Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In...
Bitcoin
BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions
On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities....
Bets on Harris Slide in Predictions Market After Her Price Controls Plan Sparks Controversy
In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President...
UBS Urges Caution Despite Positive US Economic Data
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July...
Polymarket Open Interest Rebounds as August Set to Challenge July’s Record
Polymarket, the leading blockchain-powered predictions platform, saw its highest monthly volume to date in July. However, August has so far...
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning...
Stablecoin Market Expands: $2.21B Uptick in 8 Days Fueled by Tether’s Growth Spurt
The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by...
Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review
Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments...
X Ceases Operations in Brazil After Refusing to Comply With Censorship Orders
X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its...
Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she...
NFTs Enrich Gaming Communities, Drive Stronger Engagement, Says Gaming Veteran
According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which...
Lemon Pioneers Fiat-Crypto Interoperability Services in Peru
Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the...
Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa
Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment...
Indian Authority Arrests Man in Crypto Extortion Case
A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases,...
Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate
Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the...
