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Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports reached $4.69 billion in Q1 2024, rising by 118% compared to the numbers registered in Q1 … Read more
On Tuesday, the crypto payments processor based in Atlanta, Bitpay, revealed its collaboration with Moonpay. The partnership, Bitpay emphasized, enables users to sell bitcoin and other crypto assets directly through the Bitpay app. Bitpay Now Allows Direct Sales via Moonpay Partnership Users of the Bitpay app can now sell their crypto assets through Bitpay’s integration … Read more
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. … Read more
Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet on May 6, 2024, but the owner also appears to have expended a total of 1,005.33 BTC, equivalent to almost $64 million at current exchange rates. 1,005 Bitcoin Worth $64 Million Moved From 2 … Read more
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme … Read more
In a significant development within the cryptocurrency space, GSR Markets has deposited a substantial sum of 6 million ARB tokens to Binance, valued at $6.42 million, over the past 8 hours. This influx of tokens has piqued the interest of market observers, prompting speculation about the source and motives behind the deposit. Upon tracing the … Read more
Excitement brews in the cryptocurrency community as Ethena experiences a notable 9% surge in value today. However, amidst this upward momentum, significant developments regarding token distribution and market dynamics have come to light. In a move to enhance token distribution and decentralization, Ethena has implemented a phased airdrop strategy. The top 2000 Ethena holders will … Read more
In a whirlwind 24-hour period, Ethereum, the second-largest cryptocurrency, made waves by surpassing the $3,000 threshold before settling back to $2,977 at the time of reporting. Adding to the excitement, Ethereum also saw a surge in new wallet creations, with a staggering 267,000 fresh wallets recorded. This influx marks the highest number of new wallets … Read more
Bitcoin, the world’s leading cryptocurrency, has seen a significant resurgence in its market value, climbing back up to $59.3K after a period of volatility. This surge is accompanied by an intriguing indicator: 84.4% of the network’s available supply is now in profit, marking its lowest level in two months. Traditionally, such dips in this ratio … Read more