apocalypse — Advises Best Thing Trump Can Do
17.7.2024
Erik Voorhees, founder of Shapeshift, has warned about the U.S. national debt’s catastrophic trajectory. He foresees a bond market collapse and ruination, calling it the most catastrophic event of our lifetimes. Voorhees advocates for bitcoin as a safeguard against this financial apocalypse...
Judge Refers Craig Wright for Criminal Prosecution in Bitcoin Case
16.7.2024
Craig Wright has been referred for criminal investigation in Britain for alleged perjury. Wright claimed to have authored the foundational 2008 Bitcoin white paper under the pseudonym “Satoshi Nakamoto.” He pursued litigation globally, including in the UK and the U.S., asserting...
Cambodian Firm Receives $150K in Crypto From North Korean Hackers
16.7.2024
A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked...
Tokyo-Based Metaplanet Adds Almost 22 More Bitcoin to Its Treasury
16.7.2024
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin...
Mining Company CEO Claims Silver Deficit Is Growing, Institutions Might Drive Prices Higher
16.7.2024
Keith Neumeyer, CEO of First Majestic Silver, a Canada-based mining company, discussed the silver production deficit in today’s precious metals markets. Neumeyer stated that while retail investors are interested in silver, institutions have to enter the market, supporting the activity...
Uganda Presents Purchase Plan to Return to the Gold Standard
16.7.2024
Uganda is aiming to return to the gold standard at some extent with a purchase proposal that seeks to amass more gold to back its fiat currency, the Ugandan shilling. The Central Bank of Uganda will purchase gold from artisanal miners to support their activities and reduce raw gold imports. Uganda...
Santa Monica City Council Unanimously Approves Landmark Bitcoin Initiative
16.7.2024
The Santa Monica City Council has unanimously approved the creation of a Bitcoin Office. Proposed by Vice Mayor Lana Negrete and in partnership with The Proof of Workforce Foundation, the program aims to boost Bitcoin education, economic recovery, and tourism, operating at no cost to the city....
Peter Brandt Anticipates Bullish Move for Bitcoin, Says ‘Bears Are Trapped’
16.7.2024
Veteran trader Peter Brandt’s recent bitcoin analysis suggests a bullish momentum, noting that a bear trap is confirmed by the July 13 close. However, this outlook is contingent on bitcoin staying above $56,000. Brandt recently predicted a potential BTC peak at $150,000 by late 2025. Peter...
Blackrock CEO Larry Fink Explains Why Everyone Should Consider Bitcoin in Portfolios
16.7.2024
Larry Fink, the CEO of Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has explained why he shifted from skepticism to advocacy for bitcoin, viewing the cryptocurrency as “digital gold” and a hedge against economic instability....
Trump Chooses Crypto Advocate Senator JD Vance as Running Mate
15.7.2024
Former U.S. President and presidential candidate Donald Trump has announced Senator JD Vance as his running mate. Vance has advocated for clear cryptocurrency regulations and criticized the U.S. Securities and Exchange Commission’s (SEC) enforcement-based regulatory approach. His crypto...
Ethereum Technical Analysis: ETH’s Bullish Momentum Continues Amid Uptrend
15.7.2024
As of July 15, 2024, ethereum (ETH) maintains its bullish trajectory, showing promising signs across various technical indicators. With its current price at $3,341 and a market capitalization of $401 billion, ether has demonstrated strong performance over recent trading sessions. Ethereum...
Trump to Address Bitcoin 2024 Conference Despite Assassination Attempt
15.7.2024
Former President Donald Trump, who survived an assassination attempt during a rally in Pennsylvania on July 13, is reportedly still scheduled to address the Bitcoin 2024 Conference, taking place in Nashville from July 25 to July 27. According to David Bailey, CEO of Bitcoin Magazine...
Solana Based AI Project Grass Announces Final Epoch of Closed Beta
15.7.2024
Grass, an artificial intelligence (AI) based web crawling project that uses the Solana network, has announced the end of its closed beta version with its final epoch. Grass stated that the beta allowed it to verify that it can reach 100% of the web, with only two companies also capable of doing...
Latam Insights Encore: Chavez, Marx, And Bukele’s Anti ‘Free Market’ Practices to Curb Speculation In El Salvador
15.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the course of action that Nayib Bukele has taken regarding price gouging and speculation practices in El Salvador, and how he...
Ultra Conservatism: A Hindrance to Africa’s Economic Progress and Development
15.7.2024
Many African countries have adopted an ultra-conservative approach when dealing with revolutionary innovations. However, this has largely left residents behind and stifled talent. As a result, many countries are no closer to attaining ambitious goals. Fear of the unknown has prevented leaders from...
US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says
15.7.2024
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become...
Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System
14.7.2024
Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage...