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Ripple partners with Colombia’s central bank to explore blockchain technology
15.6.2023
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public
S Korean Crypto Lender Delio Suspends Withdrawals – What Do We Know?
15.6.2023
The South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation.
The platform is a crypto lending service and wallet, which holds an official virtual asset service provider (VASP)...
Register Here for a Weekly News Update on Latin America
15.6.2023
Due to the unique traits it presents, Latin America has been a thriving region for cryptocurrency, as the technology aims to complement or even substitute traditional finance components that cannot be used in certain countries in the area. Marked by the vast differences between its countries...
Haru Invest files criminal complaint against consignment operator
14.6.2023
The South Korean yield platform said it has filed a criminal complaint against B&S Holdings and plans to initiate civil proceedings as well
South Korean Bitcoin lending platform Delio pauses withdrawals
14.6.2023
The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity
Brazil’s president signs law aimed at having central bank regulate crypto firms
14.6.2023
The decree authorizes the central bank to regulate and supervise virtual asset service providers, and ensures the country's securities regulator will continue to handle many tokens
BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System
14.6.2023
Dilma Rousseff, president of the New Development Bank — also known as the BRICS bank — and former Brazilian president, has called for establishing a financial architecture designed for the so-called Global South. In a keynote speech at the 14th Lujiazui Forum, Rousseff remarked on the importance...
Crypto yield platform Haru suspends transfers after investigation
13.6.2023
The firm previously stated it had an issue with one of its service partners
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
13.6.2023
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update
OpenAI CEO highlights South Korean chips sector for AI growth, willing to invest
10.6.2023
Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue
Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says
8.6.2023
Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly transferred since his arrest in Montenegro...
Korean Prosecutors Target Terra Founder Do Kwon's Crypto Assets Amid Multi-Country Legal Issues
8.6.2023
Korean prosecutors are targeting the cryptocurrency assets of Do Kwon, the founder of failed blockchain project Terra.
Kwon allegedly funneled tens of millions of dollars out of Luna Foundation Guard (LFG), which he set up to help defend his now-defunct stablecoin TerraUSD's peg to...
Do Kwon could serve prison in both US and South Korea, prosecutor says
8.6.2023
South Korean senior prosecutor Dan Sunghan says Kwon's extradition to South Korea makes better sense, but suggested Kwon could also serve time in the US too
North Korean ‘Crypto Hackers Targeted S Korean Ministers’ – What Do We Know?
8.6.2023
North Korean crypto hackers “targeted South Korean ministers” in a campaign last year, Seoul-based police officials have claimed.
According to Dong-a Ilbo, police officials took control of a server they claimed was used during the attempted attacks.
And officers said they had “found...
S Korean Court Set to Decide If LUNC Is a Security – Trial of Terraform’s Shin to Begin
8.6.2023
The trial of the Terraform Labs Co-founder Daniel Shin is set to begin in South Korea – with prosecutors determined to prove that Terra Classic (LUNC) is a security.
Shin (Korean name Shin Hyun-seong) will face trial on fraud charges on June 10.
And the media outlets Chosun Ilbo and EToday...
SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea
7.6.2023
The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations
Latam Insights —Tether to Start Bitcoin Mining Operations in Uruguay; Lula Proposes Abandoning US Dollar
5.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Tether announces a sustainable Bitcoin mining project in Uruguay, Brazil’s President Lula proposes a shift away from the U.S. dollar, and Argentina...
BRICS Nations to Encourage Use of Local Currencies in Trade
3.6.2023
Countries in the BRICS bloc intend to encourage the use of local currencies in cross-border trade, their foreign ministers revealed. The top diplomats, who met in South Africa, also emphasized the importance of financial inclusion, welcoming new technologies that support it. BRICS to Stimulate...
Lula Proposes to Revitalize South America Union USAN; Reinforces Need of Shifting Away From US Dollar
1.6.2023
Luiz Inacio “Lula” Da Silva, President of Brazil, remarked on the need to retake South American integration mechanisms through the Union of South American Nations (USAN). Lula also proposed to shift away from the U.S. dollar by using a standard reference currency for bilateral...
From cricket to crypto: AB de Villiers ventures into Web3
31.5.2023
South African cricket icon AB de Villiers trades his bat for Web3 as he discusses his love affair with NFTs and a partnership with a novel Ethereum-based investment platform