Coinbase and SoftBank have participated in a $26 million funding round for Latin America’s largest crypto asset management firm.
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Category: Latin America
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Report Finds Argentineans Are Becoming Increasingly Interested in Bitcoin, Ethereum and Stablecoins
Over a million Argentineans have been buying cryptocurrencies in the last few months, and a pattern has been spotted among them in terms of preferences. A local media outlet unveiled that most of them are decanted to acquire bitcoin and stablecoins. Argentineans Like to Invest in DAI, USDC, and USDT According to Ámbito, citing data […]Powered by WPeMatico
E-Commerce Giant Mercadolibre Buys Bitcoins Worth $7.8 Million for Treasury
Mercadolibre Inc., Latin America’s leading e-commerce company with almost 70 million users on its marketplace, has bought bitcoins worth almost $8 million for its treasury. With this move, the company has joined a growing list of corporations with the cryptocurrency on their balance sheets. Mercadolibre Holds Bitcoin on Balance Sheet Mercadolibre Inc. reported its first-quarter […]Powered by WPeMatico
Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange
The startup has a total value of $2.2 billion following its latest Series C investment round.
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Customers From Latin American E-Commerce Giant Mercado Libre Can Buy Real Estate With Bitcoin
The biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin. Properties Listed Don’t Offer Alternative Payment Methods Aside From Bitcoin According to the announcement, […]Powered by WPeMatico
Bank of Brazil Becomes the First State-Backed Bank to Allow Customers Exposure to a Crypto ETF
Brazil’s first crypto ETF debut is postponed, but not because plans have failed whatsoever. The Bank of Brazil (Banco do Brasil) is now joining the bandwagon of ETF issuances, following the same steps as Bank Itaú and BTG Pactual did. New Launch Date Set for April 26 According to a letter sent by Hashdex to […]Powered by WPeMatico
Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’
The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon.” No Decision Has Been Made on Whether the Digital Real […]Powered by WPeMatico
Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents
The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC […]Powered by WPeMatico
Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling. Argentinean Central Bank […]Powered by WPeMatico
Citi and IADB complete cross-border payment pilot with blockchain tech
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network.
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