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Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
4.8.2024
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 proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and...
Crypto-Friendly Mercado Libre Becomes Latam’s Largest Company
4.8.2024
Mercado Libre, a financial and e-commerce service company with its own cryptocurrency token, became the largest company in Latin America after announcing its financial results for Q2. Mercado Libre announced a net income of $531 million, significantly surpassing the expected $432 million. Other...
Mining company CleanSpark sold only 2.54 Bitcoin in July
2.8.2024
CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year
Pokémon's Latest TCG Set Is Teeny, But Packed With Stunners
2.8.2024
Today The Pokémon Company releases the TCG’s latest special set, Shrouded Fable. It introduces Pokémon Scarlet and Violet’s strangest monster, Area Zero’s Pecharunt, who works in tandem with Teal Mask’s Loyal Three, Okidogi, Munkidori, and Fezandipiti. Which must be a whole lot of nonsense if...
First Bitcoin Capital-Funded Company Registered in Argentina
30.7.2024
A company with cryptocurrency capital has been registered in Argentina, marking the first time this has happened in the country. The company, which was registered with a capital of almost $500 in bitcoin and USDC, follows the enactment of a resolution that allows companies to receive contributions...
Fintech Company Tecban Pilots Tokenization Platform for Brazil’s Drex CBDC
27.7.2024
Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched...
Bitcoin Rewards App Fold to Become Publicly Traded Company Through Merger
24.7.2024
Fold Inc., a bitcoin financial services firm, is set to go public through a merger with FTAC Emerald Acquisition Corp., a special purpose acquisition company (SPAC). The transaction, expected to close in the fourth quarter of 2024, will see Fold listed on Nasdaq under a new ticker symbol. Fold...
TSMC becomes first Asian company to reach $1T as AI demand surges
20.7.2024
The company is now worth more than Broadcom and closing in on Meta
TSMC becomes first Asian company to reach $1T as AI demand surges
20.7.2024
The company is now worth more than Broadcom and closing in on Meta
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...
Suspect Behind Trump Assassination Attempt Had A Discord Account But 'Rarely' Used It, Company Says
14.7.2024
The FBI has identified 20-year old Thomas Matthew Crooks as the suspect involved in the failed assassination attempt on former president Donald Trump at a campaign rally in Pennsylvania yesterday. Following the incident, there’s been a rush to identify any online accounts that may have been...
Game Pass Gets Pricier, Nintendo Teases A Horror Game, And More News For The Week
13.7.2024
This week saw Game Pass, once touted as the best deal in gaming, get another price increase in a way that’s as messy and confusing as it is disappointing. Also, Nintendo took the uncharacteristic step of teasing what looks like a first-party horror release, another game removed references...
Former OpenAI employee quit to avoid ‘working for the Titanic of AI’
11.7.2024
The real question is: Who or what is the iceberg in this scenario?
Palworld And Sony Team Up To Make The Next Pokémon Company
10.7.2024
Palworld feels like gaming’s ultimate troll. It’s a troll on the concepts of IP and copyright as it so brazenly mimics Pokémon with its creature design. And it’s a troll on Pokémon fans, given it’s really just yet another tree-bashing survival game. But oh boy, has it been a success, and...
Mining company TeraWulf pays off outstanding debt early
9.7.2024
The payment will allow the company to focus on scaling operations rather than keeping up with debt obligations in the post-halving environment
Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company
9.7.2024
Polychain says Niraj Pant broke the fund's policies by secretly accepting "adviser" tokens from Eclipse
How To Level From 80 To 90 Fast In Final Fantasy XIV
8.7.2024
If you’re a dedicated Final Fantasy XIV player, there are two paths you can take to start your adventure in Dawntrail. On one hand, you could simply equip your main job of choice, look for the “A New World To Explore” quest in Old Sharlayan, and go straight into Dawntrail’s new zones....
Dr Disrespect Skins Removed From Abandoned Online Shooter, Players Refunded With Fake Money
8.7.2024
Free-to-play tactical shooter Rogue Company has disabled all cosmetics themed around Guy “Dr Disrespect” Beahm in the game following the streamer’s admission that he was banned from Twitch back in 2020 for having “inappropriate” conversations with a minor. Players will get refunds but only in...
Japanese public firm Metaplanet buys another $2.5M of Bitcoin
8.7.2024
After completing the latest purchase, Metaplanet holds a total of 203,734 BTC bought at the average price of around $62,000 per BTC
Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud
5.7.2024
Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion