Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems
Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a…
Stepn Partners With Adidas for Genesis Sneakers NFT Launch
Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the adoption of its Stepn Go…
Latam Insights Encore: Bukele’s Zero-Debt Budget Is a Good Start to Heal El Salvador’s Economy
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating…
Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all…
Sygnum Secures Liechtenstein License to Expand Crypto Services in EU
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA…
BRICS to Discuss Alternative Payment Platforms at Upcoming Summit
Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on…
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for…
‘Worst Airdrop in History’: Hamster Kombat to Reach 131M Users Amid Token Allocation Criticism
Hamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the…
Join Regina as she plays Pixel. If you’re a fan of digital farming games like Farmville, Pixels might be your next obsession. Set in a vibrant pixelated world and powered by the Ronin blockchain, this free-to-play Web3 game offers players the…
Bank of Canada Redirects Efforts Away From Retail CBDC
The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which…
Crypto All-Stars Raises $1.5M in ICO for New Meme Coin Staking Platform
Crypto All-Stars (STARS) is a hot topic right now, having just passed the $1.5 million mark in its ICO. The project’s main attraction is MemeVault – a platform allowing investors to stake their favorite meme coins for huge rewards…
Top 10 Bitcoin Holders: Exchanges, Corporations, and Governments Dominate the Charts
Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days…
Fed’s 50bps Reduction Triggers $321M in Digital Asset Inflows, Coinshares Reports
Digital asset investment products recorded inflows of $321 million in the second consecutive week of positive activity, according to a report by Coinshares. The surge in inflows is largely attributed to the Federal Open Market Committee’s…
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday…
Telegram’s Privacy Overhaul: IPs and Phone Numbers of Lawbreakers to Be Shared
After the arrest and subsequent release of Telegram CEO Pavel Durov in France, his Telegram channel shared that the messaging platform has updated its terms of service and privacy policy. According to these changes, the platform may disclose the IP…
Tau Net Layer 1 AI Blockchain Releases Testnet Architecture and AI Reasoning Language Update
Tau Net, a novel layer 1 AI blockchain, is designing a mainnet to be entirely developed and controlled by all of its users. Leveraging advanced and fully accurate AI reasoning, Tau Net simplifies the software development process by enabling ALL…
Kamala Harris Pledges to Support Digital Assets — ‘We Will Cut Needless Bureaucracy’
Vice President Kamala Harris has pledged to support innovative technologies like artificial intelligence and digital assets while ensuring consumer and investor protection. Her remarks, highlighting AI and cryptocurrency as key aspects of her…
On Monday, Sept. 23, 2024, the crypto market reached a total value of $2.22 trillion, marking a 1.3% increase in just 24 hours. Over the past week, bitcoin (BTC) climbed 8.7% against the U.S. dollar, while ether (ETH) enjoyed an impressive 15.8%…
Bybit Türkiye Gains Recognition as a Crypto Asset Service Provider by Turkish Regulator
Bybit Türkiye, the partner platform of global cryptocurrency exchange Bybit, has been officially listed as a crypto asset service provider by the Capital Markets Board (CMB) of Turkey. Turkish Regulator Grants Bybit Türkiye Crypto Asset…
Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting
Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of…
As of Sept. 23, 2024, ethereum is trading at $2,646, with an intraday price range of $2,531 to $2,684. Over the past 24 hours, ethereum has recorded a trading volume of $16.36 billion and a market capitalization of $318.56 billion. The…
Bitcoin is currently trading at $63,554, following a fluctuating 24-hour range between $62,479 and $64,687. Key technical indicators show mixed signals, with consolidation after recent resistance at $64,730. Traders are watching closely for…
Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations
The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the…
Bitwise CIO Highlights Bitcoin’s Role as a Hedge Against U.S. Public Debt
Matt Hougan, CIO of Bitwise, one of the world’s largest crypto fund managers, referred to the value of bitcoin as a hedge against the U.S. debt and the decline of the dollar. In social media, Hougan stated that bitcoin was an instrument that…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using…
Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status
Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden…
How China’s Economic Slowdown Will Transform Global Trade, Expert Insights
China’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic…
Nayib Bukele and Elon Musk Discuss AI, Robotics, and Future of Humanity
El Salvador’s President Nayib Bukele met with Tesla and Spacex CEO Elon Musk at the Texas Gigafactory, discussing AI, robotics, and humanity’s future. The two exchanged views on innovation, and Musk praised Bukele’s leadership…
US Indicts Two in $260M Bitcoin Heist and Laundering Scheme
Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they…
Uncovering the Secrets of Seekers of Tokane: A New Web3 JRPG Adventure
Regina’s Web3 gaming odyssey continues as she moves from Spellborne to Seekers of Tokane. Regina’s Quest for Epic Monster Hunts Continues in Seekers of Tokane Crushing the main quests in Spellborne has only cranked up my hunger for even…
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