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Latam Insights — Argentina Settles IMF Payment in Yuan; Brazilian CBDC to Be Launched in 2024
3.7.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina settles part of its $44 billion debt with the International Monetary Fund (IMF) using the Chinese yuan, Central Bank of Brazil officials estimate...
Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June
2.7.2023
The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token economy since May 28. Stablecoin Economy Faces...
Liquid Staking Defi Platforms Now Secure Over 10 Million Ethereum Worth Close to $20B
2.7.2023
Based on recent data, over ten million ethereum is now secured within liquid staking derivatives platforms, with a valuation close to $20 billion at current exchange rates. Two leading liquid staking decentralized finance (defi) protocols, Lido Finance, and Rocket Pool, experienced 30-day growth...
Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed
2.7.2023
The Luna Classic burn mechanism works by automatically burning tokens whenever a transaction occurs on the network
China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals
2.7.2023
According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on Friday that this year’s expo is expected...
Bitcoin Price Prediction Turns Bullish as $20 Billion Trading Volume Sends BTC Above $30,000 – Time to Buy?
1.7.2023
The price of Bitcoin has experienced a bullish turnaround, propelled by a substantial trading volume of $20 billion, which has pushed BTC above the $30,000 mark.
However, amidst the bullish surge in Bitcoin's price, the cryptocurrency faces some pressure following the recent announcement by...
Bitcoin Price Prediction: Where is the Next BTC Target as $25 Billion in Trading Volumes Flood In?
30.6.2023
Bitcoin saw a spike in trading volumes on Friday, which have exceeded $25 billion in the past 24 hours as per CoinGecko.
The spike in trading activity came as Bitcoin dipped back to test the $30,000 level from above $31,000 on a WSJ report that the SEC had informed spot bitcoin ETF applicants that...
Web3 mass adoption: How Web3 can onboard the next billion users
30.6.2023
By conquering these hurdles, we can help kickstart mass adoption while still maintaining the original decentralized spirit of Web3
Why approving a Bitcoin ETF might unleash $18 billion in sell-pressure
30.6.2023
Grayscale GBTC Trust conversion to an ETF will unlock a potential sale of up to $18 billion in Bitcoin
Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Thursday, Following Microstrategy’s Latest Purchase
29.6.2023
Bitcoin rebounded on Thursday, as markets reacted to the news that Microstrategy bought an additional $374 million worth of the cryptocurrency. Michael Saylor’s firm now has 152,333 bitcoin, worth roughly $4.52 billion. Ethereum moved closer to $1,900 on the news. Bitcoin Bitcoin (BTC) edged...
Ethereum Price Prediction: ETH Up 0.5% with $6 Billion Trading Volume – Are Whales Accumulating?
29.6.2023
The Ethereum price has risen by 0.5% in the past 24 hours, reaching $1,866 as the cryptocurrency market enjoys a similar gain today.
ETH is now down by 2% in a week but up by 14% in the last 14 days, with the market's biggest altcoin also increasing by 56% since the beginning of the year....
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Bitcoin Price Prediction as Daily Trading Volume Surpasses $10 Billion and Pushes BTC Into the Green – Is the Bear Market Over?
28.6.2023
As Bitcoin's (BTC) daily trading volume soars above the $10 billion mark, pushing the price of Bitcoin, the world's largest cryptocurrency, into positive territory, the persistent question arises: has the bear market ended?
Amidst this momentum, an intriguing development in the form of a surge...
MicroStrategy Acquires Additional $347 Million in Bitcoin, Total Investment Surpasses $4.5 Billion
28.6.2023
Michael Saylor's MicroStrategy has added an additional 12,333 Bitcoin to its portfolio, in the last two months.
According to a company report, MicroStrategy, together with its subsidiaries, bought the asset between April 29 and June 27, for approximately $347.0 million in cash, at an average price...
Three Arrows Capital Founders Face $1.3 Billion Claim from Liquidators
28.6.2023
The founders of the now-bankrupt crypto hedge fund Three Arrows Capital, also known as 3AC, are facing a $1.3 billion recovery claim from the fund’s liquidators.
The liquidators, who are also partners at the consulting and advisory firm Teneo, have accused the firm’s co-founders Su Zhu and Kyle...
Pepe 2.0 Price Pumps 54,000%, Aims for $1 Billion Market Cap – Buy This Next Big Thing or Wall Street Memes?
28.6.2023
If you missed Pepe then Pepe 2.0 could be the coin for you as its price pumps 54,000%.
Launched yesterday (Tuesday June 27) at 22:00 UTC, the new meme coin promises to "make things right".
The anonymous team behind the coin say they want to avoid the mistakes of Pepe's earlier self, which they...
Under New Leadership, FTX Recoups $7 Billion Amid Recovery Efforts
27.6.2023
The new leadership team at FTX has recouped approximately $7 billion in liquid assets as the exchange continues recovery efforts.
The company has revealed that it has made “substantial progress” in securing assets, recovering as much as $7 billion in liquid assets so far.
The exchange owed...
Bitcoin Price Prediction as $10 Billion Trading Volume Floods In On the Weekend – Are Whales Buying?
25.6.2023
Bitcoin has experienced a significant surge, reaching the $31,250 level and marking a nearly 15% increase in its value.
This dramatic uptrend has caught the attention of investors and analysts alike, leading to speculation about continuing this bullish trend.
With a massive influx of trading...
Bitcoin Cash Price Prediction as $1.2 Billion Pushes BCH Up 75% in a Week – What's Going On?
25.6.2023
Bitcoin Cash (BCH) has witnessed an extraordinary price surge, soaring by 75% in a mere week. This notable ascent has been accompanied by a substantial inflow of $1.2 billion in trading volume.
Bitcoin Cash's recent remarkable upward trend can largely be attributed to its listing on the...
Institutional Interest Fuels Crypto Rally as Market Adds $110 Billion in 7 Days
23.6.2023
During the past week, crypto assets increased in value by 9.62%, rising from $1.10 trillion to the current $1.21 trillion. Apart from the listed stablecoins, the top 20 crypto assets by market capitalization all experienced gains this week, as $110 billion was injected into the crypto economy....
It’s Game On for Web3: How Gaming Will Onboard a Billion People
22.6.2023
While other industries like entertainment and loyalty programs have the potential to onboard millions of new users into Web3, gaming provides fertile ground for the seeds of mass adoption. Gamers are already familiar with virtual currency and understand how to buy and earn in-game assets. And while...