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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, … Read more
North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and … Read more
Despite declarations from Ethereum influencers that Runes are dead, recent reports indicate a different story. According to data released yesterday, the Runes Protocol has accounted for 69.1% of all Bitcoin transactions over the past 24 hours. This marks a significant shift in the landscape of Bitcoin transactions, highlighting the growing influence of the Runes Protocol. … Read more
The crypto fundraising landscape in Q2 2024 saw remarkable activity, with 521 projects successfully raising over $3.563 billion. This represents an increase from the previous quarter’s 469 projects, highlighting growing investor interest. Notably, 141 projects did not disclose their raised amounts. Top Fundraisers and Sector Breakdown The Infrastructure sector led in both total funds raised … Read more
In a significant move earlier today, a Uniswap team/investor/advisor address transferred 1.19 million $UNI tokens, valued at $9.62 million, to Coinbase Prime. This follows a trend over the past nine days, during which the same address transferred a total of 3.55 million $UNI, worth approximately $29.82 million, to the same platform. The address originally received … Read more
Despite a mild recovery to end the week, Bitcoin’s recent dip contrasts sharply with the continued flourishing of the S&P 500 and equities. For the past three years, Bitcoin and broader crypto markets have often surged in tandem with traditional equities. The current lag suggests Bitcoin might be poised for an eventual bullish catch-up period. … Read more
Ripple’s chief executive and chief legal officer have reflected on the crypto firm’s win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approached. The CEO described the ruling as a milestone for both Ripple and the cryptocurrency industry. “The court’s ruling that XRP is not a … Read more
House Majority Whip Tom Emmer has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, accusing him of “regulation-by-harassment,” and calling for his dismissal. The congressman has consistently opposed Gensler’s regulatory practices, supporting legislative reforms for the SEC. He argues that Gensler’s approach undermines the securities regulator’s mission to protect investors and maintain orderly … Read more
According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty until donations started coming in. German Government Now Has More Bitcoin The … Read more
Current data from the Crypto Fear and Greed Index (CFGI) indicates that crypto sentiment has been in a state of “extreme fear” for the past two days. According to Alternative.me’s CFGI, the sentiment scored 25 out of 100 in the daily readings on Friday and Saturday. CFGI Reports ‘Extreme Fear’ Over the Past 48 Hours … Read more