Argentina overtakes Brazil in crypto inflows — Chainalysis
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%. Go to Source
Brazil
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BRICS More Attractive Than EU, Says Serbia’s Vulin
Serbia’s Deputy Prime Minister Aleksandar Vulin has championed BRICS as a compelling alternative to the European Union, emphasizing the economic bloc’s appeal for Serbia. He highlighted how BRICS does not impose political conditions like the EU, stressing cooperation based on respect and neutrality. Vulin’s comments signal a possible shift in Serbia’s global alliances, particularly as … Read more
Brazilian Crypto Giants Team up to Launch Real-Pegged Stablecoin
Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for the BTC and ETH pairs listed on these exchanges and other markets to be developed in the future. Crypto Consortium … Read more
X to be restored in Brazil in 24 hours, rules Justice Alexandre de Moraes
The ruling came after the social media platform settled a roughly $5.5 million fine in the South American country. Go to Source
Brazil to review Elon Musk’s X ban after $5M fine payment
Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request. Go to Source
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting at the use of virtual assets as payment tools. Cryptocurrency Outflows Dangerous … Read more
Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution
Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury operations between Brazil and Portugal, the service also aims to benefit corporate … Read more
Bitcoin bull cycle outpaces historical patterns by 100 days: Report
CoinMarketCap’s new quarterly report indicates Bitcoin potentially entering a supercycle, DeFi losing to memecoins and more. Go to Source
Elon Musk’s X ban dispute with Brazil takes toll on local crypto community
Brazil’s ban on X sparks a battle over free speech between Elon Musk and the legal authorities, leaving Brazilians and the local crypto community caught in the crossfire. Go to Source
Latam Insights: Argentina and El Salvador Fight Against the International Agenda
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Argentina rejects the UN’s Pact for the Future, President Nayib Bukele warns about the impending arrival of a dark age, and cryptocurrency imports reach record levels in Brazil. Argentina Rejects UN Pact for … Read more