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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: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar alternatives, and Kavak tokenizes debt in Brazil. Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping … Read more
Germany has divested 1,400 bitcoin from its government reserves, reducing the total from 41,226 BTC to 39,826 BTC. Meanwhile, bitcoin has declined 1.7% against the U.S. dollar over the past 24 hours, hovering just above the $57,000 mark. Germany Reduces Bitcoin Holdings to 39,826 Bitcoin This weekend, the German government’s wallet transferred another 1,400 BTC, … Read more
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another historic wallet from April … Read more
Over the weekend, a prominent personality in the bitcoin and blockchain sector, Bruce Fenton, addressed Jack Dorsey, CEO of Block, Inc., through a post on the social media platform X. Fenton asserts that Dorsey owes an explanation, as Twitter’s senior leadership has faced accusations of orchestrating one of the most significant acts of censorship in … Read more
Sam Bankman-Fried’s political donation activities were allegedly a family affair, involving his brother, mother, and father. Bankman-Fried, the founder of FTX, reportedly directed over $100 million in political contributions with his family’s help, according to emails reviewed by the Wall Street Journal (WSJ) and reporter Alexander Osipovich. Wall Street Journal Report Uncovers Bankman-Fried Family’s Alleged … Read more
On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long-Inactive Bitcoin Wallet Transfers Over $56M At 8 p.m., or Bitcoin block height 850,855, a wallet created ten … Read more
According to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over $100 million in June and $8.2 million on the day the 2024 presidential candidates Donald Trump and Joe Biden debated on stage. The Rising Influence of the Prediction Market Polymarket Polymarket has … Read more
The cryptocurrency markets have continued to bleed, with social media now showing historic levels of Fear, Uncertainty, and Doubt (FUD). It’s rare for an hour to pass without more mentions of “sell” than “buy” across crypto forums. In the past 24 hours alone, there have been several instances of this, including the highest ratio of … Read more
The BNB Chain’s Q2 2024 financial report reveals mixed results, with a slight underperformance in the income statement compared to the previous quarter. However, the market data tells a more positive story. BNB Chain Market Data Highlights Despite the income dip, BNB Chain’s circulating market capitalization grew by over 50% quarter-over-quarter and an impressive 95% … Read more
TRONDAO’s Q2 2024 financial report reveals significant growth across several key metrics, highlighting the platform’s expanding influence in the crypto space. TRON’s fees and revenue surged by $21.3 million compared to the previous quarter, reflecting a more than 52% year-over-year increase. This financial boost underscores the growing adoption and usage of the TRON network. The … Read more