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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes … Read more
On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original … Read more
X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, issued by Alexandre de Moraes, a member of the Supreme Federal Tribunal, would have this legal representative facing jail time … Read more
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure … Read more
Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the first to receive such a license in the country, now eases the processes required to deposit and exchange fiat for crypto, with users only needing a phone number for this task. Lemon Receives First Fiat-Crypto … Read more
In July 2024, the fundraising landscape saw significant activity, with an estimated $878 million raised across 162 projects. The month highlighted a strong investor focus on the Infrastructure, Blockchain Service, and DeFi sectors, which continue to attract substantial capital. First, these were the top 10 projects that had raised the most funds in July (3/15) … Read more
Last week, Bitcoin witnessed a significant miner capitulation as outflows reached 19,000 $BTC on August 5, marking the highest level since March. This mass selling likely occurred as miners faced shrinking profit margins, which dropped to 25%, the lowest since January. With their margins under pressure, many miners were forced to liquidate their holdings. We … Read more
Top analysts, media outlets, and fund managers are collectively bullish on Ethereum’s price trajectory, predicting it will average $6,404 by the end of 2024. Forecasts vary widely, with predictions ranging from $4,400 to a staggering $166,000. What is Ethereum’s price prediction for 2024? 👀 Our latest study reveals that top analysts, outlets, and fund managers … Read more
In the past 24 hours, $NEIRO has emerged as the top cryptocurrency in the “Accumulated by Smart Money” category. Both whales and savvy decentralized exchange (DEX) traders are actively increasing their holdings of $NEIRO, despite its high price. This has garnered significant attention in the crypto space. Among The Recent Notable Purchases, Several Smart Wallets … Read more
Over the past three weeks, iCrypto’s Whale Chart has revealed a consistent rise in outflows from centralized exchanges (CEX) and an increase in inflows to whale wallets, particularly within the $90-$100 price range. This trend suggests that large holders are gradually moving their assets off exchanges, potentially signaling a strategic shift in their portfolios. $AAVE … Read more