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Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns

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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: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses concerns about power fee hikes for bitcoin mining activities, and Salvadoran basic goods’ prices reach record highs. US … Read more

Ron Paul Champions Liberty and ‘Competing Currencies’ at Bitcoin 2024

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Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future. Freedom Advocate Ron Paul Pushes for Sound Money Principles Freedom advocate … Read more

Sleeping Bitcoin Wallet From 2017 Moves 121.63 BTC Worth $8.25M After 7 Years

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On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin blockchain parser identified a transfer from a 2017 address, moving … Read more

Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy 

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At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced … Read more

Solana Meme Token $MOTHER Soars By 25% In 24 Hours, Smart Money Profits

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The Solana meme token $MOTHER has surged by more than 25% in the last 24 hours, with its price surpassing $0.08. This remarkable increase highlights the volatile and lucrative nature of meme tokens in the cryptocurrency market. One savvy investor, identified by the wallet address F4Kpk…VHRkB, demonstrated impeccable timing by purchasing $MOTHER on July 11 … Read more

Solana Memecoin $TEA Sets New Roadmap And Gears Up For CEX Listing

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Solana-based memecoin $TEA is making waves with its latest roadmap update and imminent Centralized Exchange (CEX) listing. The announcement has caught the attention of its vibrant community, which boasts over 3 million members. Currently, $TEA is consolidating within a descending parallel channel. However, technical analysis suggests that if $TEA breaks through its upper boundary at … Read more

Solana Memecoin SelfieDogCoin Surges 570% In A Week, Whale Profits Skyrocket

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Solana memecoin SelfieDogCoin ($SELFIE) has experienced a staggering rise, with its price skyrocketing over 570% in just one week and an astonishing 850% over the past month. The token’s market capitalization has now surpassed $50 million, drawing significant attention in the crypto community. Woke up to $SELFIE at $50m When it was at $2m, I … Read more

Bitcoin Bull Cycle Expected To Last Until Mid-2025, Says CryptoQuant CEO

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According to the CEO of CryptoQuant, the current Bitcoin bull cycle is poised to continue until mid-2025. Historically, Bitcoin bull markets have seen old whales taking profits, which typically shifts capital into new accumulation addresses, effectively raising the realized price of Bitcoin. This profit-taking phase, lasting about 18 months, began four months ago in the … Read more

Trump at Bitcoin 2024: Vows to Make US the Bitcoin Superpower, Plans to Fire SEC Chair Gensler

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On Saturday, July 27, 2024, the 45th president of the United States spoke to a massive crowd at the Bitcoin 2024 conference in Nashville. The event began with David Bailey, CEO of Bitcoin Magazine, presenting Trump with a 2013 Casascius physical bitcoin loaded with 1 BTC. “Bitcoiners know inflation better than anyone else,” Trump told … Read more

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