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China’s Trade With BRICS Surges: A $653 Billion Boost in Emerging Markets
15.10.2024
China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations to collaborate, particularly in sectors like steel...
Brazillian Central Bank Invites New Participants to CBDC Pilot Program
14.10.2024
The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian...
Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation
12.10.2024
A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic...
DePIN Promises Small Business Innovation in Emerging Markets
11.10.2024
DePIN node sales are not like ICOs or even token sales. They are more like a market stall or “micro franchise programs” for the emerging markets. DePIN networks have potential to be a prodigious driver of tech-centered economic development, says Huddle01 founder, Ayush Ranjan
Avalanche Powers Littio’s New USD Savings Accounts in Latin America
9.10.2024
Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation. Neobank Littio Uses Avalanche...
Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds
4.10.2024
During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first...
Crypto Trading Volumes Double After Lifting of Ban in Bolivia
29.9.2024
According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions. Volumes doubled on average, with stablecoins leading the way and transaction numbers also...
Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD
28.9.2024
According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates...
Experts Say P2E Games ‘Normalize’ Crypto in Emerging Markets
26.9.2024
Play-to-earn blockchain games are driving crypto adoption in emerging markets, particularly in Southeast Asia, Latin America, and Africa. Experts attribute this growth to their accessibility, economic opportunities, and community-building benefits. One expert believes play-to-earn games can serve...
Saudi Arabia Leads MENA in Crypto Growth for Second Year Running
26.9.2024
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority...
Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios
25.9.2024
A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings...
Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
24.9.2024
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January...
US Company Settles Salvadoran Coffee Purchase With Bitcoin
21.9.2024
According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment...
Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La Liga
19.9.2024
Bitget, a leading cryptocurrency exchange, has announced a multi-million dollar partnership with La Liga, the popular Spanish football league. This deal establishes Bitget as the official crypto partner for La Liga across Eastern Asia, Southeast Asia, and Latin America. Bitget and La Liga Join...
Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients
14.9.2024
Onedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive...
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance
13.9.2024
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary...
Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report
12.9.2024
The report surveyed more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia and India
Blockchain music startup Tune.fm raises $50M from Global Emerging Markets
12.9.2024
The fresh capital brings Tune.fm's total funding to $80 million. The funds will be used to reward artists and users within the platform
Ripple Renews NYU Abu Dhabi Partnership for Blockchain Research
11.9.2024
Ripple has renewed its partnership with NYU Abu Dhabi to support blockchain research and innovation. This partnership aims to foster talent development, advance digital asset adoption, and integrate blockchain technology into startups and established institutions in the UAE. Ripple has funded...
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
6.9.2024
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached...